Asia Pacific Dairy Based Beverages Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Asia-Pacific Dairy-Based Beverages Market 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.

Market Snapshot

Asia-Pacific Dairy Based Beverages Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 5.1 %

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Market Overview

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.

Scope of the report

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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Key Market Trends

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 Market1

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 Market2

Competitive Landscape

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.

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

**Subject to Availability

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Frequently Asked Questions

The Asia Pacific Dairy Based Beverages Market market is studied from 2016 - 2026.

The Asia Pacific Dairy Based Beverages Market is growing at a CAGR of 5.1% over the next 5 years.

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

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