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.
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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.
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Asia-Pacific Yogurt Industry Market Segmentation
By Product Type
- Dairy-based
- Non-dairy-based
By Category
- Flavoured
- Non-flavoured
By Distribution Channel
- Convenience Stores
- Supermarkets/Hypermarkets
- Online Stores
Regional Analysis
- China
- India
- Japan
Rest of Asia-Pacific
Company Profiles
- 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.
- , Ltd.
- Nestlé S.A.
- Parag Milk Foods, Ltd.
- Yakult Honsha Co., Ltd.
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