India Yogurt Market Set to Cross INR 6,000 Crore ($1 Bn) by 2021
Rising
health consciousness among consumers, growing demand for value added dairy
products, increasing disposable income levels and changing lifestyles to drive dairy
products market in India through 2021
According to recently published report by
TechSci Research titled “India Dairy Products Market By Product Type, Competition Forecast & Opportunities, 2011
– 2021’’, yogurt market in India grew at a CAGR of 28.9%during 2011-2015. Moreover,
the country’s yogurt market is projected to grow at an even more faster pace over
next five years and touch US$1 Billion by 2021. Easy availability of various
functional products, and rising emphasis on low calorie and low fat content of
food products is driving yogurt consumption in India. Yogurts are gradually eating
away the share of traditional dairy products in urban and semi urban cities, on
account of increasing health awareness, better quality of packaged yogurt and
increasing yogurt flavors.
Browse
5 market data Tables and 40 Figures spread through 101 Pages and an in-depth TOC on "India
Dairy Products Market"
http://www.techsciresearch.com/report/india-dairy-products-market-by-type-drinking-milk-ghee-butter-ice-cream-milk-powder-cheese-yogurts-probiotic-drinks-and-others-competition-forecast-and-opportunities-2011-2021/614.html
Rising
awareness about the health benefits of products, increasing disposable income
levels, growing demand from middle class segment, affordable prices, etc., are some
of the other factors driving demand for yogurts in India.Few of the leading
players operating in India dairy products market include Gujarat Cooperative
Milk Marketing Federation Ltd., National Dairy Development Board, Karnataka
Cooperative Milk Producers Federation Ltd., and Tamil Nadu Co-operative Milk
Producers' Federation Limited, among others.
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Yogurts are also
gaining popularity due to the entry of a number of organized players in the
market. The country is witnessing entry of a large number of international
players as well that are engaged in offering a variety of non-conventional
dairy products such as yogurts and probiotic drinks.With growing yogurt demand
and presence of only a handful of organized players offering yogurt, the prices
of these products are anticipated to grow through 2021.
“India
Dairy Products Market By Product Type, Competition Forecast & Opportunities,
2011 – 2021’’, has evaluated the future growth potential
of India dairy products market and provides statistics and information on
market structure, size and trends. The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyzes the emerging
trends along with essential drivers, challenges and opportunities available in
India dairy products market.
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