(Entertainment-NewsWire.com, February 22, 2018 ) According to the report Asia Pacific Flavoured Dairy Market, published by Market Data Forecast, the Asia Pacific market is projected to reach USD XX million by 2022, at a CAGR of XX% from 2017 to 2022. Flavouring agents are often used to enhance the dairy products. The agents are used for customization of taste as per public demand. They also act as vitamin supplements.
Asia Pacific Flavoured Dairy Market: Drivers & Restraints Higher purchasing power parity as a result of rising disposable incomes, paradigm shift towards healthier lifestyle choices due to rising awareness among consumers, changing dietary needs and taste preferences, and robustly expanding food and beverages industry are the primary drivers of market growth. Embargo on milk in some countries leading to a trade slump is the primary restraint of market growth.
Asia Pacific Flavoured Dairy Market: Segmentation By Product Milk Yogurt Cheese Ghee Butter Ice-cream Other By Flavour Chocolate Vanilla Strawberry and Raspberry Cardamom Rose Saffron Other By Form Liquid Solid Semisolid By End User Food & Beverage Industry Confectionery Industry Hotel or Restaurant Industry By Geography Asia-Pacific o China o India o Japan o Australia o South Korea
Asia Pacific Flavoured Dairy Market: Overview In 2016, by flavour chocolate market sub-category was the market leader and is expected to retain its lead in the aforementioned forecast period. If we go by end user than food and beverage industry is poised to record the highest CAGR in the aforementioned forecast period. Last but not the least, by product milk segment captures the largest market share and will retain its lead till the end of 2022. Asia Pacific is set on a high growth trajectory till the end of 2022. China and India are the two major emerging economies which are responsible for such robust growth of this regional market. This is primary because of growing demand due to population boom.
Asia Pacific Flavoured Dairy Market: Key Players Key players in the market include Danone, Nestlι, Mars, Incorporated and its Affiliates, Mondelz International, General Mills , Inc. , Unilever, PepsiCo, Inc., The Kraft Heinz Company, Inc. Other players in the market include GCMMF (Amul),Mother Dairy Fruit & Vegetable Pvt. Ltd. ,The Bel Group, Com Inc. ,Dean Foods,The Whitewave Foods Company.
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