Indian Dairy Market Report and Forecast 2023-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $3,499	154 Pages	Expert Market Research	September, 2023	EMAR18198719

Best Price Guarantee
Price	from $3,499
Length	154 Pages
Publisher	Expert Market Research
Published Date	September, 2023
SKU	EMAR18198719

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
Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)
Karnataka Co-operative Milk Producers Federation Limited (KMF)
Orissa State Cooperative Milk Producers Federation Ltd (OMFED)
Maharashtra Rajya Sahakari Dudh Mahasangh Maraydit
Punjab State Cooperative Milk Producers Federation Limited
Others
Private Companies
Mother Dairy Fruits & Vegetables Pvt Limited
Britannia Industries Ltd.
Nestle India Limited
VRS Foods Limited
Parag Milk Foods Limited
Sterling Agro Industries Limited
Kwality Limited
KSE Limited
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