Asia Pacific Milk Market 2024

Description

The milk market in Asia Pacific is likely to register a CAGR of over 5.7% with an incremental growth of USD 49.2 billion during the forecast period 2024-2029. 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.

The report delivers an in-depth analysis of the Asia Pacific milk industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product, distribution channel, and country. By offering this detailed analysis, the report assists in uncovering the untapped potential of the milk market.

Market Segmentation

The following outlines the segmentation of the milk market in Asia Pacific:
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 Asia Pacific milk market is segmented on the basis of product, distribution channel, and country. Based on product, the milk market in Asia Pacific is categorized into cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. On the basis of distribution channel, the milk market in Asia Pacific has been segmented into distribution channel, convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, small grocery stores, foodservice channels, e-commerce, and others. In terms of geographical distribution, the milk market in Asia Pacific has been divided into Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam, and others.

Competitive Landscape

The Asia Pacific milk market is highly competitive. Some of the leading companies operating in the market are 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).

This report delivers an in-depth breakdown of key players within the Asia Pacific milk market, outlining their performance from 2019 through 2023. The data reveals significant shifts in market share, highlighting both dominant players and emerging competitors. Armed with this information, businesses can sharpen their competitive edge, adjusting their strategies to navigate a shifting market landscape and positioning themselves for long-term growth.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Asia Pacific milk market.
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.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewAsia Pacific milk market – product analysis
Asia Pacific milk market – distribution channel analysis
Asia Pacific milk market – country analysis
Key players and market share
– 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
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table Asia Pacific milk market 2019-2029
Chart Asia Pacific milk market, net growth, 2019-2029
Chart Asia Pacific milk market, growth rates, 2019-2029
Table Asia Pacific milk market by product, 2019-2029
Chart Asia Pacific milk market by product, CAGR historic and forecast, 2019-2029
Chart Asia Pacific milk market by product, 2019-2029
Table Asia Pacific milk market by distribution channel, 2019-2029
Chart Asia Pacific milk market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Asia Pacific milk market by distribution channel, 2019-2029
Table Asia Pacific milk market by country, 2019-2029
Chart Asia Pacific milk market by country, CAGR historic and forecast, 2019-2029
Chart Asia Pacific milk market by country, 2019-2029
Table Asia Pacific milk market share (%), by companies, 2019-2023
Chart Asia Pacific milk market, by companies, 2023
Table Asia Pacific milk market share (%), by brands, 2019-2023
Chart Asia Pacific milk market, by brands, 2023
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)