Market Trends of asia-pacific dairy alternatives Industry
The consumption of dairy alternatives is on the rise across the region owing to a significant rise in the vegan population, coupled with a growing lactose-intolerant population
- The consumption of dairy alternatives is on the rise across the region owing to a significant rise in the vegan population, coupled with a growing lactose-intolerant population. In 2021, around 2.5 million people in South Korea followed a vegan diet. This has since increased significantly in the following two years and continues to grow. Similarly, Australia has the third-highest percentage of vegans per capita globally.
- Lactose intolerance is common in Asian countries, particularly in East Asia, where nearly 70-100% of the population has lactose intolerance. Cow milk allergy is one of the common food allergies in young children. Many Japanese consumers are lactose-intolerant and do not consume milk or milk products. As of 2022, in Australia, around one in 50 babies and young children showed signs of an allergy to cow's milk. Therefore, the demand for plant-based dairy products has increased gradually across the region.
- Among dairy alternatives, plant-based milk like soy and almond milk held the majority share across the regional market in 2022. China is the leading country across the region in terms of consumption of dairy alternatives milk. Among plant-based milk, soy drinks have traditionally been the most popular in China due to the country's long-standing tradition of soy consumption and its wide availability. In the Asia-Pacific region, the per capita consumption of non-dairy butter is estimated to increase by 3.45% in 2023-2024. The key motivations for consumers to adopt non-dairy butter are growing concerns for animals and sustainability, followed by a healthier change in dietary habits.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Production of non-dairy ingredients supported by the utilization of innovative sources for different products
