Asia-Pacific Milk Protein Market Trends

Statistics for the 2023 & 2024 Asia-Pacific Milk Protein market trends, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Milk Protein trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of asia-pacific milk protein Industry

Increasing number of health and fitness centers is driving the market

  • The sector is driven by increased health-related concerns and expanding membership at health clubs. The increasing number of fitness clubs/health clubs further fosters the availability of consumers and their involvement rate. For instance, in 2020, China had the most health and fitness clubs in the region, with 27,000 clubs. South Korea and Japan had 6,590 and 4,950 fitness clubs, respectively.
  • The increase in the number of health and fitness clubs majorly impacts the market as they are the major marketplace for sports nutrition products in the region. According to the International Health, Racquet, and Sportsclub Association (IHRSA), there is an increase in fitness franchises in the region, driving sales of the sports nutrition segment. IHRSA launched national and state-level grassroots campaigns, ranging from reopening health clubs to urging lawmakers to include the health and fitness industry in any coronavirus relief package, as more than 79,000 fitness professionals and consumers took action on IHRSA campaigns relating to the coronavirus pandemic.
  • The importance of leading a healthy lifestyle fuels the sports nutrition marketplace. The accelerated growth of the Indian sports nutrition market in the last few years has been spurred primarily by the huge growth in India’s sports industry, strong demand for various health supplements and energy drinks among athletes and bodybuilders, and increasing youth participation in sports and activities that require a high level of fitness and nutrition. Protein supplements lead the market, having a share of 70% in the overall consumption in this segment. The Indian sports nutrition market currently lies in the unorganized sector with a market size of over INR 1,300 crores and a Y-o-Y growth of about 25%
Asia-Pacific Milk Protein Market

Government initiative are supporting the milk production in developing countries such as India

  • The graph given depicts the total production of cow milk and goat milk as these are commonly used raw materials for the milk proteins. In the region, India and China are the highest milk-producing countries, accounting for nearly 80% of production. The strongest gains over the past decade have been registered in Southeast Asia, where a lack of traditional consumption of fresh milk, combined with low tariffs, has led to imported milk products accounting for nearly one-quarter of domestic requirements in the subregion. Milk production in Asia is likely to be the primary driver of global output, which continues to be driven by rising dairy cattle numbers and increasing milk collection efficiency in India and Pakistan, with rising output in large-scale farms in China.
  • China's milk production in the region increased by 4.5% to more than 34.5 MMT in 2021. This is due to improved productivity, which caused China's production and consumption of milk to grow rapidly. Imports are also showing positive growth due to consumer demand and requirements for the manufacturing industries in China. Skim milk powder, which is majorly used for milk protein production, has increased due to the Chinese food industry depending more on imported skim milk powder.
  • In countries like India, milk production is highly supported by government authorities implementing specific regulations in different states. To boost milk output in India, the Uttar Pradesh state government is establishing milk conservation centers and greenfield dairies. According to production data from the Food and Agriculture Organization Corporate Statistical Database(FAOSTAT), India is the highest milk producer and ranks first position in the world contributing 24% of global milk production in the year 2021-22.
Asia-Pacific Milk Protein Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Changing lifestyles with increasing number of working women is boosting the market
  • Market competitiveness is boosting the growth
  • Sauces segment to maintain lion's share in the APAC market
  • Soaring demand for plant-based dairy products within APAC countries
  • APAC's growing appetite for plant-based meats to boost demand
  • Healthy snacking is likely to impel the market
  • Increasing demand for natural/organic beauty and personal care products
  • Rising consumption of bakery goods as a meal is driving the industry
  • Increased consumer preference for convenient breakfast cereal products
  • Premium confectionery is a current market trend
  • Increase in elderly population to drive demand
  • Increasing developments spiking the segmental sales
  • Increase in demand for ruminant feed
  • Whey and milk protein to increase its share in animal protein consumption

Asia-Pacific Milk Protein Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029