Reports
Indian Dairy Market: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Price Analysis; Trade Analysis; Industry Events and Developments; Competitive Landscape, 2023-2028
Indian Dairy Market Outlook
The Procurement Resource Indian Dairy industry report broadly studies the critical divisions, drivers, and restraints. The report also studies Indian dairy market trends, economically driven landscape, and other significant market traits.
The total Indian Dairy market size was around INR 13105.52 billion in 2021. Moreover, growing at a CAGR of around 15.40% during the time frame of 2022-2027, the expected market size in 2027 is likely to hold a value of about INR 30952.02 billion.
As the food and beverage industry employs dairy extensively, the food beverage industry is expanding. The Indian dairy market in Uttar Pradesh, followed by Rajasthan, Gujarat, and Punjab, is leading in the region. Being the largest producer Uttar Pradesh, is contributing to the region's market's expansion.
Introduction of Indian Dairy Industry: Definition of the Market and its Divisions
Harvesting and processing animal milk products are essential in the Indian dairy market. The milk can be derived from mammals like cows, goats, buffaloes, and camels. Dairy products like cheese, milk, butter etc., are the main by-products of milk. These are rich in protein, calcium, potassium, and vitamin D.
The Dairy industry report comprises segments by Product (Liquid Milk (Camel, Cow, and Goat), A2 Milk, Organic Milk, UHT Milk, Flavoured Milk, Curd (, Pouch, Cup), Butter Milk (Chach), Lassi, Cheese, Butter, Flavoured and Frozen Yoghurts, Probiotic Dairy Products, Paneer, Khoya, Ghee, Dairy Whitener, Ice-Cream, Dairy Sweets, Cream, Skimmed Milk Powder, Whey, Milk Shake, and Sweet Condensed Milk), and Region (India (Central, West, South, North, East).
Uttar Pradesh, followed by Rajasthan, Gujarat, and Punjab Regions are driving the Indian Dairy Market Growth
Uttar Pradesh, followed by Rajasthan, Gujarat, and Punjab, are the leading regions in the dairy processing industry owing to the importance of the areas in animal husbandry and high rate of consumption. This is leading to the regions to hold maximum Indian dairy market share.
The increasing focus on bettering the milk production per animal is the primary factor driving the Indian dairy market growth. A massive population of people depend on the dairy farms for income and employment, which is also essential to the country's economic development. Many sections of the population, like landless, marginal, and small farmers, participate in milk production activities, thus propelling the industry.
Hence, there is high potential of growth for Indian dairy market, thus resulting in higher export volumes. In addition, the Indian Government also introduced several programs to increase production in the country, encouraging rural producers through specific initiatives and schemes, further contributing to the market's growth.
The Production of Milk By-Products Explained
Products including dahi, shrikhand, mishti doi, lassilassi and chaas are produced from several fermentation processes. About 7–9% of the whole milk production is used for creating curd, which is directly consumed. Other variants of the same product are Shrikhand and Mishti Doi.
Furthermore, lassi sweet buttermilk enjoyed in the Northern part of India is industrially produced through ultra-high-temperature processing. The process of additive coagulation makes paneer and chhena. These are the following by-products created and consumed in the country, propelling the Indian dairy market.
The food and Beverage Sector's employment of the product, Further Bolsters the Dairy market in India.
The high population of dairy herds is aiding the Indian dairy market development. Furthermore, the food and beverage sector's extensive demand for the product further propels the importance of the dairy industry in India. In addition, the growing focus on a better harvesting system, which will lead to better productivity, is furthering the industry's outlook.
Other crucial factors like the rising population, and growing disposable income of the consumers, as a result of the country's developing economy, are boosting the industry growth. Also, the entry of national and international private players further aids the industry growth.
Products including yoghurt, cheese, probiotic drinks, etc. that cater to consumer need offered by private companies are augmenting the Indian dairy market demand. As a result, the market will witness newer growth opportunities in the market.
Challenges of the Indian dairy industry: However, the lack of awareness regarding quality feed will likely hinder the market growth.
North, West and Central, South, and East parts of India are the significant areas in the respective market.
Indian Dairy Key Players Participating in the Industry
- Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)
- Rajasthan Cooperative Dairy Federation Ltd (RCDF)
- Sterling Agro Industries Limited
- Britannia Industries Ltd.
- Karnataka Co-operative Milk Producers Federation Limited (KMF)
Competition in the dairy industry in India
Indian Dairy market growth is a crucial contributor to the country's economic growth, but the existing market is still highly unorganized, fragmented, and lacks technological advancements. The local milkmen sell raw or unprocessed milk to consumers and other vendors in the unorganized sector of the industry. In the organized sector, there is a presence of various private cooperatives. Despite rural production, multiple private vital players have also emerged in the region.
Recent Market News in the Indian Dairy Market
- DEC 18, 2021, The Karnataka Cooperative Milk Producers' Federation Limited (KMF) announced that surprise inspections would be conducted throughout the state and that product authentication of Nandini products would go into effect as a result of the discovery of thousands of kilogrammes of fake Nandini ghee during a raid on a Mysuru godown.
- Jul 04, 2022, Britannia Industries Ltd. Current market price is INR 3582.5.
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 Market Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Indian Dairy Market Snapshot
7 Industry Opportunities and Challenges
8 Indian Milk Market Overview
8.1 India Milk and Milk Products Historical Market (2017-2021)
8.2 India Milk and Milk Products Market Forecast (2022-2027)
8.3 India Milk Production by Cows and Buffaloes
8.4 Milk Utilization Patterns in India
9 Indian Dairy Market Analysis
9.1 Key Industry Highlights
9.2 Indian Dairy Historical Market (2017-2021)
9.3 Indian Dairy Market Forecast (2022-2027)
9.4 Structure of the Indian Dairy Industry
9.5 Indian Dairy Market by Product
9.5.1 Liquid Milk
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2017-2021)
9.5.1.3 Forecast Trend (2022-2027)
9.5.1.4 Breakup by Type
9.5.1.4.1 Cow Milk
9.5.1.4.2 Goat Milk
9.5.1.4.3 Camel Milk
9.5.1.5 Breakup by States
9.5.1.6 Breakup by Key Players
9.5.2 UHT Milk
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2017-2021)
9.5.2.3 Forecast Trend (2022-2027)
9.5.2.4 Breakup by States
9.5.2.5 Breakup by Key Players
9.5.3 A2 Milk
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2017-2021)
9.5.3.3 Forecast Trend (2022-2027)
9.5.3.4 Breakup by States
9.5.3.5 Breakup by Key Players
9.5.4 Organic Milk
9.5.4.1 Market Share
9.5.4.2 Historical Trend (2017-2021)
9.5.4.3 Forecast Trend (2022-2027)
9.5.4.4 Breakup by States
9.5.4.5 Breakup by Key Players
9.5.5 Flavoured Milk
9.5.5.1 Market Share
9.5.5.2 Historical Trend (2017-2021)
9.5.5.3 Forecast Trend (2022-2027)
9.5.5.4 Breakup by States
9.5.5.5 Breakup by Key Players
9.5.6 Curd
9.5.6.1 Market Share
9.5.6.2 Historical Trend (2017-2021)
9.5.6.3 Forecast Trend (2022-2027)
9.5.6.4 Breakup by Type
9.5.6.4.1 Cup Curd
9.5.6.4.2 Pouch Curd
9.5.6.5 Breakup by States
9.5.6.6 Breakup by Key Players
9.5.7 Lassi
9.5.7.1 Market Share
9.5.7.2 Historical Trend (2017-2021)
9.5.7.3 Forecast Trend (2022-2027)
9.5.7.4 Breakup by States
9.5.7.5 Breakup by Key Players
9.5.8 Butter Milk (Chach)
9.5.8.1 Market Share
9.5.8.2 Historical Trend (2017-2021)
9.5.8.3 Forecast Trend (2022-2027)
9.5.8.4 Breakup by States
9.5.8.5 Breakup by Key Players
9.5.9 Flavoured and Frozen Yoghurts
9.5.9.1 Market Share
9.5.9.2 Historical Trend (2017-2021)
9.5.9.3 Forecast Trend (2022-2027)
9.5.9.4 Breakup by States
9.5.9.5 Breakup by Key Players
9.5.10 Cheese
9.5.10.1 Market Share
9.5.10.2 Historical Trend (2017-2021)
9.5.10.3 Forecast Trend (2022-2027)
9.5.10.4 Breakup by States
9.5.10.5 Breakup by Key Players
9.5.11 Probiotic Dairy Products
9.5.11.1 Market Share
9.5.11.2 Historical Trend (2017-2021)
9.5.11.3 Forecast Trend (2022-2027)
9.5.11.4 Breakup by States
9.5.11.5 Breakup by Key Players
9.5.12 Butter
9.5.12.1 Market Share
9.5.12.2 Historical Trend (2017-2021)
9.5.12.3 Forecast Trend (2022-2027)
9.5.12.4 Breakup by States
9.5.12.5 Breakup by Key Players
9.5.13 Ghee
9.5.13.1 Market Share
9.5.13.2 Historical Trend (2017-2021)
9.5.13.3 Forecast Trend (2022-2027)
9.5.13.4 Breakup by States
9.5.13.5 Breakup by Key Players
9.5.14 Paneer
9.5.14.1 Market Share
9.5.14.2 Historical Trend (2017-2021)
9.5.14.3 Forecast Trend (2022-2027)
9.5.14.4 Breakup by States
9.5.14.5 Breakup by Key Players
9.5.15 Khoya
9.5.15.1 Market Share
9.5.15.2 Historical Trend (2017-2021)
9.5.15.3 Forecast Trend (2022-2027)
9.5.15.4 Breakup by States
9.5.15.5 Breakup by Key Players
9.5.16 Dairy Whitener
9.5.16.1 Market Share
9.5.16.2 Historical Trend (2017-2021)
9.5.16.3 Forecast Trend (2022-2027)
9.5.16.4 Breakup by States
9.5.16.5 Breakup by Key Players
9.5.17 Skimmed Milk Powder
9.5.17.1 Market Share
9.5.17.2 Historical Trend (2017-2021)
9.5.17.3 Forecast Trend (2022-2027)
9.5.17.4 Breakup by States
9.5.17.5 Breakup by Key Players
9.5.18 Ice-Cream
9.5.18.1 Market Share
9.5.18.2 Historical Trend (2017-2021)
9.5.18.3 Forecast Trend (2022-2027)
9.5.18.4 Breakup by States
9.5.18.5 Breakup by Key Players
9.5.19 Dairy Sweets
9.5.19.1 Market Share
9.5.19.2 Historical Trend (2017-2021)
9.5.19.3 Forecast Trend (2022-2027)
9.5.19.4 Breakup by States
9.5.19.5 Breakup by Key Players
9.5.20 Cream
9.5.20.1 Market Share
9.5.20.2 Historical Trend (2017-2021)
9.5.20.3 Forecast Trend (2022-2027)
9.5.20.4 Breakup by States
9.5.20.5 Breakup by Key Players
9.5.21 Whey
9.5.21.1 Market Share
9.5.21.2 Historical Trend (2017-2021)
9.5.21.3 Forecast Trend (2022-2027)
9.5.21.4 Breakup by States
9.5.21.5 Breakup by Key Players
9.5.22 Milk Shake
9.5.22.1 Market Share
9.5.22.2 Historical Trend (2017-2021)
9.5.22.3 Forecast Trend (2022-2027)
9.5.22.4 Breakup by States
9.5.22.5 Breakup by Key Players
9.5.23 Sweet Condensed Milk
9.5.23.1 Market Share
9.5.23.2 Historical Trend (2017-2021)
9.5.23.3 Forecast Trend (2022-2027)
9.5.23.4 Breakup by States
9.5.23.5 Breakup by Key Players
9.6 Indian Dairy Market by Region
9.6.1 Market Share
9.6.1.1 North India
9.6.1.2 West and Central India
9.6.1.3 South India
9.6.1.4 East India
10 Regional Analysis
10.1 North India
10.1.1 Historical Trend (2017-2021)
10.1.2 Forecast Trend (2022-2027)
10.2 West and Central India
10.2.1 Historical Trend (2017-2021)
10.2.2 Forecast Trend (2022-2027
10.3 South India
10.3.1 Historical Trend (2017-2021)
10.3.2 Forecast Trend (2022-2027)
10.4 East India
10.4.1 Historical Trend (2017-2021)
10.4.2 Forecast Trend (2022-2027)
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 PESTEL Analysis
11.3.1 Political
11.3.2 Economic
11.3.3 Social
11.3.4 Legal
11.3.5 Environmental
11.3.6 Technological
11.4 Key Indicators for Demand
11.5 Key Indicators for Price
12 Value Chain Analysis
13 Trade Analysis
13.1 Major Exporting Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Importing Countries
13.2.1 Volume
13.2.2 By Value
14 Price Analysis
15 Indian Dairy Market: Procurement and Distribution
15.1 Procurement
15.1.1 Milk Procurement Model: Cooperatives and Private Dairies
15.1.1.1 Milk Production at Village Level
15.1.1.2 Milk Collection at Collection Centres
15.1.1.3 Transportation and Processing
15.1.2 Incentives by Milk Processers to Farmers for Milk Collection
15.1.2.1 Compensation
15.1.2.2 Bonus
15.1.2.3 Insurance
15.1.2.4 Loans
15.1.2.5 Health Check-ups and Medical Facilities
15.1.2.6 Subsidized Cattle Feed and Seeds
15.1.2.7 Other Incentives
15.1.3 Procurement Prices of Milk in India
15.1.4 Challenges of Milk Procurement in India
15.2 Distribution
15.2.1 Milk and Milk Products Distribution: Cooperatives and Private Dairies
15.2.1.1 Manufacturing Plant: Product Processing, Packaging and Delivery
15.2.1.2 Distributors
15.2.1.3 Retailers
15.2.1.4 Retail Parlors
15.2.1.5 Door Delivery Systems
15.2.1.6 Cash and Carry
15.2.2 Selling Prices of Milk in India
15.2.3 Distributor and Retailer Margins
15.2.4 Challenges of Milk Distribution in India
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players’ Market Share
16.3 Company Profiles
16.3.1 Dairy Cooperatives
16.3.1.1 Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)
16.3.1.1.1 Company Overview
16.3.1.1.2 Product Portfolio
16.3.1.1.3 Demographic Reach and Achievements
16.3.1.1.4 Financial Summary
16.3.1.1.5 Certifications
16.3.1.2 Karnataka Co-operative Milk Producers Federation Limited (KMF)
16.3.1.2.1 Company Overview
16.3.1.2.2 Product Portfolio
16.3.1.2.3 Demographic Reach and Achievements
16.3.1.2.4 Financial Summary
16.3.1.2.5 Certifications
16.3.1.3 Rajasthan Cooperative Dairy Federation Ltd (RCDF)
16.3.1.3.1 Company Overview
16.3.1.3.2 Product Portfolio
16.3.1.3.3 Demographic Reach and Achievements
16.3.1.3.4 Financial Summary
16.3.1.3.5 Certifications
16.3.1.4 Mother Dairy Fruits & Vegetables Pvt Limited
16.3.1.4.1 Company Overview
16.3.1.4.2 Product Portfolio
16.3.1.4.3 Demographic Reach and Achievements
16.3.1.4.4 Financial Summary
16.3.1.4.5 Certifications
16.3.1.5 Punjab State Cooperative Milk Producers’ Federation Limited (MILKFED)
16.3.1.5.1 Company Overview
16.3.1.5.2 Product Portfolio
16.3.1.5.3 Demographic Reach and Achievements
16.3.1.5.4 Financial Summary
16.3.1.5.5 Certifications
16.3.1.6 Orissa State Cooperative Milk Producers Federation Ltd (OMFED)
16.3.1.6.1 Company Overview
16.3.1.6.2 Product Portfolio
16.3.1.6.3 Demographic Reach and Achievements
16.3.1.6.4 Financial Summary
16.3.1.6.5 Certifications
16.3.1.7 Maharashtra Rajya Sahakari Dudh Mahasangh Maraydit (Mahasangh)
16.3.1.7.1 Company Overview
16.3.1.7.2 Product Portfolio
16.3.1.7.3 Demographic Reach and Achievements
16.3.1.7.4 Financial Summary
16.3.1.7.5 Certifications
16.3.1.8 Others
16.3.2 Private Dairies
16.3.2.1 Britannia Industries Ltd.
16.3.2.1.1 Company Overview
16.3.2.1.2 Product Portfolio
16.3.2.1.3 Demographic Reach and Achievements
16.3.2.1.4 Financial Summary
16.3.2.1.5 Certifications
16.3.2.2 Sterling Agro Industries Limited
16.3.2.2.1 Company Overview
16.3.2.2.2 Product Portfolio
16.3.2.2.3 Demographic Reach and Achievements
16.3.2.2.4 Financial Summary
16.3.2.2.5 Certifications
16.3.2.3 Parag Milk Foods Limited.
16.3.2.3.1 Company Overview
16.3.2.3.2 Product Portfolio
16.3.2.3.3 Demographic Reach and Achievements
16.3.2.3.4 Financial Summary
16.3.2.3.5 Certifications
16.3.2.4 Nestle India Limited
16.3.2.4.1 Company Overview
16.3.2.4.2 Product Portfolio
16.3.2.4.3 Demographic Reach and Achievements
16.3.2.4.4 Financial Summary
16.3.2.4.5 Certifications
16.3.2.5 VRS Foods Limited
16.3.2.5.1 Company Overview
16.3.2.5.2 Product Portfolio
16.3.2.5.3 Demographic Reach and Achievements
16.3.2.5.4 Financial Summary
16.3.2.5.5 Certifications
16.3.2.6 Others
17 Industry Events and Developments
The market size was valued at INR 13105.52 billion in 2021.
The market is expected to expand at a CAGR of 15.40% during 2022-2027.
The significant demand for various types of dairy by-products is one of the essential drivers of the Dairy market growth.
The list of dairy companies in Indian dairy market are Companies Covered (Dairy Cooperatives) Karnataka Co-operative Milk Producers Federation Limited (KMF), Mother Dairy Fruits & Vegetables Pvt Limited, Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), Punjab State Cooperative Milk Producers' Federation Limited (MILKFED), Rajasthan Cooperative Dairy Federation Ltd (RCDF), and Others and Companies Covered (Private Dairies) Sterling Agro Industries Limited, Parag Milk Foods Limited., VRS Foods Limited, Nestle India Limited, Britannia Industries Ltd., are the key enterprises in the Indian dairy market.
The Uttar Pradesh, followed by Rajasthan, Gujarat, and Punjab regions of the Dairy industry, holds a significant share in the market.
The value attained by the Indian Dairy market was INR 13105.52 billion in the year 2021, driven by the reliance on the industry for the country's economic development. Aided by the high population of dairy herds, thriving food and beverage sector, the growing focus on a better system of harvesting etc., the expected progress during the Indian dairy market forecast period of 2022-2027, expanding at a CAGR of 15.40% is INR 30952.02 billion by 2027.
Some of the leading players in the industry are Companies Covered (Dairy Cooperatives), Karnataka Co-operative Milk Producers Federation Limited (KMF), Mother Dairy Fruits & Vegetables Pvt Limited, Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), Punjab State Cooperative Milk Producers' Federation Limited (MILKFED), Rajasthan Cooperative Dairy Federation Ltd (RCDF), and Others and Companies Covered (Private Dairies) Sterling Agro Industries Limited, Parag Milk Foods Limited., VRS Foods Limited, Nestle India Limited, Britannia Industries Ltd., are some of the prominent companies in the market.
Procurement Resources' team uses a blend of cutting-edge analytical tools and their knowledge to explore the macro and micro aspects of the industry.
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