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

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.
Asia Pacific Dairy Products Market
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.

Asia Pacific Dairy Products Market


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 coveredBy Product
 Regions covered
China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Thailand, Malaysia, Vietnam, Philippines, Singapore, Rest of Asia-Pacific
 Companies CoveredChina 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:
  • Anhydrous Milk Fat (AMF)
  • Cream, Butter
  • Flavoured Milk
  • Fluid Milk/UHT Milk
  • Non-fat Dry Milk
  • Skimmed Milk Powder
  • Whole Milk Powder (WMP)
  • By Region:
  • China
  • India
  • Japan
  • South Korea
  • Australia and New Zealand
  • Indonesia
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Singapore
  • Rest of Asia-Pacific
  • 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 report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Asia Pacific Dairy Products Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Asia Pacific Dairy Products  Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. 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, 2023-2033
    7.2. Anhydrous Milk Fat (AMF)
    7.3. Cream, Butter
    7.4. Flavoured Milk
    7.5. Fluid Milk/UHT Milk
    7.6. Non-fat Dry Milk
    7.7. Skimmed Milk Powder
    7.8. 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. China
    11.4. India
    11.5. Japan
    11.6. South Korea
    11.7. Australia and New Zealand
    11.8. Indonesia
    11.9. Thailand
    11.10. Malaysia
    11.11. Vietnam
    11.12. Philippines
    11.13. Singapore
    11.14. Rest of Asia-Pacific

    12.  Company Profile
    12.1. China Mengniu Dairy Company Ltd
    12.1.1. Company details
    12.1.2. Financial outlook
    12.1.3. Product summary 
    12.1.4. Recent developments
    12.2. Dodla Dairy Ltd
    12.2.1. Company details
    12.2.2. Financial outlook
    12.2.3. Product summary 
    12.2.4. Recent developments
    12.3. Fonterra Co-operative Group Limited
    12.3.1. Company details
    12.3.2. Financial outlook
    12.3.3. Product summary 
    12.3.4. Recent developments
    12.4. Gujarat Co-operative Milk Marketing Federation Ltd
    12.4.1. Company details
    12.4.2. Financial outlook
    12.4.3. Product summary 
    12.4.4. Recent developments
    12.5. Hatsun Agro Product Ltd
    12.5.1. Company details
    12.5.2. Financial outlook
    12.5.3. Product summary 
    12.5.4. Recent developments
    12.6. Inner Mongolia Yili Industrial Group Co. Ltd
    12.6.1. Company details
    12.6.2. Financial outlook
    12.6.3. Product summary 
    12.6.4. Recent developments
    12.7. Karnataka Cooperative Milk Producers Federation Ltd
    12.7.1. Company details
    12.7.2. Financial outlook
    12.7.3. Product summary 
    12.7.4. Recent developments
    12.8. Meiji Dairies Corporation
    12.8.1. Company details
    12.8.2. Financial outlook
    12.8.3. Product summary 
    12.8.4. Recent developments
    12.9. Nestlé SA
    12.9.1. Company details
    12.9.2. Financial outlook
    12.9.3. Product summary 
    12.9.4. Recent developments
    12.10. Yakult Honsha Co. Ltd
    12.10.1. Company details
    12.10.2. Financial outlook
    12.10.3. Product summary 
    12.10.4. Recent developments
    12.11. Others

    13. List of Abbreviations

    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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    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.
    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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