Food, Beverages and Tobacco Industry in Asia Pacific

January 2018

With production of USD3.0 trillion, Asia Pacific remains the world’s largest food, beverages and tobacco producer. Asia Pacific leads in the production of vegetable oils, grain mill products and commodities such as sugar, coffee, tea and spices. The industry is expected to post a 4.5% CAGR over 2016-2025, driven by growing population and rising urbanisation. Accelerating demand will also contribute to food and beverage import growth.

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Asia Pacific will maintain leading producer position globally

Asia Pacific is the world’s largest food, beverages and tobacco producer and is forecast a 4.5% CAGR over 2016-2025. Asia Pacific will continue to lead in the production of vegetable oils, grain mill products and commodities such as sugar, coffee, tea and spices.

Population increase drives food demand growth

Asia Pacific’s population is expected to show a 0.8% CAGR over 2016-2025 and reach 4.4 billion people driving demand growth for food and beverage products. India, China, Pakistan and Indonesia will increase the Asian population the most contributing to growing food consumption.

Urbanisation and income growth change consumer habits

Higher disposable income will also drive food and beverage production contributing to growing expenditure on food in Asia Pacific. Moreover, the popularity of Western diets will increase demand for dairy products and premium alcoholic drinks. Imports are expected to grow to meet growing demand for premium products.

Palm and soy bean oil - remain dominant commodity in Asia Pacific

Asia Pacific dominates the global market in palm oil and soy bean oil production and is expected to significantly contribute to food production growth and continue providing the majority of global supply.

China - Asia Pacific’s driving force

China is expected to maintain the leading position in food, beverages and tobacco manufacturing globally and increase industry turnover by 5.1% CAGR over 2016-2025 driving the entire region’s growth.

Food manufacturing is yet to reach full growth potential

Asia Pacific countries still struggle from a lack of clean water supply and poor hygiene conditions in food manufacturing facilities, thus hindering full potential industry development.


Key findings

Production Outlook

Vegetable oil and grain mill industries will drive turnover growth
Asia Pacific will continue to lead in food and beverage production
China drives global food, beverage and tobacco industry growth
Increasing alcohol consumption will boost beverages growth
Asia Pacific will dominate palm oil, coffee, tea and spices
Increasing alcohol intake will drive region’s beverages growth
China will play a crucial role in food and beverages industry growth
Food industry structure is highly diverse and specialised in Asia Pacific
Soft drinks will remain the leading beverage segment in Asia Pacific

Competitive Landscape

Small enterprises dominate food and beverages industry
Over 90% of industry turnover generated by medium to large companies

Foreign Trade

Asia Pacific exports contract as domestic consumption exceeds supply
Western lifestyle and higher income increase beverage and dairy imports

Country Snapshots

China : production context
China : foreign trade landscape
India : production context
India : foreign trade landscape
Indonesia : production context
Indonesia : foreign trade landscape
Japan : production context
Japan : foreign trade landscape
Philippines : production context
Philippines : foreign trade landscape
Bangladesh : production context
Bangladesh : foreign trade landscape
S outh Korea : production context
S outh Korea : foreign trade landscape
Thailand: production context
Thailand: foreign trade landscape
Pakistan: production context
Pakistan: foreign trade landscape
Vietnam : production context
Vietnam : foreign trade landscape
Taiwan : production context
Taiwan : foreign trade landscape
Singapore : production context
Singapore : foreign trade landscape
Uzbekistan : production context
Uzbekistan : foreign trade landscape
Hong Kong, China : production context
Hong Kong, China : foreign trade landscape
Kazakhstan : production context
Kazakhstan : foreign trade landscape
Azerbaijan : production context
Azerbaijan : foreign trade landscape

Appendix: Competitor Analytics

Competitor Analytics tool
Market Overlap
Overlap Matrices

Appendix: Industry Forecast Model

About Euromonitor International’s Industry Forecast Model
Soft drivers and the Industry Forecast Model
Growth decomposition explained
Significance and applications for growth decomposition
Key applications for Industry Forecast Models


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