According to this latest report, ‘India Dairy Market Report and Forecast 2021-2026’, the India dairy market attained a value of USD 144.55 billion in 2020. Aided by the extensive use of dairy products in Indian cuisines, the market is projected to further grow at a CAGR of 6% between 2021 and 2026.
Dairy is an enterprise that involves the production of various dairy products such as milk, cheese, and butter, among others. Dairy products are usually made of cow’s milk, but sheep’s milk and camel’s milk are increasingly preferred due to their numerous health benefits. Moreover, the consumption of dairy products is associated with various advantages. They not only contain calcium, protein, vitamin D, and potassium but also are essential for the growth and wellbeing of the body. Dairy products hold a significant aspect in the Indian culture and are extensively used in various cuisines around the country. In addition, rising health consciousness and rapid urbanisation are increasing the demand for dairy products owing to their health benefits, therefore augmenting the industry growth in India.
The cultural and social significance of milk and dairy products in major parts of the country is aiding the market growth. The introduction of various favourable government initiatives to increase the production of dairy by artificial insemination is also propelling the market growth. The integration of several technological innovations such as Automatic Milk Collection Station and Bulk Milk Cooling Units in animal husbandry to aid hygienic milk production and promote import and export activities is anticipated to boost the industry growth. Moreover, the digitisation of milk production, herd management, livestock insurance, fintech, and marketing by leveraging data analytics and the Internet of things (IoT) are expected to further propel the market growth. The rising demand for packaged dairy products and value-added products (VAP) such as ghee, curd, ghee, butter, and cheese, among others, in the domestic households, restaurants, and hotels, is expected to bolster the growth of the dairy industry in India. In addition, the growing disposable income and evolving dietary preferences are increasing the demand for prebiotic products such as yoghurts, hence providing further impetus to the growth of the market for dairy in India.
Market Segmentation
The market report analyses the market based on segmentations such as product and major region.
Market Breakup by Product
Market Breakup by Region
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry.
Some of the major players in the market explored in the report are:
Dairy is an enterprise that involves the production of various dairy products such as milk, cheese, and butter, among others. Dairy products are usually made of cow’s milk, but sheep’s milk and camel’s milk are increasingly preferred due to their numerous health benefits. Moreover, the consumption of dairy products is associated with various advantages. They not only contain calcium, protein, vitamin D, and potassium but also are essential for the growth and wellbeing of the body. Dairy products hold a significant aspect in the Indian culture and are extensively used in various cuisines around the country. In addition, rising health consciousness and rapid urbanisation are increasing the demand for dairy products owing to their health benefits, therefore augmenting the industry growth in India.
The cultural and social significance of milk and dairy products in major parts of the country is aiding the market growth. The introduction of various favourable government initiatives to increase the production of dairy by artificial insemination is also propelling the market growth. The integration of several technological innovations such as Automatic Milk Collection Station and Bulk Milk Cooling Units in animal husbandry to aid hygienic milk production and promote import and export activities is anticipated to boost the industry growth. Moreover, the digitisation of milk production, herd management, livestock insurance, fintech, and marketing by leveraging data analytics and the Internet of things (IoT) are expected to further propel the market growth. The rising demand for packaged dairy products and value-added products (VAP) such as ghee, curd, ghee, butter, and cheese, among others, in the domestic households, restaurants, and hotels, is expected to bolster the growth of the dairy industry in India. In addition, the growing disposable income and evolving dietary preferences are increasing the demand for prebiotic products such as yoghurts, hence providing further impetus to the growth of the market for dairy in India.
Market Segmentation
The market report analyses the market based on segmentations such as product and major region.
Market Breakup by Product
- Liquid Milk
- Cow Milk
- Goat Milk
- Camel Milk
- UTH Milk
- A2 Milk
- Organic Milk
- Flavoured Milk
- Curd
- Cup Curd
- Pouch Curd
- Lassi
- Butter Milk (Chach)
- Flavoured and Frozen Yoghurts
- Cheese
- Probiotic Dairy Products
- Butter
- Ghee
- Paneer
- Khoya
- Dairy Whitener
- Skimmed Milk Powder
- Ice-Cream
- Dairy Sweets
- Cream
- Whey
- Milk Shake
- Sweet Condensed Milk
Market Breakup by Region
- North India
- West and Central India
- South India
- East India
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry.
Some of the major players in the market explored in the report are:
- Dairy Cooperatives
- Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)
- Karnataka Co-operative Milk Producers Federation Limited (KMF)
- Rajasthan Cooperative Dairy Federation Ltd (RCDF)
- Mother Dairy Fruits & Vegetables Pvt Limited
- Punjab State Cooperative Milk Producers' Federation Limited (MILKFED)
- Orissa State Cooperative Milk Producers Federation Ltd (OMFED)
- Maharashtra Rajya Sahakari Dudh Mahasangh Maraydit (Mahasangh)
- Others
- Private Dairies
- Britannia Industries Ltd.
- Sterling Agro Industries Limited
- Parag Milk Foods Limited.
- Nestle India Limited
- VRS Foods Limited
- Others
Frequently Asked Questions about the Indian Dairy Market
What is the estimated value of the Indian Dairy Market?
What is the growth rate of the Indian Dairy Market?
What is the forecasted size of the Indian Dairy Market?
Who are the key companies in the Indian Dairy Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 398 |
| Published | May 2021 |
| Forecast Period | 2016 - 2026 |
| Estimated Market Value ( INR | INR 6919.8 Billion |
| Forecasted Market Value ( INR | INR 26282.2 Billion |
| Compound Annual Growth Rate | 14.3% |
| Regions Covered | India |
| No. of Companies Mentioned | 5 |
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions6 Indian Dairy Market Snapshot7 Industry Opportunities and Challenges12 Value Chain Analysis14 Price Analysis
3 Report Description
5 Executive Summary
8 Indian Milk Market Overview
9 Indian Dairy Market Analysis
10 Regional Analysis
11 Market Dynamics
13 Trade Analysis
15 Indian Dairy Market: Procurement and Distribution
16 Competitive Landscape
List of Figures and Tables
Companies Mentioned
- Britannia Industries Ltd.
- Sterling Agro Industries Limited
- Parag Milk Foods Limited.
- Nestle India Limited
- VRS Foods Limited
Methodology
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