India Dairy Products Market to Grow with a CAGR of 6.76% through 2030F
The India Dairy Products
Market is driven by rising consumer
demand for nutritional products, increasing health awareness, urbanization, and
growing disposable incomes among the middle class.
According
to TechSci Research report, “India Dairy Products Market – By Region, Competition, Forecast & Opportunities, 2020-2030F”, the India Dairy Products Market was valued at USD 25.04 Billion in 2024
and is expected to reach USD 32.56 Billion by 2030 with a CAGR of 6.76% during
the forecast period. The
India Dairy Products market has experienced substantial growth in recent years,
owing to the increasing benefits associated with the consumption of dairy
products. As consumers become more health-conscious, they are recognizing the
nutritional value of dairy products, which are rich in essential vitamins,
calcium, protein, and minerals. Dairy products are increasingly seen as a vital
part of a balanced diet, contributing to bone health, weight management, and
improved digestion. The growing focus on wellness, fitness, and healthy eating
is boosting demand for dairy items like milk, yogurt, and cheese, particularly
among urban consumers. This trend is encouraging both traditional dairy
consumption and the adoption of new, health-focused dairy options, further
driving market expansion.
The India Dairy Products market is
driven due to the increased consumption of pizza across the region. As pizza
has gained popularity, especially among younger consumers, the demand for
cheese, one of the key ingredients in pizza, has surged. The growing number of
fast-food chains, QSRs (quick-service restaurants), and online food delivery
services has further fuelled this trend, leading to higher consumption of
cheese, mozzarella in particular, and other dairy-based pizza toppings. Also,
as pizza consumption expands, consumers are increasingly seeking high-quality,
flavorful, and diverse dairy products to enhance the taste and texture of their
pizzas. This growing demand for dairy ingredients has positively impacted the
dairy market, contributing to the expansion of both traditional and processed
dairy product sales.
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" India Dairy Products Market”
The India Dairy
Products Market is segmented into product type, end user, sales channel and region.
Based
on sales channel, online is the fastest-growing segment in the India Dairy
Products market, driven by the convenience of home delivery and the increasing
popularity of e-commerce platforms. Consumers are increasingly opting for
online shopping to purchase dairy products, especially due to the ease of
accessing a wide range of options, from fresh milk to specialty dairy items.
With the rise of grocery delivery services like BigBasket, Amazon Pantry, and
local players, dairy products are now easily accessible even in remote areas.
The ability to schedule deliveries, along with special discounts and offers,
has further boosted the growth of online sales in the dairy sector.
Based on region, South region of India is the fastest
growing in the Dairy Products market, driven by high consumption rates and
increasing urbanization in cities like Bengaluru, Chennai, and Hyderabad. The
region's strong dairy culture, with widespread consumption of milk, curd, and
paneer, further supports this growth. Also, the rise in disposable incomes, the
expansion of organized retail outlets, and the increasing popularity of branded
dairy products contribute to the growing demand. The Southern market is also
seeing a surge in modern shopping formats and online grocery services, making
dairy products more accessible to a broader consumer base.
Major companies
operating in India Dairy Products Market are:
- Britannia
Industries Limited
- Dodla Dairy Limited
- Gujarat
Co-operative Milk Marketing Federation Limited
- Hatsun Agro
Product Limited
- Karnataka Milk
Federation
- Mother Dairy
Fruit & Vegetable Private Limited
- Nestlé India
Limited
- Parag Milk
Foods
- Ananda Dairy
Ltd
- Alpha
Milk Foods Pvt. Ltd
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“The India Dairy Products Market is
driven by the rising population and increasing disposable income across the
region. As India’s population grows, especially in urban areas, there is a
greater demand for dairy products to meet the nutritional needs of a larger
consumer base. The growing middle class, coupled with higher disposable
incomes, has led to an increased willingness to spend on quality dairy
products, including premium and packaged options. Consumers are now more
inclined to purchase branded and processed dairy items such as cheese, yogurt,
and milk, contributing to the market's expansion. As disposable income continues
to rise, dairy products are becoming a staple in households across India,
fuelling the growth of the sector.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
“India Dairy Products
Market By Product Type (Butter, Cheese, Cream, Dairy Desserts, Milk, Sour Milk Drinks,
Yogurt), By End User (Residential, Commercial), By Sales Channel (Supermarket/Hypermarket,
Convenience Stores, Online, Others), By Region, Competition, Forecast & Opportunities,
2020-2030F”, has evaluated the future growth potential of India Dairy
Products Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the India Dairy Products
Market.
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