The dairy market in India size reached INR 14,899.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 31,185.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028.
| Report Attribute | Key Statistics |
|---|---|
| Base Year | 2022 |
| Forecast Years | 2023-2028 |
| Historical Years | 2017-2022 |
| Dairy Industry in India Size in 2022 | NR 14,899.8 Billion |
| Dairy Industry in India Forecast in 2028 | INR 31,185.7 Billion |
| Dairy Industry in India Growth Rate (2023-2028) | 13.2% |
India has been the leading producer and consumer of dairy products worldwide since 1998 with a sustained growth in the availability of milk and milk products. Dairy activities form an essential part of the rural Indian economy, serving as an important source of employment and income. India also has the largest bovine population in the world. However, the milk production per animal is significantly low as compared to the other major dairy producers. Moreover, nearly all of the dairy produce in India is consumed domestically, with the majority of it being sold as fluid milk. On account of this, the Indian dairy industry holds tremendous potential for value-addition and overall development.
Along with offering profitable business opportunities, the dairy industry in India serves as a tool of socio-economic development. Keeping this in view, the Government of India has introduced various schemes and initiatives aimed at the development of the dairy sector in the country. For instance, the “National Dairy Programme (Phase-I)” aims to improve cattle productivity and increase the production of milk expanding and strengthening and expanding the rural milk procurement infrastructure and provide greater market access to the farmers. On the other hand, the private participation in the Indian dairy sector has also increased over the past few years. Both national and international players are entering the dairy industry, attracted by the size and potential of the Indian market. The focus is being given to value-added products such as cheese, yogurt, probiotic drinks, etc. They are also introducing innovative products keeping in mind the specific requirements of the Indian consumers. These players are also improving their milk procurement network which is further facilitating the development of the dairy industry in India.
The report by IMARC Group is the latest edition of their highly acclaimed publication on the Indian dairy industry. The study is the result of an extensive research of the Indian dairy industry that draws upon a comprehensive analysis of every major dairy segment in India. The report is based both on secondary research and multiple waves of qualitative primary research and has delved deeply into the following aspects of the Indian dairy market:
All-inclusive situation analysis of the Indian dairy industry and its dynamics:
Segments Covered: Liquid Milk, UHT Milk, Flavoured Milk, Curd, Flavoured & Frozen Yoghurts, Probiotic Dairy Products, Lassi, Butter Milk, Table Butter, Ghee, Paneer, Cheese, Khoya, Cream, Skimmed Milk Powder, Dairy Whitener, Sweet Condensed Milk, Ice Cream, Whey, A2 Milk, Organic Milk, Milk Shake and Dairy Sweets.
Focus of the Analysis in Each Segment:
- Drivers and challenges in each market
- Imapct of COVID-19 on the industry
- Historical, current and future sales trends
- Historical, current and future volume trends
- Historical, current and future price trends
- Size and analysis of the organized and unorganized markets
- Structure of the market
- Key players and products available in these markets
Regions Covered: Karnataka, Maharashtra, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar, and Orissa.
Focus of the Analysis in Each Region:
- Key Drivers and challenges in each region
- Historical, current and future sales trends
- Market breakup by key products in each region
- Key players operating in these markets
Understanding India’s Foreign Trade in the Dairy Industry
Segments Covered: All major dairy segments
Focus of the Analysis in Each Segment:
- Import Volumes
- Import Values
- Export Volumes
- Export Values
Understanding Milk Procurement and Distribution in India
Focus of the Analysis:
- Milk procurement models of private dairies and cooperatives
- Milk procurement prices in India
- Milk distribution models of private dairies and cooperatives
- Challenges of milk procurement and distribution in India
Understanding the Technical and Financial Requirements for Setting up a Dairy Plant
Focus of the Analysis:
- Cost of setting up a dairy plant in India
- Loans and financing
- Techno – economic parameters
- Expected income and expenditures
Understanding the Government Policies in the Dairy Sector
Focus of the Analysis:
- Regulatory Framework
- Government Initiatives
- Duty Structure
Evaluation of all Major Cooperatives and Private Dairies in India
Focus of the Analysis:
- Organization Overview
- Financials and Processing Capacity
- Product Portfolio
