PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1418662
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1418662
According to SPER market research, 'Asia Pacific Dairy Products Market Size - By Product - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Asia Pacific Dairy Products Market is predicted to reach USD 277.97 billion by 2033 with a CAGR 4.98%.
Dairy products like butter, milk, and non-fat dry milk powder are all similarly standardized. Dairy products with multiple flavours include specialty cheeses, fermented drinks, and milk protein segments used in food and drink products. While some dairy products are produced locally, dairy products are consumed globally. Products such as fresh milk, yogurt, and cheese should be consumed immediately.
The COVID-19 pandemic caused severe disruptions to the dairy products market in Asia Pacific. Production and demand temporarily declined as a result of supply chain disruptions, lockdowns, and social distancing measures. Dairy producers saw a decline in sales as a result of closures and restrictions faced by the foodservice, hotel, and restaurant industries-all of which are significant consumers of dairy products. The overall effectiveness of the supply chain was also impacted by labor shortages and logistical issues that affected the transportation and processing of raw materials.
By Product: Based on the Product, Asia Pacific Dairy Products Market is segmented as; Anhydrous Milk Fat (AMF), Cream, Butter, Flavoured Milk, Fluid Milk/UHT Milk, Non-fat Dry Milk, Skimmed Milk Powder, Whole Milk Powder.
By Region: This research also includes data for China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Thailand, Malaysia, Vietnam, Philippines, Singapore, Rest of Asia-Pacific.