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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Asia Pacific Dairy Market Size
The Asia Pacific dairy market reached approximately USD 335.16 billion in 2023. The market is projected to grow at a CAGR of 2.6% between 2024 and 2032, reaching a value of around USD 423.08 billion by 2032.
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.
Asia Pacific Dairy Market Report Snapshots
Asia Pacific Dairy Market Size
Asia Pacific Dairy Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The major drivers for the market include rising disposable incomes, increasing population, rapid urbanisation, and the rising food and beverage industry.
The rising awareness of health and wellness among consumers is expected to be a key trend guiding the growth of the market.
China, India, South-East Asia, Japan, and Australia, among others, are the major regional markets.
The major product types in the market include 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 and isolates, and lactose.
The key players in the market include Nestlé S.A, Danone S.A., Dairy Farmers of America, Land O'Lakes, Inc., The Kraft Heinz Company, Amul (GCMMF), and Yili Group, among others.
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