Asia Pacific Dairy Snacks Market

Asia Pacific Dairy Snacks Market  Size and Growth Analysis:

Asia Pacific Dairy Snacks Market was worth USD XX billion in 2022 and estimated to be growing at a CAGR of XX%, to reach USD XX billion by 2027.

Asia Pacific Dairy Snacks Market Overview:

Snacks are prepared in a variety of forms including packaged snack products and other processed products as well as items made from fresh ingredients made at home. Traditionally, snacks are made from the ingredients available at home. Dairy snacks are made from milk or are the by-products of other milk products like buttermilk which is a by-product of butter making process. Dairy snacks constitute about 15% of the total snack products. Primary factors accounted for driving the market are increasing disposable income, the introduction of various flavors attracting all categories of consumers, a gradual shift of consumers towards dairy products, and product innovation creating sugar-free as well as no lactose-free variants. However, stringent government regulations increasing lactose intolerance are the factors hindering the growth of the market.

Asia Pacific Dairy Snacks Market Segmentation:

The Asia Pacific market for Dairy Snacks is segmented based on

• Type

• Taste

• Distribution Channel

Based on Type it is divided into

• Cheese

• Yogurt

• Butter

• Buttermilk

• Ice cream

• Lactose Free Milk

Non Based on Taste it is segmented as

• Sweet 

• Sour

Based on Distribution Channel it is divided into

• Supermarkets

• Convenience Stores

• Grocery Stores

• Online and Others

Asia Pacific Dairy Snacks Market geographical Analysis

Based on geographical analysis, the market is divided into regions of

• China

• India

• Japan

• South Korea

• Australia

China holds the major share in the market due to the presence of market leaders as well as a large population of Dairy Snacks consuming individuals. India is the fastest growing region due to increasing demand and product innovation and increasing disposable income. Ice Creams are the widespread dairy snack product in terms of both volume as well as market share due to universal love for ice creams while yogurt snack products are the fastest growing due to increasing consumer preference for probiotic and prebiotic yogurt drinks and flavored yogurt. Based on Distribution channel supermarkets hold the major share in the market while online retails are expected to grow the fastest.

Asia Pacific Dairy Snacks Market Key players:

Some of the key players dominating this market include

1. Amul

2. Arla Foods UK Plc.

3. Blue Bell Creameries

4. Breyers

5. Dairy Farmers of America Inc.

6. Danone

7. Dean Foods Company

8. Nestsle SA

9. Fonterra Group Cooperative Limited

10. Kraft Foods and Unilever