Market Overview

The India dairy market size was valued at USD 115.57 billion in 2022. The market is projected to grow from USD 124.93 billion in 2023 to USD 227.53 billion by 2030, exhibiting a CAGR of 8.94% during the forecast period.

India is a big exporter of dairy products, with leading producers including Uttar Pradesh, Maharashtra, Himachal Pradesh, Madhya Pradesh, Rajasthan, Punjab, and Tamil Nadu. The demand for dairy products with added health benefits is expected to increase, boosting India's dairy market share. This information is provided in the report "India Dairy Market, 2023-2030" by Fortune Business Insights™.

List of Key Players Profiled in the Report

• Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) (India)
• Heritage Foods Limited (India)
• Karnataka Cooperative Milk Producers Federation Limited (India)
• Kwality Milk Foods Ltd (India)
• Milk food Limited (India)
• National Dairy Development Board (India)
• Parag Milk Foods (India)
• Punjab State Cooperative Milk Producers Federation Ltd (MILKFED) (India)
• Rajasthan Cooperative Dairy Federation Ltd (RCDF) (India)
• Tamil Nadu Cooperative Milk Producers Federation Ltd (TCMPF) (India)

Segments:

Owing to Milk Being a Part of Diet of Millions of People, Milk Segment is Set to Lead

The dairy product market covers many items such as milk, cheese, butter, desserts, powder, curd, yogurt, cream, and more. Milk is the most popular because it's a basic food for a lot of people. In India, people are increasingly choosing natural, farm-fresh milk, which is increasing its use. Because dairy products are so popular in India, new and appealing flavors are being created by businesses and startups to draw in customers.

With Increasing Number of Convenience Stores, Others Segment to Lead

The market is divided into various channels such as supermarkets, hypermarkets, specialty retailers, and others. The "others" category, which includes local milk vendors and convenience stores, is expected to grow because of more convenience stores and easy access to dairy products like milk, curd, and paneer. Specialty retailers are also gaining popularity in both developing and developed countries due to their expert product knowledge, better shopping experience, and wider selection of high-quality products.

Report Coverage