India Dairy Food Market Grew at a CAGR of 9% During the Period FY'2009-2014

Posted July 7, 2015 by kenresearch13

India dairy food market research report provides industry revenue, segmentation, trends and development along with market share of companies in ice cream, butter, cheese, yoghurt, milk powder, flavored milk, cottage cheese market
The growth of Ice Cream Industry in India has provided impetus to the growing presence for international and regional players which are foraying into the Industry. The modes of distribution used in the Ice Cream Industry are largely retail channels which include Mom and Pop stores, departmental stores and vending channels that incorporates street vendors. Over the years, the retail channels have dominated the distribution aspect of Ice Cream market in India. In terms of regional consumption, Delhi is the largest consumer for Ice Cream across India, which is followed by Gujarat as the second largest consumer. This is attributed to the prevalence of a unique culture in Gujarat for Ice Cream consumption.

Milk Powder has wide application in both commercial and household consumption alleged with convenience of storage as compared to liquid milk. Hence, milk powder has become one of the steadiest contributors to the overall dairy food industry. Milk Powder market is majorly composed of Skimmed Milk Powder, Whole Milk Powder, Non Fat Dry Milk Powder and Whey Milk Powder. Milk powder market in India has been largely driven by Institutional sales.
Butter Market in India is regarded as one amongst the major dairy food products in India. India is the world’s largest producer as well as consumer of butter. Its per capita consumption of butter has been registered at 3.5 Kg, which is just below the European Union, but more than the US where it has been recorded at 2.2 Kg during 2012. The consumption for butter has been posted at this stupendous level owing to increasing urbanization, expansion of the middle class and rising personal disposable incomes. A growing preference for butter among consumers is also due in part to nutritional studies espousing the benefits of natural ingredients.

Cheese market in India has grown at a steady pace, and is anticipated to hold over to the International market of Cheese business. The organized Cheese market has dominated the overall market. The urban population accounts for major cheese consumption in India, since Cheese has recently marked its presence in Industrial sector. The consumption of Cheese is majorly centered in metropolitan cities namely Delhi, Mumbai, Chennai and Kolkata, which has accounted for 60% of the overall consumption during FY’2014.

Paneer has been one of the rapidly growing dairy food products in India due to its popularity among Indian Households for making traditional dishes. The per capita consumption of paneer has been growing over the past five years owing to its direct correlation with population growth. Indian Paneer market revenues have surged at a considerable CAGR of 11% during FY’2009-FY’2014
Yoghurt market in India has observed a series of innovations over the last couple of years in the form of launch of newer varieties and flavors for yoghurt. The major players operating under this segment such as Danone, Amul, and Mother dairy have launched flavored yoghurt, fruited yoghurt, Probiotic Yoghurt, Srikhand, Yoghurt based smoothies and several other varieties. This unique range of yoghurt has allured customers towards higher consumption, which in turn has augmented the growth for this dairy food segment. The incline in consumer demand has been one of the leading factors behind growth of India’s Yoghurt market. The rising awareness about health consciousness as well as willingness to try new and innovative Yoghurt products has further contributed to such growth. As a result, the conventional spoonful of plain yoghurt is increasingly substituted by drinkable yoghurt, organic yoghurt, bio yoghurt, or fruited / flavored yoghurts.
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Tags competition india ice cream industry , india dairy food market size , india dairy food revenue generated , india dairy food sales volume , india dairy market research report , india ice cream industry future growth , india ice cream industry market size , india milk powder industry revenue
Last Updated July 7, 2015