Asia Pacific Dairy Market
The Asia Pacific dairy market is expected to reach USD 605.47 billion by 2031 from USD 359.22 billion in 2023, growing with a substantial CAGR of 7.3% % during the forecast period of 2024 to 2031.
Market Segmentation:
Asia-Pacific Dairy Market, By Product Type (Milk, Cheese, Butter, Yogurt, Dairy Desert, and Others), Brand Category (Branded and Private Label), Distribution Channel (Store-Based Retailing and Non-Store Retailing), By Countries (India, China, Japan, Australia, New Zealand, Indonesia, Thailand, Vietnam, Philippines, South Korea, Malaysia, Singapore, Rest of Asia-Pacific)– Industry Trends and Forecast to 2031
Overview of Asia-Pacific Dairy Market Dynamics:
Drivers
• Rising consumer demand for nutrient- rich diets
• Increasing popularity of organic and clean label dairy products
• Expanding distribution networks and retail channels
• Increased investments in dairy infrastructure
Restrains
• Increasing prevalence of lactose intolerance and dairy allergies
• High volatility of milk and other raw material price and their availability
Opportunities
• Technological advancements in dairy farming and processing
• Rising innovations and new product launches in functional and nutrient enriched dairy products
Challenges
• Stringent standards and regulations for dairy products
• Increasing competition from plant- based dairy alternatives
Market Players:
The key market players operating in the Asia Pacific dairy market are listed below:
• DMK GROUP
• Dairy Farmers of America, Inc.
• Nestlé
• SAVENCIA SA
• Glanbia plc
• The Coca‑Cola Company
• Yeo Valley Organic Limited
• Arla Foods amba
• Parmalat S.p.A. (A subsidiary of LACTALIS)
• Dana Dairy
• Sodiaal
• Milcobel CV
• Unilever
• Danone
• Unternehmensgruppe
• Theo Müller
• Valio Oy
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