Asia-Pacific Yogurt Market Size, Share, Trends & Forecast 2020-2026

Asia-Pacific yogurt market is estimated to witness a CAGR of 6.5% during the forecast period (2020-2026). With rapid economic growth, increasing urbanization, rising veganism, and accelerated integration into the global market, there has been a surge in the yogurt market in the Asia-Pacific. The countries in the Asia-Pacific are predominantly dairy consuming and holds a significant prospect for the growth of different yogurt types. Increasing focus on cruelty-free foods and products has been a major factor for the growth of plant-based yogurts in the Asia-Pacific.

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The yogurt options in supermarkets/hypermarkets in the 1st, 2nd, as well as third-tier cities of developing nations such as China and India have skyrocketed in the past few years. Individuals are increasingly exposed to such products and are buying these as purchasing patterns among consumers change. Growth witnessed in this sector across the region has resulted in the emergence of established dairy players into the market, offering new flavors and products.

Dairy and non-dairy giants in developed countries have been looking to seek opportunities overseas, such as in the Asia-Pacific, responding to the impact of increasing domestic competition. Tapping on the opportunities overseas has been supported by the liberalization of rules relevant to FDI (Foreign Direct Investment) in numerous countries. However, as the Asia-Pacific being the highest growing economies and holding the maximum potential growth for the yogurt market, the developments have not been driven only by international retailers, the past two years have also witnessed the emergence of national chains in the region.

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Market Coverage

  • The market number available for – 2019-2026
  • Base year- 2019
  • Forecast period- 2020-2026
  • Segment Covered- by Product Type, Category, and Distribution Channel
  • Countries Covered- China, India, Japan, and Rest of Asia-Pacific
  • Competitive Landscape- Amul (GCMMF), China Mengniu Dairy Company Limited, Fonterra Co-operative Group Limited, Seoul Dairy Cooperative, and Yakult Honsha Co., Ltd.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment/region dominates the market in the base year?
  • Which segment/region will project the fastest growth in the market?
  • How COVID-19 impacted the market?
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Asia-Pacific Yogurt Market Report Segment

By Product Type

  • Dairy-based
  • Non-dairy-based

By Category

  • Flavored
  • Non-flavored

By Distribution Channel

  • Convenience Stores
  • Supermarkets/Hypermarkets
  • Online Stores

Asia-Pacific Yogurt Market Report Segment

  • China
  • Japan
  • India
  • 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.
  • NamyangCo., Ltd.
  • Nestlé S.A.
  • Parag Milk Foods, Ltd.
  • Yakult Honsha Co., Ltd.

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