The ghee market in India reached a value of INR 2,624 billion in 2021. Looking forward, the market is projected to reach INR 4,787 billion by 2027, exhibiting a CAGR of 10.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.
Ghee is a pure butter fat leftover after the milk solids and water are removed from butter. It is a rich source of proteins, vitamins, carbohydrates, calcium, iron and omega-3 fatty acids. It assists in improving the brain and heart health, and treating inflammation and numerous diseases. Besides this, as it strengthens the immune system, facilitates bowel movement, and prevents chronic cough issues and disorders of the eyes, the consumption of ghee is escalating across India.
The rising consumer awareness about the health benefits offered by ghee represents one of the key factors propelling the growth of the market in India. Moreover, it finds applications in the formulation of personal care products as ghee helps neutralize free radicals, nourish the skin, and prevent the early signs of aging. It also aids in treating cracked lips, lightening dark spots, reducing dark circles, and healing minor wounds. Besides this, ghee is considered nutritionally more beneficial than other oils/fats on account of its medium-chain fatty acids content, which is directly absorbed by the liver and burned to supply energy. In addition, it has a stable shelf life due to its antioxidants and low moisture content. This, coupled with the increasing health consciousness and changing dietary patterns of individuals, is catalyzing the demand for ghee in the country. Apart from this, key players operating in India are introducing premium product variants to expand their existing consumer base. This, along with the rising adoption of eco-friendly product packaging solutions and easy product availability via online and offline organized retail channels, are projected to facilitate market growth.
This report provides an analysis of the key trends in each sub-segment of the India ghee market, along with forecasts at the country and state level from 2022-2027. The report has categorized the market based on type and, retail and institutional sales.
Desi ghee currently dominates the market in India as it does not have synthetic fats.
Uttar Pradesh holds the largest market share in the country as the state government is launching greenfield dairies and constructing cow protection centers to enhance milk production.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Gujarat Co-operative Milk Marketing Federation Ltd, Mother Dairy Fruits and Vegetables Pvt. Ltd., SMC Foods Limited, Bhole Baba Dairy Industries Ltd., Rajasthan Cooperative Dairy Federation Ltd (RCDF) and Parag Milk Foods Ltd.
2. What is the expected growth rate of the ghee market in India during 2022-2027?
3. What are the key factors driving the ghee market in India?
4. What has been the impact of COVID-19 on the ghee market in India?
5. What is the breakup of the ghee market in India based on the type?
6. What are the key regions in the ghee market in India?
7. Who are the key players/companies in the ghee market in India?
Ghee is a pure butter fat leftover after the milk solids and water are removed from butter. It is a rich source of proteins, vitamins, carbohydrates, calcium, iron and omega-3 fatty acids. It assists in improving the brain and heart health, and treating inflammation and numerous diseases. Besides this, as it strengthens the immune system, facilitates bowel movement, and prevents chronic cough issues and disorders of the eyes, the consumption of ghee is escalating across India.
Ghee Market in India Trends and Drivers:
The rising consumer awareness about the health benefits offered by ghee represents one of the key factors propelling the growth of the market in India. Moreover, it finds applications in the formulation of personal care products as ghee helps neutralize free radicals, nourish the skin, and prevent the early signs of aging. It also aids in treating cracked lips, lightening dark spots, reducing dark circles, and healing minor wounds. Besides this, ghee is considered nutritionally more beneficial than other oils/fats on account of its medium-chain fatty acids content, which is directly absorbed by the liver and burned to supply energy. In addition, it has a stable shelf life due to its antioxidants and low moisture content. This, coupled with the increasing health consciousness and changing dietary patterns of individuals, is catalyzing the demand for ghee in the country. Apart from this, key players operating in India are introducing premium product variants to expand their existing consumer base. This, along with the rising adoption of eco-friendly product packaging solutions and easy product availability via online and offline organized retail channels, are projected to facilitate market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the India ghee market, along with forecasts at the country and state level from 2022-2027. The report has categorized the market based on type and, retail and institutional sales.
Breakup by Type:
- Cow Ghee
- Desi Ghee
Desi ghee currently dominates the market in India as it does not have synthetic fats.
Breakup by Retail and Institutional Sales:
- Retail
- Institutional
Breakup by Region:
- Karnataka
- Maharashtra
- Tamil Nadu
- Delhi
- Gujarat
- Andhra Pradesh and Telangana
- Uttar Pradesh
- West Bengal
- Kerala
- Haryana
- Punjab
- Rajasthan
- Madhya Pradesh
- Bihar
- Orissa
Uttar Pradesh holds the largest market share in the country as the state government is launching greenfield dairies and constructing cow protection centers to enhance milk production.
Competitive Landscape
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Gujarat Co-operative Milk Marketing Federation Ltd, Mother Dairy Fruits and Vegetables Pvt. Ltd., SMC Foods Limited, Bhole Baba Dairy Industries Ltd., Rajasthan Cooperative Dairy Federation Ltd (RCDF) and Parag Milk Foods Ltd.
Key Questions Answered in This Report
1. What was the size of the ghee market in India in 2021?2. What is the expected growth rate of the ghee market in India during 2022-2027?
3. What are the key factors driving the ghee market in India?
4. What has been the impact of COVID-19 on the ghee market in India?
5. What is the breakup of the ghee market in India based on the type?
6. What are the key regions in the ghee market in India?
7. Who are the key players/companies in the ghee market in India?
Frequently Asked Questions about the Indian Ghee Market
What is the estimated value of the Indian Ghee Market?
What is the growth rate of the Indian Ghee Market?
What is the forecasted size of the Indian Ghee Market?
Who are the key companies in the Indian Ghee Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( INR | INR 2624 Billion |
| Forecasted Market Value ( INR | INR 4787 Billion |
| Compound Annual Growth Rate | 10.5% |
| Regions Covered | India |
| No. of Companies Mentioned | 6 |
Table of Contents
1 Preface3 Executive Summary13 Loans and Financial Assistance
2 Scope and Methodology
4 Introduction
5 India Dairy Industry
6 India Ghee Industry
7 Market Breakup by Type
8 Market Performance by Retail and Institutional Sales
9 Performance of Key Regions
10 Competitive Landscape
11 Ghee Manufacturing Process
12 Project Details, Requirements and Costs Involved
14 Project Economics
15 Key Player Profile
Companies Mentioned
- Gujarat Co-operative Milk Marketing Federation Ltd
- Mother Dairy Fruits and Vegetables Pvt. Ltd.
- SMC Foods Limited
- Bhole Baba Dairy Industries Ltd.
- Rajasthan Cooperative Dairy Federation Ltd (RCDF)
- Parag Milk Foods Ltd
Methodology
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