China Yogurt Market Size, Share & Forecast 2026

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CHINA YOGURT MARKET FORECAST & OPPORTUNITIES FY2016 FY2026 MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com

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China Yogurt Market is expected to surpass the USD30 billion in the forecast period, owing to the increasing awareness about consuming yogurt and adding it to the regular diet.https://bit.ly/3grOGed

Transcript of China Yogurt Market Size, Share & Forecast 2026

Page 1: China Yogurt Market Size, Share & Forecast 2026

CHINA YOGURT MARKET

FORECAST & OPPORTUNITIES

FY2016 – FY2026

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

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Scope of ReportProduct of Interest (POI): Yogurt

Review Period

FY2016 – FY2019

Base Year

FY2020

Estimated Year

FY2021

Forecast Period

FY2022 – FY2026

Year RangeCHINA YOGURT MARKET

FORM

• North

• South

• East

• West

• Conventional Yogurt

• Greek Yogurt

• Set Yogurt

• Frozen Yogurt

• Yogurt Drinks

• Others

DISTRIBUTION CHANNEL

REGION

• Supermarket/Hypermarket

• Convenience Stores

• Independent Small Grocers

• Online Channel

Yogurt also spelled yoghurt, yogurt or yoghourt, is a food produced by bacterial fermentation ofmilk. The bacteria used to make yogurt are known as yogurt cultures. Fermentation of sugars inthe milk by these bacteria produces lactic acid, which acts on milk protein to give yogurt itstexture and characteristic tart flavor.

Market Segmentation

TYPE

• Flavored

• Non-Flavored

FAT CONTENT

• Regular

• Low Fat

• Fat Free

PACKAGING

• Pouches

• Plastic Bottles

• Tetra Packs

• Others

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Table of Contents

S. No. Contents

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on China Yogurt Market

4. Executive Summary

5. Voice of Customer

5.1. Factors Influencing Purchase Decision

5.2. Brand Awareness

6. China Yogurt Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Flavored and Non-Flavored)

6.2.2. By Fat Content (Regular, Low Fat and Fat Free)

6.2.3.By Form (Conventional Yogurt, Greek Yogurt, Set Yogurt, Frozen Yogurt, Yogurt Drinks and Others)

6.2.4. By Packaging (Pouches, Plastic Bottles, Tetra Packs and Others)

6.2.5.By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Independent Small Grocers, Online Channel)

6.2.6. By Region

6.2.7. By Company (2020)

6.3 Product Market Map

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Table of Contents

S. No. Contents

7. China Flavored Yogurt Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Fat Content

7.2.2. By Form

7.2.3. By Packaging

7.2.4. By Distribution Channel

8. China Non-Flavored Yogurt Market Outlook, FY2016-FY2026F

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Fat Content

8.2.2. By Form

8.2.3. By Packaging

8.2.4. By Distribution Channel

9. Market Dynamics

9.1. Drivers

9.2. Challenges

10. Trends & Developments

11. Pricing Analysis

12. Policy & Regulatory Landscape

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Table of Contents

S. N4. Contents

13. China Economic Profile

14. Competitive Landscape

14.1. Inner Mongolia Yili Industrial Group Company Limited

14.2. China Mengniu Dairy Company Limited.

14.3. Bright Dairy & Food Co. Ltd.

14.4. Xinjiang Tianrun Dairy Company Limited.

14.5. Shijiazhuang Junlebao Dairy Co., Ltd

14.6. Beijing Sanyuan Foods Co., Ltd.

14.7. Haocaitou Fujian Food Co., Ltd.

14.8. Huaxia Dairy Farm Ltd.

14.9. Nestle China Ltd.

14.10. Kowloon Dairy Limited

15. Strategic Recommendations

16. About Us & Disclaimer

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RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the China yogurt market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the China yogurt market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Research Methodology

Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of China yogurt market. The team has analyzed the

outlook of various segments of this market, while considering the major influencing factors such as increasing number of easy

availability of raw materials like milk and starter culture. The study includes market forecasting, which would enable our clients to take

better decisions while planning their strategy to achieve sustainability in China yogurt market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year FY2020 was calculated based on information collected through

exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as yogurt manufacturers,

channel partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 yogurt companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain

stakeholders in the China yogurt market to obtain the overall market size from FY2016-FY2020, which was validated by the Delphi

technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data from

FY2016-FY2020.

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Research Methodology

• Respondents were asked about the current and future market growth rates, market shares by type, by fat content, by form, by packaging, by

distribution channel, by company and by each region. Removing the outlier responses, the geometric mean of growth estimates and

provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares

generated across various segments were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by type, by fat content, by form, by packaging, by distribution channel, by region and by company were calculated based on

the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or

revenue generated from various product types of yogurt markets. The final shares were calculated by taking the geometric mean of the

responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast China yogurt

market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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Research Methodology

TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research

also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It

should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the

United States Dollar (USD), with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ 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

▪ World Bank

▪ International Monetary Fund (IMF)

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

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Industry Brief

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.

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.

“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.

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Sample Data - Snapshot

China Yogurt Market, Market Size, By Value (USD Million), FY2016–FY2026F

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

FY2016 FY2020 FY2021E FY2026F

By Value (USD Million)CAGR BY VALUE: XX% CAGR BY VALUE: XX%

China Yogurt Market Share, By Type, By Value, FY2016–FY2026F

50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%

50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%

FY2016 FY2017 FY2018 FY2019 FY2020 FY2021E FY2022F FY2023F FY2024F FY2025F FY2026F

Non-Flavored

Flavored

China Flavored Yogurt Market Share, By Packaging, By Value, FY2016–FY2026F

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

FY2016 FY2017 FY2018 FY2019 FY2020 FY2021E FY2022F FY2023F FY2024F FY2025F FY2026F

Tetra Packs

Plastic Bottles

Others

Pouches

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Report Name: CHINA YOGURT MARKET

FORECAST & OPPORTUNITIESFY2016 – FY2026

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and China. TechSci Research provides market research reports in

number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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