Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Beverage Type (Dairy Beverage, Non-Dairy Beverage), By Fermentation Type (Fermented, Non-Fermented), By Packaging (Paper Based, Glass Bottle, Plastic Bottle, Cans & Cartoons, Others), By Distribution Channel (Online, Offline) And Competitive Landscape
Product Code: ETC076103 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Milk Beverages Market is expected to register growth in the coming years. Robust economic growth and a large population base is driving the Asia-Pacific (APAC) region’s Milk beverages market. The consumption of milk in APAC region has historically been higher than the rest of the continents due to high consumption in China and India. By the reason of urbanization, increased wealth, and the pace of modern life immediately increased consumption of ‘on the go’ or ‘ready to go’ (RTG) beverages. The hike in the overall income of the consumer and the awareness related to the health benefits of Flavoured Dairy products are also augmenting the demand in this regional business. Furthermore, changes in consumers’ lifestyle products in the APAC. Also, changes in diet and population growth bring down the demand for whole milk and the increasing demand for functional dairy products creates a strong market position for the milk beverages industry. Due to the imposition of lockdown in most of the countries forcing shutdown and restrictions on operations of factories, shops etc has created gap in supply and demand. The milk beverages market has seen more disruptions because it is a perishable commodity. Factors like time and distance propose difficulty in transporting milk made products to wholesale food service markets since transportation services were totally shut down since lockdown. Moreover, rising health consciousness among the consumers to build immunity and sustain during the coronavirus outbreak, demand for healthy milk beverages have significantly improved over the year, and likely to improve in the forecast period as well.
According to 6Wresearch, Asia Pacific (APAC) Milk Beverages Market is expected to register growth throughout the forecast period 2021-2027. Milk beverages are on the verge of boosting in the country with high potential for new entrants, as the country has several local manufacturers of bacteria who are active in the local market, while other small players are working on maintaining standards to meet the global demand. Most Milk beverages, especially probiotics are consumed in the form of yogurts and fermented products. Consumers in the country are shifting their focus from the safety of food to the healthiness of food, implying a demand for added functional ingredients, such as probiotics. Thus, the milk beverages market is further driven by increasing awareness and interest in new technology, media coverage, and consumer demand in the country. Britannia Industries Limited (India), Gujarat Cooperative GCMMF (Amul), Fonterra Co-operative Group, Bright Dairy & Food Co., Ltd., Yakult Honsha Co. Ltd, and Mother Dairy Fruit & Vegetable Pvt. Ltd are some of the key players in the Asia Pacific region Milk beverages market.
The Asia-Pacific Milk beverage market is segmented by type, packaging, and by sales channels. By type the Milk beverage market is segmented into standard white milk, flavoured milk, drinking yoghurt, functional milk, and others. Standard white milk holds the highest share in the Asia Pacific Milk beverage market. However, due to rising competition of standard white milk with plant- dairy alternatives, food manufacturers are focusing more on the functional and probiotic drinks, which would offer additional health benefits compared to standard milk. Omega-3, fibres, bioactive compounds, and phytosterol are some of the functional components added to dairy beverage. By packaging type, the dairy based beverage market has been categorized into can, while by sales channel, the dairy- market has been segmented into convenience stores, supermarkets/hypermarkets, mass merchandisers, drug stores, food services/sports nutrition chain vending, and others.
The Asia Pacific Milk beverages market report thoroughly covers the market by product type and key countries such as China, India, South Korea, Japan, Australia, Thailand, Indonesia and rest of Asia Pacific. The Asia Pacific Milk beverages market outlook report provides an unbiased and detailed analysis of the on-going Milk beverages market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following segments:
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Milk Beverages Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Milk Beverages Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Milk Beverages Market - Industry Life Cycle |
3.4 Asia Pacific Milk Beverages Market - Porter's Five Forces |
3.5 Asia Pacific Milk Beverages Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Milk Beverages Market Revenues & Volume Share, By Beverage Type, 2020 & 2027F |
3.7 Asia Pacific Milk Beverages Market Revenues & Volume Share, By Fermentation Type, 2020 & 2027F |
3.8 Asia Pacific Milk Beverages Market Revenues & Volume Share, By Packaging, 2020 & 2027F |
3.9 Asia Pacific Milk Beverages Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
4 Asia Pacific Milk Beverages Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Milk Beverages Market Trends |
6 Asia Pacific Milk Beverages Market, 2017 - 2027 |
6.1 Asia Pacific Milk Beverages Market, Revenues & Volume, By Beverage Type, 2017 - 2027 |
6.2 Asia Pacific Milk Beverages Market, Revenues & Volume, By Fermentation Type, 2017 - 2027 |
6.3 Asia Pacific Milk Beverages Market, Revenues & Volume, By Packaging, 2017 - 2027 |
6.4 Asia Pacific Milk Beverages Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7 China Milk Beverages Market, 2017 - 2027 |
7.1 China Milk Beverages Market, Revenues & Volume, By Beverage Type, 2017 - 2027 |
7.2 China Milk Beverages Market, Revenues & Volume, By Fermentation Type, 2017 - 2027 |
7.3 China Milk Beverages Market, Revenues & Volume, By Packaging, 2017 - 2027 |
7.4 China Milk Beverages Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8 India Milk Beverages Market, 2017 - 2027 |
8.1 India Milk Beverages Market, Revenues & Volume, By Beverage Type, 2017 - 2027 |
8.2 India Milk Beverages Market, Revenues & Volume, By Fermentation Type, 2017 - 2027 |
8.3 India Milk Beverages Market, Revenues & Volume, By Packaging, 2017 - 2027 |
8.4 India Milk Beverages Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9 Japan Milk Beverages Market, 2017 - 2027 |
9.1 Japan Milk Beverages Market, Revenues & Volume, By Beverage Type, 2017 - 2027 |
9.2 Japan Milk Beverages Market, Revenues & Volume, By Fermentation Type, 2017 - 2027 |
9.3 Japan Milk Beverages Market, Revenues & Volume, By Packaging, 2017 - 2027 |
9.4 Japan Milk Beverages Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
10 Australia Milk Beverages Market, 2017 - 2027 |
10.1 Australia Milk Beverages Market, Revenues & Volume, By Beverage Type, 2017 - 2027 |
10.2 Australia Milk Beverages Market, Revenues & Volume, By Fermentation Type, 2017 - 2027 |
10.3 Australia Milk Beverages Market, Revenues & Volume, By Packaging, 2017 - 2027 |
10.4 Australia Milk Beverages Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
11 Indonesia Milk Beverages Market, 2017 - 2027 |
11.1 Indonesia Milk Beverages Market, Revenues & Volume, By Beverage Type, 2017 - 2027 |
11.2 Indonesia Milk Beverages Market, Revenues & Volume, By Fermentation Type, 2017 - 2027 |
11.3 Indonesia Milk Beverages Market, Revenues & Volume, By Packaging, 2017 - 2027 |
11.4 Indonesia Milk Beverages Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
12 Philippines Milk Beverages Market, 2017 - 2027 |
12.1 Philippines Milk Beverages Market, Revenues & Volume, By Beverage Type, 2017 - 2027 |
12.2 Philippines Milk Beverages Market, Revenues & Volume, By Fermentation Type, 2017 - 2027 |
12.3 Philippines Milk Beverages Market, Revenues & Volume, By Packaging, 2017 - 2027 |
12.4 Philippines Milk Beverages Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
13 Malaysia Milk Beverages Market, 2017 - 2027 |
13.1 Malaysia Milk Beverages Market, Revenues & Volume, By Beverage Type, 2017 - 2027 |
13.2 Malaysia Milk Beverages Market, Revenues & Volume, By Fermentation Type, 2017 - 2027 |
13.3 Malaysia Milk Beverages Market, Revenues & Volume, By Packaging, 2017 - 2027 |
13.4 Malaysia Milk Beverages Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
14 Rest of Asia Milk Beverages Market, 2017 - 2027 |
14.1 Rest of Asia Milk Beverages Market, Revenues & Volume, By Beverage Type, 2017 - 2027 |
14.2 Rest of Asia Milk Beverages Market, Revenues & Volume, By Fermentation Type, 2017 - 2027 |
14.3 Rest of Asia Milk Beverages Market, Revenues & Volume, By Packaging, 2017 - 2027 |
14.4 Rest of Asia Milk Beverages Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
11 Asia Pacific Milk Beverages Market Key Performance Indicators |
12 Asia Pacific Milk Beverages Market - Opportunity Assessment |
12.1 Asia Pacific Milk Beverages Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Asia Pacific Milk Beverages Market Opportunity Assessment, By Beverage Type, 2020 & 2027F |
12.3 Asia Pacific Milk Beverages Market Opportunity Assessment, By Fermentation Type, 2020 & 2027F |
12.4 Asia Pacific Milk Beverages Market Opportunity Assessment, By Packaging, 2020 & 2027F |
12.5 Asia Pacific Milk Beverages Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
13 Asia Pacific Milk Beverages Market - Competitive Landscape |
13.1 Asia Pacific Milk Beverages Market Revenue Share, By Companies, 2020 |
13.2 Asia Pacific Milk Beverages Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |