The Asia Pacific Drinking Yogurt Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,881.5 million litres, showcasing a growth of 6.3% (2019-2022).
Yogurt beverages are produced by incorporating yogurt, either solo or combined with negligible water, into a liquid state. These beverages may vary in viscosity from exceedingly thick to extremely delicate consistency. Most manufacturers in the market produce flavored and unflavored yogurt beverages to offer consumers a selection. Kefir and buttermilk are differentiated from yogurt drinks due to minor fermentation changes. Kefir beverages are produced during the butter extraction process from milk, whereas buttermilk results from this process.
As a refreshment instead of desserts and beverages that are excessively sweet or high in calories, yogurt is frequently consumed for its nutritional value and as a recreational beverage. Health-conscious consumers searching for beverages and foods that provide more vital nutrients can enjoy yogurt drinks as a nutritious and healthy refreshment option. Because yogurt beverages can boost immunity, they are frequently used as a dietary supplement to prevent and enhance health and wellness. As a result of their cooling effects on the body and favorable health benefits, these beverages are consumed daily in many regions of the globe. This contributes to the growth of the market in areas with hotter climates.
According to the US Department of Agriculture, in 2021, India's HRI sector was valued at $61.4 billion. The industry is estimated to reach $110 billion by 2025. India's expanding youth population comprises 65 percent of its population and is mainly responsible for driving this growth. Rising disposable incomes, aspiration for better lifestyles, increased tourism, changing consumer habits, and high interest in imported products and new cuisines are key factors driving the HRI sector. India's HRI sector is valued at over $250 billion and contributes nearly 10 percent to the country's GDP. The rising middle-class population and changing lifestyles in India have led to an increased inclination towards dining out. As more consumers opt for meals outside the home, the HRI sector provides a significant platform for consuming convenient on-the-go products like yogurt. Therefore, the factors mentioned above will propel market growth in this region.
The China market dominated the Asia Pacific Drinking Yogurt Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,029.7 million by 2030. The Japan market is experiencing a CAGR of 5.5% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 6.9% during (2023 - 2030).
Free Valuable Insights: The Global Drinking Yogurt Market is Predict to reach $ 58.2 Billion by 2030, at a CAGR of 6.1%
Based on Type, the market is segmented into Dairy Based, and Non-Dairy Based. Based on Packaging, the market is segmented into Bottles, and Tetra Pack. Based on Flavor, the market is segmented into Flavored (Chocolate, Vanilla, Berries, Mango, and Others), and Plain. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Million Litres, USD Billion, 2019-2030)
By Packaging (Volume, Million Litres, USD Billion, 2019-2030)
By Flavor (Volume, Million Litres, USD Billion, 2019-2030)
By Distribution Channel (Volume, Million Litres, USD Billion, 2019-2030)
By Country (Volume, Million Litres, USD Billion, 2019-2030)
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