Asia-Pacific Flavored Milk Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Asia-Pacific Flavored Milk Market is segmented by Type (Dairy-based and Plant-based), by Distribution Channel (Off-Trade and On-Trade), and by Geography.

Market Snapshot

Asia Pacific Flavored Milk Market Overview
Study Period: 2016 - 2026
Base Year: 2021
CAGR: 2.23 %
Asia Pacific Flavored Milk Market Key Players

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Market Overview

The Asia-Pacific flavored milk market is projected to register a CAGR of 2.23% during the forecast period (2020 - 2025).

  • The market is primarily driven by the desire for nutritious and healthy food, which is prompting consumers to turn to nutrient-rich milk products. Urbanization, rising prosperity, and the pace of modern life have increased 'on-the-go' consumption of ready-to-drink (RTD) beverages.
  • Consumers’ eagerness to try new food and drinks and them seeking indulgent eating and drinking experiences as a way of escaping the daily grind are also boosting sales in the region.
  • Despite the important nutrient contributions flavored milk makes to the diet, concerns about the potential effects of the added sugar and flavorings in flavored milk have raised questions regarding the role of flavored milk in a healthy diet.

Scope of the report

The Asia-Pacific flavored milk market is segmented by type into dairy-based and plant-based. By distribution channel, the market is segmented into Off-Trade and On-Trade. Off-trade is further segmented into supermarkets/hypermarkets, convenience stores, specialist stores, online retail stores, and other distribution channels. The report also involves the geographical segmentation of the market.

By Type
By Distribution Channel
Convenience Stores
Specialist Stores
Online Retail Stores
Other Distribution Channels
By Geography
Rest of Asia-Pacific

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Key Market Trends

Plant-based Diet is Gaining Popularity in the Region

Asia dominates the vegetarian market. There is a rising vegan population in Asia, in countries like Australia, which is among the fastest-growing vegan countries, globally, along with China. In addition, there is a high prevalence of lactose malabsorption in Southeast Asian countries compared to other parts of the world. This has led to a large segment of consumers opting for dairy alternatives that are free from lactose, hence, boosting the sales of the market. Developed markets in regions, such as Japan, have introduced certifications for dairy alternative ingredients. Foods for specified health use (FOSHU) are functional foods containing ingredients approved by the Ministry of Health, Labour and Welfare. Japan helps to promote health or control conditions, such as blood sugar and dental hygiene. Japanese are increasingly substituting these with dairy products, not only as a beverage but also as a cooking ingredient.

Asia Pacific Flavored Milk Market Key Trends

China Holds a Prominent Market Share

Flavored milk is a rapidly growing category, aiming for further business growth by developing new customers. In addition to the development of new products by major brands, local brands are also growing their product offerings in the country. Chinese consumers who are concerned about their overall wellbeing are driving the consumption of these products. Owing to favorable economical factors of the country, the key vendors are continuously trying to make their products different in terms of quality, ingredients, flavors, and packaging, in order to gain the competitive advantage. However, stringent government regulations regarding the import/export of dairy products are expected to hinder the growth of the market.

Asia Pacific Flavored Milk Market Growth Rate

Competitive Landscape

The Asia-Pacific flavored milk market is fragmented with the presence of a few key players, such as Nestlé SA, Hershey's, and Saputo Inc. Due to the dynamic nature of the market, it is highly competitive and fragmented. Companies also compete in terms of new variants of flavors and attractive packaging. There is ample scope for regional players to gain a competitive advantage, provided that they bring in substantial innovation at the ingredient and packaging levels.

Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    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


    1. 5.1 By Type

      1. 5.1.1 Dairy-based

      2. 5.1.2 Plant-based

    2. 5.2 By Distribution Channel

      1. 5.2.1 Off-Trade

        1. Supermarkets/Hypermarkets

        2. Convenience Stores

        3. Specialist Stores

        4. Online Retail Stores

        5. Other Distribution Channels

      2. 5.2.2 On-Trade

    3. 5.3 By Geography

      1. 5.3.1 China

      2. 5.3.2 India

      3. 5.3.3 Japan

      4. 5.3.4 Australia

      5. 5.3.5 Rest of Asia-Pacific


    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 Danone

      2. 6.4.2 Nestle SA

      3. 6.4.3 GCMMF

      4. 6.4.4 China Mengniu Dairy Company Limited

      5. 6.4.5 Hershey's

      6. 6.4.6 Meiji Holdings Co. Ltd

      7. 6.4.7 Lactalis Group (Parmalat SpA)

      8. 6.4.8 Saputo Inc.

    5. *List Not Exhaustive

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Frequently Asked Questions

The Asia-Pacific Flavored Milk Market market is studied from 2016 - 2026.

The Asia-Pacific Flavored Milk Market is growing at a CAGR of 2.23% over the next 5 years.

Danone, Nestle S.A,  Hershey’s   , Saputo Inc are the major companies operating in Asia-Pacific Flavored Milk Market.

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