Asia Pacific Dairy Market Report and Forecast 2024-2032

Asia Pacific Dairy Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), 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 EMR 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 by Expert Market Research 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

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.