India Yogurt Market Outlook 2023

  • ID: 4465661
  • Report
  • Region: Global, India
  • 166 Pages
  • Bonafide Research
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until Sep 30th 2018
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FEATURED COMPANIES

  • Heritage Foods Limited
  • Nestle India Limited
  • Parag Milk Foods Limited
  • Prabhat Dairy Limited
  • VRS Foods Limited
  • MORE

Indian consumers are in transitional phase wherein they are shifting from unpackaged or lose Yogurt to packaged Yogurt. In this phase, Retail Yogurt makers and Yogurt service chains are helping Indians to move ahead and have healthy and tasty Yogurt replacing old practices. They are fighting with each to have lion's share in the overall Yogurt market in the country.

Indian was known of the Yogurt from past but only in the form of Curd/Dahi, Lassi and Buttermilk not any other form. With the passage of time, westernisation and increased health awareness Yogurt in Frozen form were demanded. Companies operating outside Indian and operating in India took these challenges and came up with various flavours of Frozen Yogurt in India. In initial stage, it had faced tough times as most of Indian homes set Curd/Dahi at their own and consumes daily. So it was challenging to convince them with frozen Yogurt offered by companies and retail chains. But with its taste, benefits, attractive look started to gain attention of people. Retail Yogurt makers like Amul. Danone, Mother Dairy, Britannia, Parag Foods are offering various Yogurt by competing Yogurt service chin like Cocoberry, Red Mango, Menchie's, Forever Yogurt and Flavour24.

According to reports 'India Yogurt Market Outlook, 2023' published by Bonafide Research, India Yogurt market has witnessed growth rate around 17% from past six years from 2011-12 to 2016-17. Its total Yogurt market is consist Organised and Unorganised Yogurt market wherein Unorganised Yogurt market dominates the Organised one. Organised Yogurt market is further segmented into Retail Yogurt Market and Yogurt Service Market. Retail Yogurt market is tracked by Yogurt service Chain market by holding around 95% market share. Both the markets are divided in Spoonful Yogurt and Drinkable Yogurt in which Spoonful has bigger pie. In case of Retail Yogurt market, players like GCMMF, Mother Dairy, Nestle India and Parag Milk Foods have held more than 50% of the market. On the other side, Yogurt service chain market, Flavours24, Cocoberry, Red Mango has constituted 30% of the service chain market in the year 2016-17.

Players whether retail or service chain widening their portfolio of Yogurt to serve Indian consumers. Amul launched an all natural probiotic vitamins fortified flavored Yogurt under the brand name 'Flaavyo' in early 2011 with two flavours Mango and Strawberry. Following the trend Mother Dairy had also launched its Yogurt in Mango, Blueberry and Raspberry flavours. Parag Foods has introduced Go Yogurt with an Indian twist in four flavours Strawberry, Mango, Banana & Pineapple. Recently it has highest flavour of Yogurt apart from above flavours namely Mixed Berry, Lychee, Guava, Vanilla and Kesar. The words ‘Greek Yogurt’ is most often associated with Epigamia, the first Greek Yogurt in India. It is manufactured and distributed by the Drum Food International. It is followed by Nestle In 2016 and Danone in 2017. Apart from these Giants Cooperative dairy (Paras dairy, Tirumala Milk Products, KMF) and regional players are also offering wide varieties of frozen Yogurt.

In the matter of Yogurt service chain, Cocoberry is the first home grown service chain founded in year 2009. Red Mango, the U.S-headquartered frozen Yogurt has tracked Cocoberry and came in India in 2012. Another franchise for South Korean brand Yogurberry for North and East India started offering its frozen Yogurt. Kiwi Kiss owned by Brand Calculus Franchising also offers of the Frozen Yogurt mostly in South India. Flavour24 is also home grown Yogurt service chain in India established in August 2012; they currently operate 24 outlets across the country. Forever Yogurt is third franchise of the Polo foods in India. It is the Master Franchisee of Forever Yogurt not only in India but also for the countries like Bangladesh, Sri Lanka, Bhutan, Myanmar and Nepal. Thus all these players are doing hot up and make up og frozen Yogurt market in India and giving fire to the overall Yogurt market.

Major companies that operate into the Yogurt market in India are Gujarat Co-operative Milk Marketing Federation Limited, Mother Dairy Fruit & Vegetable Private Limited, Parag Milk Foods Limited, Prabhat Dairy Limited, Drums Food International Private Limited, Hatsun Agro Product Limited, Heritage Foods Limited, Karnataka Cooperative Milk Producers Federation, Tirumala Milk Products Private Limited, VRS Foods Limited, Nestle India Limited, Danone Foods and Beverages India Private Limited, Britannia Dairy Private Limited, Cocoberry Restaurants and Distributors Private Limited, Team24 Foods & Beverages Private Limited (Flavours24), Maez One Retail and Food Private Limited (Red Mango), Brand Calculus Franchising (India) Private Limited (Kiwi kiss), Polo Foods QSR Private Limited, MOI Retail Private Limited, Fonterra India Private Limited, PepsiCo India Holdings Pvt. Ltd., Modern Cream Dairy Industries Pvt. Ltd.

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FEATURED COMPANIES

  • Heritage Foods Limited
  • Nestle India Limited
  • Parag Milk Foods Limited
  • Prabhat Dairy Limited
  • VRS Foods Limited
  • MORE

1. Executive Summary

2. Report Scope & Methodology

3. Investments in Indian Dairy Industry

4. Global Yogurt Market Outlook
5. India Yogurt Market Outlook
5.1. Market Size By Value
5.2. Market Share By Organized Vs. Unorganized
5.3. India Organized Yogurt Market Outlook
5.3.1. Market Size By Value
5.3.1.1. Overall Market
5.3.1.2. Spoonful Yogurt Market
5.3.1.3. Drinkable Yogurt Market
5.3.2. Market Share
5.3.2.1. By Category (Spoonful Vs. Drinkable)
5.3.2.2. By Packaged/ Retail Vs. Service Chain
5.4. India Unorganized Yogurt Market Outlook

6. India Packaged/ Retail Yogurt Market Outlook
6.1. Market Size By Value
6.2. Market Share
6.2.1. By Company
6.2.2. By Region
6.2.3. By Category
6.3. India Packaged/ Retail Spoonful Yogurt Market
6.3.1. Market Size By Value
6.3.1.1. Overall Market
6.3.1.2. Plain/ Natural Yogurt Market
6.3.1.3. Frozen Yogurt Market
6.3.2. Market Share
6.3.2.1. By Company
6.3.2.2. By Product Type
6.3.3. Packaging Analysis
6.3.4. Product Price & Variant Analysis
6.4. India Packaged/ Retail Drinkable Yogurt Market
6.4.1. Market Size By Value
6.4.1.1. Overall Market
6.4.1.2. Buttermilk Market
6.4.1.3. Lassi Market
6.4.2. Market Share
6.4.2.1. By Company
6.4.2.2. By Product Type
6.4.3. Packaging Analysis
6.4.4. Product Price & Variant Analysis

7. India Yogurt Service Chain Market Outlook
7.1. Market Size By Value
7.1.1. Overall Market
7.1.2. Spoonful Yogurt Market (Frozen)
7.1.3. Drinkable Yogurt Market (Yogurt Based Smoothies)
7.2. Market Share
7.2.1. By Company
7.2.2. By Category
7.3. Product Price & Variant Analysis

8. India Economic Profile

9. Policy & Regulatory Landscape

10. PEST Analysis

11. Trade Dynamics
11.1. Import
11.2. Export

12. Channel Partner Analysis

13. India Yogurt Market Dynamics
13.1. Key Drivers
13.2. Key Challenges

14. Market Trends & Developments
14.1. Yogurt Becoming a Everyday Habit
14.2. Launch of New Products and various Varieties'
14.3. Frozen Yogurt and Drinking Yogurts are in Trend
14.4. Introduction of healthier-Greek and Probiotic Yogurts
14.5. Players are shifting from Milk to Value Added products

15. Competitive Landscape
15.1. Porter's Five Forces
15.2. Company Profiles
15.2.1. Gujarat Co-operative Milk Marketing Federation Limited
15.2.2. Mother Dairy Fruit & Vegetable Private Limited
15.2.3. Parag Milk Foods Limited
15.2.4. Prabhat Dairy Limited
15.2.5. Drums Food International Private Limited
15.2.6. Hatsun Agro Product Limited
15.2.7. Heritage Foods Limited
15.2.8. Karnataka Cooperative Milk Producers Federation
15.2.9. Tirumala Milk Products Private Limited
15.2.10. VRS Foods Limited
15.2.11. Nestle India Limited
15.2.12. Danone Foods and Beverages India Private Limited
15.2.13. Britannia Dairy Private Limited
15.2.14. Cocoberry Restaurants and Distributors Private Limited
15.3. Company Overview
15.3.1. Team24 Foods & Beverages Private Limited (Flavours24)
15.3.2. Maez One Retail and Food Private Limited (Red Mango)
15.3.3. Brand Calculus Franchising (India) Private Limited (Kiwi kiss)
15.3.4. Polo Foods QSR Private Limited
15.3.5. MOI Retail Private Limited
15.3.6. Fonterra India Private Limited
15.3.7. PepsiCo India Holdings Pvt. Ltd.
15.3.8. Modern Cream Dairy Industries Pvt. Ltd.

16. Strategic Recommendations

17. Disclaimer

List of Figures
Figure-1: India Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-2: India Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-3: India Yogurt Market Share - By Organized Vs. Unorganized 2016-17 & 2022-23F
Figure-4: India Organized Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-5: India Organized Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-6: India Spoonful Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-7: India Spoonful Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-8: India Drinkable Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-9: India Drinkable Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-10: India Organized Yogurt Market Share - By Spoonful Vs. Drinkable 2016-17 & 2022-23F
Figure-11: India Organized Yogurt Market Share - By Packaged/ Retail Vs. Service Chain 2016-17 & 2022-23F
Figure-12: India Unorganized Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-13: India Unorganized Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-14: India Packaged/ Retail Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-15: India Packaged/ Retail Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-16: India Packaged/ Retail Yogurt Market Share - By Company 2016-17
Figure-17: India Packaged/ Retail Yogurt Market Share - By Region 2016-17
Figure-18: India Packaged/ Retail Yogurt Market Share - By Category 2016-17 & 2022-23F
Figure-19: India Packaged/ Retail Spoonful Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-20: India Packaged/ Retail Yogurt Spoonful Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-21: India Plain/ Natural Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-22: India Plain/ Natural Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-23: India Frozen Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-24: India Frozen Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-25: India Packaged/ Retail Spoonful Yogurt Market Share - By Company 2016-17
Figure-26: India Packaged/ Retail Spoonful Yogurt Market Share - By Product Type 2016-17 & 2022-23F
Figure-27: India Packaged/ Retail Drinkable Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-28: India Packaged/ Retail Drinkable Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-29: India Buttermilk Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-30: India Buttermilk Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-31: India Lassi Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-32: India Lassi Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-33: India Packaged/ Retail Drinkable Yogurt Market Share - By Company 2016-17
Figure-34: India Packaged/ Retail Drinkable Yogurt Market Share - By Product Type 2016-17 & 2022-23F
Figure-35: India Yogurt Service Chain Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-36: India Yogurt Service Chain Market Size - By Value 2017-18F to 2022-23F (INR Crore)
Figure-37: India Spoonful Yogurt Service Chain Market Size - By Value 2011-12 to 2022F-23F (INR Crore)
Figure-38: India Drinkable Yogurt Market Size - By Value 2011-12 to 2022F-23F (INR Crore)
Figure-39: India Yogurt Service Chain Market Share - By Company 2016-17
Figure-40: India Yogurt Service Chain Market Share - By Category 2016-17 & 2022-23F

List of Tables
Table-1: Packaging Analysis of Spoonful Yogurt Brands In India 2017
Tabl-2: Product Price & Variant Analysis of Spoonful Yogurt in India
Table-3: Packaging Analysis of Drinkable Yogurt Brands in India 2017
Table- 4: Product Price & Variant Analysis of Drinkable Yogurt Brands Available in India 2017
Table- 5: Product Price & Variant Analysis of Yogurt Service Chain Brands Available in India 2017
Table-6: India Economic Profile - 2015
Table-7: HS Code for Yogurt in India 2017
Table-8: Import Duty Structure for Yogurt in India 2017
Table-9: Import of Yogurt - Value & Volume 2011-12 to 2016-17
Table-10: Import of Yogurt in India - By Country By Volume Share 2016-17
Table-11: Export of Yogurt - Value & Volume 2011-12 to 2016-17
Table-12: Export of Yogurt in India - By Country By Volume Share 2016-17
Table-13: Key Facts of Gujarat Co-operative Milk Marketing Federation Ltd.
Table-14: Key Facts of Mother Dairy Fruit & Vegetable Pvt. Ltd.
Table-15: Key Facts of Parag Food Pvt Ltd
Table-16: Key Facts of Prabhat Dairy Limited
Table-17: Key Facts of Drums Food International Private Limited
Table-18: Key Facts of Hatsun Agro Product Limited
Table-19: Key Facts of Heritage Foods Limited
Table-20: Key Facts of Karnataka Cooperative Milk Producers' Federation Limited
Table-21: Key Facts of Tirumala Milk Products Private Limited
Table-22: Key Facts of VRS Foods Limited
Table-23: Key Facts of NESTLE India Ltd.
Table-24: Key Facts of Danone Food and Beverages India Pvt. Ltd
Table-25: Key Facts of Britannia Industries Ltd
Table-26: Key Facts of Cocoberry Restaurants and Distributors

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  • Brand Calculus Franchising (India) Private Limited (Kiwi kiss)
  • Britannia Dairy Private Limited
  • Cocoberry Restaurants and Distributors Private Limited
  • Danone Foods and Beverages India Private Limited
  • Drums Food International Private Limited
  • Fonterra India Private Limited
  • Gujarat Co-operative Milk Marketing Federation Limited
  • Hatsun Agro Product Limited
  • Heritage Foods Limited
  • Karnataka Cooperative Milk Producers Federation
  • MOI Retail Private Limited
  • Maez One Retail and Food Private Limited (Red Mango)
  • Modern Cream Dairy Industries Pvt. Ltd.
  • Mother Dairy Fruit & Vegetable Private Limited
  • Nestle India Limited
  • Parag Milk Foods Limited
  • PepsiCo India Holdings Pvt. Ltd.
  • Polo Foods QSR Private Limited
  • Prabhat Dairy Limited
  • Team24 Foods & Beverages Private Limited (Flavours24)
  • Tirumala Milk Products Private Limited
  • VRS Foods Limited
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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