Curd Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report
132 Pages
July 2023
Region: India
IMARC Group
ID: 5642426

Curd, also known as Dahi, is prepared by coagulating milk by adding a starter culture of lactic acid bacteria, vinegar or lemon juice. Curd represents an essential part of a balanced diet and can also be consumed by lactose intolerant people. Owing to the high content of calcium, vitamin D, proteins and phosphorus present in it, curd helps to strengthen bones and improve digestion. Besides this, it also reduces the chance of breast cancer. A recently released report by the publisher, titled “Curd Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, critically examines the Indian curd market. The report finds that the market size reached INR 1,365.5 Billion in 2022. The healthy growth of the market can be attributed to numerous forces. Population growth, rising disposable incomes, increasing health consciousness among consumers and affordable price are some of the factors that are currently broadening the growth aspects of the market. Looking forward, the curd market in India is expected to reach INR 3,175.0 Billion by 2028, exhibiting a growth rate (CAGR) of 15.1% during 2023-2028.

The report has examined the Indian Curd Market in 15 major states:

Maharashtra
Uttar Pradesh
Andhra Pradesh and Telangana
Tamil Nadu
Gujarat
Rajasthan
Karnataka
Madhya Pradesh
West Bengal
Bihar
Delhi
Kerala
Punjab
Orissa
Haryana

For each of the states, the report provides a thorough analysis of the current and historical value and volume trends, market share of key players and market forecast. Currently, Maharashtra represents the region with highest market share in the country. The competitive landscape of the Indian curd market has also been covered in this report. Some of the prominent players operating in the market include KMF, GCMMF, Mother Dairy, Sri Vijaya Visakha Milk Producers and Heritage.

The study gives an in-depth analysis of the curd market landscape in India, covering the current, historical and future trends for curd production along with its prices. The report also offers SWOT, Value Chain and Porter’s Five Forces analysis of the Indian curd market along with breakup by segment, region, and an analysis of the competitive landscape. The study is based on both desk research and multiple waves of qualitative primary research. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian curd industry in any manner.

Key Questions Answered in This Report

1. What was the size of the curd market in India in 2022?
2. What is the expected growth rate of the curd market in India during 2023-2028?
3. What has been the impact of COVID-19 on the curd market in India?
4. What are the key factors driving the curd market in India?
5. What is the breakup of the curd market in India based on the type?
6. What is the breakup of the curd market in India based on the retail vs institutional?
7. What are the key regions in the curd market in India?
8. Who are the key players/companies in the curd market in India?

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Indian Dairy Industry

5.1 Market Overview
5.2 Market Performance
5.3 Market by Organised and Unorganised Segment
5.4 Milk Production and Consumption Trends
5.4.1 Current and Historical Trends
5.4.2 Production and Consumption Forecast
5.5 Milk Production by State
5.6 Milk Production by Cattle
5.7 Milk Utilization Patterns in India
5.8 Market Forecast

6 Indian Curd Industry

6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Trends
6.4.1 Milk Procurement Price Trends
6.4.2 Curd Price Trends
6.5 Market Breakup by Region
6.6 Market Breakup by Type
6.7 Market Breakup by Retail Vs Institutional
6.8 Market Forecast
6.9 SWOT Analysis
6.9.1 Overview
6.9.2 Strengths
6.9.3 Weaknesses
6.9.4 Opportunities
6.9.5 Threats
6.10 Value Chain Analysis
6.11 Porter’s Five Forces Analysis
6.11.1 Overview
6.11.2 Bargaining Power of Buyers
6.11.3 Bargaining Power of Suppliers
6.11.4 Degree of Competition
6.11.5 Threat of New Entrants
6.11.6 Threat of Substitutes
6.12 Key Success Factors and Risk Factors

7 Performance of Key Regions

7.1 Karnataka
7.1.1 Market Performance
7.1.1.1 Volume Trends
7.1.1.2 Value Trends
7.1.2 Competitive Landscape
7.1.3 Market Forecast
7.1.3.1 Volume Trends
7.1.3.2 Value Trends
7.2 Maharashtra
7.2.1 Market Performance
7.2.1.1 Volume Trends
7.2.1.2 Value Trends
7.2.2 Competitive Landscape
7.2.3 Market Forecast
7.2.3.1 Volume Trends
7.2.3.2 Value Trends
7.3 Tamil Nadu
7.3.1 Market Performance
7.3.1.1 Volume Trends
7.3.1.2 Value Trends
7.3.2 Competitive Landscape
7.3.3 Market Forecast
7.3.3.1 Volume Trends
7.3.3.2 Value Trends
7.4 Delhi
7.4.1 Market Performance
7.4.1.1 Volume Trends
7.4.1.2 Value Trends
7.4.2 Competitive Landscape
7.4.3 Market Forecast
7.4.3.1 Volume Trends
7.4.3.2 Value Trends
7.5 Gujarat
7.5.1 Market Performance
7.5.1.1 Volume Trends
7.5.1.2 Value Trends
7.5.2 Competitive Landscape
7.5.3 Market Forecast
7.5.3.1 Volume Trends
7.5.3.2 Value Trends
7.6 Andhra Pradesh and Telangana
7.6.1 Market Performance
7.6.1.1 Volume Trends
7.6.1.2 Value Trends
7.6.2 Competitive Landscape
7.6.3 Market Forecast
7.6.3.1 Volume Trends
7.6.3.2 Value Trends
7.7 Uttar Pradesh
7.7.1 Market Performance
7.7.1.1 Volume Trends
7.7.1.2 Value Trends
7.7.2 Competitive Landscape
7.7.3 Market Forecast
7.7.3.1 Volume Trends
7.7.3.2 Value Trends
7.8 West Bengal
7.8.1 Market Performance
7.8.1.1 Volume Trends
7.8.1.2 Value Trends
7.8.2 Competitive Landscape
7.8.3 Market Forecast
7.8.3.1 Volume Trends
7.8.3.2 Value Trends
7.9 Kerala
7.9.1 Market Performance
7.9.1.1 Volume Trends
7.9.1.2 Value Trends
7.9.2 Competitive Landscape
7.9.3 Market Forecast
7.9.3.1 Volume Trends
7.9.3.2 Value Trends
7.10 Haryana
7.10.1 Market Performance
7.10.1.1 Volume Trends
7.10.1.2 Value Trends
7.10.2 Competitive Landscape
7.10.3 Market Forecast
7.10.3.1 Volume Trends
7.10.3.2 Value Trends
7.11 Punjab
7.11.1 Market Performance
7.11.1.1 Volume Trends
7.11.1.2 Value Trends
7.11.2 Competitive Landscape
7.11.3 Market Forecast
7.11.3.1 Volume Trends
7.11.3.2 Value Trends
7.12 Rajasthan
7.12.1 Market Performance
7.12.1.1 Volume Trends
7.12.1.2 Value Trends
7.12.2 Competitive Landscape
7.12.3 Market Forecast
7.12.3.1 Volume Trends
7.12.3.2 Value Trends
7.13 Madhya Pradesh
7.13.1 Market Performance
7.13.1.1 Volume Trends
7.13.1.2 Value Trends
7.13.2 Competitive Landscape
7.13.3 Market Forecast
7.13.3.1 Volume Trends
7.13.3.2 Value Trends
7.14 Bihar
7.14.1 Market Performance
7.14.1.1 Volume Trends
7.14.1.2 Value Trends
7.14.2 Competitive Landscape
7.14.3 Market Forecast
7.14.3.1 Volume Trends
7.14.3.2 Value Trends
7.15 Orissa
7.15.1 Market Performance
7.15.1.1 Volume Trends
7.15.1.2 Value Trends
7.15.2 Competitive Landscape
7.15.3 Market Forecast
7.15.3.1 Volume Trends
7.15.3.2 Value Trends

8 Market Breakup by Type

8.1 Cup Curd
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pouch Curd
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Retail Vs Institutional

9.1 Retail
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Institutional
9.2.1 Market Trends
9.2.2 Market Forecast

10 Competitive Landscape

10.1 Competitive Structure
10.2 Market Breakup by Key Players

11 Curd Manufacturing Process

11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operations Involved
11.4 Mass Balance and Raw Material Requirements

12 Project Details, Requirements and Costs Involved

12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Machinery Pictures
12.5 Raw Material Requirements and Expenditures
12.6 Raw Material and Final Product Pictures
12.7 Packaging Requirements and Expenditures
12.8 Transportation Requirements and Expenditures
12.9 Utility Requirements and Expenditures
12.10 Manpower Requirements and Expenditures
12.11 Other Capital Investments

13 Loans and Financial Assistance

14 Project Economics

14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Taxation and Depreciation
14.5 Income Projections
14.6 Expenditure Projections
14.7 Financial Analysis
14.8 Profit Analysis

15 Key Player Profiles

List of Figures

Figure 1: India: Dairy Industry Overview
Figure 2: India: Dairy Market (in Billion INR), 2017-2022
Figure 3: India: Dairy Market: Breakup by Segment (in %), 2022
Figure 4: India: Total Milk Production (in Million Metric Tons), 2017-18 - 2022-23
Figure 5: India: Total Milk Consumption (in Million Metric Tons), 2017-18 - 2022-23
Figure 6: India: Total Milk Production Forecast (in Million Metric Tons), 2023-24- 2028-29
Figure 7: India: Total Milk Consumption Forecast (in Million Metric Tons), 2023-24- 2028-29
Figure 8: India: Milk Utilisation Patterns
Figure 9: India: Dairy Market Forecast (in Billion INR), 2023-2028
Figure 10: India: Curd Market: Major Drivers and Challenges
Figure 11: India: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 12: India: Curd Market: Value Trends (in Billion INR), 2017-2022
Figure 13: India: Milk Market: Procurement Price Trends (in INR/Litre), 2017-2022
Figure 14: India: Curd Market: Retail Price Trends (in INR/Litre), 2017-2022
Figure 15: India: Curd Market: Breakup by Region (in %), 2022
Figure 16: India: Curd Market: Breakup by Type (in %), 2022
Figure 17: India: Curd Market: Breakup by Retail Vs Institutional (in %), 2022
Figure 18: India: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 19: India: Curd Market Forecast: Value Trends (in Billion INR), 2023-2028
Figure 20: India: Curd Industry: SWOT Analysis
Figure 21: India: Curd Industry: Value Chain Analysis
Figure 22: India: Curd Industry: Porter’s Five Forces Analysis
Figure 23: Karnataka: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 24: Karnataka: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 25: Karnataka: Curd Market: Breakup by Key Players (in %), 2022
Figure 26: Karnataka: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 27: Karnataka: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 28: Maharashtra: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 29: Maharashtra: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 30: Maharashtra: Curd Market: Breakup by Key Players (in %), 2022
Figure 31: Maharashtra: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 32: Maharashtra: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 33: Tamil Nadu: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 34: Tamil Nadu: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 35: Tamil Nadu: Curd Market: Breakup by Key Players (in %), 2022
Figure 36: Tamil Nadu: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 37: Tamil Nadu: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 38: Delhi: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 39: Delhi: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 40: Delhi: Curd Market: Breakup by Key Players (in %), 2022
Figure 41: Delhi: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 42: Delhi: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 43: Gujarat: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 44: Gujarat: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 45: Gujarat: Curd Market: Breakup by Key Players (in %), 2022
Figure 46: Gujarat: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 47: Gujarat: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 48: Andhra Pradesh and Telangana: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 49: Andhra Pradesh and Telangana: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 50: Andhra Pradesh and Telangana: Curd Market: Breakup by Key Players (in %), 2022
Figure 51: Andhra Pradesh and Telangana: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 52: Andhra Pradesh and Telangana: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 53: Uttar Pradesh: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 54: Uttar Pradesh: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 55: Uttar Pradesh: Curd Market: Breakup by Key Players (in %), 2022
Figure 56: Uttar Pradesh: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 57: Uttar Pradesh: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 58: West Bengal: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 59: West Bengal: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 60: West Bengal: Curd Market: Breakup by Key Players (in %), 2022
Figure 61: West Bengal: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 62: West Bengal: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 63: Kerala: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 64: Kerala: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 65: Kerala: Curd Market: Breakup by Key Players (in %), 2022
Figure 66: Kerala: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 67: Kerala: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 68: Haryana: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 69: Haryana: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 70: Haryana: Curd Market: Breakup by Key Players (in %), 2022
Figure 71: Haryana: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 72: Haryana: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 73: Punjab: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 74: Punjab: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 75: Punjab: Curd Market: Breakup by Key Players (in %), 2022
Figure 76: Punjab: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 77: Punjab: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 78: Rajasthan: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 79: Rajasthan: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 80: Rajasthan: Curd Market: Breakup by Key Players (in %), 2022
Figure 81: Rajasthan: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 82: Rajasthan: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 83: Madhya Pradesh: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 84: Madhya Pradesh: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 85: Madhya Pradesh: Curd Market: Breakup by Key Players (in %), 2022
Figure 86: Madhya Pradesh: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 87: Madhya Pradesh: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 88: Bihar: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 89: Bihar: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 90: Bihar: Curd Market: Breakup by Key Players (in %), 2022
Figure 91: Bihar: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 92: Bihar: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 93: Orissa: Curd Market: Volume Trends (in Million Litres), 2017-2022
Figure 94: Orissa: Curd Market: Value Trends (in Million INR), 2017-2022
Figure 95: Orissa: Curd Market: Breakup by Key Players (in %), 2022
Figure 96: Orissa: Curd Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 97: Orissa: Curd Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 98: India: Curd (Cup Curd) Market: Sales Value (in Million INR), 2017 & 2022
Figure 99: India: Curd (Cup Curd) Market Forecast: Sales Value (in Million INR), 2023-2028
Figure 100: India: Curd (Pouch Curd) Market: Sales Value (in Million INR), 2017 & 2022
Figure 101: India: Curd (Pouch Curd) Market Forecast: Sales Value (in Million INR), 2023-2028
Figure 102: India: Curd (Other Types) Market: Sales Value (in Million INR), 2017 & 2022
Figure 103: India: Curd (Other Types) Market Forecast: Sales Value (in Million INR), 2023-2028
Figure 104: India: Curd Market: Retail Sales (in Million INR), 2017 & 2022
Figure 105: India: Curd Market Forecast: Retail Sales (in Million INR), 2023-2028
Figure 106: India: Curd Market: Institutional Sales (in Million INR), 2017 & 2022
Figure 107: India: Curd Market Forecast: Institutional Sales (in Million INR), 2023-2028
Figure 108: India: Curd Market: Breakup by Key Players (in %), 2022
Figure 109: Curd Manufacturing: Detailed Process Flow
Figure 110: Curd Manufacturing: Conversion Rate of Products
Figure 111: Curd Manufacturing Plant: Breakup by Capital Costs (in %)
Figure 112: Curd Industry: Profit Margins at Various Levels of the Supply Chain
Figure 113: Curd Production: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: India: Dairy Market: Key Industry Highlights, 2022 and 2028
Table 2: India: Milk Production Breakup by State, 2017-18-2022-23
Table 3: India: Milk Production Breakup by Cattle, 2017-18-2022-23
Table 4: India: Curd Market: Key Industry Highlights, 2022 and 2028
Table 5: India: Curd Market Forecast: Breakup by Region (in Million INR), 2023-2028
Table 6: India: Curd Market Forecast: Breakup by Type (in Million INR), 2023-2028
Table 7: India: Curd Market Forecast: Breakup by Retail Vs Institutional (in Million INR), 2023-2028
Table 8: India: Curd Market: Competitive Structure
Table 9: India: Curd Market: Key Players
Table 10: Curd Manufacturing Plant: Costs Related to Land and Site Development (in INR)
Table 11: Curd Manufacturing Plant: Costs Related to Civil Works (in INR)
Table 12: Curd Manufacturing Plant: Costs Related to Machinery (in INR)
Table 13: Curd Manufacturing Plant: Raw Material Requirements (Tons/Day) and Expenditures (INR/Ton)
Table 14: Curd Manufacturing Plant: Costs Related to Salaries and Wages (in INR)
Table 15: Curd Manufacturing Plant: Costs Related to Other Capital Investments (in INR)
Table 16: Details of Financial Assistance Offered by Financial Institutions
Table 17: Curd Manufacturing Plant: Capital Costs (in INR)
Table 18: Curd Manufacturing Plant: Techno-Economic Parameters
Table 19: Curd Manufacturing Plant: Taxation and Depreciation
Table 20: Curd Manufacturing Plant: Income Projections (in INR)
Table 21: Curd Manufacturing Plant: Expenditure Projections (in INR)
Table 22: Curd Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in INR)
Table 23: Curd Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in INR)
Table 24: Curd Manufacturing Plant: Profit and Loss Account (in INR)

Companies Mentioned

KMF
GCMMF
Mother Dairy
Sri Vijaya Visakha Milk Producers
Heritage

Methodology

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Table Information

Report Attribute	Details
No. of Pages	132
Published	July 2023
Forecast Period	2022 - 2028
Estimated Market Value ( INR ) in 2022	INR 1365.5 Billion
Forecasted Market Value ( INR ) by 2028	INR 3175 Billion
Compound Annual Growth Rate	15.1%
Regions Covered	India
No. of Companies Mentioned	5

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The report has examined the Indian Curd Market in 15 major states:

Key Questions Answered in This Report

Table of Contents

Companies Mentioned

Methodology

Table Information

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