Asia Pacific Dairy Products Market Growth, Size, Trends, Share, Revenue, Scope and Future Outlook
Asia Pacific Dairy Products Market Size- By Product- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: FOOD2409 | Pages: 1 - 157 | Formats*: |
| Category : Food & Beverages | |||
Asia Pacific Dairy Products Market Introduction and Overview
According to SPER Market Research, the Asia Pacific Dairy Products Market is estimated to reach USD 277.97 billion by 2033 with a CAGR of 4.98%.
The report includes an in-depth analysis of the Asia Pacific Dairy Products Market, including market size and trends, product mix, distribution channels, and supplier analysis. Similar standardized dairy products include butter, milk, and non-fat dry milk powder. Dairy products with several flavours include fermented drinks, specialty cheeses, and milk protein segments used in food and drink products. While some dairy products are produced and consumed domestically, dairy products are consumed globally. Products like fresh milk, yogurt, and cheese are advised to be consumed immediately.
- September 2023: Bellamy's Australia, a manufacturer of organic infant formula, was purchased by China Mengniu for USD $1 billion.
- In the region of North China where the company is headquartered, Yili established a dairy hub to produce fresh milk, baby formula, and cheese.
Market Opportunities and Challenges
Opportunities: The market for dairy products offers an extensive number of opportunities due to changing consumer preferences, increased global population growth, and health consciousness. Dairy products are becoming more and more in demand as people become more aware of the nutritional advantages of dairy. Health-focused products, like lactose-free substitutes and yogurts high in probiotics, target niche markets by meeting dietary requirements. In addition, there are opportunities for premium offerings due to the growing popularity of specialty and artisanal cheeses.
Challenges: The market for dairy products has many opportunities, but it also faces a number of obstacles that call for careful maneuvering. One major issue is the rising number of consumers experiencing dairy allergies and lactose intolerance, which is driving up demand for non-dairy alternatives. Traditional dairy consumption is challenged by health and environmental issues, such as discussions about saturated fats and the carbon footprint of dairy production. Furthermore, the market for dairy substitutes is competitive due to shifting dietary trends, such as the popularity of plant-based diets. Geopolitical tensions and climate change can cause supply chain disruptions that affect raw material pricing and availability, which in turn affects production costs.
Market Competitive Landscape
The top five companies hold 23.95% of the fragmented Asia-Pacific dairy market. China Mengniu Dairy Company Ltd., Gujarat Co-operative Milk Marketing Federation Ltd., Inner Mongolia Yili Industrial Group Co. Ltd., Karnataka Cooperative Milk Producers Federation Ltd., and Yakult Honsha Co. Ltd. are the leading companies in this market (arranged alphabetically).
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product |
| Regions covered | China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Thailand, Malaysia, Vietnam, Philippines, Singapore, Rest of Asia-Pacific |
| Companies Covered | China Mengniu Dairy Company Ltd, Dodla Dairy Ltd, Fonterra Co-operative Group Limited, Gujarat Co-operative Milk Marketing Federation Ltd, Hatsun Agro Product Ltd, Inner Mongolia Yili Industrial Group Co. Ltd, Karnataka Cooperative Milk Producers Federation Ltd, Meiji Dairies Corporation, Nestlé SA, Yakult Honsha Co. Ltd, and others |
COVID-19 Impact on Asia Pacific Dairy Products Market
The COVID-19 pandemic caused severe disruptions to the dairy products market in Asia Pacific. Demand and production temporarily decreased as a result of supply chain disruptions, lockdowns, and social distancing measures. Dairy producers saw a decline in sales as a result of closures and restrictions faced by the foodservice, hotel, and restaurant industries—all of which are significant consumers of dairy products. The efficiency of the supply chain as a whole was also impacted by labour shortages and logistical difficulties that impacted raw material processing and transportation. Notwithstanding these obstacles, there was a discernible shift in consumer behaviour toward more home cooking and a concentration on products that promote health and immunity.
Key Target Audience:
- Consumers
- Retail and Wholesale Businesses
- Food and Beverage Industry
- Health and Fitness Industry
- Specialized Diets and Lifestyles
Our in-depth analysis of the Asia Pacific Dairy Products Market includes the following segments:
| By Product: |
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| By Region: |
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Key Topics Covered in the Report:
- Asia Pacific Dairy Products Market Size (FY’2023-FY’2033)
- Overview of Asia Pacific Dairy Products Market
- Segmentation of Asia Pacific Dairy Products Market By Product (Anhydrous Milk Fat (AMF), Cream, Butter, Flavoured Milk, Fluid Milk/UHT Milk, Non-fat Dry Milk, Skimmed Milk Powder, Whole Milk Powder.
- Expansion Analysis of Asia Pacific Dairy Products Market
- Problems and Obstacles in Asia Pacific Dairy Products Market
- Competitive Landscape in the Asia Pacific Dairy Products Market
- Impact of COVID-19 and Demonetization on Asia Pacific Dairy Products Market
- Details on Current Investment in Asia Pacific Dairy Products Market
- Competitive Analysis of Asia Pacific Dairy Products Market
- Prominent Players in the Asia Pacific Dairy Products Market
- SWOT Analysis of Asia Pacific Dairy Products Market
- Asia Pacific Dairy Products Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Asia Pacific Dairy Products Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia Pacific Dairy Products Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Dairy Products Market
7. Asia Pacific Dairy Products Market, By Product (USD Million)
7.1. Asia Pacific Dairy Products Market Value Share and Forecast, By Product, 2023-20337.2. Anhydrous Milk Fat (AMF)7.3. Cream, Butter7.4. Flavoured Milk7.5. Fluid Milk/UHT Milk7.6. Non-fat Dry Milk7.7. Skimmed Milk Powder7.8. Whole Milk Powder (WMP)
8. Asia Pacific Dairy Products Market Forecast, 2019-2033 (USD Million)
8.1. Asia Pacific Dairy Products Market Size and Market Share
9. Asia Pacific Dairy Products Market, By Technology, 2019-2033 (USD Million)
9.1. Asia Pacific Dairy Products Market Size and Market Share By Technology (2019-2026)9.2. Asia Pacific Dairy Products Market Size and Market Share By Technology (2027-2033)
10. Asia Pacific Dairy Products Market, By Product, 2019-2033 (USD Million)
10.1. Asia Pacific Dairy Products Market Size and Market Share By Product (2019-2026)10.2. Asia Pacific Dairy Products Market Size and Market Share By Product (2027-2033)
11. Asia Pacific Dairy Products Market, By Region, 2019-2033 (USD Million)
11.1. Asia Pacific Dairy Products Market Size and Market Share By Region (2019-2026)11.2. Asia Pacific Dairy Products Market Size and Market Share By Region (2027-2033)11.3. China11.4. India11.5. Japan11.6. South Korea11.7. Australia and New Zealand11.8. Indonesia11.9. Thailand11.10. Malaysia11.11. Vietnam11.12. Philippines11.13. Singapore11.14. Rest of Asia-Pacific
12. Company Profile
13. List of Abbreviations12.1. China Mengniu Dairy Company Ltd12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Dodla Dairy Ltd12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Fonterra Co-operative Group Limited12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Gujarat Co-operative Milk Marketing Federation Ltd12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Hatsun Agro Product Ltd12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Inner Mongolia Yili Industrial Group Co. Ltd12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Karnataka Cooperative Milk Producers Federation Ltd12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Meiji Dairies Corporation12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Nestlé SA12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Yakult Honsha Co. Ltd12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia Pacific Dairy Products Market is projected to reach USD 6.41 Billion by 2033, growing at a CAGR of 5.11% during the forecast period.
Asia Pacific Dairy Products Market grew in market size from 2023. The Market is expected to reach USD 6.41 Billion by 2033, at a CAGR of 5.11% during the forecast period.
Asia Pacific Dairy Products Market CAGR of 5.11% during the forecast period.
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Asia Pacific Dairy Products Market size is USD 6.41 Billion from 2023 to 2033.
Asia Pacific Dairy Products Market Segment is Covered By Product
The Asia Pacific region is anticipated to have the highest market share in Asia Pacific Dairy Products Market.
The key players in the market include Companies Covered China Mengniu Dairy Company Ltd, Dodla Dairy Ltd, Fonterra Co-operative Group Limited, Gujarat Co-operative Milk Marketing Federation Ltd, Hatsun Agro Product Ltd, Inner Mongolia Yili Industrial Group Co. Ltd, Karnataka Cooperative Milk Producers Federation Ltd, Meiji Dairies Corporation, Nestlé SA, Yakult Honsha Co. Ltd, and others
The market for dairy products offers an extensive number of opportunities due to changing consumer preferences, increased global population growth, and health consciousness. Dairy products are becoming more and more in demand as people become more aware of the nutritional advantages of dairy.
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