India Packaged (Retail) Yogurt Market Outlook 2023

  • ID: 4465663
  • Report
  • Region: India
  • 133 Pages
  • Bonafide Research
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until Sep 30th 2018
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Indian Consumers are in Transitional Period Shifting from Unpackaged/Unbranded Yogurt to Packaged/Branded Yogurt

FEATURED COMPANIES

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

Indian customers across the country shift from unpackaged to packaged dairy products, be it butter, yoghurt, ghee or, ice-creams and consumption of value added dairy products such as yogurt has gone up in urban homes. This is due to the phenomenon of working couples, single men and women with high disposable income also provided the impetus to look at the category with fresh eyes.

Specifically for India, yogurt includes curd/dahi, shrikhand, raita, mishit doi, buttermilk, Lassi etc which all were made at home since past are now bought by urban couples and single working women. Young females who are working find it a good idea to get the yogurt or dahi from outside instead of setting it at home. All these create an opportunity for commercially produced yogurt and companies are focusing on that opportunity. It is an extremely attractive market, both because of its size and its potential. Over the past few years, though, a couple of things have changed to make the market vastly more attractive to the player.

According to the report 'India Packaged Yogurt Market Outlook, 2023', India packaged/retail yogurt market has grown with 23% of CAGR approximately from the year 2011-12 to 2016-17. It is segmented in to Spoonful yogurt and Drinkable Yogurt. Spoonful yogurt market is further divided into Plain/ Natural yogurt, Frozen yogurt and others(Greek Yogurt, shrikhand, probiotic yogurt, mishit doi) whereas Drinkable yogurt are divided in Lassi, Buttermilk and others (raita). GCMMF is the market leader in both the segment. Region-wise, North and South have constituted more than 65% in the year 2016-17. In the spoonful yogurt, Plain/Natural yogurt has dominance over frozen yogurt and other yogurt. In the drinkable yogurt, other type of drinkable yogurt is the least contributor at the end of review period.       

Indian consumer especially the affluent urban consumer is consuming more value-added products like yogurt, which bring in bigger profits for dairy companies than raw milk. Though,  the Indian cooperatives dairies has largely stick to basic milk, butter, processed cheese slices and ice cream for many decades, had left a gap in the market which were filled by new players with new product offerings. Danone was among the first to introduce a series of frozen yogurts, but its innovations were quickly copied by his rivals, including Amul. Nestle has launched Greek yogurt, Nestle-a+ GREKYO which is a super concentrated yogurt, is a fledgling category in India and is stocked by premium retailers. As cold food supply chain is an obstacle in India, companies have innovated and created products with greater shelf lives.  They have innovated products, such as smoothies, Buttermilk and Lassi, which are packaged in ultra-high temperature (UHT) packs. Thus all the value added products including yogurt will grow at colossal rate in India in future.

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, VRS Foods Limited, Nestle India Limited, Danone Foods and Beverages India Private Limited, Britannia Dairy Private Limited

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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
5.1.1. Overall Market
5.1.2. Organized Yogurt Market
5.1.3. Unorganized Yogurt Market
5.2. Market Share By Organized Vs. Unorganized

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
6.4. India Packaged/ Retail Drinkable Yogurt Market
6.4.1. Market Size By Value
6.4.1.1. Overall Market
6.4.1.2. Buttermilk (Chaach/ Chaas) 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
6.5. Packaging Analysis
6.6. Product Price & Variant Analysis

7. India Economic Profile

8. Policy & Regulatory Landscape

9. PEST Analysis

10. Trade Dynamics
10.1. Import
10.2. Export

11. Channel Partner Analysis

12. India Packaged/ Retail Yogurt Market Dynamics
12.1. Key Drivers
12.2. Key Challenges

13. Market Trends & Developments
13.1. Yogurt has become daily habit
13.2. New products are the key factors contributing the market
13.3. Product development are taking place continuously
13.4. Greek & Probiotic Yogurt are new comers
13.5. Shifting focus from raw milk to Value Added products

14. Competitive Landscape
14.1. Porter's Five Forces
14.2. Company Profiles
14.2.1. Gujarat Co-operative Milk Marketing Federation Limited
14.2.2. Mother Dairy Fruit & Vegetable Private Limited
14.2.3. Parag Milk Foods Limited
14.2.4. Prabhat Dairy Limited
14.2.5. Drums Food International Private Limited
14.2.6. Hatsun Agro Product Limited
14.2.7. Heritage Foods Limited
14.2.8. Karnataka Cooperative Milk Producers Federation
14.2.9. VRS Foods Limited
14.2.10. Nestle India Limited
14.2.11. Danone Foods and Beverages India Private Limited
14.2.12. Britannia Dairy Private Limited

15. Strategic Recommendations

16. 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 Organized Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-4: India Organized Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-5: India Unorganized Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-6: India Unorganized Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-7: India Yogurt Market Share - By Organized Vs. Unorganized 2016-17 & 2022-23F
Figure-8: India Packaged/ Retail Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-9: India Packaged/ Retail Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-10: India Packaged/ Retail Yogurt Market Share - By Company 2016-17
Figure-11: India Packaged/ Retail Yogurt Market Share - By Region 2016-17
Figure-12: India Packaged/ Retail Yogurt Market Share - By Category 2016-17 & 2022-23F
Figure-13: India Packaged/ Retail Spoonful Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-14: India Packaged/ Retail Yogurt Spoonful Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-15: India Plain/ Natural Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-16: India Plain/ Natural Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-17: India Frozen Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-18: India Frozen Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-19: India Packaged/ Retail Spoonful Yogurt Market Share - By Company 2016-17
Figure-20: India Packaged/ Retail Spoonful Yogurt Market Share - By Product Type 2016-17 & 2022-23F
Figure-21: India Packaged/ Retail Drinkable Yogurt Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-22: India Packaged/ Retail Drinkable Yogurt Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-23: India Buttermilk Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-24: India Buttermilk Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-25: India Lassi Market Size - By Value 2011-12 to 2016-17 (INR Crore)
Figure-26: India Lassi Market Size Forecast - By Value 2017-18F to 2022-23F (INR Crore)
Figure-27: India Packaged/ Retail Drinkable Yogurt Market Share - By Company 2016-17
Figure-28: India Packaged/ Retail Drinkable Yogurt Market Share - By Product Type 2016-17 & 2022-23F
 
List of Tables
Table-1: Packaging Analysis of Spoonful Yogurt Brands In India 2017
Table-: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: India Economic Profile - 2015
Table-6: HS Code for Yogurt in India 2017
Table-7: Import Duty Structure for Yogurt in India 2017
Table-8: Import of Yogurt - Value & Volume 2011-12 to 2016-17
Table-9: Import of Yogurt in India - By Country By Volume Share 2016-17
Table-10: Export of Yogurt - Value & Volume 2011-12 to 2016-17
Table-11: Export of Yogurt in India - By Country By Volume Share 2016-17
Table-12: Key Facts of Gujarat Co-operative Milk Marketing Federation Ltd.
Table-13: Key Facts of Mother Dairy Fruit & Vegetable Pvt. Ltd.
Table-14: Key Facts of Parag Food Pvt Ltd
Table-15: Key Facts of Prabhat Dairy Limited
Table-16: Key Facts of Drums Food International Private Limited
Table-17: Key Facts of Hatsun Agro Product Limited
Table-18: Key Facts of Heritage Foods Limited
Table-19: Key Facts of Karnataka Cooperative Milk Producers' Federation Limited
Table-21: Key Facts of VRS Foods Limited
Table-22: Key Facts of NESTLE India Ltd.
Table-23: Key Facts of Danone Food and Beverages India Pvt. Ltd
Table-24: Key Facts of Britannia Industries Ltd

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  • Britannia Dairy Private Limited
  • Danone Foods and Beverages India Private Limited
  • Drums Food International Private Limited
  • Gujarat Co-operative Milk Marketing Federation Limited
  • Hatsun Agro Product Limited
  • Heritage Foods Limited
  • Karnataka Cooperative Milk Producers Federation
  • Mother Dairy Fruit & Vegetable Private Limited
  • Nestle India Limited
  • Parag Milk Foods Limited
  • Prabhat Dairy 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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