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Report Overview
The India dairy market reached a value of nearly INR 9,918.0 billion in 2024. The market is projected to grow at a CAGR of 14.0% between 2025 and 2034 and reach around INR 32,081.40 billion by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Dairy Market Competitive Landscape
Prominent dairy cooperatives in the Indian dairy market are as follows:
Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)
Headquartered in India and founded in 1973, Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), commonly called AMUL, is India’s largest producer of milk and milk products. The company offers a wide range of dairy products under the ‘AMUL’ and ‘SAGAR’ brands; products including butter, milk, bread spreads, cheese, paneer, dahi, and others.
Karnataka Cooperative Milk Producers' Federation Limited (KMF)
Headquartered in India and founded in 1974, Karnataka Cooperative Milk Producers' Federation Limited (KMF) is the leading organisation for the dairy cooperative movement in Karnataka. The company offers a wide range of dairy products under the brand name ‘NANDINI’. Its product portfolio includes milk, UHT milk, flexipack milk, curds and other fermented products, including ghee, butter, cheese, and paneer, among others.
Orissa State Cooperative Milk Producers Federation Ltd (OMFED)
Headquartered in India and founded in 1980, Orissa State Cooperative Milk Producers Federation Ltd (OMFED) focuses on promoting, producing, procuring, processing, and marketing milk and milk products, aiming to enhance the economic development of the rural farming community in Orissa. The company offers a wide range of milk and milk products, including milk, curd and other fermented products, ghee and butter, ice cream and frozen desserts, milk sweets, and others.
Maharashtra Rajya Sahakari Dudh Mahasangh Maryadit
Headquartered in India and founded in 1967, Maharashtra Rajya Sahakari Dudh Mahasangh Maryadit serves as the apex federation of district and taluka milk unions in Maharashtra. The cooperative operates all across Maharashtra with its units in Goregaon, Pune, Varvand, Latur, and Nagpur. The cooperative offers products, including Annapurna milk, toned milk, double-toned milk, standardised milk, high-fat milk, chass, and other dairy products.
The private companies in the Indian dairy market are:
- Mother Dairy Fruit & Vegetable Pvt. Ltd.
- Britannia Industries Limited
- Nestle India Limited
- VRS Foods Limited
- Parag Milk Foods Limited
- Sterling Agro Industries Ltd.
- Kwality Limited
- KSE Limited
India Dairy Market Report Snapshots
Indian Dairy Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the Indian dairy market reached a value of around INR 9.918.0 billion.
The India dairy market is expected to grow at a CAGR of 14% between 2024 and 2032.
The India dairy market is estimated to register a healthy growth in the forecast period of 2024-2032 to reach INR 32,081.4 billion by 2032.
The key trends include the rising adoption of advanced production technologies leveraging sensors, the growing demand for clean-label dairy products, and increasing partnerships among small and medium-sized dairy farms across India.
The different sales channels of dairy include direct selling, convenience stores, supermarkets and hypermarkets, and online.
North India, East and Central India, West India, and South India are the significant markets for dairy.
The leading dairy cooperatives in India are Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), Karnataka Cooperative Milk Producers' Federation Limited (KMF), Orissa State Cooperative Milk Producers Federation Ltd (OMFED), Maharashtra Rajya Sahakari Dudh Mahasangh Maryadit, and The Punjab State Cooperative Milk Producers Federation Limited. The private companies in the Indian dairy sector are Mother Dairy Fruit & Vegetable Pvt. Ltd., Britannia Industries Limited, Nestle India Limited, VRS Foods Limited, Parag Milk Foods Limited, Sterling Agro Industries Ltd., Kwality Limited, and KSE Limited.
The market drivers include the introduction of favourable government initiatives to expand milk production, chilling, and processing capacity and the significance of dairy products in Indian culture.
The strict government policies related to mining, including its negative environmental impact, and high-risk nature of mining operations are the key challenges in the industry.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124