Asia Pacific Dairy Market Report and Forecast 2024-2032
Dairy, an integral component of the culinary landscape of the Asia Pacific, is sourced predominantly from milk, presenting an array of products such as butter, cheese, yoghurt, and milk powders. These products not only serve as culinary delights but also fortify consumers with vital nutrients, aiding in bone health, digestive balance, and overall well-being. Beyond the nutritional spectrum, dairy has carved its niche in the industrial sphere of the Asia Pacific, with applications resonating in realms ranging from confectioneries and baked goods to cosmetics and pharmaceuticals.
The diverse culinary traditions and diets, along with the presence of a large population base is driving the Asia Pacific dairy market demand. Countries like China, India, and Japan have seen a paradigm shift in consumer preferences, veering towards nutrient-packed food products. This has been compounded by the growing cognisance of the myriad health benefits tethered to dairy consumption. With osteoporosis and calcium deficiencies becoming pressing health concerns in the region, the focus on dairy as a prime calcium source has heightened.
The fitness wave, sweeping across the Asia Pacific, further accentuates the Asia Pacific dairy market growth. The burgeoning gym culture, coupled with an increasing number of fitness aficionados, has accentuated the consumption of protein-rich dairy items like yoghurt and cheese. Dairy-based protein supplements, too, are witnessing soaring popularity, finding favour among athletes, bodybuilders, and fitness enthusiasts in countries such as South Korea and Australia.
Industrially, the prowess of dairy is evident in its multifaceted applications. Within the pharmaceutical sector, dairy ingredients, especially lactose, play pivotal roles as fillers and stabilisers in tablet and capsule formulations. The Asia Pacific's thriving cosmetics industry is also influencing the Asia Pacific dairy market outlook. Dairy derivatives, celebrated for their hydrating and skin-rejuvenating properties, are becoming staple ingredients in creams, lotions, and serums, catering to the region's booming skincare market.
Furthermore, the global narrative echoing sustainability and plant-based diets is pushing the demand for dairy alternatives in the region. Countries such as Thailand and Singapore are witnessing an uptick in vegan and vegetarian populations. This has steered the spotlight onto dairy derivatives as essential ingredients in crafting dairy-free cheeses, yoghurts, and milk alternatives. With almond, soy, and oat milk gaining traction, the dairy industry is at the cusp of innovation, meeting demands with plant-based offerings that echo the nutritional profile of traditional dairy.
Market Outlook
According to the report the Asia Pacific dairy market attained a healthy growth in the historical period. Aided by the rising consumption of dairy products in the region and the expansive diversification of dairy applications in several sectors, the market is expected to grow significantly by 2032.Dairy, an integral component of the culinary landscape of the Asia Pacific, is sourced predominantly from milk, presenting an array of products such as butter, cheese, yoghurt, and milk powders. These products not only serve as culinary delights but also fortify consumers with vital nutrients, aiding in bone health, digestive balance, and overall well-being. Beyond the nutritional spectrum, dairy has carved its niche in the industrial sphere of the Asia Pacific, with applications resonating in realms ranging from confectioneries and baked goods to cosmetics and pharmaceuticals.
The diverse culinary traditions and diets, along with the presence of a large population base is driving the Asia Pacific dairy market demand. Countries like China, India, and Japan have seen a paradigm shift in consumer preferences, veering towards nutrient-packed food products. This has been compounded by the growing cognisance of the myriad health benefits tethered to dairy consumption. With osteoporosis and calcium deficiencies becoming pressing health concerns in the region, the focus on dairy as a prime calcium source has heightened.
The fitness wave, sweeping across the Asia Pacific, further accentuates the Asia Pacific dairy market growth. The burgeoning gym culture, coupled with an increasing number of fitness aficionados, has accentuated the consumption of protein-rich dairy items like yoghurt and cheese. Dairy-based protein supplements, too, are witnessing soaring popularity, finding favour among athletes, bodybuilders, and fitness enthusiasts in countries such as South Korea and Australia.
Industrially, the prowess of dairy is evident in its multifaceted applications. Within the pharmaceutical sector, dairy ingredients, especially lactose, play pivotal roles as fillers and stabilisers in tablet and capsule formulations. The Asia Pacific's thriving cosmetics industry is also influencing the Asia Pacific dairy market outlook. Dairy derivatives, celebrated for their hydrating and skin-rejuvenating properties, are becoming staple ingredients in creams, lotions, and serums, catering to the region's booming skincare market.
Furthermore, the global narrative echoing sustainability and plant-based diets is pushing the demand for dairy alternatives in the region. Countries such as Thailand and Singapore are witnessing an uptick in vegan and vegetarian populations. This has steered the spotlight onto dairy derivatives as essential ingredients in crafting dairy-free cheeses, yoghurts, and milk alternatives. With almond, soy, and oat milk gaining traction, the dairy industry is at the cusp of innovation, meeting demands with plant-based offerings that echo the nutritional profile of traditional dairy.
Market Segmentation
The market can be divided based on product and region.Market Breakup by Product
- Bulk Raw Milk
- Butter
- Non-Fat Dry Milk
- Skim Milk Powder
- Dry Whole Milk
- Dry Buttermilk
- Natural Cheeses and Other Than Cottage Cheese
- American Cheese
- Italian Cheese
- Swiss Cheese
- Other (Speciality) Cheeses
- Cottage Cheese
- Sour Cream
- Packaged Fluid Milk Products
- Yoghurt
- Dry Whey Products
- Whey Protein Concentrates and Isolates
- Lactose
Market Breakup by Region
- China
- India
- South-East Asia
- Japan
- Australasia
- Others
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific dairy market. Some of the major players explored in the report are as follows:- Nestlé S.A.
- Dairy Farmers of America, Inc.
- Danone S.A.
- Land O’Lakes, Inc.
- The Kraft Heinz Company
- Amul (GCMMF)
- Yili Group
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market13 Value Chain Analysis15 Price Analysis12. Major Exporting Countries by Value13. Major Importing Countries by Value14. Major Exporting Countries by Volume15. Major Importing Countries by Volume16. Asia Pacific Dairy Market Structure
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Dairy Market Overview
9 Asia Pacific Raw Milk Market Analysis
10 Asia Pacific Dairy Market Analysis
11 Regional Analysis
12 Market Dynamics
14 Trade Data Analysis (HS Code: 04)
16 Competitive Landscape
17 Key Trends and Developments in the Market
1 Manufacturing Process
2 Project Requirement and Cost Analysis
List of Key Figures and Tables
Companies Mentioned
- Nestlé S.A
- Danone S.A.
- Dairy Farmers of America
- Land O'Lakes Inc.
- The Kraft Heinz Company
- Amul (GCMMF)
- Yili Group
Methodology
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