Study: Functional dairy products fortified with vitamins will thrive in APAC dairy, soy food sector
The robust demand for milk can be attributed to the sizeable proportion of young consumers who drink milk on a regular basis.
Owing to the growing health awareness levels across the Asia-Pacific (APAC) region, consumers are expected to switch to functional dairy products fortified with vitamins, according to research presented by GlobalData, UK.
The report, “Opportunities in the Asia-Pacific Dairy & Soy Food Sector,” reveals that the dairy and soy food sector in APAC, which was valued at $111.8 billion in 2017, is expected to register the fastest growth among regions with a compound annual growth rate (CAGR) of 6.8% over the period 2017-2022.