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.
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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
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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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