The milk market in India is projected to rise by USD 17.6 billion by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 7.8 percent during the forecast period. The India milk market is primarily driven by the country’s strong cultural preference for dairy, which is deeply ingrained in dietary habits and traditions. With rising disposable incomes and an expanding middle class, there is growing demand for value-added dairy products, including flavored, fortified, and packaged milk. Additionally, the rapid expansion of organized retail and e-commerce platforms is making a wide variety of milk products more accessible to consumers across urban and rural areas. Government initiatives to enhance dairy farming efficiency and support for local producers are further bolstering the market, ensuring a steady supply to meet the increasing demand.
This report provides a thorough assessment of the India milk industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the milk industry.
Market Segmentation
The milk market in India is categorized into the following segments:
Product: cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, powdered milk
Distribution channel: supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, others
The India milk market is segmented on the basis of product, and distribution channel. Based on product, the milk market in India is categorized into cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. On the basis of distribution channel, the milk market in India has been segmented into supermarkets and hypermarkets, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The India milk market is highly competitive. The milk market is dominated by key players, which are VRS Foods Limited, The Punjab State Cooperative Milk Producers’ Federation Limited (MILKFED), The Orissa State Cooperative Milk Producers’ Federation Ltd., Tamil Nadu Cooperative Milk Producers Federation Limited (TNCMPFL), Rajasthan Co-operative Dairy Federation Ltd., Parle Agro Private Limited, National Dairy Development Board (NDDB), Metro Dairy Ltd, Maharashtra Rajya Sahakari Dudh Mahasangh Maryadit (MRSDMM), Madhya Pradesh State Cooperative Dairy Federation Ltd., Lactalis South Africa (Pty) Ltd., Kerala Co-operative Milk Marketing Federation (KCMMF), Karnataka Cooperative Milk Producers Federation Ltd., Heritage Foods Limited, Hatsun Agro Product Ltd., Haryana Dairy Development Cooperative Federation Limited, Gujarat Co-operative Milk Marketing Federation Limited (GCMMF), Delhi Milk Scheme (DMS), Dairy Development Department Maharashtra State, Bihar State Milk Co-Operative Federation Ltd, Andhra Pradesh Dairy Development Cooperative Federation Limited (APDDCF).
This report provides a comprehensive analysis of the key players in the India milk market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.
Why Buy This Report?
Obtain precise statistical data and forecasts for the India milk market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the India milk market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the India milk market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewIndia milk market – product analysis
India milk market – distribution channel analysis
Key players and market share
– VRS Foods Limited
– The Punjab State Cooperative Milk Producers’ Federation Limited (MILKFED)
– The Orissa State Cooperative Milk Producers’ Federation Ltd.
– Tamil Nadu Cooperative Milk Producers Federation Limited (TNCMPFL)
– Rajasthan Co-operative Dairy Federation Ltd.
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table India milk market 2019-2029
Chart India milk market, net growth, 2019-2029
Chart India milk market, growth rates, 2019-2029
Table India milk market by product, 2019-2029
Chart India milk market by product, CAGR historic and forecast, 2019-2029
Chart India milk market by product, 2019-2029
Table India milk market by distribution channel, 2019-2029
Chart India milk market by distribution channel, CAGR historic and forecast, 2019-2029
Chart India milk market by distribution channel, 2019-2029
Table India milk market share (%), by companies, 2019-2023
Chart India milk market, by companies, 2023
Table India milk market share (%), by brands, 2019-2023
Chart India milk market, by brands, 2023
Table India – population (millions) and forecast
Table India – consumer price index (CPI) and forecast
Table India – gross domestic product and forecast
Table India milk market: spend as a proportion of GDP (%)
Table India milk market: consumption per capita (population)