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Report
India Flavoured Milk Market Report and Forecast 2024-2032
Market Report I 2024-01-25 I 210 Pages I EMR Inc.
India Flavoured Milk Market Report and Forecast 2023-2032
Market Outlook
According to the report by Expert Market Research (EMR), the India flavoured milk market is projected to grow at a CAGR of 24% between 2023 and 2032. Aided by the evolving consumer palate, an upsurge in demand for ready-to-consume beverages, and a burgeoning youth demographic, the market is expected to grow significantly by 2032.
Flavoured milk, an amalgamation of milk, sweeteners, and natural or artificial flavourings, has become a household name in India. Common flavours encompass vanilla, chocolate, strawberry, among others. Rich in essential nutrients such as calcium, protein, vitamins, and minerals, flavoured milk serves as both a tantalising beverage and a nutritious supplement. Owing to its twin benefits of taste and health, it finds takers across age groups, though the youth remain its largest consumer base.
India's urban sprawl, characterised by hectic lifestyles, has rendered convenience paramount. This has paved the way for ready-to-drink flavoured milk beverages to gain traction. With limited time for elaborate breakfast routines, urbanites are increasingly gravitating towards these beverages as a quick yet nutritious alternative.
Moreover, the health and wellness trend that has permeated global consumer behaviour is evident in India too, which has boosted the India flavoured milk growth. There's a discernible shift towards beverages that not only satisfy taste buds but also contribute to overall well-being. Flavoured milk, rich in essential nutrients, aptly fits this bill, augmenting its appeal.
The Indian dairy industry has been quick to capitalise on this trend. Established and emerging players are inundating the market with innovative flavours, packaging, and marketing strategies. The use of traditional Indian flavours like saffron, cardamom, and rose in flavoured milk is resonating with the nostalgic Indian consumer, further impacting the India flavoured milk market outlook positively.
Collaborations with cafes, quick-service restaurants, and eateries have also given flavoured milk its moment in the spotlight. Whether it's in the form of flavoured milkshakes or as an ingredient in desserts, its presence is ubiquitous.
Furthermore, the cultural fabric of India plays a role in buoying the flavoured milk market. Festivals, celebrations, and gatherings, intrinsic to Indian society, often feature flavoured milk as a beverage of choice, given its universal appeal.
According to the India flavoured milk analysis, the industry is undeterred. Emphasis on natural ingredients, reduced sugar, and fortified variants is gaining momentum. Probiotic flavoured milk and those enriched with vitamins are making inroads into the market, catering to the discerning consumer. Moreover, eco-friendly packaging solutions and sustainable production methods are also becoming industry focal points, as environmental consciousness rises among consumers.
Market Segmentation
The market can be divided based on flavour, distribution channel, and region.
Market Breakup by Flavour
- Chocolate
- Fruit Based
- Vanilla
- Others
Market Breakup by Distribution Channel
- Retail
- Institutional
Market Breakup by Region
- Maharashtra
- Delhi-NCR
- Karnataka
- Gujarat
- Tamil Nadu
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India flavoured milk market. Some of the major players explored in the report by Expert Market Research are as follows:
- Mother Dairy Fruit & Vegetable Pvt. Ltd.
- Heritage Foods Limited
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Parag Milk Foods Ltd
- Nestle S.A.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 India
7 Opportunities and Challenges in the Market
8 India Milk Market Overview
8.1 Key Industry Highlights
8.2 India Milk Historical Market (2018-2023)
8.3 India Milk Market Forecast (2024-2032)
8.4 Major Milk Producing States in India
9 India Flavoured Milk Market Analysis
9.1 Key Industry Highlights
9.2 India Flavoured Milk Historical Market (2018-2023)
9.3 India Flavoured Milk Market Forecast (2024-2032)
9.4 India Flavoured Milk Market by Flavour
9.4.1 Chocolate
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Fruit Based
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Vanilla
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.4.4 Others
9.5 India Flavoured Milk Market by Distribution Channel
9.5.1 Retail
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Institutional
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.6 India Flavoured Milk Market by Region
9.6.1 Maharashtra
9.6.2 Delhi-NCR
9.6.3 Karnataka
9.6.4 Gujarat
9.6.5 Tamil Nadu
9.6.6 Others
10 Regional Analysis
10.1 Maharashtra
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Delhi-NCR
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Karnataka
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Gujarat
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Tamil Nadu
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Mother Dairy Fruit & Vegetable Pvt. Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Heritage Foods Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Gujarat Cooperative Milk Marketing Federation Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Parag Milk Foods Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Nestle S.A.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. India Milk Market: Key Industry Highlights, 2018 and 2032
2. India Flavoured Milk Market: Key Industry Highlights, 2018 and 2032
3. India Flavoured Milk Market: Breakup by Flavours (INR Billion), 2018-2023
4. India Flavoured Milk Market: Breakup by Flavours (INR Billion), 2024-2032
5. India Flavoured Milk Market: Breakup by Distribution Channel (INR Billion), 2018-2023
6. India Flavoured Milk Market: Breakup by Distribution Channel (INR Billion), 2024-2032
7. India Flavoured Milk Historical Market: Breakup by State (INR Billion), 2018-2023
8. India Flavoured Milk Market Forecast: Breakup by State (INR Billion), 2024-2032
9. India Flavoured Milk Market Structure
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