Asia-Pacific Dairy Alternatives Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 10.51 Billion |
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Market Size (2029) | USD 15.61 Billion |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2024 - 2029) | 8.23 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Dairy Alternatives Market Analysis
The Asia-Pacific Dairy Alternatives Market size is estimated at 10.51 billion USD in 2024, and is expected to reach 15.61 billion USD by 2029, growing at a CAGR of 8.23% during the forecast period (2024-2029).
10.51 Billion
Market Size in 2024 (USD)
15.61 Billion
Market Size in 2029 (USD)
5.82 %
CAGR (2017-2023)
8.23 %
CAGR (2024-2029)
Largest Market by Category
90.11 %
value share, Non-Dairy Milk, 2023
The positive perception and high sensory acceptance towards plant-based milk have to broaden avenues for serving the needs of diverse populations that harbor concerns with dairy.
Largest Market by Country
49.09 %
value share, China, 2023
Whether optimizing their nutrition, pursuing new beverage trends, or experimenting with healthier lifestyles, Chinese consumers likely have plenty of alternative milk to choose from.
Fastest-growing Market by Category
31.30 %
Projected CAGR, Non-Dairy Cheese, 2024-2029
A steady increase in consumer awareness levels about consuming non-dairy dairy foods, and the impact of animal husbandry on the environment are the key factors driving the non-dairy cheese segment.
Fastest-growing Market by Country
12.51 %
Projected CAGR, New Zealand, 2024-2029
The segmental growth in New Zealand is influenced by the advent of functional products, and the emphasis on low-calorie, low-sugar, digestive products by the consumers in New Zealand.
Leading Market Player
16.37 %
market share, Hebei Yangyuan Zhihui Beverage Co. Ltd, 2022
The immense research and development activities by Hebei Yangyuan Zhihui Beverage Co Ltd in the market which is letting it innovate various products in the segment making it a leading player.
Strong penetration of organized retail channels is fueling the market growth
- The off-trade channel plays a major role in the region's sales of dairy alternative products. In the off-trade channels segment, supermarkets and hypermarkets are the largest distribution channels in the Asia-Pacific dairy alternatives market. The proximity factor of these channels, especially in large and developed cities, gives them an added advantage of influencing the consumer's decision to purchase among the large variety of products available in the market. In 2022, the supermarkets and hypermarkets sub-segment accounted for 66.7% of the value share.
- The region does not have a considerable market for on-trade channels and is in the nascent stage. Consumers prefer dairy alternatives at home and are less likely to consume from a restaurant or foodservice outlet. Plant-based milk and non-dairy butter are increasing in popularity, and some regional restaurants use plant-based milk, particularly as an ingredient option in cocktails, smoothies, coffees, and espresso-based drinks. Thus, the sales value of plant-based milk through on-trade channels increased by 4.5% in 2022 compared to 2021.
- Plant-based milk accounted for the majority of share in off-trade channels among all dairy alternative products. In 2022, plant-based milk accounted for more than 85% of the value share.
- Online channel is expected to be the fastest-growing distribution channel in the off-trade segment. It is projected to register a Y-o-Y growth value of 4.6% during 2023-2025. Convenience is the primary motivation for shoppers who have transitioned to shopping for groceries online.
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China, Japan, and Australia exhibit significant dairy alternative consumption compared to other Asian countries
- The rise in the vegan population as a result of the rising importance of plant-based nutrition drives the demand for dairy alternatives in the region. China, Japan, and Australia exhibit significant dairy alternative consumption compared to other Asian countries. In 2023, the countries collectively held a 79.77% share of the overall dairy alternative consumption in the region. Rising consumer interest in alternative protein is the key factor driving the consumption of dairy alternatives in China. The penetration of global brands through strategic partnerships with supermarkets and hypermarkets is influencing Chinese consumers to opt for alternative dairy milk and cheese.
- High consumer awareness about plant-based nutrition and favorable macroeconomic environments are the key factors shaping the Australian dairy alternative industry. Non-dairy butter and plant-based milk are essential products preferred by millennial consumers in Australia. In 2022, plant-based milk had an 84.76% share of the overall dairy alternatives consumed in Australia. Australians consumed around half a metric cup of milk substitutes every week. Almond and soy milk are becoming more popular in Australia. Over 50% of Australians aged two and older do not get enough calcium and other minerals, which is attracting customers toward plant milk with added nutrition.
- India is the fastest-growing country with an increasing number of vegetarian customers. In 2021, India had the world's third-highest number of participants, with around 60,000 people joining the campaign, Veganuary, an international organization. The sales value of dairy alternatives is estimated to record a CAGR of 9.83% during the forecast period.
Asia-Pacific Dairy Alternatives Market Trends
The consumption of dairy alternatives is on the rise across the region owing to a significant rise in the vegan population, coupled with a growing lactose-intolerant population
- The consumption of dairy alternatives is on the rise across the region owing to a significant rise in the vegan population, coupled with a growing lactose-intolerant population. In 2021, around 2.5 million people in South Korea followed a vegan diet. This has since increased significantly in the following two years and continues to grow. Similarly, Australia has the third-highest percentage of vegans per capita globally.
- Lactose intolerance is common in Asian countries, particularly in East Asia, where nearly 70-100% of the population has lactose intolerance. Cow milk allergy is one of the common food allergies in young children. Many Japanese consumers are lactose-intolerant and do not consume milk or milk products. As of 2022, in Australia, around one in 50 babies and young children showed signs of an allergy to cow's milk. Therefore, the demand for plant-based dairy products has increased gradually across the region.
- Among dairy alternatives, plant-based milk like soy and almond milk held the majority share across the regional market in 2022. China is the leading country across the region in terms of consumption of dairy alternatives milk. Among plant-based milk, soy drinks have traditionally been the most popular in China due to the country's long-standing tradition of soy consumption and its wide availability. In the Asia-Pacific region, the per capita consumption of non-dairy butter is estimated to increase by 3.45% in 2023-2024. The key motivations for consumers to adopt non-dairy butter are growing concerns for animals and sustainability, followed by a healthier change in dietary habits.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Production of non-dairy ingredients supported by the utilization of innovative sources for different products
Asia-Pacific Dairy Alternatives Industry Overview
The Asia-Pacific Dairy Alternatives Market is fragmented, with the top five companies occupying 36.62%. The major players in this market are Coconut Palm Group Co. Ltd, Hebei Yangyuan Zhihui Beverage Co. Ltd, Kikkoman Corporation, Nestlé SA and Vitasoy International Holdings Ltd (sorted alphabetically).
Asia-Pacific Dairy Alternatives Market Leaders
Coconut Palm Group Co. Ltd
Hebei Yangyuan Zhihui Beverage Co. Ltd
Kikkoman Corporation
Nestlé SA
Vitasoy International Holdings Ltd
Other important companies include Blue Diamond Growers, Campbell Soup Company, Danone SA, Oatly Group AB, Sanitarium Health and Wellbeing Company, The Hershey Company.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Dairy Alternatives Market News
- October 2022: Vitasoy International Holdings Ltd planned to expand its dairy alternative business by acquiring the shares from its joint venture Bega Cheese subsidiary National Food Holdings Ltd.
- September 2022: Vitasoy introduced a new product line, Vitasoy Plant+, to its plant milk portfolio. The new product line comprises almond milk and oat milk made from 100% almonds and oats, respectively.
- August 2022: Vitasoy launched a new Greek dairy yogurt range in Australia. The new range comes in four flavors: Greek Style Plain, Hint of Vanilla, Hint of Strawberry, and Hint of Mango & Passionfruit.
Free with this Report
We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the dairy alternatives industry. With the help of 45+ free charts, clients can access in-depth market analysis based on per capita consumption numbers and production data of raw materials for dairy alternatives, through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on dairy alternative products, categories of dairy alternative products, product types, etc., are available in the form of comprehensive reports as well as excel based data worksheets.
Asia-Pacific Dairy Alternatives Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Per Capita Consumption
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4.2 Raw Material/commodity Production
- 4.2.1 Dairy Alternative - Raw Material Production
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4.3 Regulatory Framework
- 4.3.1 Australia
- 4.3.2 China
- 4.3.3 India
- 4.3.4 Japan
- 4.3.5 South Korea
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Category
- 5.1.1 Non-Dairy Butter
- 5.1.2 Non-Dairy Cheese
- 5.1.3 Non-Dairy Ice Cream
- 5.1.4 Non-Dairy Milk
- 5.1.4.1 By Product Type
- 5.1.4.1.1 Almond Milk
- 5.1.4.1.2 Cashew Milk
- 5.1.4.1.3 Coconut Milk
- 5.1.4.1.4 Hazelnut Milk
- 5.1.4.1.5 Hemp Milk
- 5.1.4.1.6 Oat Milk
- 5.1.4.1.7 Soy Milk
- 5.1.5 Non-Dairy Yogurt
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5.2 Distribution Channel
- 5.2.1 Off-Trade
- 5.2.1.1 Convenience Stores
- 5.2.1.2 Online Retail
- 5.2.1.3 Specialist Retailers
- 5.2.1.4 Supermarkets and Hypermarkets
- 5.2.1.5 Others (Warehouse clubs, gas stations, etc.)
- 5.2.2 On-Trade
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5.3 Country
- 5.3.1 Australia
- 5.3.2 China
- 5.3.3 India
- 5.3.4 Indonesia
- 5.3.5 Japan
- 5.3.6 Malaysia
- 5.3.7 New Zealand
- 5.3.8 Pakistan
- 5.3.9 South Korea
- 5.3.10 Rest of Asia Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Blue Diamond Growers
- 6.4.2 Campbell Soup Company
- 6.4.3 Coconut Palm Group Co. Ltd
- 6.4.4 Danone SA
- 6.4.5 Hebei Yangyuan Zhihui Beverage Co. Ltd
- 6.4.6 Kikkoman Corporation
- 6.4.7 Nestlé SA
- 6.4.8 Oatly Group AB
- 6.4.9 Sanitarium Health and Wellbeing Company
- 6.4.10 The Hershey Company
- 6.4.11 Vitasoy International Holdings Ltd
7. KEY STRATEGIC QUESTIONS FOR DAIRY AND DAIRY ALTERNATIVE CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- PER CAPITA CONSUMPTION OF DAIRY ALTERNATIVES, KG, ASIA-PACIFIC, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF ASIA-PACIFIC DAIRY ALTERNATIVES MARKET - RAW MATERIAL, METRIC TONNES, ASIA-PACIFIC, 2017 - 2021
- Figure 3:
- VOLUME OF DAIRY ALTERNATIVES, METRIC TONNES, BY ASIA-PACIFIC, 2017 - 2029
- Figure 4:
- VALUE OF DAIRY ALTERNATIVES, USD MN, BY ASIA-PACIFIC, 2017 - 2029
- Figure 5:
- VOLUME OF DAIRY ALTERNATIVES MARKET BY CATEGORY, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 6:
- VALUE OF DAIRY ALTERNATIVES MARKET BY CATEGORY, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 7:
- VOLUME SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 8:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 9:
- VOLUME OF NON-DAIRY BUTTER MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VALUE OF NON-DAIRY BUTTER MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VALUE SHARE OF NON-DAIRY BUTTER MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 12:
- VOLUME OF NON-DAIRY CHEESE MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 13:
- VALUE OF NON-DAIRY CHEESE MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 14:
- VALUE SHARE OF NON-DAIRY CHEESE MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 15:
- VOLUME OF NON-DAIRY ICE CREAM MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE OF NON-DAIRY ICE CREAM MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 17:
- VALUE SHARE OF NON-DAIRY ICE CREAM MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 18:
- VOLUME OF NON-DAIRY MILK MARKET BY PRODUCT TYPE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- VALUE OF NON-DAIRY MILK MARKET BY PRODUCT TYPE, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 20:
- VOLUME SHARE OF NON-DAIRY MILK MARKET BY PRODUCT TYPE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 21:
- VALUE SHARE OF NON-DAIRY MILK MARKET BY PRODUCT TYPE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 22:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 23:
- VALUE OF ALMOND MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 24:
- VALUE SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 25:
- VOLUME OF CASHEW MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 26:
- VALUE OF CASHEW MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 27:
- VALUE SHARE OF CASHEW MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 28:
- VOLUME OF COCONUT MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 29:
- VALUE OF COCONUT MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 30:
- VALUE SHARE OF COCONUT MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 31:
- VOLUME OF HAZELNUT MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 32:
- VALUE OF HAZELNUT MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 33:
- VALUE SHARE OF HAZELNUT MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 34:
- VOLUME OF HEMP MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 35:
- VALUE OF HEMP MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 36:
- VALUE SHARE OF HEMP MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 37:
- VOLUME OF OAT MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 38:
- VALUE OF OAT MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 39:
- VALUE SHARE OF OAT MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 40:
- VOLUME OF SOY MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 41:
- VALUE OF SOY MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 42:
- VALUE SHARE OF SOY MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 43:
- VOLUME OF NON-DAIRY YOGURT MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 44:
- VALUE OF NON-DAIRY YOGURT MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- VALUE SHARE OF NON-DAIRY YOGURT MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 46:
- VOLUME OF DAIRY ALTERNATIVES MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 47:
- VALUE OF DAIRY ALTERNATIVES MARKET BY DISTRIBUTION CHANNEL, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 48:
- VOLUME SHARE OF DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 49:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 50:
- VOLUME OF DAIRY ALTERNATIVES MARKET BY SUB DISTRIBUTION CHANNELS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- VALUE OF DAIRY ALTERNATIVES MARKET BY SUB DISTRIBUTION CHANNELS, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 52:
- VOLUME SHARE OF DAIRY ALTERNATIVES MARKET, BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 53:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 54:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA CONVENIENCE STORES, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 55:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA CONVENIENCE STORES, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 56:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA CONVENIENCE STORES, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
- Figure 57:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA ONLINE RETAIL, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 58:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA ONLINE RETAIL, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 59:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA ONLINE RETAIL, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
- Figure 60:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA SPECIALIST RETAILERS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 61:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA SPECIALIST RETAILERS, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 62:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA SPECIALIST RETAILERS, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
- Figure 63:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 64:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 65:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA SUPERMARKETS AND HYPERMARKETS, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
- Figure 66:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 67:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 68:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
- Figure 69:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA ON-TRADE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 70:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA ON-TRADE, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 71:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA ON-TRADE, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
- Figure 72:
- VOLUME OF DAIRY ALTERNATIVES MARKET BY COUNTRY, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 73:
- VALUE OF DAIRY ALTERNATIVES MARKET BY COUNTRY, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 74:
- VOLUME SHARE OF DAIRY ALTERNATIVES MARKET, BY COUNTRY , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 75:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY COUNTRY , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 76:
- VOLUME OF DAIRY ALTERNATIVES MARKET, METRIC TONNES, AUSTRALIA, 2017 - 2029
- Figure 77:
- VALUE OF DAIRY ALTERNATIVES MARKET, USD MN, AUSTRALIA, 2017 - 2029
- Figure 78:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, AUSTRALIA, 2022 VS 2029
- Figure 79:
- VOLUME OF DAIRY ALTERNATIVES MARKET, METRIC TONNES, CHINA, 2017 - 2029
- Figure 80:
- VALUE OF DAIRY ALTERNATIVES MARKET, USD MN, CHINA, 2017 - 2029
- Figure 81:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, CHINA, 2022 VS 2029
- Figure 82:
- VOLUME OF DAIRY ALTERNATIVES MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 83:
- VALUE OF DAIRY ALTERNATIVES MARKET, USD MN, INDIA, 2017 - 2029
- Figure 84:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, INDIA, 2022 VS 2029
- Figure 85:
- VOLUME OF DAIRY ALTERNATIVES MARKET, METRIC TONNES, INDONESIA, 2017 - 2029
- Figure 86:
- VALUE OF DAIRY ALTERNATIVES MARKET, USD MN, INDONESIA, 2017 - 2029
- Figure 87:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, INDONESIA, 2022 VS 2029
- Figure 88:
- VOLUME OF DAIRY ALTERNATIVES MARKET, METRIC TONNES, JAPAN, 2017 - 2029
- Figure 89:
- VALUE OF DAIRY ALTERNATIVES MARKET, USD MN, JAPAN, 2017 - 2029
- Figure 90:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, JAPAN, 2022 VS 2029
- Figure 91:
- VOLUME OF DAIRY ALTERNATIVES MARKET, METRIC TONNES, MALAYSIA, 2017 - 2029
- Figure 92:
- VALUE OF DAIRY ALTERNATIVES MARKET, USD MN, MALAYSIA, 2017 - 2029
- Figure 93:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, MALAYSIA, 2022 VS 2029
- Figure 94:
- VOLUME OF DAIRY ALTERNATIVES MARKET, METRIC TONNES, NEW ZEALAND, 2017 - 2029
- Figure 95:
- VALUE OF DAIRY ALTERNATIVES MARKET, USD MN, NEW ZEALAND, 2017 - 2029
- Figure 96:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, NEW ZEALAND, 2022 VS 2029
- Figure 97:
- VOLUME OF DAIRY ALTERNATIVES MARKET, METRIC TONNES, PAKISTAN, 2017 - 2029
- Figure 98:
- VALUE OF DAIRY ALTERNATIVES MARKET, USD MN, PAKISTAN, 2017 - 2029
- Figure 99:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, PAKISTAN, 2022 VS 2029
- Figure 100:
- VOLUME OF DAIRY ALTERNATIVES MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 101:
- VALUE OF DAIRY ALTERNATIVES MARKET, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 102:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, SOUTH KOREA, 2022 VS 2029
- Figure 103:
- VOLUME OF DAIRY ALTERNATIVES MARKET, METRIC TONNES, REST OF ASIA PACIFIC, 2017 - 2029
- Figure 104:
- VALUE OF DAIRY ALTERNATIVES MARKET, USD MN, REST OF ASIA PACIFIC, 2017 - 2029
- Figure 105:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, REST OF ASIA PACIFIC, 2022 VS 2029
- Figure 106:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017 - 2029
- Figure 107:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017 - 2029
- Figure 108:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific Dairy Alternatives Industry Segmentation
Non-Dairy Butter, Non-Dairy Cheese, Non-Dairy Ice Cream, Non-Dairy Milk, Non-Dairy Yogurt are covered as segments by Category. Off-Trade, On-Trade are covered as segments by Distribution Channel. Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, South Korea are covered as segments by Country.
- The off-trade channel plays a major role in the region's sales of dairy alternative products. In the off-trade channels segment, supermarkets and hypermarkets are the largest distribution channels in the Asia-Pacific dairy alternatives market. The proximity factor of these channels, especially in large and developed cities, gives them an added advantage of influencing the consumer's decision to purchase among the large variety of products available in the market. In 2022, the supermarkets and hypermarkets sub-segment accounted for 66.7% of the value share.
- The region does not have a considerable market for on-trade channels and is in the nascent stage. Consumers prefer dairy alternatives at home and are less likely to consume from a restaurant or foodservice outlet. Plant-based milk and non-dairy butter are increasing in popularity, and some regional restaurants use plant-based milk, particularly as an ingredient option in cocktails, smoothies, coffees, and espresso-based drinks. Thus, the sales value of plant-based milk through on-trade channels increased by 4.5% in 2022 compared to 2021.
- Plant-based milk accounted for the majority of share in off-trade channels among all dairy alternative products. In 2022, plant-based milk accounted for more than 85% of the value share.
- Online channel is expected to be the fastest-growing distribution channel in the off-trade segment. It is projected to register a Y-o-Y growth value of 4.6% during 2023-2025. Convenience is the primary motivation for shoppers who have transitioned to shopping for groceries online.
| Category | Non-Dairy Butter | ||
| Non-Dairy Cheese | |||
| Non-Dairy Ice Cream | |||
| Non-Dairy Milk | By Product Type | Almond Milk | |
| Cashew Milk | |||
| Coconut Milk | |||
| Hazelnut Milk | |||
| Hemp Milk | |||
| Oat Milk | |||
| Soy Milk | |||
| Non-Dairy Yogurt | |||
| Distribution Channel | Off-Trade | Convenience Stores | |
| Online Retail | |||
| Specialist Retailers | |||
| Supermarkets and Hypermarkets | |||
| Others (Warehouse clubs, gas stations, etc.) | |||
| Distribution Channel | On-Trade | ||
| Country | Australia | ||
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Malaysia | |||
| New Zealand | |||
| Pakistan | |||
| South Korea | |||
| Rest of Asia Pacific |
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Market Definition
- Dairy Alternatives - Dairy alternatives are foods that are made from plant-based milk/oils instead of their usual animal products, such as cheese, butter, milk, ice cream, yogurt, etc. Plant-based or non-dairy milk alternative is the fast-growing segment in the newer food product development category of functional and specialty beverage across the globe.
- Non-Dairy Butter - Non dairy butter is a vegan butter alternative that is made from a mixture of plant oils. With an increase in alternative diets like vegetarianism, veganism, and gluten intolerance, plant butter is a healthy non-dairy substitute for normal butter.
- Non-Dairy Ice Cream - Plant based ice cream is a growing category. Non-dairy ice cream is a type of dessert made without any animal ingredients. This is typically considered a substitute for regular ice cream for those who cannot or do not eat animal or animal-derived products, including eggs, milk, cream, or honey.
- Plant-Based Milk - Plant based milks are milk substitutes that are made from nuts (e.g., hazelnuts, hemp seeds), seeds (e.g., sesame, walnuts, coconuts, cashews, almonds, rice, oats, etc.) or legumes (e.g., soy). Plant-based milk such as soy milk and almond milk have been popular in East Asia and the Middle East for centuries.
| Keyword | Definition |
|---|---|
| Cultured Butter | Cultured butter is prepared by having the raw butter go through chemical processing and has been added with certain emulsifiers and foreign ingredients. |
| Uncultured Butter | This type of butter is one which has not been processed in any way |
| Natural Cheese | The type of cheese in its most natural form. It is made from natural and simple products and ingredients, including fresh and natural salts, natural colors, enzymes, and high-quality milk. |
| Processed Cheese | Processed cheese undergoes the same processes as natural cheese; however, it requires more steps and many different forms of ingredients. Making processed cheese involves melting natural cheese, emulsifying it, and adding preservatives and other artificial ingredients or colorings. |
| Single Cream | Single cream contains around 18% fat. It’s a single layer of cream that appears over boiled milk. |
| Double Cream | Double cream contains 48% fat, more than double the amount of fat of single cream. It’s heavier and thicker than single cream |
| Whipping Cream | This has a much higher fat percentage than single cream (36%). Used to top cakes, pies, and puddings and as a thickener for sauces, soups, and fillings. |
| Frozen Desserts | Desserts that are meant to be eaten in frozen condition. E.g., sherbets, sorbets, frozen yogurts |
| UHT Milk (Ultra-high temperature milk) | Milk heated at a very high temperature. Ultra-high-temperature processing (UHT) of milk involves heating for 1–8 sec at 135–154°C. which kills the spore-forming pathogenic microorganism, resulting in a product with a shelf-life of several months. |
| Non-dairy butter/Plant-based butter | Butter made from plant-derived oil such as coconut, palm, etc. |
| Non-dairy Yogurt | Yogurt made from typically made from nuts, like almonds, cashews, coconuts, and even other foods like soybeans, plantains, oats, and peas |
| On-trade | It refers to restaurants, QSRs, and bars. |
| Off-trade | It refers to supermarkets, hypermarkets, on-line channels, etc. |
| Neufchatel cheese | One of the oldest kinds of cheese in France. It is a soft, slightly crumbly, mold-ripened, bloomy-rind cheese made in the Neufchâtel-en-Bray region of Normandy. |
| Flexitarian | It refers to a consumer preferring a semi-vegetarian diet, that is centered on plant foods with limited or occasional inclusion of meat. |
| Lactose Intolerance | Lactose intolerance is a reaction in digestive system to lactose, the sugar in milk. It causes uncomfortable symptoms in response to the consumption of dairy products. |
| Cream Cheese | Cream cheese is a soft and creamy fresh cheese with a tangy taste made from milk and cream. |
| Sorbets | Sorbet is a frozen dessert made using ice combined with fruit juice, fruit purée, or other ingredients, such as wine, liqueur, or honey. |
| Sherbet | Sherbet is a sweetened frozen dessert made with fruit and some sort of dairy product such as milk or cream. |
| Shelf stable | Foods that can be safely stored at room temperature, or "on the shelf," for at least one year and do not have to be cooked or refrigerated to eat safely. |
| DSD | Direct Store Delivery is the process in supply chain management wherein the product is delivered from manufacturing plant directly to the retailer. |
| OU Kosher | Orthodox Union Kosher is a kosher certification agency based in New York City. |
| Gelato | Gelato is a frozen creamy dessert made with milk, heavy cream and sugar. |
| Grass-fed Cows | Grass-fed cows are allowed to graze in pastures, where they eat a variety of grasses and clover. |
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