APAC Drinkable Yogurt Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Drinkable Yogurt Market Analysis
The Asia-Pacific drinkable yogurt market is forecasted to grow at a CAGR of 2.2% during the forecast period (2020-2025).
- The market for drinkable yogurt is mainly driven by the increasing demand for probiotic foods and healthier snacking products among health-conscious consumers, including both adults and children. Moreover, the demand for more protein, improved nutrition, and convenience are some other factors driving the demand for drinkable yogurt.
- In addition, the growing trend of convenience among consumers, owing to their busy lifestyle and preference for various flavors, enabled manufacturers to develop products with various flavors and convenient packaging. For instance, in 2018, Yili, a Chinese dairy company, launched its first ambient drinking yogurt with large fruit and cereal pieces using Tetra Pak technology. The product comes in Tetra Top 200 ml with large re-sealable screw caps.
- Furthermore, recent launches of formulated functional products with new flavors have further fueled the global market, such as drinkable yogurt fortified with omega 3, collagen, aloe vera, plant sterols, and soy isoflavones.
APAC Drinkable Yogurt Market Trends
This section covers the major market trends shaping the APAC Drinkable Yogurt Market according to our research experts:
Growing Demand for Probiotic Food & Beverages
The high prevalence of digestive disorders has benefitted the demand for probiotic food across various consumer groups. Drinkable yogurt, in different flavors, is the most preferred probiotic food. The progressive inclination of consumers in the Asia Pacific towards the digestive health-oriented products has driven probiotic food products in the country. This has led yogurt to hold a significant share in the sales value of the probiotics product market in the country. The on-going trend of healthy dietary and snacking options among the Asian population is yet another factor, driving the sales of probiotics, such as kombucha, yogurts, probiotic drinks, and others, across the region. According to the International Probiotics Association (IPA), China accounts for nearly half of the sales revenue in the Asia-Pacific probiotic food market wherein more than 90% is from dairy-based probiotic food and beverages in which dairy-based yogurt held a prominent share driving the market.
China to Drive The Regional Market
China, being the major consumer of yogurt, drives the regional yogurt market, and is anticipated to further supplement the global as well as the Asian market during the forecast period. Yogurt, owing to its multifunctional attributes, holds great prominence among consumers. A large section of the Chinese population is lactose intolerant, and hence, the dairy-free yogurt segment is recorded to be relatively more preferred due to its fermented nature, which makes it easily digestible. Also, market players are rolling out new innovations with claims catering to the current deficit scenario of the country. For instance, in 2019, Nongfu Spring, after three years of research and development, introduced its first 'mainstream' vegan yogurt alternative, made from walnut, coconut, and almond.
APAC Drinkable Yogurt Industry Overview
The Asia-Pacific drinkable yogurt market is highly competitive and fragmented in nature owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include Epigamia, Chobani, LLC, and Nestlé, among others.
APAC Drinkable Yogurt Market Leaders
-
Epigamia
-
Chobani, LLC
-
Nestlé
-
Bright Dairy & Food Co., Ltd.
-
Yili.Com Inc.
*Disclaimer: Major Players sorted in no particular order
APAC Drinkable Yogurt Market Report - Table of Contents
-
1. INTRODUCTION
-
1.1 Study Deliverables
-
1.2 Study Assumptions
-
1.3 Scope of the Study
-
-
2. RESEARCH METHODOLOGY
-
3. EXECUTIVE SUMMARY
-
4. MARKET DYNAMICS
-
4.1 Market Drivers
-
4.2 Market Restraints
-
4.3 Porter's Five Forces Analysis
-
4.3.1 Threat of New Entrants
-
4.3.2 Bargaining Power of Buyers/Consumers
-
4.3.3 Bargaining Power of Suppliers
-
4.3.4 Threat of Substitute Products
-
4.3.5 Intensity of Competitive Rivalry
-
-
-
5. MARKET SEGMENTATION
-
5.1 By Category
-
5.1.1 Dairy-based yogurt
-
5.1.2 Non-dairy based yogurt
-
-
5.2 By Type
-
5.2.1 Plain yogurt
-
5.2.2 Flavored yogurt
-
-
5.3 By Distribution Channel
-
5.3.1 Supermarkets/Hypermarkets
-
5.3.2 Convenience Stores
-
5.3.3 Specialty Stores
-
5.3.4 Online Retailers
-
5.3.5 Others
-
-
5.4 By Country
-
5.4.1 China
-
5.4.2 Japan
-
5.4.3 Australia
-
5.4.4 India
-
5.4.5 Rest of Asia Pacific
-
-
-
6. COMPETITIVE LANDSCAPE
-
6.1 Most Active Companies
-
6.2 Most Adopted Strategies
-
6.3 Market Position Analysis
-
6.4 Company Profiles
-
6.4.1 Epigamia
-
6.4.2 Chobani, LLC
-
6.4.3 Nestle
-
6.4.4 Bright Dairy & Food Co., Ltd.
-
6.4.5 Yili.Com Inc.
-
6.4.6 Bachfun Pvt. Ltd (againdrinks.com)
-
- *List Not Exhaustive
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Drinkable Yogurt Industry Segmentation
The drinkable yogurt market in Asia-Pacific has been segmented by category into dairy-based and non-dairy based; by type into plain and flavored yogurt; and by distribution into hypermarket/supermarket, convenience stores, specialty stores, online channel and others. Also, the study provides an analysis of the drinkable yogurt market in the emerging and established markets across Asia-Pacific, including China, Japan, India, Australia, and Rest of Asia-Pacific.
| By Category | |
| Dairy-based yogurt | |
| Non-dairy based yogurt |
| By Type | |
| Plain yogurt | |
| Flavored yogurt |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Specialty Stores | |
| Online Retailers | |
| Others |
| By Country | |
| China | |
| Japan | |
| Australia | |
| India | |
| Rest of Asia Pacific |
APAC Drinkable Yogurt Market Research FAQs
What is the current Asia-Pacific Drinkable Yogurt Market size?
The Asia-Pacific Drinkable Yogurt Market is projected to register a CAGR of 2.20% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Drinkable Yogurt Market?
Epigamia, Chobani, LLC, Nestlé, Bright Dairy & Food Co., Ltd. and Yili.Com Inc. are the major companies operating in the Asia-Pacific Drinkable Yogurt Market.
What years does this Asia-Pacific Drinkable Yogurt Market cover?
The report covers the Asia-Pacific Drinkable Yogurt Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Drinkable Yogurt Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Drinkable Yogurt Industry Report
Statistics for the 2024 APAC Drinkable Yogurt market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Drinkable Yogurt analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
