Asia Pacific Milk Market 2025

Anticipated trends indicate that the Asia Pacific milk market will achieve incremental growth of USD 49.2 billion, translating to a CAGR of around 5.7% during the forecast period of 2025 to 2030. The Asia Pacific milk market is propelled by rising disposable incomes and the growing middle class, particularly in emerging economies like China and India. As consumer purchasing power increases, there is a higher demand for premium and value-added dairy products, including fresh and flavored milk. Additionally, rapid urbanization and changing dietary patterns are leading to greater consumption of convenient, packaged milk products. Government initiatives to boost local dairy production and improve nutritional standards are also contributing to market growth, with several countries investing in dairy infrastructure and supply chain enhancements to meet rising demand.

Providing a strategic perspective on the Asia Pacific milk market, this report analyzes historical trends from 2020 to 2024 and forecasts market developments through 2030. It delves into market size, growth rates, and segment-level insights, uncovering the forces shaping the industry’s future. By examining product, distribution channel and country, the report delivers a robust framework for understanding market dynamics and identifying pathways for growth.

Market Segmentation

The Asia Pacific milk market is classified into the following segments:
Product: cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, powdered milk
Distribution channel: distribution channel, convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, small grocery stores, foodservice channels, e-commerce, others
Country: Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam, others

The segmentation of the Asia Pacific milk market product, distribution channel and country. By product, the market features cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. Distribution channel segments encompass distribution channel, convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, small grocery stores, foodservice channels, e-commerce, and others. Geographically, the market includes Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam, and others.

Competitive Landscape

Prominent players in the milk market include Want Want Holdings Limited, Vietnam Dairy Products Joint Stock Company (Vinamilk), The Punjab State Cooperative Milk Producers’ Federation Limited (MILKFED), The Hangzhou Wahaha Group Co. Ltd., TH Food Chain Joint Stock Company, Tamil Nadu Cooperative Milk Producers Federation Limited (TNCMPFL), Shijiazhuang Junlebao Dairy Co. Ltd., Seoul Dairy Cooperative Ltd., Royal FrieslandCampina N.V., Rajasthan Co-operative Dairy Federation Ltd., PT Ultrajaya Milk Industry & Trading Company Tbk, PT Indofood Sukses Makmur Tbk, New Hope Dairy Co. Ltd., Nestle S.A., National Dairy Development Board (NDDB), Morinaga Milk Industry Co. Ltd., Meiji Holdings Co. Ltd., Megmilk Snow Brand Co. Ltd., Maharashtra Rajya Sahakari Dudh Mahasangh Maryadit (MRSDMM), Maeil Dairies Co. Ltd., Lactalis South Africa (Pty) Ltd., Kerala Co-operative Milk Marketing Federation (KCMMF), Karnataka Cooperative Milk Producers Federation Ltd., Inner Mongolia Yili Industrial Group Co. Ltd., Heritage Foods Limited, Heilongjiang Wondersun Dairy Co. Ltd., Hatsun Agro Product Ltd., Hangzhou Adopt a Cow Biotechnology Co. Ltd., Gujarat Co-operative Milk Marketing Federation Limited (GCMMF), Guangdong Jiabao Group Co. Ltd., Food Wise Co. Ltd., Fonterra Co-operative Group Limited, China Mengniu Dairy Company Limited, Bright Food (Group) Co. Ltd., Beijing Sanyuan Foods Company Limited and Andhra Pradesh Dairy Development Cooperative Federation Limited (APDDCF).

This analysis offers a comprehensive overview of the main players in the milk market, evaluating their performance trends from 2020 to 2024. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Asia Pacific milk market.
Gain in-depth analysis and forecasts for the key segments of the Asia Pacific milk market: product, distribution channel and country.
Gain deep insights into the dynamics of the Asia Pacific milk market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Asia Pacific milk market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Asia Pacific Milk Market – Product Analysis
Asia Pacific Milk Market – Distribution Channel Analysis
Asia Pacific Milk Market – Country Analysis
Company Shares Analysis
Want Want Holdings Limited
Vietnam Dairy Products Joint Stock Company (Vinamilk)
The Punjab State Cooperative Milk Producers’ Federation Limited (MILKFED)
The Hangzhou Wahaha Group Co., Ltd.
TH Food Chain Joint Stock Company
Tamil Nadu Cooperative Milk Producers Federation Limited (TNCMPFL)
Shijiazhuang Junlebao Dairy Co., Ltd.
Seoul Dairy Cooperative Ltd.
Royal FrieslandCampina N.V.
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Asia Pacific Milk Market 2020-2030
Chart Asia Pacific Milk Market, Net Growth, 2020-2030
Chart Asia Pacific Milk Market, Growth Rates, 2020-2030
Table Asia Pacific Milk Market by Product, 2020-2030
Chart Asia Pacific Milk Market by Product, CAGR Historic and Forecast, 2020-2030
Chart Asia Pacific Milk Market by Product, 2020-2030
Table Asia Pacific Milk Market by Distribution Channel, 2020-2030
Chart Asia Pacific Milk Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Asia Pacific Milk Market by Distribution Channel, 2020-2030
Table Asia Pacific Milk Market by Country, 2020-2030
Chart Asia Pacific Milk Market by Country, CAGR Historic and Forecast, 2020-2030
Chart Asia Pacific Milk Market by Country, 2020-2030
Table Asia Pacific Milk Market Share (%), by Companies, 2020-2024
Chart Asia Pacific Milk Market, by Companies, 2024
Table Asia Pacific Milk Market Share (%), by Brands, 2020-2024
Chart Asia Pacific Milk Market, by Brands, 2024
Table Asia Pacific – Population (Millions) and Forecast
Table Asia Pacific – Consumer Price Index (CPI) and Forecast
Table Asia Pacific – Gross Domestic Product and Forecast
Table Asia Pacific Milk Market: Spend as a Proportion of GDP (%)
Table Asia Pacific Milk Market: Consumption per Capita (Population)

Companies Mentioned

Want Want Holdings Limited
Vietnam Dairy Products Joint Stock Company (Vinamilk)
The Punjab State Cooperative Milk Producers’ Federation Limited (MILKFED)
The Hangzhou Wahaha Group Co., Ltd.
TH Food Chain Joint Stock Company
Tamil Nadu Cooperative Milk Producers Federation Limited (TNCMPFL)
Shijiazhuang Junlebao Dairy Co., Ltd.
Seoul Dairy Cooperative Ltd.
Royal FrieslandCampina N.V.
Rajasthan Co-operative Dairy Federation Ltd.
PT Ultrajaya Milk Industry & Trading Company Tbk
PT Indofood Sukses Makmur Tbk
New Hope Dairy Co., Ltd.
Nestle S.A.
National Dairy Development Board (NDDB)
Morinaga Milk Industry Co., Ltd.
Meiji Holdings Co., Ltd.
Megmilk Snow Brand Co., Ltd.
Maharashtra Rajya Sahakari Dudh Mahasangh Maryadit (MRSDMM)
Maeil Dairies Co., Ltd.
Lactalis South Africa (Pty) Ltd.
Kerala Co-operative Milk Marketing Federation (KCMMF)
Karnataka Cooperative Milk Producers Federation Ltd.
Inner Mongolia Yili Industrial Group Co., Ltd.
Heritage Foods Limited
Heilongjiang Wondersun Dairy Co., Ltd.
Hatsun Agro Product Ltd.
Hangzhou Adopt a Cow Biotechnology Co., Ltd.
Gujarat Co-operative Milk Marketing Federation Limited (GCMMF)
Guangdong Jiabao Group Co., Ltd.
Food Wise Co., Ltd.
Fonterra Co-operative Group Limited
China Mengniu Dairy Company Limited
Bright Food (Group) Co., Ltd.
Beijing Sanyuan Foods Company Limited
Andhra Pradesh Dairy Development Cooperative Federation Limited (APDDCF)