Asia-Pacific Dairy Market Outlook Report - Market Size, Share Analysis and Forecast (2025-2034)

The Asia-Pacific dairy market size reached approximately USD 343.87 Billion in 2024. The market is projected to grow at a CAGR of 2.60% between 2025 and 2034, reaching a value of around USD 444.50 Billion by 2034.

Asia-Pacific is one of the leading dairy markets along with North America and Europe due to the vast expanse of the continent and a large local consumer market. China, India and other south-east Asian countries are the major markets in the region.

Market Segmentation

Dairy can be broadly defined to include drinking milk as well as other milk products like butter and margarine, cheese, and yoghurt, among others. Dairy products can be divided into drinking milk products, butter, cheeses, yoghurt and others. Currently, liquid milk is the highest consumed dairy product in Asia-Pacific. However, the region is fast catching up to new dairy product concepts such as sweetened or flavoured milk.

Market Breakup by Product

• Bulk Raw Milk
• Butter
• Non-Fat Dry Milk
• Skim Milk Powder
• Dry Whole Milk
• Dry Buttermilk
• Natural Cheeses and Other Than Cottage Cheese
• American Cheese
• Italian Cheese
• Swiss Cheese
• Other (Speciality) Cheeses
• Cottage Cheese
• Sour Cream
• Packaged Fluid Milk Products
• Yoghurt
• Dry Whey Products
• Whey Protein Concentrates & Isolates
• Lactose

Market Breakup by Region

• China
• India
• South-East Asia
• Japan
• Australasia

Dairy products find extensive application in the food and beverages sector. The yoghurt market in Asia-Pacific is seeing a growth with rising concerns about health and fitness. Dairy protein is also seeing increasing demand due to its health and nutritional benefits.

Market Analysis

The growing disposable income of the consumers is one of the major drivers of the Asia-Pacific dairy market. Rapid urbanisation and a growing awareness of health and wellness have also aided the market growth. Cheese is proving to be a popular product in the continent due to the rising income of the consumers. Other traditional products such as yoghurt, curd and cottage cheese are widely consumed, especially in the sub-continent, and are poised to remain popular for the coming years.

Currently, Asia-Pacific holds the highest demand for dairy products in the world market. The consumption of dairy products has doubled in the last 30 years due to a rapidly growing population and a rising middle class.

China is the largest market in the region. The per capita consumption of dairy in Indonesia, Philippines and Vietnam ranges between 14 to 15 kilograms, while the per capita consumption of the entire South-East Asia reached between 2 to 5 kilograms. In countries like Pakistan and India, where consumption of dairy and other dairy products is culturally ingrained, the market will see a continuing growth.

Competitive Landscape

The report analyses the following key players in the Asia-Pacific dairy market looking into their market share, capacity and latest development like capacity expansions, plant turnarounds, and mergers and acquisition.

• Nestlé S.A.
• Danone S.A.
• Dairy Farmers of America
• Land O'Lakes, Inc.
• The Kraft Heinz Company
• Amul (GCMMF)
• Yili Group

The comprehensive report analyses the trade data and price trends for the Asia-Pacific dairy market. It also provides a value chain analysis along with an analysis of Porter’s five forces.