IMARC Group, a leading market research company, has recently releases report titled “Dairy Industry in India 2024 Edition: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution”. The dairy industry in India statistics reached INR 16,792.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 49,953.5 Billion by 2032, exhibiting a growth rate (CAGR) of 13% during 2024-2032.
Dairy Industry in India Overview:
The rising customer demand for different and healthy dairy products is one of the factors driving the growth of the dairy industry in India. Additionally, the market is propelling owing to the increasing consumption of value-added dairy products such as flavored milk, yogurt, cheese, and probiotic drinks. Besides this, the rising awareness about the nutritional benefits of dairy, including protein, calcium, and vitamins, has further fueled this demand.
Moreover, the expansion of modern retail channels and e-commerce platforms has made a wide variety of dairy products more accessible to a broader consumer base. This trend is also supported by the increasing penetration of cold chain infrastructure, ensuring the safe and efficient distribution of perishable dairy items across the country.
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Dairy Industry in India Trends and Drivers:
Another significant driver of the dairy industry in India is the substantial investment in dairy farming and processing technologies. In addition to this, farmers are adopting advanced techniques in animal husbandry, feeding, and breeding to enhance milk yield and quality which is acting as another growth-inducing factor. The initiatives taken by government authorities, such as the National Dairy Plan and various dairy development programs, aim to boost milk production and support dairy farmers through subsidies and training.
Furthermore, the rise of organized dairy companies and cooperatives has improved the efficiency and scalability of milk collection, processing, and distribution networks. Innovations in dairy processing, including automation and the development of new dairy-based ingredients, are also anticipated to drive the dairy industry in India over the forecasted period.
Dairy Industry in India Segmentation:
Breakup by Segment:
Liquid Milk
UHT Milk
A2 Milk
Organic Milk
Flavored Milk
Curd
Lassi
Butter Milk (Chach)
Flavored and Frozen Yoghurts
Cheese
Probiotic Dairy Products
Table Butter
Ghee
Paneer
Khoya
Dairy Whitener
Skimmed Milk Powder
Ice Cream
Dairy Sweets
Cream
Whey
Milk Shake
Sweet Condensed Milk
Breakup by Region:
Karnataka
Maharashtra
Tamil Nadu
Delhi
Gujarat
Andhra Pradesh and Telangana
Uttar Pradesh
West Bengal
Kerala
Haryana
Punjab
Rajasthan
Madhya Pradesh
Bihar
Orissa
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report.
Private Dairies:
Nestle India Limited
Hatsun Agro Product Limited
Tirumala Milk Products Pvt Ltd.
Milk Food Limited
Heritage Foods India Limited
VRS Foods Limited
Bhole Baba Dairy Industries Ltd.
Kwality Ltd.
Sterling Agro Industries Limited
Parag Milk Foods Limited
SMC Foods Limited
Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=608&flag=C
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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