Asia-Pacific Dairy Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Asia-Pacific Dairy Market is segmented by Category (Butter, Cheese, Cream, Dairy Desserts, Milk, Sour Milk Drinks, Yogurt), by Distribution Channel (Off-Trade, On-Trade) and by Country (Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, South Korea). Market Value in USD and Volume are both presented. Key Data Points observed include Per capita consumption; Population; and Dairy production.

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Asia-Pacific Dairy Market Size

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Asia-Pacific Dairy Market Summary
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 181.38 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 228.86 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Distribution Channel Off-Trade
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 4.76 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country China

Major Players

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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Asia-Pacific Dairy Market Analysis

The Asia-Pacific Dairy Market size is estimated at 181.38 billion USD in 2024, and is expected to reach 228.86 billion USD by 2029, growing at a CAGR of 4.76% during the forecast period (2024-2029).

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181.38 Billion

Market Size in 2024 (USD)

228.86 Billion

Market Size in 2029 (USD)

3.21 %

CAGR (2017-2023)

4.76 %

CAGR (2024-2029)

Largest Market by Category

54.41 %

value share, Milk, 2023

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The region is home to countries with the largest dairy production and consumption, with India being the highest milk producer, ranking first globally, is driving the growth of the dairy market.

Largest Market by Country

37.95 %

value share, China, 2023

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The support from the Chinese government is actively pushing the consumption of dairy products in the region with constant push with its health and nutritional benefits.

Fastest-growing Market by Category

6.05 %

Projected CAGR, Yogurt, 2024-2029

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With the advent of functional products, and the emphasis on low-calorie, low-sugar, digestive products, the yogurt segment is anticipated to be the fastest segment in the forecasted period.

Fastest-growing Market by Country

6.61 %

Projected CAGR, India, 2024-2029

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Dairy consumption in India is anticipated to increase with a rise in health and wellness awareness leading to increasing acceptance towards healthier and functional products.

Leading Market Player

9.64 %

market share, Inner Mongolia Yili Industrial Group Co. Ltd, 2022

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The stringent food safety aspects followed by the manufacturer along with innovation in product categories is largely driving the Inner Mongolia Yili Industrial Group Co Ltd's dominance in the market.

Widespread adoption of distribution channels, led by remarkable sales through supermarkets and hypermarkets is propelling the growth

  • Among overall distribution channels, the Asia-Pacific dairy market is dominated by the off-trade segment. Supermarkets and hypermarkets accounted for most of the share in the off-trade segment. In 2022, supermarkets and hypermarkets accounted for 57.9% of the value share. The major reason behind the segment holding the highest share is the strong penetration of popular chains such as Maruetsu, Aldi, Big Bazaar, Woolworths Group, and Aeon Retail, which provide a wide selection of dairy products that are both imported and made locally.
  • There is an increasing demand for dairy-based recipes from foodservice channels, further boosting the market growth. Dairy sales in the on-trade channel are anticipated to grow by USD 17,104.2 million in 2025, up from USD 14,932.6 million in 2021. The growth in the segment is attributed to consuming food prepared away from home, whether while eating out at a restaurant or ordering takeout. As of 2021, Indian consumers were eating out nearly seven times a month, and over 80% of the respondents stated that they preferred affordable casual dining options and quick-service restaurants to eat out, while cafes, desserts, and ice-cream parlors were the most frequented.
  • When it comes to online shopping, the Asia-Pacific region is one of the largest markets in the world. Thus, online retail stores as a sales channel are gaining popularity across the region. In 2022, the sales value of dairy products through e-commerce in the Asia-Pacific region reached a total of USD 6028.7 million, while it was USD 5618.3 million in 2021.
  • Among all dairy products, milk accounted for the majority of share in overall retail channels. In 2022, milk accounted for 55% of the total category, and yogurt stood in second place with 29.2% of the value share.
Asia-Pacific Dairy Market

High production of raw milk and rising consumer preference for quality dairy products are key market drivers in the region

  • India and China are identified as the region's major markets for the dairy industry, followed by New Zealand and Japan. India and China collectively accounted for a 65.25% share of the overall dairy products volume sales across the region in 2022. The key driving factors are the high production of raw milk, rising consumer preference for quality dairy products, and adequate industry regulation to facilitate the manufacturing and trading of dairy products. The Government of India has permitted 100% FDI (Foreign Direct Investment) through an automatic route for food processing. The dairy industry accounts for a substantial FDI contribution of about 40% of the total FDIs in the Indian food sector. Also, India is one of the largest milk-producing countries, contributing 24% of global milk production in 2021.
  • Milk and yogurt are the leading categories in the Japanese dairy market and collectively accounted for an 83.18% share of the overall dairy sales in 2022. The market growth in the country is attributed to the advancement of dairy farms. In Japan, dairy farms with 200 or more cows increased by 10% in 2022. Also, the average yard population of Japanese dairy farms reached 103 heads, a 5% Y-o-Y growth from 2021 to 2022. China is identified as the fastest-growing dairy market in Asia-Pacific. In China, dairy products' sales value is anticipated to register a CAGR of 9.21% during the forecast period to reach a market value of USD 123,925.48 million by the end of 2029.
  • Demand for healthy dairy variants such as no or reduced sugar, low-fat content, grass-fed, and organic products is anticipated to drive market growth in the region during the forecast period. Aquila Sustainable Farming Ltd (ASF), a supplier of certified A2 organic milk in New Zealand, converted four of its six portfolio farms to A2 organic in 2020.

Asia-Pacific Dairy Market Trends

Increasing consumer spending on healthy foods and beverages, along with the nutritional benefits associated with dairy products, is driving the growing demand for milk and milk products in developing countries like Japan, India, and Australia

  • Demand for milk and milk products in developing countries is growing with increasing consumer spending on healthy food and beverage products and rising awareness of the nutritional benefits associated with consuming different types of dairy products. For example, fresh milk in Japan is expected to become popular over the coming decades in line with growth in the Japanese dairy farming industry owing to the increased import of dairy products. In 2021, Japan's annual per capita expenditure on milk products amounted to around USD 39 on average.
  • With the growing adoption of Western culture and changing food habits, the demand for cheese has increased in India. There is strong demand from the fast-food industry as well, with foreign foodservice operators strategically expanding their presence. In 2021, India had 14,095 Domino's Pizza outlets, which had grown from 830 in 2014.
  • Yogurt is referred to as curd in India. There is a high consumption of plain yogurt as it is typically consumed as part of a meal or refreshment by the Indian population in their daily routine. The per capita yogurt consumption in India increased by 5.2% in 2023-2024, whereas in Australia, it rose by 1.2% over the same period. The ice cream market in Asia is growing, with brands tapping into growing trends revolving around indulgence and a health perspective. For example, per capita consumption of ice cream in India grew by 5.90% in 2023-2024. Rising consumer expenditure in the food and beverage industry, the introduction of new flavors, increasing impulse purchasing, and strong demand for healthy ice cream products among consumers are some of the primary factors driving the consumption of ice cream.
Asia-Pacific Dairy Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Initiatives by government agencies across regional countries significantly driving butter production
  • Support from various government agencies and increasing herd count in the region are boosting the production of milk
  • Cheese production in countries such as Australia and Japan is driving the market segment

Asia-Pacific Dairy Industry Overview

The Asia-Pacific Dairy Market is fragmented, with the top five companies occupying 23.06%. The major players in this market are China Mengniu Dairy Company Ltd, Gujarat Co-operative Milk Marketing Federation Ltd, Inner Mongolia Yili Industrial Group Co. Ltd, Karnataka Cooperative Milk Producers Federation Ltd and Yakult Honsha Co. Ltd (sorted alphabetically).

Asia-Pacific Dairy Market Leaders

  1. China Mengniu Dairy Company Ltd

  2. Gujarat Co-operative Milk Marketing Federation Ltd

  3. Inner Mongolia Yili Industrial Group Co. Ltd

  4. Karnataka Cooperative Milk Producers Federation Ltd

  5. Yakult Honsha Co. Ltd

Asia-Pacific Dairy Market Concentration

Other important companies include Dodla Dairy Ltd, Fonterra Co-operative Group Limited, Hatsun Agro Product Ltd, Meiji Dairies Corporation, Nestlé SA.

*Disclaimer: Major Players sorted in alphabetical order.

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Asia-Pacific Dairy Market News

  • September 2023: China Mengniu acquired organic infant formula producer Bellamy's Australia for USD 1 billion.
  • July 2022: Nestle launched Nescafe Gold Cappuccino ice cream in Malaysia.
  • July 2022: In order to produce fresh milk, infant formula, and cheese, Yili opened a dairy hub in the area where the business is based, in North China.

Free with this Report

We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the dairy industry. With the help of 45+ free charts, clients can access in-depth market analysis based on per capita consumption numbers and production data of raw materials for dairy, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on dairy, categories of dairy products, product types, etc., are available in the form of comprehensive reports as well as excel based data worksheets.

Asia-Pacific Dairy Market
Asia-Pacific Dairy Market
Asia-Pacific Dairy Market
Asia-Pacific Dairy Market

Asia-Pacific Dairy Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Per Capita Consumption

    2. 2.2. Raw Material/Commodity Production

      1. 2.2.1. Butter

      2. 2.2.2. Cheese

      3. 2.2.3. Milk

    3. 2.3. Regulatory Framework

    4. 2.4. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. Category

      1. 3.1.1. Butter

        1. 3.1.1.1. By Product Type

          1. 3.1.1.1.1. Cultured Butter

          2. 3.1.1.1.2. Uncultured Butter

      2. 3.1.2. Cheese

        1. 3.1.2.1. By Product Type

          1. 3.1.2.1.1. Natural Cheese

          2. 3.1.2.1.2. Processed Cheese

      3. 3.1.3. Cream

        1. 3.1.3.1. By Product Type

          1. 3.1.3.1.1. Double Cream

          2. 3.1.3.1.2. Single Cream

          3. 3.1.3.1.3. Whipping Cream

          4. 3.1.3.1.4. Others

      4. 3.1.4. Dairy Desserts

        1. 3.1.4.1. By Product Type

          1. 3.1.4.1.1. Cheesecakes

          2. 3.1.4.1.2. Frozen Desserts

          3. 3.1.4.1.3. Ice Cream

          4. 3.1.4.1.4. Mousses

          5. 3.1.4.1.5. Others

      5. 3.1.5. Milk

        1. 3.1.5.1. By Product Type

          1. 3.1.5.1.1. Condensed milk

          2. 3.1.5.1.2. Flavored Milk

          3. 3.1.5.1.3. Fresh Milk

          4. 3.1.5.1.4. Powdered Milk

          5. 3.1.5.1.5. UHT Milk

      6. 3.1.6. Sour Milk Drinks

      7. 3.1.7. Yogurt

        1. 3.1.7.1. By Product Type

          1. 3.1.7.1.1. Flavored Yogurt

          2. 3.1.7.1.2. Unflavored Yogurt

    2. 3.2. Distribution Channel

      1. 3.2.1. Off-Trade

        1. 3.2.1.1. Convenience Stores

        2. 3.2.1.2. Online Retail

        3. 3.2.1.3. Specialist Retailers

        4. 3.2.1.4. Supermarkets and Hypermarkets

        5. 3.2.1.5. Others (Warehouse clubs, gas stations, etc.)

      2. 3.2.2. On-Trade

    3. 3.3. Country

      1. 3.3.1. Australia

      2. 3.3.2. China

      3. 3.3.3. India

      4. 3.3.4. Indonesia

      5. 3.3.5. Japan

      6. 3.3.6. Malaysia

      7. 3.3.7. New Zealand

      8. 3.3.8. Pakistan

      9. 3.3.9. South Korea

      10. 3.3.10. Rest of Asia Pacific

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. China Mengniu Dairy Company Ltd

      2. 4.4.2. Dodla Dairy Ltd

      3. 4.4.3. Fonterra Co-operative Group Limited

      4. 4.4.4. Gujarat Co-operative Milk Marketing Federation Ltd

      5. 4.4.5. Hatsun Agro Product Ltd

      6. 4.4.6. Inner Mongolia Yili Industrial Group Co. Ltd

      7. 4.4.7. Karnataka Cooperative Milk Producers Federation Ltd

      8. 4.4.8. Meiji Dairies Corporation

      9. 4.4.9. Nestlé SA

      10. 4.4.10. Yakult Honsha Co. Ltd

  7. 5. KEY STRATEGIC QUESTIONS FOR DAIRY AND DAIRY ALTERNATIVE CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PER CAPITA CONSUMPTION OF MILK, BUTTER, CHEESE, KG, ASIA-PACIFIC, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION OF BUTTER, METRIC TONNES, ASIA-PACIFIC, 2017 - 2021
  1. Figure 3:  
  2. PRODUCTION OF CHEESE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2021
  1. Figure 4:  
  2. PRODUCTION OF MILK, METRIC TONNES, ASIA-PACIFIC, 2017 - 2021
  1. Figure 5:  
  2. VOLUME OF DAIRY, METRIC TONNES, BY ASIA-PACIFIC, 2017 - 2029
  1. Figure 6:  
  2. VALUE OF DAIRY, USD, BY ASIA-PACIFIC, 2017 - 2029
  1. Figure 7:  
  2. VOLUME OF DAIRY MARKET BY CATEGORY, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 8:  
  2. VALUE OF DAIRY MARKET BY CATEGORY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 9:  
  2. VOLUME SHARE OF DAIRY MARKET, BY CATEGORY , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 10:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 11:  
  2. VOLUME OF DAIRY MARKET BY PRODUCT TYPE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 12:  
  2. VALUE OF DAIRY MARKET BY PRODUCT TYPE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 13:  
  2. VOLUME SHARE OF DAIRY MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 14:  
  2. VALUE SHARE OF DAIRY MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 15:  
  2. VOLUME OF CULTURED BUTTER MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF CULTURED BUTTER MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF CULTURED BUTTER MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 18:  
  2. VOLUME OF UNCULTURED BUTTER MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF UNCULTURED BUTTER MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF UNCULTURED BUTTER MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 21:  
  2. VOLUME OF DAIRY MARKET BY PRODUCT TYPE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF DAIRY MARKET BY PRODUCT TYPE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 23:  
  2. VOLUME SHARE OF DAIRY MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 24:  
  2. VALUE SHARE OF DAIRY MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 25:  
  2. VOLUME OF NATURAL CHEESE MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF NATURAL CHEESE MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 27:  
  2. VALUE SHARE OF NATURAL CHEESE MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 28:  
  2. VOLUME OF PROCESSED CHEESE MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 29:  
  2. VALUE OF PROCESSED CHEESE MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 30:  
  2. VALUE SHARE OF PROCESSED CHEESE MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 31:  
  2. VOLUME OF DAIRY MARKET BY PRODUCT TYPE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF DAIRY MARKET BY PRODUCT TYPE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 33:  
  2. VOLUME SHARE OF DAIRY MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 34:  
  2. VALUE SHARE OF DAIRY MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 35:  
  2. VOLUME OF DOUBLE CREAM MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 36:  
  2. VALUE OF DOUBLE CREAM MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 37:  
  2. VALUE SHARE OF DOUBLE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 38:  
  2. VOLUME OF SINGLE CREAM MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 39:  
  2. VALUE OF SINGLE CREAM MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 40:  
  2. VALUE SHARE OF SINGLE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 41:  
  2. VOLUME OF WHIPPING CREAM MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF WHIPPING CREAM MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF WHIPPING CREAM MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 44:  
  2. VOLUME OF OTHERS MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF OTHERS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 46:  
  2. VALUE SHARE OF OTHERS MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 47:  
  2. VOLUME OF DAIRY MARKET BY PRODUCT TYPE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 48:  
  2. VALUE OF DAIRY MARKET BY PRODUCT TYPE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 49:  
  2. VOLUME SHARE OF DAIRY MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 50:  
  2. VALUE SHARE OF DAIRY MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 51:  
  2. VOLUME OF CHEESECAKES MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 52:  
  2. VALUE OF CHEESECAKES MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 53:  
  2. VALUE SHARE OF CHEESECAKES MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 54:  
  2. VOLUME OF FROZEN DESSERTS MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 55:  
  2. VALUE OF FROZEN DESSERTS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 56:  
  2. VALUE SHARE OF FROZEN DESSERTS MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 57:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 58:  
  2. VALUE OF ICE CREAM MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 59:  
  2. VALUE SHARE OF ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 60:  
  2. VOLUME OF MOUSSES MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 61:  
  2. VALUE OF MOUSSES MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 62:  
  2. VALUE SHARE OF MOUSSES MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 63:  
  2. VOLUME OF OTHERS MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 64:  
  2. VALUE OF OTHERS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 65:  
  2. VALUE SHARE OF OTHERS MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 66:  
  2. VOLUME OF DAIRY MARKET BY PRODUCT TYPE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 67:  
  2. VALUE OF DAIRY MARKET BY PRODUCT TYPE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 68:  
  2. VOLUME SHARE OF DAIRY MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 69:  
  2. VALUE SHARE OF DAIRY MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 70:  
  2. VOLUME OF CONDENSED MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 71:  
  2. VALUE OF CONDENSED MILK MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 72:  
  2. VALUE SHARE OF CONDENSED MILK MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 73:  
  2. VOLUME OF FLAVORED MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 74:  
  2. VALUE OF FLAVORED MILK MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 75:  
  2. VALUE SHARE OF FLAVORED MILK MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 76:  
  2. VOLUME OF FRESH MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 77:  
  2. VALUE OF FRESH MILK MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 78:  
  2. VALUE SHARE OF FRESH MILK MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 79:  
  2. VOLUME OF POWDERED MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 80:  
  2. VALUE OF POWDERED MILK MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 81:  
  2. VALUE SHARE OF POWDERED MILK MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 82:  
  2. VOLUME OF UHT MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 83:  
  2. VALUE OF UHT MILK MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 84:  
  2. VALUE SHARE OF UHT MILK MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 85:  
  2. VOLUME OF SOUR MILK DRINKS MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 86:  
  2. VALUE OF SOUR MILK DRINKS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 87:  
  2. VALUE SHARE OF SOUR MILK DRINKS MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 88:  
  2. VOLUME OF DAIRY MARKET BY PRODUCT TYPE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 89:  
  2. VALUE OF DAIRY MARKET BY PRODUCT TYPE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 90:  
  2. VOLUME SHARE OF DAIRY MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 91:  
  2. VALUE SHARE OF DAIRY MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 92:  
  2. VOLUME OF FLAVORED YOGURT MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 93:  
  2. VALUE OF FLAVORED YOGURT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 94:  
  2. VALUE SHARE OF FLAVORED YOGURT MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 95:  
  2. VOLUME OF UNFLAVORED YOGURT MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 96:  
  2. VALUE OF UNFLAVORED YOGURT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 97:  
  2. VALUE SHARE OF UNFLAVORED YOGURT MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 98:  
  2. VOLUME OF DAIRY MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 99:  
  2. VALUE OF DAIRY MARKET BY DISTRIBUTION CHANNEL, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 100:  
  2. VOLUME SHARE OF DAIRY MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 101:  
  2. VALUE SHARE OF DAIRY MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 102:  
  2. VOLUME OF DAIRY MARKET BY SUB DISTRIBUTION CHANNELS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 103:  
  2. VALUE OF DAIRY MARKET BY SUB DISTRIBUTION CHANNELS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 104:  
  2. VOLUME SHARE OF DAIRY MARKET, BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 105:  
  2. VALUE SHARE OF DAIRY MARKET, BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 106:  
  2. VOLUME OF DAIRY MARKET SOLD VIA CONVENIENCE STORES, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 107:  
  2. VALUE OF DAIRY MARKET SOLD VIA CONVENIENCE STORES, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 108:  
  2. VALUE SHARE OF DAIRY MARKET, SOLD VIA CONVENIENCE STORES, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 109:  
  2. VOLUME OF DAIRY MARKET SOLD VIA ONLINE RETAIL, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 110:  
  2. VALUE OF DAIRY MARKET SOLD VIA ONLINE RETAIL, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 111:  
  2. VALUE SHARE OF DAIRY MARKET, SOLD VIA ONLINE RETAIL, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 112:  
  2. VOLUME OF DAIRY MARKET SOLD VIA SPECIALIST RETAILERS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 113:  
  2. VALUE OF DAIRY MARKET SOLD VIA SPECIALIST RETAILERS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 114:  
  2. VALUE SHARE OF DAIRY MARKET, SOLD VIA SPECIALIST RETAILERS, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 115:  
  2. VOLUME OF DAIRY MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 116:  
  2. VALUE OF DAIRY MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 117:  
  2. VALUE SHARE OF DAIRY MARKET, SOLD VIA SUPERMARKETS AND HYPERMARKETS, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 118:  
  2. VOLUME OF DAIRY MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 119:  
  2. VALUE OF DAIRY MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 120:  
  2. VALUE SHARE OF DAIRY MARKET, SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 121:  
  2. VOLUME OF DAIRY MARKET SOLD VIA ON-TRADE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 122:  
  2. VALUE OF DAIRY MARKET SOLD VIA ON-TRADE, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 123:  
  2. VALUE SHARE OF DAIRY MARKET, SOLD VIA ON-TRADE, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 124:  
  2. VOLUME OF DAIRY MARKET BY COUNTRY, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
  1. Figure 125:  
  2. VALUE OF DAIRY MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 126:  
  2. VOLUME SHARE OF DAIRY MARKET, BY COUNTRY , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 127:  
  2. VALUE SHARE OF DAIRY MARKET, BY COUNTRY , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
  1. Figure 128:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, AUSTRALIA, 2017 - 2029
  1. Figure 129:  
  2. VALUE OF DAIRY MARKET, USD, AUSTRALIA, 2017 - 2029
  1. Figure 130:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, AUSTRALIA, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 131:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, CHINA, 2017 - 2029
  1. Figure 132:  
  2. VALUE OF DAIRY MARKET, USD, CHINA, 2017 - 2029
  1. Figure 133:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, CHINA, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 134:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, INDIA, 2017 - 2029
  1. Figure 135:  
  2. VALUE OF DAIRY MARKET, USD, INDIA, 2017 - 2029
  1. Figure 136:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, INDIA, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 137:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, INDONESIA, 2017 - 2029
  1. Figure 138:  
  2. VALUE OF DAIRY MARKET, USD, INDONESIA, 2017 - 2029
  1. Figure 139:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, INDONESIA, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 140:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, JAPAN, 2017 - 2029
  1. Figure 141:  
  2. VALUE OF DAIRY MARKET, USD, JAPAN, 2017 - 2029
  1. Figure 142:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, JAPAN, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 143:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, MALAYSIA, 2017 - 2029
  1. Figure 144:  
  2. VALUE OF DAIRY MARKET, USD, MALAYSIA, 2017 - 2029
  1. Figure 145:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, MALAYSIA, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 146:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, NEW ZEALAND, 2017 - 2029
  1. Figure 147:  
  2. VALUE OF DAIRY MARKET, USD, NEW ZEALAND, 2017 - 2029
  1. Figure 148:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, NEW ZEALAND, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 149:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, PAKISTAN, 2017 - 2029
  1. Figure 150:  
  2. VALUE OF DAIRY MARKET, USD, PAKISTAN, 2017 - 2029
  1. Figure 151:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, PAKISTAN, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 152:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
  1. Figure 153:  
  2. VALUE OF DAIRY MARKET, USD, SOUTH KOREA, 2017 - 2029
  1. Figure 154:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, SOUTH KOREA, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 155:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, REST OF ASIA PACIFIC, 2017 - 2029
  1. Figure 156:  
  2. VALUE OF DAIRY MARKET, USD, REST OF ASIA PACIFIC, 2017 - 2029
  1. Figure 157:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, REST OF ASIA PACIFIC, ASIA-PACIFIC, 2022 VS 2029
  1. Figure 158:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017 - 2029
  1. Figure 159:  
  2. MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017 - 2029
  1. Figure 160:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022

Asia-Pacific Dairy Industry Segmentation

Butter, Cheese, Cream, Dairy Desserts, Milk, Sour Milk Drinks, Yogurt are covered as segments by Category. Off-Trade, On-Trade are covered as segments by Distribution Channel. Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, South Korea are covered as segments by Country.

  • Among overall distribution channels, the Asia-Pacific dairy market is dominated by the off-trade segment. Supermarkets and hypermarkets accounted for most of the share in the off-trade segment. In 2022, supermarkets and hypermarkets accounted for 57.9% of the value share. The major reason behind the segment holding the highest share is the strong penetration of popular chains such as Maruetsu, Aldi, Big Bazaar, Woolworths Group, and Aeon Retail, which provide a wide selection of dairy products that are both imported and made locally.
  • There is an increasing demand for dairy-based recipes from foodservice channels, further boosting the market growth. Dairy sales in the on-trade channel are anticipated to grow by USD 17,104.2 million in 2025, up from USD 14,932.6 million in 2021. The growth in the segment is attributed to consuming food prepared away from home, whether while eating out at a restaurant or ordering takeout. As of 2021, Indian consumers were eating out nearly seven times a month, and over 80% of the respondents stated that they preferred affordable casual dining options and quick-service restaurants to eat out, while cafes, desserts, and ice-cream parlors were the most frequented.
  • When it comes to online shopping, the Asia-Pacific region is one of the largest markets in the world. Thus, online retail stores as a sales channel are gaining popularity across the region. In 2022, the sales value of dairy products through e-commerce in the Asia-Pacific region reached a total of USD 6028.7 million, while it was USD 5618.3 million in 2021.
  • Among all dairy products, milk accounted for the majority of share in overall retail channels. In 2022, milk accounted for 55% of the total category, and yogurt stood in second place with 29.2% of the value share.
Category
Butter
By Product Type
Cultured Butter
Uncultured Butter
Cheese
By Product Type
Natural Cheese
Processed Cheese
Cream
By Product Type
Double Cream
Single Cream
Whipping Cream
Others
Dairy Desserts
By Product Type
Cheesecakes
Frozen Desserts
Ice Cream
Mousses
Others
Milk
By Product Type
Condensed milk
Flavored Milk
Fresh Milk
Powdered Milk
UHT Milk
Sour Milk Drinks
Yogurt
By Product Type
Flavored Yogurt
Unflavored Yogurt
Distribution Channel
Off-Trade
Convenience Stores
Online Retail
Specialist Retailers
Supermarkets and Hypermarkets
Others (Warehouse clubs, gas stations, etc.)
On-Trade
Country
Australia
China
India
Indonesia
Japan
Malaysia
New Zealand
Pakistan
South Korea
Rest of Asia Pacific
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Market Definition

  • Butter - Butter is a yellow-to-white solid emulsion of fat globules, water, and inorganic salts produced by churning the cream from cows’ milk
  • Dairy - Dairy product include milk and any of the foods made from milk, including butter, cheese, ice cream, yogurt, and condensed and dried milk.
  • Frozen Desserts - Frozen dairy dessert means and includes products containing milk or cream and other ingredients which are frozen or semi-frozen prior to consumption, such as ice milk or sherbet, including frozen dairy desserts for special dietary purposes, and sorbet
  • Sour Milk Drinks - Sour milk is thick, curdled milk, with a sour taste, obtained from the fermentation of milk. Sour milk drinks such as kefir, laban, buttermilk have been considered in the study
Keyword Definition
Cultured Butter Cultured butter is prepared by having the raw butter go through chemical processing and has been added with certain emulsifiers and foreign ingredients.
Uncultured Butter This type of butter is one which has not been processed in any way
Natural Cheese The type of cheese in its most natural form. It is made from natural and simple products and ingredients, including fresh and natural salts, natural colors, enzymes, and high-quality milk.
Processed Cheese Processed cheese undergoes the same processes as natural cheese; however, it requires more steps and many different forms of ingredients. Making processed cheese involves melting natural cheese, emulsifying it, and adding preservatives and other artificial ingredients or colorings.
Single Cream Single cream contains around 18% fat. It’s a single layer of cream that appears over boiled milk.
Double Cream Double cream contains 48% fat, more than double the amount of fat of single cream. It’s heavier and thicker than single cream
Whipping Cream This has a much higher fat percentage than single cream (36%). Used to top cakes, pies, and puddings and as a thickener for sauces, soups, and fillings.
Frozen Desserts Desserts that are meant to be eaten in frozen condition. E.g., sherbets, sorbets, frozen yogurts
UHT Milk (Ultra-high temperature milk) Milk heated at a very high temperature. Ultra-high-temperature processing (UHT) of milk involves heating for 1–8 sec at 135–154°C. which kills the spore-forming pathogenic microorganism, resulting in a product with a shelf-life of several months.
Non-dairy butter/Plant-based butter Butter made from plant-derived oil such as coconut, palm, etc.
Non-dairy Yogurt Yogurt made from typically made from nuts, like almonds, cashews, coconuts, and even other foods like soybeans, plantains, oats, and peas
On-trade It refers to restaurants, QSRs, and bars.
Off-trade It refers to supermarkets, hypermarkets, on-line channels, etc.
Neufchatel cheese One of the oldest kinds of cheese in France. It is a soft, slightly crumbly, mold-ripened, bloomy-rind cheese made in the Neufchâtel-en-Bray region of Normandy.
Flexitarian It refers to a consumer preferring a semi-vegetarian diet, that is centered on plant foods with limited or occasional inclusion of meat.
Lactose Intolerance Lactose intolerance is a reaction in digestive system to lactose, the sugar in milk. It causes uncomfortable symptoms in response to the consumption of dairy products.
Cream Cheese Cream cheese is a soft and creamy fresh cheese with a tangy taste made from milk and cream.
Sorbets Sorbet is a frozen dessert made using ice combined with fruit juice, fruit purée, or other ingredients, such as wine, liqueur, or honey.
Sherbet Sherbet is a sweetened frozen dessert made with fruit and some sort of dairy product such as milk or cream.
Shelf stable Foods that can be safely stored at room temperature, or "on the shelf," for at least one year and do not have to be cooked or refrigerated to eat safely.
DSD Direct Store Delivery is the process in supply chain management wherein the product is delivered from manufacturing plant directly to the retailer.
OU Kosher Orthodox Union Kosher is a kosher certification agency based in New York City.
Gelato Gelato is a frozen creamy dessert made with milk, heavy cream and sugar.
Grass-fed Cows Grass-fed cows are allowed to graze in pastures, where they eat a variety of grasses and clover.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.​
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.​
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.​
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Asia-Pacific Dairy Market Research FAQs

The Asia-Pacific Dairy Market size is expected to reach USD 181.38 billion in 2024 and grow at a CAGR of 4.76% to reach USD 228.86 billion by 2029.

In 2024, the Asia-Pacific Dairy Market size is expected to reach USD 181.38 billion.

China Mengniu Dairy Company Ltd, Gujarat Co-operative Milk Marketing Federation Ltd, Inner Mongolia Yili Industrial Group Co. Ltd, Karnataka Cooperative Milk Producers Federation Ltd and Yakult Honsha Co. Ltd are the major companies operating in the Asia-Pacific Dairy Market.

In the Asia-Pacific Dairy Market, the Off-Trade segment accounts for the largest share by distribution channel.

In 2024, China accounts for the largest share by country in the Asia-Pacific Dairy Market.

In 2023, the Asia-Pacific Dairy Market size was estimated at 181.38 billion. The report covers the Asia-Pacific Dairy Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Dairy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia-Pacific Dairy Industry Report

Statistics for the 2023 Asia-Pacific Dairy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Dairy analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Asia-Pacific Dairy Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029