Plant-Based Dairy in India

Plant-Based Dairy in India


Growth in demand for plant-based dairy products in India is expected to remain strong in 2024, with double-digit retail current value growth anticipated. Fresh cow’s milk is usually consumed on a daily basis in Indian households. While India has a large dairy industry with high penetration of dairy products, there is growing evidence of rising lactose intolerance in the country, which is driving demand for plant-based dairy products. In addition, with increasing urbanisation, many consumers’ lif...

Euromonitor International's Plant-based Dairy in India report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2020-2024, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2029, clearly indicating how the market is expected to change.

Product coverage: Plant-based Cheese, Plant-based Milk, Plant-based Yoghurt.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Plant-based Dairy market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.


Plant-Based Dairy in India
Euromonitor International
January 2025
List Of Contents And Tables
PLANT-BASED DAIRY IN INDIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Growing prevalence of lactose intolerance drives demand for plant-based dairy
Soy drinks dominates, but other plant-based milk is emerging
Plant-based dairy becomes increasingly fragmented with the entry of new players
PROSPECTS AND OPPORTUNITIES
Increasing product variety will continue to drive demand
Increasing number of players set to enter plant-based dairy
High prices of plant-based products may limit penetration
CATEGORY DATA
Table 1 Sales of Plant-Based Dairy by Category: Value 2019-2024
Table 2 Sales of Plant-Based Dairy by Category: % Value Growth 2019-2024
Table 3 Sales of Other Plant-Based Milk by Type: % Value 2021-2024
Table 4 NBO Company Shares of Plant-Based Dairy: % Value 2020-2024
Table 5 LBN Brand Shares of Plant-Based Dairy: % Value 2021-2024
Table 6 Distribution of Plant-Based Dairy by Format: % Value 2019-2024
Table 7 Forecast Sales of Plant-Based Dairy by Category: Value 2024-2029
Table 8 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2024-2029
DAIRY PRODUCTS AND ALTERNATIVES IN INDIA
EXECUTIVE SUMMARY
Dairy products and alternatives in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for dairy products and alternatives?
MARKET DATA
Table 9 Sales of Dairy Products and Alternatives by Category: Value 2019-2024
Table 10 Sales of Dairy Products and Alternatives by Category: % Value Growth 2019-2024
Table 11 NBO Company Shares of Dairy Products and Alternatives: % Value 2020-2024
Table 12 LBN Brand Shares of Dairy Products and Alternatives: % Value 2021-2024
Table 13 Penetration of Private Label by Category: % Value 2019-2024
Table 14 Distribution of Dairy Products and Alternatives by Format: % Value 2019-2024
Table 15 Forecast Sales of Dairy Products and Alternatives by Category: Value 2024-2029
Table 16 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
Summary 1 Research Sources

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