Asia Pacific Plant-based Dairy Market 2024

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Description

The Asia Pacific plant-based dairy market is on track for incremental growth of USD 3.7 billion, corresponding to a compound annual growth rate (CAGR) of nearly 4.3% throughout the forecast period of 2024 to 2029. Asia Pacific’s plant-based dairy market is driven by rising health awareness and increasing concerns over lactose intolerance among the population. Urbanization and rising disposable incomes are leading to a demand for premium and diverse dairy alternatives, especially among younger consumers. Additionally, plant-based milk alternatives, such as soy and almond milk, are gaining popularity as traditional diets evolve towards Western preferences.

The report provides a comprehensive analysis of the Asia Pacific plant-based dairy industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product type, distribution channel and country. The insights gained from this evaluation help reveal the growth potential within the plant-based dairy sector.

Market Segmentation

The segmentation of the Asia Pacific plant-based dairy market is outlined below:
Product type: plant-based milk, plant-based yoghurt, plant-based cheese
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, food & drinks stores, grocery stores, e-commerce, others
Country: Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam, others

The Asia Pacific market for plant-based dairy is divided based on product type, distribution channel and country. By product type, the market features plant-based milk, plant-based yoghurt, and plant-based cheese. Distribution channel segmentation includes convenience stores, forecourt stores, supermarkets and hypermarkets, food & drinks stores, grocery stores, e-commerce, and others. Geographically, the market is segmented into Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam and others.

Competitive Landscape

Key players dominating the plant-based dairy market include Zuming Bean Products Co. Ltd., Xiamen Huierkang Food Co. Ltd., Wanxiang Sannong Group Co. Ltd., VITASOY International Holdings Limited, Uni-President Enterprises Corporation, The Coca-Cola Company, Sahmyook Foods Co. Ltd., Quang Ngai Sugar Joint Stock Company, Meiraku Co. Ltd., Marusanai Co. Ltd., Maeil Dairies Co. Ltd., Lactasoy Co. Ltd., Kikkoman Corporation, Inner Mongolia Yili Industrial Group Co. Ltd., I-MEI Foods Co. Ltd., Hebei Yangyuan Zhihui Beverage Co. Ltd., Green Spot Co. Ltd., Fujian Dali Group Co. Ltd., FreeNow Food Co. Ltd., Ezaki Glico Co. Ltd., Dutch Mill Co. Ltd., Dr. Chung’s Food Co. Ltd., Coconut Palm Group Co. Ltd. and Blue Diamond Growers.

This report presents an extensive analysis of major entities in the plant-based dairy market, focusing on their performance from 2019 to 2023. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Asia Pacific plant-based dairy market.
Gain in-depth analysis and forecasts for the key segments of the Asia Pacific plant-based dairy market: product type, distribution channel and country.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Asia Pacific plant-based dairy market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Asia Pacific plant-based dairy 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
Report Scope
Research Methodology
Market Overview
Asia Pacific Plant-based Dairy Market – Product Type Analysis
Asia Pacific Plant-based Dairy Market – Distribution Channel Analysis
Asia Pacific Plant-based Dairy Market – Country Analysis
Key Players and Market Share
– Zuming Bean Products Co., Ltd.
– Xiamen Huierkang Food Co., Ltd.
– Wanxiang Sannong Group Co., Ltd.
– VITASOY International Holdings Limited
– Uni-President Enterprises Corporation
– The Coca-Cola Company
– Sahmyook Foods Co., Ltd.
– Quang Ngai Sugar Joint Stock Company
– Meiraku Co., Ltd.
…
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Asia Pacific Plant-based Dairy Market 2019-2029
Chart Asia Pacific Plant-based Dairy Market, Net Growth, 2019-2029
Chart Asia Pacific Plant-based Dairy Market, Growth Rates, 2019-2029
Table Asia Pacific Plant-based Dairy Market by Product Type, 2019-2029
Chart Asia Pacific Plant-based Dairy Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Plant-based Dairy Market by Product Type, 2019-2029
Table Asia Pacific Plant-based Dairy Market by Distribution Channel, 2019-2029
Chart Asia Pacific Plant-based Dairy Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Plant-based Dairy Market by Distribution Channel, 2019-2029
Table Asia Pacific Plant-based Dairy Market by Country, 2019-2029
Chart Asia Pacific Plant-based Dairy Market by Country, CAGR Historic and Forecast, 2019-2029
Chart Asia Pacific Plant-based Dairy Market by Country, 2019-2029
Table Asia Pacific Plant-based Dairy Market Share (%), by Companies, 2019-2023
Chart Asia Pacific Plant-based Dairy Market, by Companies, 2023
Table Asia Pacific Plant-based Dairy Market Share (%), by Brands, 2019-2023
Chart Asia Pacific Plant-based Dairy 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 Plant-based Dairy Market: Spend as a Proportion of GDP (%)
Table Asia Pacific Plant-based Dairy Market: Consumption per Capita (Population)

Companies Mentioned

Zuming Bean Products Co., Ltd.
Xiamen Huierkang Food Co., Ltd.
Wanxiang Sannong Group Co., Ltd.
VITASOY International Holdings Limited
Uni-President Enterprises Corporation
The Coca-Cola Company
Sahmyook Foods Co., Ltd.
Quang Ngai Sugar Joint Stock Company
Meiraku Co., Ltd.
Marusanai Co., Ltd.
Maeil Dairies Co., Ltd.
Lactasoy Co., Ltd.
Kikkoman Corporation
Inner Mongolia Yili Industrial Group Co., Ltd.
I-MEI Foods Co., Ltd.
Hebei Yangyuan Zhihui Beverage Co., Ltd.
Green Spot Co., Ltd.
Fujian Dali Group Co. Ltd.
FreeNow Food Co., Ltd.
Ezaki Glico Co., Ltd.
Dutch Mill Co., Ltd.
Dr. Chung’s Food Co., Ltd.
Coconut Palm Group Co., Ltd.
Blue Diamond Growers

Additional information

Product Type

Industry Statistics
Region

Asia Pacific
Published Date

2024

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