Asian dairy market shows high potential

However, the Global Nutrition Report stated that the proportion of Asian children under 5 years old suffering from being underweight and stunting is very high, especially after Covid-19. This causes long-term effects on health care, health budgets, and productivity.

Asian thirst for dairy commodities is rising due to their nutritional value. Sales of formula milk in Asia have skyrocketed by tens of billions of USD in recent years, becoming the fastest-growing market in the world.

Global Dairy Congress Asia 2022 calculated that the average per capita milk consumption in the region is 38 liters/person/year, which is less than half of the world average.

With youthful populations, the regional dairy market is forecasted to continue to be vibrant, but will gradually shift according to the demand for healthy, environmentally friendly lifestyles and sustainable values.