Asia-Pacific Yogurt Market Size, Share & Trends Analysis Report by Product Type (Dairy-based and Non-dairy-based), by Category (Flavored and Non-flavored), and by Distribution Channel (Convenience Stores, Supermarkets/Hypermarkets, and Online Stores) Forecast Period (2020-2026).
The Asia-Pacific yogurt market is anticipated to at a CAGR of 6.5% during the forecast period. Asia-Pacific is the largest consumer of yogurt and correspondingly drives the global yogurt sector. Owing to its numerous health benefits, yogurt holds substantial attention among Asian consumers. A large portion of the regional pollution has lactose intolerance, and thus, finding yogurt a fairly better choice owing to its fermented nature, making it easily consumable.
Further, the increasing vegetarian and vegan population, disposable income, growing economy, among others are some of the key factors that have contributed to remarkable growth in the Asia-Pacific yogurt market in the past few years. A widespread move away from meat is witnessed not only in the US and the UK but in Asia-Pacific countries as well. While still in the early stages, the trend is infiltrating almost every country in the region, including meat-loving China. The outburst of the vegan population in developing economies has been a major factor in upsurging the plant-based yogurt market in the region.
The effects of the COVID-19 pandemic on the yogurt sector in the Asia-Pacific have been mixed. Due to the pandemic, the whole supply chain has been disrupted, which has caused a severe decline in the sales of organized retailing yogurt, however, in most of the countries, the lockdown has been lifted and retailing space (supermarkets/hypermarkets) are returning to normalcy, even with the presence of the COVID-19 pandemic.
The Asia-Pacific yogurt market is segmented based on product type, category, and distribution channel. Based on the product type, the yogurt market is segmented into dairy-based and non-dairy-based. Based on the category, the market is classified into flavored and non-flavored. Based on the distribution channel, the market is segmented into convenience stores, supermarkets/hypermarkets, and online stores.
Country-wise, the market is segmented into China, Japan, India, ASEAN, South Korea, and the Rest of Asia-Pacific. China is a global leader for dairy products and leads the market share in the region. India is expected to record quite a fast CAGR during the forecast period as an increasing number of individuals are exposed to newer diverse yogurt such as Greek yogurt. Additionally, India is predominantly a dairy consuming nation, which makes it a lucrative region for the yogurt market.
Research Methodology
The market study of the Asia-Pacific yogurt market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
1. Asia-Pacific Yogurt Market Research and Analysis by Product Type
2. Asia-Pacific Yogurt Market Research and Analysis by Category
3. Asia-Pacific Yogurt Market Research and Analysis by Distribution Channel
The Report Covers:
The Asia-Pacific yogurt market is anticipated to at a CAGR of 6.5% during the forecast period. Asia-Pacific is the largest consumer of yogurt and correspondingly drives the global yogurt sector. Owing to its numerous health benefits, yogurt holds substantial attention among Asian consumers. A large portion of the regional pollution has lactose intolerance, and thus, finding yogurt a fairly better choice owing to its fermented nature, making it easily consumable.
Further, the increasing vegetarian and vegan population, disposable income, growing economy, among others are some of the key factors that have contributed to remarkable growth in the Asia-Pacific yogurt market in the past few years. A widespread move away from meat is witnessed not only in the US and the UK but in Asia-Pacific countries as well. While still in the early stages, the trend is infiltrating almost every country in the region, including meat-loving China. The outburst of the vegan population in developing economies has been a major factor in upsurging the plant-based yogurt market in the region.
The effects of the COVID-19 pandemic on the yogurt sector in the Asia-Pacific have been mixed. Due to the pandemic, the whole supply chain has been disrupted, which has caused a severe decline in the sales of organized retailing yogurt, however, in most of the countries, the lockdown has been lifted and retailing space (supermarkets/hypermarkets) are returning to normalcy, even with the presence of the COVID-19 pandemic.
The Asia-Pacific yogurt market is segmented based on product type, category, and distribution channel. Based on the product type, the yogurt market is segmented into dairy-based and non-dairy-based. Based on the category, the market is classified into flavored and non-flavored. Based on the distribution channel, the market is segmented into convenience stores, supermarkets/hypermarkets, and online stores.
Country-wise, the market is segmented into China, Japan, India, ASEAN, South Korea, and the Rest of Asia-Pacific. China is a global leader for dairy products and leads the market share in the region. India is expected to record quite a fast CAGR during the forecast period as an increasing number of individuals are exposed to newer diverse yogurt such as Greek yogurt. Additionally, India is predominantly a dairy consuming nation, which makes it a lucrative region for the yogurt market.
Research Methodology
The market study of the Asia-Pacific yogurt market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
1. Asia-Pacific Yogurt Market Research and Analysis by Product Type
2. Asia-Pacific Yogurt Market Research and Analysis by Category
3. Asia-Pacific Yogurt Market Research and Analysis by Distribution Channel
The Report Covers:
- Comprehensive research methodology of the Asia-Pacific yogurt market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific yogurt market.
- Insights about market determinants which are stimulating the Asia-Pacific yogurt market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Ambrosial (Yili)
- Amul (Gujarat Cooperative Milk Marketing Federation, Ltd.)
- China Mengniu Dairy Co., Ltd.
- Danone S.A.
- Fonterra Co-operative Group, Ltd.
- Fraser & Neave Holdings Bhd
- General Mills, Inc.
- MARIGOLD (Malaysia Dairy Industries Pte Ltd.)
- Meiji Holdings Co., Ltd.
- Morinaga Milk Industry Co., Ltd.
- NamyangCo., Ltd.
- Nestlé S.A.
- Parag Milk Foods, Ltd.
- Yakult Honsha Co., Ltd.
