China Yogurt Market Outlook & Forecast 2016-2026
China Yogurt Market to be driven by the large population and increasing reach of online channels in the fresh dairy segment across China in the forecast period.
According to TechSci Research report, “China Yogurt Market, By Type (Non-Flavored, Flavored), By Fat Content (Regular, Low Fat, Fat-Free), By Form (Conventional Yogurt, Set Yogurt, Greek Yogurt, Frozen Yogurt, Yogurt Drinks and Others), By Packaging (Pouches, Plastic Bottles, Tetra Packs and Others), By Distribution Channel (Convenience Stores, Independent Small Grocers, Supermarket/Hypermarket, Online Channel), By Region, Competition, Forecast & Opportunities, 2026”, China is the largest consumer of yogurt in the Asia Pacific region and is expected to reach approximately USD30 billion by the end of the forecast period. Yogurt market in China is driven by the large population and increasing incidence of lactose intolerance among the Chinese population. Furthermore, increasing demand for flavored yogurts such as almond and honey will drive the yogurt market in China. However, honey yogurt is already used in traditional cuisines in Beijing and this is expected to boost the yogurt market in China. Furthermore, increasing demand for yogurt made from soy milk, coconut milk, cow’s milk and sheep milk is in demand among Chinese consumers. Also, sports coaches and health professionals in China are also recommending the consumption of cow’s milk yogurt by athletes to strengthen the body and develop muscle mass faster. All these health benefits of yogurt are expected to further lead to optimistic growth in the China Yogurt Market during the forecast period.
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China Yogurt Market is further segmented into type, fat content, form, packaging, distribution channel and region. On the basis of type the China Yogurt Market is fragmented into flavored and non flavored yogurt. In the base year 2020, the flavored type yogurt held the market share of 83.45% in the China Yogurt Market, which was majorly driven by the increasing product offering by the companies in different type of flavored yogurt segment and yogurt drink segment.
Further, China Yogurt Market is segmented based on the fat content comprising of regular, low fat and fat free yogurt. In the base year 2020, regular type of yogurt held the largest market share of 63.54% in China Yogurt Market due to its low price and easy visibility on the shelves and online platforms. However, consumers in China are now showing preference for low fat and fat free yogurt types due to the increasing western influence and their enhanced benefits over regular yogurt.
On the basis of packaging type, China Yogurt Market can be divided into pouches, tetra packs, plastic bottles, and others. In the base year 2020, plastic bottles and Others segment together held 80.27% market share in the China Yogurt Market, which is majorly driven by the higher consumption of yogurt drinks and availability of various yogurt flavors in small cup size. consumers in China also prefer yogurt as an on the go drink which can be consumed anytime and anywhere.
Based on the distribution channel China Yogurt Market is segmented into convenience stores, independent small grocers, supermarket/hypermarket and online. In the base year 2020, convenience stores held the largest market share of 47.74% in the China Yogurt Market because of the intense reach of the local stores among Chinse consumers as they prefer to buy fresh dairy at the trusted and nearby stores. Furthermore, the online segment is the fastest growing mode of buying among the Chinese consumers due to the increasing reach of traditional e-commerce channels like Tmall, Taobao, and JD. Also, availability of various yogurt varieties, discounts, fast delivery, and better marketing techniques on social media platforms such as WeChat by the leading companies is expected to further drive the China Yogurt Market in the forecast period.
Some of the leading companies in the China Yogurt Market include Inner Mongolia Yili Industrial Group Company Limited, China Mengniu Dairy Company Limited., Bright Dairy & Food Co. Ltd., Xinjiang Tianrun Dairy Company Limited., Shijiazhuang Junlebao Dairy Co., Ltd., Beijing Sanyuan Foods Co., Ltd., Haocaitou Fujian Food Co., Ltd., Huaxia Dairy Farm Ltd., Nestle China Ltd., Kowloon Dairy Limited and other local and international players.
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“China Yogurt Market is already a huge market and still growing due to increasing population and business expansion by national and international companies. Chinese consumers are more experimental in their eating preferences and are opting for different types of yogurts. This is likely to further propel growth in the China Yogurt Market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“China Yogurt Market , By Type (Non-Flavored, Flavored), By Fat Content (Regular, Low Fat, Fat-Free), By Form (Conventional Yogurt, Set Yogurt, Greek Yogurt, Frozen Yogurt, Yogurt Drinks and Others), By Packaging (Pouches, Plastic Bottles, Tetra Packs and Others), By Distribution Channel (Convenience Stores, Independent Small Grocers, Supermarket/Hypermarket, Online Channel), By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of China Yogurt Market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in China Yogurt Market.
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