Asia-Pacific Dairy-Based Beverages Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Asia-Pacific Dairy-Based Beverages Market Analysis and it is segmented by Type (Milk, Yogurt, Kefir, and Others), by Category (Flavored and Unflavored drinks); by Distribution Channel (Supermarkets/Hypermarkets, Convenience stores, Specialty Stores, Online Channels, and Others); and by Geography.

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Asia-Pacific Dairy-Based Beverages Market Size

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asia pacific dairy based beverages market overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.10 %
Market Concentration Medium

Major Players

asia pacific dairy based beverages market key players

*Disclaimer: Major Players sorted in no particular order
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Asia-Pacific Dairy-Based Beverages Market Analysis

The Asia-Pacific dairy-based beverage market is projected to register a CAGR of 5.1% during the forecast period, 2020-2025.

  • The market is mainly driven by the value of nutrition and functional properties of milk, along with the rising demand for probiotic drinks by health-conscious consumers. Furthermore, recent launches of formulated functional products with new flavors have further fueled the global market, such as fortification of drinks with omega 3, collagen, aloe vera, plant sterols, and soy isoflavones. For instance, Morinaga Nutritional Foods Inc. launched a low-fat Japanese-style yogurt drink under its Alove brand in three flavors- original aloe vera, strawberry banana, and coconut in March 2018. Also, in 2018, Yakult Danone launched a new version of its signature probiotic drink in India.
  • However, rising demand for non-dairy based drinks and carbonated drinks due to lactose intolerance and other allergies is one of the factors restraining the global market for dairy-based beverages.

Asia-Pacific Dairy-Based Beverages Market Trends

This section covers the major market trends shaping the APAC Dairy Based Beverages Market according to our research experts:

Rising Demand for Probiotic Drinks in the Region

Dairy-based probiotics drinks majorly drive the demand for dairy-based beverages market, where, kefir and drinking yogurts are leading class of products that have witnessed enhanced sales in the past few years, boosting the overall market growth. Earlier, consumers associated probiotics with yogurt accounting for nearly 78% of probiotic sales as most of the probiotic strains were unable to survive in products outside the refrigerated dairy category. However, with technological advancements, companies, such as Ganedan have developed strains, like GanedenBC30 (Bacillus coagulans GBI-30, 6086). This has given the opportunity for manufacturers to come up with new probiotic product launches in categories, such as hot or cold beverages and other food products as well. Companies have been investing significantly in the probiotic drink market to differentiate their product portfolio in the market, particularly in terms of technological advancements. For instance, China-based company, Mengniu Group, has recently launched LC-37 utilizes powerful concentration technology, to substantially increase the number of probiotics- nearly 500 times more than the country standard.

asia pacific dairy based beverages market trends

China Market Holds the Major Share in the Asia-Pacific Region

Dairy-based beverages are on the verge of boosting in the country with high potential for new entrants, as the country has several local manufacturers of bacteria who are active in the local market, while other small players are working on maintaining standards to meet the global demand. The majority of dairy-based drinks, especially probiotics are consumed in the form of yogurts and fermented products (from soy to vegetables and even eggs). Consumers in the country are shifting their focus from the safety of food to the healthiness of food, implying a demand for added functional ingredients, such as probiotics. Thus, the dairy-based drinks market is further driven by increasing awareness and interest in new technology, media coverage, and consumer demand in the country.

asia pacific dairy based beverages market analysis

Asia-Pacific Dairy-Based Beverages Industry Overview

The Asia Pacific dairy-based beverages market is fragmented in nature owing to the presence of a large number of regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the country's market include GCMMF (Amul), Fonterra Co-operative Group, Bright Dairy & Food Co., Ltd., Yakult Honsha Co. Ltd, and Mother Dairy Fruit & Vegetable Pvt. Ltd., among others.

Asia-Pacific Dairy-Based Beverages Market Leaders

  1. GCMMF (Amul)

  2. Fonterra Co-operative Group

  3. Bright Dairy & Food Co., Ltd.

  4. Yakult Honsha Co. Ltd

  5. Mother Dairy Fruit & Vegetable Pvt. Ltd.

*Disclaimer: Major Players sorted in no particular order

GCMMF (Amul), Fonterra Co-operative Group, Bright Dairy & Food Co., Ltd., Yakult Honsha Co. Ltd, Mother Dairy Fruit & Vegetable Pvt. Ltd.
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Asia-Pacific Dairy-Based Beverages Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Milk

      2. 5.1.2 Yogurt

      3. 5.1.3 Kefir

      4. 5.1.4 Others

    2. 5.2 By Category

      1. 5.2.1 Flavoured Drink

      2. 5.2.2 Unflavored Drink

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarkets/hypermarkets

      2. 5.3.2 Convenience stores

      3. 5.3.3 Specialty Stores

      4. 5.3.4 Online Channels

      5. 5.3.5 Others

    4. 5.4 By Country

      1. 5.4.1 China

      2. 5.4.2 Japan

      3. 5.4.3 Australia

      4. 5.4.4 India

      5. 5.4.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 GCMMF (Amul)

      2. 6.4.2 Fonterra Co-operative Group

      3. 6.4.3 Bright Dairy & Food Co., Ltd.

      4. 6.4.4 Yakult Honsha Co. Ltd

      5. 6.4.5 Mother Dairy Fruit & Vegetable Pvt. Ltd.

      6. 6.4.6 Wadia Group (Britannia Industries Limited)

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Asia-Pacific Dairy-Based Beverages Industry Segmentation

The Asia Pacific dairy-based beverage market is segmented by type, category, and distribution channels. By type, the dairy beverage market is segmented into milk, yogurt, kefir, and others; and by category, into flavored and unflavored drinks. By distribution channel, the market has been segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online channels, and others. Also, the study provides an analysis of the dairy-based beverage market in the emerging and established markets across the Asia Pacific, including China, Japan, Australia, India, and Rest of Asia Pacific.

By Type
Milk
Yogurt
Kefir
Others
By Category
Flavoured Drink
Unflavored Drink
By Distribution Channel
Supermarkets/hypermarkets
Convenience stores
Specialty Stores
Online Channels
Others
By Country
China
Japan
Australia
India
Rest of Asia-Pacific
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Asia-Pacific Dairy-Based Beverages Market Research FAQs

The Asia Pacific Dairy Based Beverages Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)

GCMMF (Amul), Fonterra Co-operative Group, Bright Dairy & Food Co., Ltd., Yakult Honsha Co. Ltd and Mother Dairy Fruit & Vegetable Pvt. Ltd. are the major companies operating in the Asia Pacific Dairy Based Beverages Market.

The report covers the Asia Pacific Dairy Based Beverages Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Dairy Based Beverages Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Milk-Based Beverages Industry Report

Statistics for the 2024 Asia-Pacific Milk-Based Beverages market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Milk-Based Beverages analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia-Pacific Dairy-Based Beverages Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)