Understand the cultural and socioeconomic influences that shape i...
Understand the cultural and socioeconomic influences that shape industry demand throughout Asia-Pacific, with local insight, market statistics and analysis ranging from strategic regional overview to in-depth coverage by country or city.
Retail sales of drinking milk products in China are expected to see a slight decline in current value terms in 2024, due to several compounding factors. For instance, the overall economic environment remains weak, therefore dampening consumer demand.…
The lingering effects of inflation, combined with a constant rise in the cost of living in Hong Kong, have prompted a notable shift in consumer behaviour within the retail landscape. Faced with the pressure of higher everyday expenses, local…
In 2023, high inflation impacted the price of milk due to an increase in feed costs for cattle. This increased the procurement cost of milk, with major brands increasing the retail price per litre. However, demand for milk remained strong in 2023, as…
The market for drinking milk products in Indonesia is poised for mid-single digit growth in total volume terms in 2024, continuing the upward trend seen in the previous year. This growth reflects the increasing popularity of milk among Indonesians,…
In 2024, drinking milk products in Japan is expected to see an increase in retail current value terms due to rises in unit prices, following price revisions already made in 2023. However, as a result of price rises, retail volume sales are…
Drinking milk products is seeing strong retail value growth and healthy retail volume growth in Kazakhstan in 2024, supported by the fact that milk is a staple in the country and enjoys solid baseline demand. The positive birth rates in the country…
Following healthy retail volume growth through the review period, drinking milk products in Malaysia is projected to see stabilisation in 2024, with a slight overall drop in demand. The average retail current unit price of drinking milk products is…
In 2024, Olper’s has solidified its position as a leader in drinking milk products in Pakistan. The brand's extensive distribution network, consistent product quality, and innovative marketing strategies have been instrumental in its ascendance to…
Fresh milk is generally preferred over shelf stable milk by consumers in Singapore, with higher sales historically. This is set to continue in 2024, with fresh milk expected to account for a 57% share of total volume sales of cow’s milk. However, in…
In 2023, drinking milk products in South Korea is expected to continue to thrive in current value terms, building on the positive growth seen in the previous year. However, this growth trajectory varies significantly at the category level, and the…