Asia-Pacific Yogurt Market Size

Statistics for the 2023 & 2024 Asia-Pacific Yogurt market size, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Yogurt size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.


Market Size of asia-pacific yogurt Industry

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Asia-Pacific Yogurt Market Summary
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Icons Lable Value Study Period 2017 - 2029 Market Size (2024) USD 47.67 Billion Market Size (2029) USD 63.96 Billion Largest Share by Distribution Channel Off-Trade CAGR (2024 - 2029) 6.05 % Largest Share by Country China

Major Players


*Disclaimer: Major Players sorted in no particular order

Key Players



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Asia-Pacific Yogurt Market Analysis

The Asia-Pacific Yogurt Market size is estimated at 47.67 billion USD in 2024, and is expected to reach 63.96 billion USD by 2029, growing at a CAGR of 6.05% during the forecast period (2024-2029).

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47.67 Billion

Market Size in 2024 (USD)

63.96 Billion

Market Size in 2029 (USD)

4.99 %

CAGR (2017-2023)

6.05 %

CAGR (2024-2029)

Largest Market by Country

50.39 %

value share, China, 2023

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The rising demand for value added and sustainable dairy products along with the rising lactose intolerant population in the country is largely captivating the segmental growth.

Largest Market by Distribution Channel

99.26 %

value share, Off-Trade, 2023

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Consumer preference for these channels is driven by seasonal offers, discounts on bulk purchases, and access to diversified products through a dedicated section of dairy products.

Largest Market by Country

12.24 %

Projected CAGR, India, 2024-2029

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The wider acceptance for yogurt to be lighter and more refreshing product and it's consideration as relatively healthier snack is largely driving the consumer acceptance in India

Fastest-growing Market by Distribution Channel

6.08 %

Projected CAGR, Off-Trade, 2024-2029

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The technological advancements making freedom to browse digital catalogs without any hurry in a priceless way is driving off-trade retail channels through Online stores.

Leading Market Player

16.25 %

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

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Inner Mongolia Yili Industrial Group Co. Ltd has gained a competitive edge over other players due to its extensive product portfolio with wider brand presence, along with its strategic moves toward innovation.

Strong presence of supermarkets and convenience stores further boosting the yogurt sales

  • In APAC, yogurt is consumed mainly through off-trade channels and is expected to witness a growth of 10.68% in 2023 over 2022. The growth can be attributed to the easy availability of a wide range of yogurts across retail foodservice channels. Among distribution channels, the off-trade segment dominates the Asia-Pacific yogurt market, with the supermarkets and hypermarkets sub-segment accounting for the highest share of 61.43% in the off-trade segment by value. The sub-segment accounting for the highest share is attributed to 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, including a wide range of yogurt varieties that are both imported and made locally.
  • In the Asia-Pacific region, consumers prefer away-from-home yogurt consumption as a go-to convenience food. Yogurt sales through the on-trade channel are anticipated to grow by USD 350.94 million in 2025, up from USD 288.52 million in 2021. The growth in the segment is attributed to increasing out-of-home consumption preferences. As of 2021, Indian consumers were eating out nearly seven times a month, and over 80% of the respondents stated that they would prefer affordable casual dining options and fast-service restaurants to eat out.
  • E-commerce is the fastest-growing channel for yogurt sales in the non-store retailing category in Asia-Pacific. The segment held a share of 4.81% in 2022 in the region. In 2020, 54% of Chinese customers preferred e-commerce for purchasing food products, including dairy. Group buying, live streaming, and discounts are all marketing campaigns being used to attract consumers toward e-commerce. In China, the popular e-commerce chains for yogurt sales include Tmall Global, JD Worldwide, and Pinduoduo.   
Asia-Pacific Yogurt 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 the region's major markets, followed by New Zealand and Japan. India and China collectively accounted for a 65.25% share of yogurt volume sales across the region in 2022. Yogurt is an ancient food and has been part of the daily diet for thousands of years across different regional countries. The key driving factors are the high production of raw milk, rising consumer preference for quality dairy products, and adequate industry regulations to facilitate the manufacturing and trading of dairy products.
  • The Government of India has permitted 100% FDI (Foreign Direct Investment) through the automatic route for food processing. The dairy industry records substantial FDIs, constituting about 40% of FDIs in the Indian food industry. India is also one of the largest yogurt-consuming countries, as it is the key component of many Indian cuisines.
  • Yogurt is the most widely consumed dairy product after milk in Japanese households and accounted for a 35% share of total 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. The average yard population of Japanese dairy farms reached 103 heads in 2022, recording a 5% Y-o-Y growth over 2021.
  • China is the fastest-growing yogurt market in Asia-Pacific. In China, yogurt sales value is anticipated to record a CAGR of 15.0% during the forecast period to reach a value of USD 73,009.32 million by the end of 2029. Fruit-flavored yogurts, such as strawberry, raspberry, and blueberry, are widely preferred among Chinese consumers.