Asia Pacific Milk Powder Market Size, Share & Trends Analysis Report By Product Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Enrich Milk Powder and Others), By Application, By Country and Growth Forecast, 2023 - 2030

The Asia Pacific Milk Powder Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030).

The milk powder market is a pivotal sector within the dairy industry, characterized by its versatility, nutritional significance, and widespread applicability across various consumer segments and industries. Derived from liquid milk's evaporation and spray drying, it represents a concentrated form of dairy goodness that retains essential nutrients, including proteins, vitamins, and minerals, while offering enhanced shelf stability and convenience

Additionally, In the dairy landscape, the market is a vital link between dairy producers, manufacturers, retailers, and consumers, facilitating the exchange of dairy products across local, regional, and international markets.

huge raw milk production in China supports a robust its production industry. According to the U.S. Department of Agriculture, raw milk production in China reached nearly 41.7 million metric tons in 2023. Furthermore, high raw milk production in China shapes the dynamics of the market by influencing domestic supply and demand, facilitating its production, creating export opportunities, impacting market trends, and necessitating regulatory oversight. Therefore, high milk production in the region is propelling the growth of the market.

The China market dominated the Asia Pacific Milk Powder Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,202.7 Million by 2030. The Japan market is exhibiting a CAGR of 4.3% during (2023 - 2030). Additionally, The India market would experience a CAGR of 5.7% during (2023 - 2030).

Free Valuable Insights: The Global Milk Powder Market is Predict to reach $ 43.8 billion by 2030, at a CAGR of 4.7%

Based on Product Type, the market is segmented into Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Enrich Milk Powder and Others. Based on Application, the market is segmented into Bakery & Confectionery, Infant Formula, Ice-Creams, Nutrition Food, Sweets & Savories, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

• Arla Foods, Inc.
• Dairy Farmers of America, Inc.
• Fonterra Co-operative Group Limited
• Nestle S.A.
• Royal FrieslandCampina N.V.
• Saputo, Inc.
• Schreiber Foods, Inc.
• The Kraft Heinz Company
• Danone S.A.
• DANA Dairy Group Ltd.

Asia Pacific Milk Powder Market Report Segmentation

By Product Type

• Whole Milk Powder
• Skimmed Milk Powder
• Dairy Whitener
• Buttermilk Powder
• Fat Enrich Milk Powder
• Others

By Application

• Bakery & Confectionery
• Infant Formula
• Ice-Creams
• Nutrition Food
• Sweets & Savories
• Others

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Milk Powder Market, by Product Type
1.4.2 Asia Pacific Milk Powder Market, by Application
1.4.3 Asia Pacific Milk Powder Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. Asia Pacific Milk Powder Market by Product Type
4.1 Asia Pacific Whole Milk Powder Market by Country
4.2 Asia Pacific Skimmed Milk Powder Market by Country
4.3 Asia Pacific Dairy Whitener Market by Country
4.4 Asia Pacific Buttermilk Powder Market by Country
4.5 Asia Pacific Fat Enrich Milk Powder Market by Country
4.6 Asia Pacific Others Market by Country

Chapter 5. Asia Pacific Milk Powder Market by Application
5.1 Asia Pacific Bakery & Confectionery Market by Country
5.2 Asia Pacific Infant Formula Market by Country
5.3 Asia Pacific Ice-Creams Market by Country
5.4 Asia Pacific Nutrition Food Market by Country
5.5 Asia Pacific Sweets & Savories Market by Country
5.6 Asia Pacific Others Market by Country

Chapter 6. Asia Pacific Milk Powder Market by Country
6.1 China Milk Powder Market
6.1.1 China Milk Powder Market by Product Type
6.1.2 China Milk Powder Market by Application
6.2 Japan Milk Powder Market
6.2.1 Japan Milk Powder Market by Product Type
6.2.2 Japan Milk Powder Market by Application
6.3 India Milk Powder Market
6.3.1 India Milk Powder Market by Product Type
6.3.2 India Milk Powder Market by Application
6.4 South Korea Milk Powder Market
6.4.1 South Korea Milk Powder Market by Product Type
6.4.2 South Korea Milk Powder Market by Application
6.5 Australia Milk Powder Market
6.5.1 Australia Milk Powder Market by Product Type
6.5.2 Australia Milk Powder Market by Application
6.6 Malaysia Milk Powder Market
6.6.1 Malaysia Milk Powder Market by Product Type
6.6.2 Malaysia Milk Powder Market by Application
6.7 Rest of Asia Pacific Milk Powder Market
6.7.1 Rest of Asia Pacific Milk Powder Market by Product Type
6.7.2 Rest of Asia Pacific Milk Powder Market by Application

Chapter 7. Company Profiles
7.1 Arla Foods, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.1.5.3 Geographical Expansions:
7.1.6 SWOT Analysis
7.2 Dairy Farmers of America, Inc.
7.2.1 Company Overview
7.2.2 SWOT Analysis
7.3 Fonterra Co-operative Group Limited
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Nestle S.A
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Royal FrieslandCampina N.V.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 Saputo, Inc.
7.6.1 Company overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 SWOT Analysis
7.7 Schreiber Foods, Inc.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 The Kraft Heinz Company
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.6 SWOT Analysis
7.9 Danone S.A.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Category and Regional Analysis
7.9.4 SWOT Analysis
7.10. DANA Dairy Group Ltd.
7.10.1 Company Overview
7.10.2 SWOT Analysis

TABLE 1 Asia Pacific Milk Powder Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Milk Powder Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Milk Powder Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Milk Powder Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Milk Powder Market by Product Type, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Milk Powder Market by Product Type, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Milk Powder Market by Product Type, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Milk Powder Market by Product Type, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Whole Milk Powder Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Whole Milk Powder Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Whole Milk Powder Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Whole Milk Powder Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Skimmed Milk Powder Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Skimmed Milk Powder Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Skimmed Milk Powder Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Skimmed Milk Powder Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Dairy Whitener Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Dairy Whitener Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Dairy Whitener Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Dairy Whitener Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Buttermilk Powder Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Buttermilk Powder Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Buttermilk Powder Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Buttermilk Powder Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Fat Enrich Milk Powder Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Fat Enrich Milk Powder Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Fat Enrich Milk Powder Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Fat Enrich Milk Powder Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Milk Powder Market by Application, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Milk Powder Market by Application, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Milk Powder Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Milk Powder Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 37 Asia Pacific Bakery & Confectionery Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Bakery & Confectionery Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Bakery & Confectionery Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Asia Pacific Bakery & Confectionery Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Asia Pacific Infant Formula Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Infant Formula Market by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Infant Formula Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 Asia Pacific Infant Formula Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 Asia Pacific Ice-Creams Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific Ice-Creams Market by Country, 2023 - 2030, USD Million
TABLE 47 Asia Pacific Ice-Creams Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 Asia Pacific Ice-Creams Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 Asia Pacific Nutrition Food Market by Country, 2019 - 2022, USD Million
TABLE 50 Asia Pacific Nutrition Food Market by Country, 2023 - 2030, USD Million
TABLE 51 Asia Pacific Nutrition Food Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 Asia Pacific Nutrition Food Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 Asia Pacific Sweets & Savories Market by Country, 2019 - 2022, USD Million
TABLE 54 Asia Pacific Sweets & Savories Market by Country, 2023 - 2030, USD Million
TABLE 55 Asia Pacific Sweets & Savories Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 Asia Pacific Sweets & Savories Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 58 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 59 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 60 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 61 Asia Pacific Milk Powder Market by Country, 2019 - 2022, USD Million
TABLE 62 Asia Pacific Milk Powder Market by Country, 2023 - 2030, USD Million
TABLE 63 Asia Pacific Milk Powder Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 64 Asia Pacific Milk Powder Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 65 China Milk Powder Market, 2019 - 2022, USD Million
TABLE 66 China Milk Powder Market, 2023 - 2030, USD Million
TABLE 67 China Milk Powder Market, 2019 - 2022, Kilo Tonnes
TABLE 68 China Milk Powder Market, 2023 - 2030, Kilo Tonnes
TABLE 69 China Milk Powder Market by Product Type, 2019 - 2022, USD Million
TABLE 70 China Milk Powder Market by Product Type, 2023 - 2030, USD Million
TABLE 71 China Milk Powder Market by Product Type, 2019 - 2022, Kilo Tonnes
TABLE 72 China Milk Powder Market by Product Type, 2023 - 2030, Kilo Tonnes
TABLE 73 China Milk Powder Market by Application, 2019 - 2022, USD Million
TABLE 74 China Milk Powder Market by Application, 2023 - 2030, USD Million
TABLE 75 China Milk Powder Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 China Milk Powder Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Japan Milk Powder Market, 2019 - 2022, USD Million
TABLE 78 Japan Milk Powder Market, 2023 - 2030, USD Million
TABLE 79 Japan Milk Powder Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Japan Milk Powder Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Japan Milk Powder Market by Product Type, 2019 - 2022, USD Million
TABLE 82 Japan Milk Powder Market by Product Type, 2023 - 2030, USD Million
TABLE 83 Japan Milk Powder Market by Product Type, 2019 - 2022, Kilo Tonnes
TABLE 84 Japan Milk Powder Market by Product Type, 2023 - 2030, Kilo Tonnes
TABLE 85 Japan Milk Powder Market by Application, 2019 - 2022, USD Million
TABLE 86 Japan Milk Powder Market by Application, 2023 - 2030, USD Million
TABLE 87 Japan Milk Powder Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Japan Milk Powder Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 India Milk Powder Market, 2019 - 2022, USD Million
TABLE 90 India Milk Powder Market, 2023 - 2030, USD Million
TABLE 91 India Milk Powder Market, 2019 - 2022, Kilo Tonnes
TABLE 92 India Milk Powder Market, 2023 - 2030, Kilo Tonnes
TABLE 93 India Milk Powder Market by Product Type, 2019 - 2022, USD Million
TABLE 94 India Milk Powder Market by Product Type, 2023 - 2030, USD Million
TABLE 95 India Milk Powder Market by Product Type, 2019 - 2022, Kilo Tonnes
TABLE 96 India Milk Powder Market by Product Type, 2023 - 2030, Kilo Tonnes
TABLE 97 India Milk Powder Market by Application, 2019 - 2022, USD Million
TABLE 98 India Milk Powder Market by Application, 2023 - 2030, USD Million
TABLE 99 India Milk Powder Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 100 India Milk Powder Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 101 South Korea Milk Powder Market, 2019 - 2022, USD Million
TABLE 102 South Korea Milk Powder Market, 2023 - 2030, USD Million
TABLE 103 South Korea Milk Powder Market, 2019 - 2022, Kilo Tonnes
TABLE 104 South Korea Milk Powder Market, 2023 - 2030, Kilo Tonnes
TABLE 105 South Korea Milk Powder Market by Product Type, 2019 - 2022, USD Million
TABLE 106 South Korea Milk Powder Market by Product Type, 2023 - 2030, USD Million
TABLE 107 South Korea Milk Powder Market by Product Type, 2019 - 2022, Kilo Tonnes
TABLE 108 South Korea Milk Powder Market by Product Type, 2023 - 2030, Kilo Tonnes
TABLE 109 South Korea Milk Powder Market by Application, 2019 - 2022, USD Million
TABLE 110 South Korea Milk Powder Market by Application, 2023 - 2030, USD Million
TABLE 111 South Korea Milk Powder Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 112 South Korea Milk Powder Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 113 Australia Milk Powder Market, 2019 - 2022, USD Million
TABLE 114 Australia Milk Powder Market, 2023 - 2030, USD Million
TABLE 115 Australia Milk Powder Market, 2019 - 2022, Kilo Tonnes
TABLE 116 Australia Milk Powder Market, 2023 - 2030, Kilo Tonnes
TABLE 117 Australia Milk Powder Market by Product Type, 2019 - 2022, USD Million
TABLE 118 Australia Milk Powder Market by Product Type, 2023 - 2030, USD Million
TABLE 119 Australia Milk Powder Market by Product Type, 2019 - 2022, Kilo Tonnes
TABLE 120 Australia Milk Powder Market by Product Type, 2023 - 2030, Kilo Tonnes
TABLE 121 Australia Milk Powder Market by Application, 2019 - 2022, USD Million
TABLE 122 Australia Milk Powder Market by Application, 2023 - 2030, USD Million
TABLE 123 Australia Milk Powder Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 124 Australia Milk Powder Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 125 Malaysia Milk Powder Market, 2019 - 2022, USD Million
TABLE 126 Malaysia Milk Powder Market, 2023 - 2030, USD Million
TABLE 127 Malaysia Milk Powder Market, 2019 - 2022, Kilo Tonnes
TABLE 128 Malaysia Milk Powder Market, 2023 - 2030, Kilo Tonnes
TABLE 129 Malaysia Milk Powder Market by Product Type, 2019 - 2022, USD Million
TABLE 130 Malaysia Milk Powder Market by Product Type, 2023 - 2030, USD Million
TABLE 131 Malaysia Milk Powder Market by Product Type, 2019 - 2022, Kilo Tonnes
TABLE 132 Malaysia Milk Powder Market by Product Type, 2023 - 2030, Kilo Tonnes
TABLE 133 Malaysia Milk Powder Market by Application, 2019 - 2022, USD Million
TABLE 134 Malaysia Milk Powder Market by Application, 2023 - 2030, USD Million
TABLE 135 Malaysia Milk Powder Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 136 Malaysia Milk Powder Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 137 Rest of Asia Pacific Milk Powder Market, 2019 - 2022, USD Million
TABLE 138 Rest of Asia Pacific Milk Powder Market, 2023 - 2030, USD Million
TABLE 139 Rest of Asia Pacific Milk Powder Market, 2019 - 2022, Kilo Tonnes
TABLE 140 Rest of Asia Pacific Milk Powder Market, 2023 - 2030, Kilo Tonnes
TABLE 141 Rest of Asia Pacific Milk Powder Market by Product Type, 2019 - 2022, USD Million
TABLE 142 Rest of Asia Pacific Milk Powder Market by Product Type, 2023 - 2030, USD Million
TABLE 143 Rest of Asia Pacific Milk Powder Market by Product Type, 2019 - 2022, Kilo Tonnes
TABLE 144 Rest of Asia Pacific Milk Powder Market by Product Type, 2023 - 2030, Kilo Tonnes
TABLE 145 Rest of Asia Pacific Milk Powder Market by Application, 2019 - 2022, USD Million
TABLE 146 Rest of Asia Pacific Milk Powder Market by Application, 2023 - 2030, USD Million
TABLE 147 Rest of Asia Pacific Milk Powder Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 148 Rest of Asia Pacific Milk Powder Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 149 Key information – Arla Foods, Inc.
TABLE 150 Key Information – Dairy Farmers of America, Inc.
TABLE 151 key information – Fonterra Co-operative Group Limited
TABLE 152 Key Information – Nestle S.A
TABLE 153 Key Information – Royal FrieslandCampina N.V.
TABLE 154 Key Information – Saputo, Inc.
TABLE 155 Key Information – Schreiber Foods, Inc.
TABLE 156 Key Information – The Kraft Heinz Company
TABLE 157 Key information – Danone S.A.
TABLE 158 Key Information – DANA Dairy Group Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Milk Powder Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Milk Powder Market
FIG 4 Porter’s Five Forces Analysis – Milk Powder Market
FIG 5 Asia Pacific Milk Powder Market share by Product Type, 2022
FIG 6 Asia Pacific Milk Powder Market share by Product Type, 2030
FIG 7 Asia Pacific Milk Powder Market by Product Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific Milk Powder Market share by Application, 2022
FIG 9 Asia Pacific Milk Powder Market share by Application, 2030
FIG 10 Asia Pacific Milk Powder Market by Application, 2019 - 2030, USD Million
FIG 11 Asia Pacific Milk Powder Market share by Country, 2022
FIG 12 Asia Pacific Milk Powder Market share by Country, 2030
FIG 13 Asia Pacific Milk Powder Market by Country, 2019 - 2030, USD Million
FIG 14 Recent strategies and developments: Arla Foods, Inc.
FIG 15 SWOT Analysis: Arla Foods, Inc.
FIG 16 SWOT Analysis: Dairy Farmers of Americas, Inc.
FIG 17 SWOT Analysis: Fonterra Co-operative Group Limited
FIG 18 SWOT Analysis: Nestle S.A
FIG 19 SWOT Analysis: Royal FrieslandCampina N.V.
FIG 20 SWOT Analysis: Saputo, Inc.
FIG 21 SWOT Analysis: Schreiber Foods, Inc.
FIG 22 SWOT Analysis: The Kraft Heinz Company
FIG 23 SWOT Analysis: Danone, S.A.
FIG 24 SWOT Analysis: DANA Dairy Group Ltd.