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Report
Indian Dairy Market Report and Forecast 2023-2028
Market Report I 2023-09-25 I 154 Pages I EMR Inc.
Indian Dairy Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Indian dairy market reached a value of nearly USD 108.04 billion in 2022. Aided by high population of dairy herd and rising use of dairy products in the ever-growing food and beverage industry, the market is projected to further grow at a CAGR of 8.62% between 2023 and 2028 to reach a value of USD 170.56 billion by 2028.
Dairy has always been an integral part of the Indian culinary landscape. From the luscious lassis of Punjab to the fragrant payasams of Kerala, dairy products have found a special place in the heart (and palate) of the Indian consumer. The Indian dairy market primarily thrives on milk and its derivatives like ghee (clarified butter), yoghurt, paneer (cottage cheese), and a plethora of traditional sweets and beverages.
There is a high demand for value-added dairy products, especially among urban consumers. This can be attributed to increasing disposable incomes, urbanisation, and a more global palate, as the Indian middle class becomes increasingly exposed to international dairy products like cheeses, flavoured yoghurts, and probiotics. The Indian dairy market growth is also bolstered by the age-old belief in the nutritional superiority of dairy, as milk is traditionally seen as a source of strength and vitality. A drive towards health and wellness has carved a niche for products that emphasise on the nutritional content.
Based on Indian dairy market analysis, the penetration of technology in the dairy sector plays a pivotal role in the growth of the market. Innovations in cold storage, supply chain optimisation, and digitisation of dairy cooperatives are enabling producers to reach consumers faster, ensuring product freshness. Additionally, the emergence of e-commerce platforms dedicated to dairy and its derivatives has opened a new sales channel, enabling even regional dairy brands to capture a pan-Indian audience.
Meanwhile, rising emphasis on sustainable and organic dairy farming is further boosting the Indian dairy market demand. Conscious consumers are increasingly seeking products sourced from farms that adhere to humane, eco-friendly practices, ensuring the welfare of cattle and minimal environmental impact. As a result, there's a blossoming of premium dairy brands that promise organic, grass-fed, and unadulterated dairy products.
Almond, soy, and oat milk are making their presence felt in urban centres, appealing to the health-conscious and those with lactose intolerance. However, the traditional significance of dairy in the Indian culture ensures that these alternatives complement rather than replace the mainstream dairy products. Fortified dairy products, boasting additional vitamins and minerals, and low-fat, sugar-free, or lactose-free alternatives are gaining traction, thus increasing the Indian dairy market size.
Market Segmentation
The market can be divided based on product, sales channel, and region.
Market Breakup by Product
- Liquid Milk
- UHT Milk
- A2 Milk
- Organic Milk
- Flavoured Milk
- 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
- Milk Shake
- Sweet Condensed Milk
- Others
Market Breakup by Sales Channel
- Direct Selling
- Convenience Stores
- Supermarkets and Hypermarkets
- Online
Market Breakup by Region
- North India
- East and Central India
- West India
- South India
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 Indian dairy market. Some of the major players explored in the report by Expert Market Research are as follows:
- Dairy Cooperatives
o Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)
o Karnataka Co-operative Milk Producers Federation Limited (KMF)
o Orissa State Cooperative Milk Producers Federation Ltd (OMFED)
o Maharashtra Rajya Sahakari Dudh Mahasangh Maraydit
o Punjab State Cooperative Milk Producers Federation Limited
o Others
- Private Companies
o Mother Dairy Fruits & Vegetables Pvt Limited
o Britannia Industries Ltd.
o Nestle India Limited
o VRS Foods Limited
o Parag Milk Foods Limited
o Sterling Agro Industries Limited
o Kwality Limited
o KSE Limited
o 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 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Dairy Market Overview
8.1 Key Industry Highlights
8.2 Global Dairy Historical Market (2018-2022)
8.3 Global Dairy Market Forecast (2023-2028)
8.4 Global Dairy Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 India Dairy Market Overview
9.1 Key Industry Highlights
9.2 India Dairy Historical Market (2018-2022)
9.3 India Dairy Market Forecast (2023-2028)
10 India Dairy Market by Product
10.1 Liquid Milk
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 UHT Milk
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 A2 Milk
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Organic Milk
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Flavoured Milk
10.5.1 Market Share
10.5.2 Historical Trend (2018-2022)
10.5.3 Forecast Trend (2023-2028)
10.6 Curd
10.6.1 Market Share
10.6.2 Historical Trend (2018-2022)
10.6.3 Forecast Trend (2023-2028)
10.7 Lassi
10.7.1 Market Share
10.7.2 Historical Trend (2018-2022)
10.7.3 Forecast Trend (2023-2028)
10.8 Butter Milk (Chach)
10.8.1 Market Share
10.8.2 Historical Trend (2018-2022)
10.8.3 Forecast Trend (2023-2028)
10.9 Flavoured and Frozen Yoghurts
10.9.1 Market Share
10.9.2 Historical Trend (2018-2022)
10.9.3 Forecast Trend (2023-2028)
10.10 Cheese
10.10.1 Market Share
10.10.2 Historical Trend (2018-2022)
10.10.3 Forecast Trend (2023-2028)
10.11 Probiotic Dairy Products
10.11.1 Market Share
10.11.2 Historical Trend (2018-2022)
10.11.3 Forecast Trend (2023-2028)
10.12 Butter
10.12.1 Market Share
10.12.2 Historical Trend (2018-2022)
10.12.3 Forecast Trend (2023-2028)
10.13 Ghee
10.13.1 Market Share
10.13.2 Historical Trend (2018-2022)
10.13.3 Forecast Trend (2023-2028)
10.14 Paneer
10.14.1 Market Share
10.14.2 Historical Trend (2018-2022)
10.14.3 Forecast Trend (2023-2028)
10.15 Khoya
10.15.1 Market Share
10.15.2 Historical Trend (2018-2022)
10.15.3 Forecast Trend (2023-2028)
10.16 Dairy Whitener
10.16.1 Market Share
10.16.2 Historical Trend (2018-2022)
10.16.3 Forecast Trend (2023-2028)
10.17 Skimmed Milk Powder
10.17.1 Market Share
10.17.2 Historical Trend (2018-2022)
10.17.3 Forecast Trend (2023-2028)
10.18 Ice-Cream
10.18.1 Market Share
10.18.2 Historical Trend (2018-2022)
10.18.3 Forecast Trend (2023-2028)
10.19 Dairy Sweets
10.19.1 Market Share
10.19.2 Historical Trend (2018-2022)
10.19.3 Forecast Trend (2023-2028)
10.20 Cream
10.20.1 Market Share
10.20.2 Historical Trend (2018-2022)
10.20.3 Forecast Trend (2023-2028)
10.21 Milk Shake
10.21.1 Market Share
10.21.2 Historical Trend (2018-2022)
10.21.3 Forecast Trend (2023-2028)
10.22 Sweet Condensed Milk
10.22.1 Market Share
10.22.2 Historical Trend (2018-2022)
10.22.3 Forecast Trend (2023-2028)
10.23 Others
11 India Dairy Market by Sales Channel
11.1 Direct Selling
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Convenience Stores
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 Supermarkets and Hypermarkets
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 Online
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
12 India Dairy Market by Region
12.1 North India
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 East and Central India
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 West India
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 South India
12.4.1 Market Share
12.4.2 Historical Trend (2018-2022)
12.4.3 Forecast Trend (2023-2028)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 PESTEL Analysis
13.3.1 Political
13.3.2 Economic
13.3.3 Social
13.3.4 Technological
13.3.5 Legal
13.3.6 Environment
13.4 Key Indicators for Demand
13.5 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
17 Indian Dairy Market: Procurement and Distribution
17.1 Procurement
17.1.1 Milk Procurement Model: Cooperatives and Private Dairies
17.1.1.1 Milk Production at Village Level
17.1.1.2 Milk Collection at Collection Centres
17.1.1.3 Transportation and Processing
17.1.2 Incentives by Milk Processers to Farmers for Milk Collection
17.1.2.1 Compensation
17.1.2.2 Bonus
17.1.2.3 Insurance
17.1.2.4 Loans
17.1.2.5 Health Check-ups and Medical Facilities
17.1.2.6 Subsidised Cattle Feed and Seeds
17.1.2.7 Other Incentives
17.1.3 Procurement Prices of Milk in India
17.1.4 Challenges of Milk Procurement in India
17.2 Distribution
17.2.1 Milk and Milk Products Distribution: Cooperatives and Private Dairies
17.2.1.1 Manufacturing Plant: Product Processing, Packaging and Delivery
17.2.1.2 Distributors
17.2.1.3 Retailers
17.2.1.4 Retail Parlours
17.2.1.5 Door Delivery System
17.2.1.6 Cash and Carry
17.2.2 Selling Prices of Milk in India
17.2.3 Distributor and Retailer Margins
17.2.4 Challenges of Milk Distribution in India
18 Competitive Landscape
18.1 Market Structure
18.2 Key Players' Market Share
18.3 Company Profiles
18.3.1 Dairy Cooperatives
18.3.1.1 Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)
18.3.1.1.1 Company Overview
18.3.1.1.2 Product Portfolio
18.3.1.1.3 Demographic Reach and Achievements
18.3.1.1.4 Certifications
18.3.1.2 Karnataka Co-operative Milk Producers Federation Limited (KMF)
18.3.1.2.1 Company Overview
18.3.1.2.2 Product Portfolio
18.3.1.2.3 Demographic Reach and Achievements
18.3.1.2.4 Certifications
18.3.1.3 Orissa State Cooperative Milk Producers Federation Ltd (OMFED)
18.3.1.3.1 Company Overview
18.3.1.3.2 Product Portfolio
18.3.1.3.3 Demographic Reach and Achievements
18.3.1.3.4 Certifications
18.3.1.4 Maharashtra Rajya Sahakari Dudh Mahasangh Maraydit
18.3.1.4.1 Company Overview
18.3.1.4.2 Product Portfolio
18.3.1.4.3 Demographic Reach and Achievements
18.3.1.4.4 Certifications
18.3.1.5 Punjab State Cooperative Milk Producers Federation Limited
18.3.1.5.1 Company Overview
18.3.1.5.2 Product Portfolio
18.3.1.5.3 Demographic Reach and Achievements
18.3.1.5.4 Certifications
18.3.1.6 Others
18.3.2 Private Companies
18.3.2.1 Mother Dairy Fruits & Vegetables Pvt Limited
18.3.2.1.1 Company Overview
18.3.2.1.2 Product Portfolio
18.3.2.1.3 Demographic Reach and Achievements
18.3.2.1.4 Certifications
18.3.2.2 Britannia Industries Ltd.
18.3.2.2.1 Company Overview
18.3.2.2.2 Product Portfolio
18.3.2.2.3 Demographic Reach and Achievements
18.3.2.2.4 Certifications
18.3.2.3 Nestle India Limited
18.3.2.3.1 Company Overview
18.3.2.3.2 Product Portfolio
18.3.2.3.3 Demographic Reach and Achievements
18.3.2.3.4 Certifications
18.3.2.4 VRS Foods Limited
18.3.2.4.1 Company Overview
18.3.2.4.2 Product Portfolio
18.3.2.4.3 Demographic Reach and Achievements
18.3.2.4.4 Certifications
18.3.2.5 Parag Milk Foods Limited
18.3.2.5.1 Company Overview
18.3.2.5.2 Product Portfolio
18.3.2.5.3 Demographic Reach and Achievements
18.3.2.5.4 Certifications
18.3.2.6 Sterling Agro Industries Limited
18.3.2.6.1 Company Overview
18.3.2.6.2 Product Portfolio
18.3.2.6.3 Demographic Reach and Achievements
18.3.2.6.4 Certifications
18.3.2.7 Kwality Limited
18.3.2.7.1 Company Overview
18.3.2.7.2 Product Portfolio
18.3.2.7.3 Demographic Reach and Achievements
18.3.2.7.4 Certifications
18.3.2.8 KSE Limited
18.3.2.8.1 Company Overview
18.3.2.8.2 Product Portfolio
18.3.2.8.3 Demographic Reach and Achievements
18.3.2.8.4 Certifications
18.3.2.9 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Dairy Market: Key Industry Highlights, 2018 and 2028
2. India Dairy Market: Key Industry Highlights, 2018 and 2028
3. India Dairy Historical Market: Breakup by Product (USD Million), 2018-2022
4. India Dairy Market Forecast: Breakup by Product (USD Million), 2023-2028
5. India Dairy Historical Market: Breakup by Sales Channel (USD Million), 2018-2022
6. India Dairy Market Forecast: Breakup by Sales Channel (USD Million), 2023-2028
7. India Dairy Historical Market: Breakup by Region (USD Million), 2018-2022
8. India Dairy Market Forecast: Breakup by Region (USD Million), 2023-2028
9. Major Exporting Countries by Value
10. Major Importing Countries by Value
11. Major Exporting Countries by Volume
12. Major Importing Countries by Volume
13. India Dairy Market Structure
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