According to the latest report by IMARC Group, titled “Dairy Industry in India 2022 Edition: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the dairy market in India size reached INR 13,174 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 30,840 Billion by 2027, exhibiting at a CAGR of 14.98% during 2022-2027.
The dairy industry encompasses the processing and harvesting of milk for the manufacturing of various dairy products, such as cheese, ice cream, butter, and yogurt. These goods are rich in carbohydrates, protein, calcium, potassium, phosphorus, riboflavin, and vitamins A, D, and B12, which aids in supporting body growth, building and repairing muscle tissues, maintaining strong bones, and regulating blood pressure. Apart from this, dairy production plants employ two types of processing, namely heat treatment and dehydration. These approaches help in extending the shelf life, retaining the nutritional contents, and ensuring the safety of the end-product for human consumption.
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Dairy Industry in India Market Trends:
The growth of the dairy industry in India can be primarily attributed to rapid urbanization and industrializatilong with inflating disposable incomes, which, in turn, is facilitating the demand for ready-to-eat (RTE) products, such as frozen desserts, butter, milk powder, and yogurt. In line with this, rising health consciousness and evolving food habits have further led to a shift toward organic dairy products and the establishment of fast-food chains, wherein different varieties of cheese, buttermilk, and condensed milk are employed as key ingredients. Additionally, the extensive utilization of dairy products, including milk, ghee, and paneer in diverse traditional recipes is acting as another major growth-inducing factor. Apart from this, numerous initiatives are being undertaken by the Government of India (GoI), such as the National Dairy Program (Phase-1), to improve fodder and feed availability, milk procurement network, and promote dairy farming practices, which is creating a positive outlook for the market. A significant increase in research and development (R&D) activities in the dairy industry to incorporate innovative technologies in the production and distribution process, along with the advent of modern and improving retail facilities and cold chain logistics are projected to drive the market growth further.
Dairy Industry in India Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the dairy industry in India Market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Nestlé 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
Key Market Segmentation:
The report has segmented the dairy industry in India Market based on product type and region.
Breakup by product type
- liquid milk
- frozen yogurt and cheese,
- UHT milk,
- flavored milk,
- curd,
- lassi,
- butter milk,
Breakup by region
- Uttar Pradesh
- Rajasthan
- Gujarat
- Madhya Pradesh
- Andhra Pradesh
- Telangana
- Punjab
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- 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.
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