Asia-Pacific Yogurt Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2023) | USD 45.28 Billion |
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Market Size (2029) | USD 63.96 Billion |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2023 - 2029) | 5.92 % |
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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 Yogurt Market Analysis
The Asia-Pacific Yogurt Market size is estimated at 45.28 billion USD in 2023, and is expected to reach 63.96 billion USD by 2029, growing at a CAGR of 5.92% during the forecast period (2023-2029).
- China is the largest country in the Asia-Pacific Yogurt Market. The rising demand for value added and sustainable dairy products along with the rising lactose intolerant population in the country is largely captivating the segmental growth.
- The largest distribution channel for the Asia-Pacific Yogurt Market is Off-Trade. Consumer preference for these channels is driven by seasonal offers, discounts on bulk purchases, and access to diversified products through a dedicated section of dairy products.
- India is the Fastest-growing country for the Asia-Pacific Yogurt Market. The wider acceptance for yogurt to be lighter and more refreshing product and it's consideration as relatively healthier snack is largely driving the consumer acceptance in India
- Among all the Distribution Channels, Off-Trade is the Fastest-growing contributor to the Asia-Pacific Yogurt Market. The technological advancements making freedom to browse digital catalogs without any hurry in a priceless way is driving off-trade retail channels through Online stores.
Strong presence of supermarkets and convenience stores further boosting the yogurt sales
- In APAC, yogurt is consumed mainly through off-trade channels and is expected to witness a growth of 10.68% in 2023 over 2022. The growth can be attributed to the easy availability of a wide range of yogurts across retail foodservice channels. Among distribution channels, the off-trade segment dominates the Asia-Pacific yogurt market, with the supermarkets and hypermarkets sub-segment accounting for the highest share of 61.43% in the off-trade segment by value. The sub-segment accounting for the highest share is attributed to the strong penetration of popular chains such as Maruetsu, Aldi, Big Bazaar, Woolworths Group, and Aeon Retail, which provide a wide selection of dairy products, including a wide range of yogurt varieties that are both imported and made locally.
- In the Asia-Pacific region, consumers prefer away-from-home yogurt consumption as a go-to convenience food. Yogurt sales through the on-trade channel are anticipated to grow by USD 350.94 million in 2025, up from USD 288.52 million in 2021. The growth in the segment is attributed to increasing out-of-home consumption preferences. As of 2021, Indian consumers were eating out nearly seven times a month, and over 80% of the respondents stated that they would prefer affordable casual dining options and fast-service restaurants to eat out.
- E-commerce is the fastest-growing channel for yogurt sales in the non-store retailing category in Asia-Pacific. The segment held a share of 4.81% in 2022 in the region. In 2020, 54% of Chinese customers preferred e-commerce for purchasing food products, including dairy. Group buying, live streaming, and discounts are all marketing campaigns being used to attract consumers toward e-commerce. In China, the popular e-commerce chains for yogurt sales include Tmall Global, JD Worldwide, and Pinduoduo.
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High production of raw milk and rising consumer preference for quality dairy products are key market drivers in the region
- India and China are the region's major markets, followed by New Zealand and Japan. India and China collectively accounted for a 65.25% share of yogurt volume sales across the region in 2022. Yogurt is an ancient food and has been part of the daily diet for thousands of years across different regional countries. The key driving factors are the high production of raw milk, rising consumer preference for quality dairy products, and adequate industry regulations to facilitate the manufacturing and trading of dairy products.
- The Government of India has permitted 100% FDI (Foreign Direct Investment) through the automatic route for food processing. The dairy industry records substantial FDIs, constituting about 40% of FDIs in the Indian food industry. India is also one of the largest yogurt-consuming countries, as it is the key component of many Indian cuisines.
- Yogurt is the most widely consumed dairy product after milk in Japanese households and accounted for a 35% share of total dairy sales in 2022. The market growth in the country is attributed to the advancement of dairy farms. In Japan, dairy farms with 200 or more cows increased by 10% in 2022. The average yard population of Japanese dairy farms reached 103 heads in 2022, recording a 5% Y-o-Y growth over 2021.
- China is the fastest-growing yogurt market in Asia-Pacific. In China, yogurt sales value is anticipated to record a CAGR of 15.0% during the forecast period to reach a value of USD 73,009.32 million by the end of 2029. Fruit-flavored yogurts, such as strawberry, raspberry, and blueberry, are widely preferred among Chinese consumers.
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Asia-Pacific Yogurt Market Trends
Improved health benefits of yogurt products emerge as major factors driving consumption
- Yogurt consumption has been on the rise due to its numerous health benefits. Considered a protein-rich food source, yogurt improves metabolism, making it an ideal choice for individuals aiming to burn more calories throughout the day. In addition to aiding weight loss, yogurt also promotes the growth of beneficial gut bacteria. Consequently, the demand for unflavored yogurt continues to surge across various regions.
- In India, yogurt, known as curd, holds a prominent place in the daily routines of the population, often consumed as part of meals or refreshments. Similarly, yogurt consumption in Australia has witnessed significant growth over the past decade, as it is widely recognized as a healthy snack option. From 2023 to 2024, the per capita consumption of yogurt in India is expected to increase by 5.16%, while in Australia, it saw a growth of 1.2% during the same period.
- China displays a strong inclination toward lactose-free yogurt. More than 92% of the Chinese population experiences allergic reactions to lactose found in dairy products, resulting in discomforts like flatulence and diarrhea. Yogurt products, through fermentation, effectively break down a large portion of lactose, greatly reducing the likelihood of allergic reactions.
- The demand for yogurt-based recipes from cafes and restaurants has been steadily increasing, further driving the market growth. This trend is particularly evident in Southeast Asia, where the food service industry has experienced significant expansion, with foreign food chains strategically expanding their presence. The influx of inbound tourists has also contributed to this growth, with around 11.15 million arrivals recorded in 2022, marking a substantial increase compared to previous years.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- An upward trend in dairy farming across Asia with growing disruptors in production and distribution
Asia-Pacific Yogurt Industry Overview
The Asia-Pacific Yogurt Market is moderately consolidated, with the top five companies occupying 45.63%. The major players in this market are China Mengniu Dairy Company Ltd, Gujarat Co-operative Milk Marketing Federation Ltd, Inner Mongolia Yili Industrial Group Co. Ltd, Meiji Dairies Corporation and Yakult Honsha Co. Ltd (sorted alphabetically).
Asia-Pacific Yogurt Market Leaders
China Mengniu Dairy Company Ltd
Gujarat Co-operative Milk Marketing Federation Ltd
Inner Mongolia Yili Industrial Group Co. Ltd
Meiji Dairies Corporation
Yakult Honsha Co. Ltd
Other important companies include Bulla Dairy Foods, Danone SA, FAGE International SA, General Mills Inc., Nestlé SA.
*Disclaimer: Major Players sorted in no particular order
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Asia-Pacific Yogurt Market News
- July 2022: Amul announced an investment of USD 60 million to build a new dairy plant in Rajkot to expand its production capabilities across milk, yogurt, and buttermilk products.
- December 2021: FAGE announced plans to build a new production facility in the Netherlands. The new manufacturing facility at the Riegmeer Hoogeveen business park, which cost EUR 150 million, initially contributed an additional 40,000 tons of yogurt production capacity annually and created 250 full-time jobs.
- September 2021: Bulla Dairy Foods launched its Australian Style Yogurt in 100g cups through food service distributors.
Asia-Pacific Yogurt Market Report - Table of Contents
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Per Capita Consumption
2.2. Raw Material/Commodity Production
2.3. Regulatory Framework
2.3.1. South Korea
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Product Type
3.1.1. Flavored Yogurt
3.1.2. Unflavored Yogurt
3.2. Distribution Channel
3.2.1. Off-Trade
3.2.1.1. By Sub Distribution Channels
3.2.1.1.1. Convenience Stores
3.2.1.1.2. Online Retail
3.2.1.1.3. Specialist Retailers
3.2.1.1.4. Supermarkets and Hypermarkets
3.2.1.1.5. Others (Warehouse clubs, gas stations, etc.)
3.2.2. On-Trade
3.3. Country
3.3.1. Australia
3.3.2. China
3.3.3. India
3.3.4. Indonesia
3.3.5. Japan
3.3.6. Malaysia
3.3.7. New Zealand
3.3.8. Pakistan
3.3.9. South Korea
3.3.10. Rest of Asia Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. 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).
4.4.1. Bulla Dairy Foods
4.4.2. China Mengniu Dairy Company Ltd
4.4.3. Danone SA
4.4.4. FAGE International SA
4.4.5. General Mills Inc.
4.4.6. Gujarat Co-operative Milk Marketing Federation Ltd
4.4.7. Inner Mongolia Yili Industrial Group Co. Ltd
4.4.8. Meiji Dairies Corporation
4.4.9. Nestlé SA
4.4.10. Yakult Honsha Co. Ltd
5. KEY STRATEGIC QUESTIONS FOR DAIRY AND DAIRY ALTERNATIVE CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- PER CAPITA CONSUMPTION OF YOGURT, KG, ASIA-PACIFIC, 2017 - 2029
- Figure 2:
- PRODUCTION OF MILK, METRIC TONNES, ASIA-PACIFIC, 2017 - 2021
- Figure 3:
- VOLUME OF YOGURT, METRIC TONNES, BY ASIA-PACIFIC, 2017 - 2029
- Figure 4:
- VALUE OF YOGURT, USD, BY ASIA-PACIFIC, 2017 - 2029
- Figure 5:
- VOLUME OF ASIA-PACIFIC YOGURT MARKET BY PRODUCT TYPE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 6:
- VALUE OF ASIA-PACIFIC YOGURT MARKET BY PRODUCT TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 7:
- VOLUME SHARE OF ASIA-PACIFIC YOGURT MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 - 2029
- Figure 8:
- VALUE SHARE OF ASIA-PACIFIC YOGURT MARKET, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 - 2029
- Figure 9:
- VOLUME OF FLAVORED YOGURT, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VALUE OF FLAVORED YOGURT, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VALUE SHARE OF FLAVORED YOGURT, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 - 2029
- Figure 12:
- VOLUME OF UNFLAVORED YOGURT, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 13:
- VALUE OF UNFLAVORED YOGURT, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 14:
- VALUE SHARE OF UNFLAVORED YOGURT, BY PRODUCT TYPE , %, ASIA-PACIFIC, 2017 - 2029
- Figure 15:
- VOLUME OF ASIA-PACIFIC YOGURT MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE OF ASIA-PACIFIC YOGURT MARKET BY DISTRIBUTION CHANNEL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 17:
- VOLUME SHARE OF ASIA-PACIFIC YOGURT MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2017 - 2029
- Figure 18:
- VALUE SHARE OF ASIA-PACIFIC YOGURT MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- VOLUME OF ASIA-PACIFIC YOGURT MARKET BY SUB DISTRIBUTION CHANNELS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 20:
- VALUE OF ASIA-PACIFIC YOGURT MARKET BY SUB DISTRIBUTION CHANNELS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 21:
- VOLUME SHARE OF ASIA-PACIFIC YOGURT MARKET, BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- VALUE SHARE OF ASIA-PACIFIC YOGURT MARKET, BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 - 2029
- Figure 23:
- VOLUME OF CONVENIENCE STORES, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 24:
- VALUE OF CONVENIENCE STORES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- VALUE SHARE OF CONVENIENCE STORES, BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 - 2029
- Figure 26:
- VOLUME OF ONLINE RETAIL, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 27:
- VALUE OF ONLINE RETAIL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 28:
- VALUE SHARE OF ONLINE RETAIL, BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 - 2029
- Figure 29:
- VOLUME OF SPECIALIST RETAILERS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 30:
- VALUE OF SPECIALIST RETAILERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 31:
- VALUE SHARE OF SPECIALIST RETAILERS, BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 - 2029
- Figure 32:
- VOLUME OF SUPERMARKETS AND HYPERMARKETS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 33:
- VALUE OF SUPERMARKETS AND HYPERMARKETS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 34:
- VALUE SHARE OF SUPERMARKETS AND HYPERMARKETS, BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 - 2029
- Figure 35:
- VOLUME OF OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 36:
- VALUE OF OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), USD, ASIA-PACIFIC, 2017 - 2029
- Figure 37:
- VALUE SHARE OF OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 - 2029
- Figure 38:
- VOLUME OF ON-TRADE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 39:
- VALUE OF ON-TRADE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 40:
- VALUE SHARE OF ON-TRADE, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2017 - 2029
- Figure 41:
- VOLUME OF ASIA-PACIFIC YOGURT MARKET BY COUNTRY, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 42:
- VALUE OF ASIA-PACIFIC YOGURT MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 43:
- VOLUME SHARE OF ASIA-PACIFIC YOGURT MARKET, BY COUNTRY , %, ASIA-PACIFIC, 2017 - 2029
- Figure 44:
- VALUE SHARE OF ASIA-PACIFIC YOGURT MARKET, BY COUNTRY , %, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- VOLUME OF YOGURT MARKET, METRIC TONNES, AUSTRALIA, 2017 - 2029
- Figure 46:
- VALUE OF YOGURT MARKET, USD, AUSTRALIA, 2017 - 2029
- Figure 47:
- VALUE SHARE OF YOGURT MARKET, %, AUSTRALIA, 2017 - 2029
- Figure 48:
- VOLUME OF YOGURT MARKET, METRIC TONNES, CHINA, 2017 - 2029
- Figure 49:
- VALUE OF YOGURT MARKET, USD, CHINA, 2017 - 2029
- Figure 50:
- VALUE SHARE OF YOGURT MARKET, %, CHINA, 2017 - 2029
- Figure 51:
- VOLUME OF YOGURT MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 52:
- VALUE OF YOGURT MARKET, USD, INDIA, 2017 - 2029
- Figure 53:
- VALUE SHARE OF YOGURT MARKET, %, INDIA, 2017 - 2029
- Figure 54:
- VOLUME OF YOGURT MARKET, METRIC TONNES, INDONESIA, 2017 - 2029
- Figure 55:
- VALUE OF YOGURT MARKET, USD, INDONESIA, 2017 - 2029
- Figure 56:
- VALUE SHARE OF YOGURT MARKET, %, INDONESIA, 2017 - 2029
- Figure 57:
- VOLUME OF YOGURT MARKET, METRIC TONNES, JAPAN, 2017 - 2029
- Figure 58:
- VALUE OF YOGURT MARKET, USD, JAPAN, 2017 - 2029
- Figure 59:
- VALUE SHARE OF YOGURT MARKET, %, JAPAN, 2017 - 2029
- Figure 60:
- VOLUME OF YOGURT MARKET, METRIC TONNES, MALAYSIA, 2017 - 2029
- Figure 61:
- VALUE OF YOGURT MARKET, USD, MALAYSIA, 2017 - 2029
- Figure 62:
- VALUE SHARE OF YOGURT MARKET, %, MALAYSIA, 2017 - 2029
- Figure 63:
- VOLUME OF YOGURT MARKET, METRIC TONNES, NEW ZEALAND, 2017 - 2029
- Figure 64:
- VALUE OF YOGURT MARKET, USD, NEW ZEALAND, 2017 - 2029
- Figure 65:
- VALUE SHARE OF YOGURT MARKET, %, NEW ZEALAND, 2017 - 2029
- Figure 66:
- VOLUME OF YOGURT MARKET, METRIC TONNES, PAKISTAN, 2017 - 2029
- Figure 67:
- VALUE OF YOGURT MARKET, USD, PAKISTAN, 2017 - 2029
- Figure 68:
- VALUE SHARE OF YOGURT MARKET, %, PAKISTAN, 2017 - 2029
- Figure 69:
- VOLUME OF YOGURT MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 70:
- VALUE OF YOGURT MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 71:
- VALUE SHARE OF YOGURT MARKET, %, SOUTH KOREA, 2017 - 2029
- Figure 72:
- VOLUME OF YOGURT MARKET, METRIC TONNES, REST OF ASIA PACIFIC, 2017 - 2029
- Figure 73:
- VALUE OF YOGURT MARKET, USD, REST OF ASIA PACIFIC, 2017 - 2029
- Figure 74:
- VALUE SHARE OF YOGURT MARKET, %, REST OF ASIA PACIFIC, 2017 - 2029
- Figure 75:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017 - 2029
- Figure 76:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017 - 2029
- Figure 77:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific Yogurt Industry Segmentation
Flavored Yogurt, Unflavored Yogurt are covered as segments by Product Type. 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.
- In APAC, yogurt is consumed mainly through off-trade channels and is expected to witness a growth of 10.68% in 2023 over 2022. The growth can be attributed to the easy availability of a wide range of yogurts across retail foodservice channels. Among distribution channels, the off-trade segment dominates the Asia-Pacific yogurt market, with the supermarkets and hypermarkets sub-segment accounting for the highest share of 61.43% in the off-trade segment by value. The sub-segment accounting for the highest share is attributed to the strong penetration of popular chains such as Maruetsu, Aldi, Big Bazaar, Woolworths Group, and Aeon Retail, which provide a wide selection of dairy products, including a wide range of yogurt varieties that are both imported and made locally.
- In the Asia-Pacific region, consumers prefer away-from-home yogurt consumption as a go-to convenience food. Yogurt sales through the on-trade channel are anticipated to grow by USD 350.94 million in 2025, up from USD 288.52 million in 2021. The growth in the segment is attributed to increasing out-of-home consumption preferences. As of 2021, Indian consumers were eating out nearly seven times a month, and over 80% of the respondents stated that they would prefer affordable casual dining options and fast-service restaurants to eat out.
- E-commerce is the fastest-growing channel for yogurt sales in the non-store retailing category in Asia-Pacific. The segment held a share of 4.81% in 2022 in the region. In 2020, 54% of Chinese customers preferred e-commerce for purchasing food products, including dairy. Group buying, live streaming, and discounts are all marketing campaigns being used to attract consumers toward e-commerce. In China, the popular e-commerce chains for yogurt sales include Tmall Global, JD Worldwide, and Pinduoduo.
| Product Type | |
| Flavored Yogurt | |
| Unflavored Yogurt |
| 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
- Butter - Butter is a yellow-to-white solid emulsion of fat globules, water, and inorganic salts produced by churning the cream from cows’ milk
- Dairy - Dairy product include milk and any of the foods made from milk, including butter, cheese, ice cream, yogurt, and condensed and dried milk.
- Frozen Desserts - Frozen dairy dessert means and includes products containing milk or cream and other ingredients which are frozen or semi-frozen prior to consumption, such as ice milk or sherbet, including frozen dairy desserts for special dietary purposes, and sorbet
- Sour Milk Drinks - Sour milk is thick, curdled milk, with a sour taste, obtained from the fermentation of milk. Sour milk drinks such as kefir, laban, buttermilk have been considered in the study
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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