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

Asia-Pacific Dairy Ingredients Market is segmented by Type (Milk Powders, Milk Protein Concentrate & Milk Protein Isolate, Whey Ingredients, Lactose & Derivatives, and Others), Application (Bakery & Confectionery, Dairy Products, Infant Milk Formula, Sports & Clinical Nutrition, Other), and Geography

Market Snapshot

Asia-Pacific Dairy Ingredients Market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4.3 %

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Market Overview

Asia-Pacific dairy ingredients market is projected to grow at a CAGR of 4.3% during the forecast period, 2020 - 2025.

  • Improving living standards of the population, growth of the infant formula industry, increasing demand for health products, and healthy lifestyles of the consumers are driving the growth of the Asia-Pacific Dairy Ingredients Market.
  • Additionally, Asia-Pacific being an abundant reserve for dairy production in the world ensures plentiful supply to food processing industries at a very competitive price. These factors where on the one hand foster market studied, the aspects such as lactose intolerance, growing veganism are concerns anticipated to restrain the market in the forecast period.

Scope of the report

Asia-Pacific dairy ingredients market includes revenue generated through milk powders, milk protein concentrate & milk protein isolate, whey ingredients, lactose & derivatives, c, and others. By application the market is segmented into bakery & confectionery, dairy products, infant milk formula, sports & clinical nutrition, other. Additionally, the study covers market revenue in major countries of the regions Asia-Pacific that is India, China, Japan, and Australia.v

Type
Milk Powders
Milk Protein Concentrate & Milk Protein Isolate
Whey Ingredients
Dairy Blenders & Replacers
Others
Application
Bakery & Confectionery
Dairy Products
Infant Milk Formula
Sports & Clinical Nutrition
Others
By Geography
India
China
Japan
Australia
Rest of Asia-Pacific

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Key Market Trends

Milk Powder Held the Largest Market Share

The demand for dairy products in the Asian market is rising. Skimmed milk powder is largely used in the ice-cream industry which is pushing the market for skimmed milk products in Asia. For instance, as per the data revealed by the Food and Agricultural Organization, the consumption of fresh dairy products in India is expected to increase by 2.3% a year, reaching 108kg per capita in 2028. However, increasing prices of skimmed milk powder in the Indian market has resulted in the decline in milk procurement during winter, the peak producing season has triggered concern about supplies in summer, a lean season. This has led to rising demand for the creation of a buffer stock of skimmed milk powder. ​

Asia-Pacific Dairy Ingredients Market1

India Remains Fastest Growing Country

India being a nerve center of the global dairy industry, offers galore of opportunities to investors and entrepreneurs, willing to capitalize on one of the world's fastest-growing markets for milk and milk products. As a result, the dairy ingredient market in the country has been witnessing a surge in market entries followed by diversified product launches. ​Food companies in India are now more inclined to procure quality and differentiated raw materials to formulate their products, portraying promising opportunities for dairy ingredient manufacturers to emphasize in research and development sector and eventually come up with the exceptional products.​

Asia-Pacific Dairy Ingredients Market2

Competitive Landscape

Product innovation is a highly preferred strategy by companies to strengthen their market dominance. Major players, such as Arla Foods, Eurosérum, Saputo Inc, and Groupe Lactalis extensively focus on providing consumers with innovative offerings, combined with functional benefits in each of the product. ​Expansion is another strategy extensively used to strengthen their market dominance. Major players are constantly trying to expand their production facilities to accommodate the growing demand. ​

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 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 Industry Attractiveness - 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 Type

      1. 5.1.1 Milk Powders

      2. 5.1.2 Milk Protein Concentrate & Milk Protein Isolate

      3. 5.1.3 Whey Ingredients

      4. 5.1.4 Dairy Blenders & Replacers

      5. 5.1.5 Others

    2. 5.2 Application

      1. 5.2.1 Bakery & Confectionery

      2. 5.2.2 Dairy Products

      3. 5.2.3 Infant Milk Formula

      4. 5.2.4 Sports & Clinical Nutrition

      5. 5.2.5 Others

    3. 5.3 By Geography

      1. 5.3.1 India

      2. 5.3.2 China

      3. 5.3.3 Japan

      4. 5.3.4 Australia

      5. 5.3.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Position Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Arla Foods Ingredients Group

      2. 6.3.2 Euroserum SAS

      3. 6.3.3 Glanbia plc

      4. 6.3.4 Saputo Inc

      5. 6.3.5 Lactalis Ingredients

      6. 6.3.6 Hoogwegt Groep B.V.

      7. 6.3.7 Gujarat Cooperative Milk Marketing Federation

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

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

The Asia-Pacific Dairy Ingredients Market is growing at a CAGR of 4.3% over the next 5 years.

Arla Foods Ingredients Group, Eurosérum, Glanbia plc , Saputo Inc , LACTALIS Ingredients are the major companies operating in Asia-Pacific Dairy Ingredients Market.

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