Report Overview

The India dairy market reached a value of nearly INR 9918.00 Billion in 2024. The market is projected to grow at a CAGR of 14.00% between 2025 and 2034 and reach around INR 36768.22 Billion by 2034.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

India Dairy Market Size

The India dairy market reached a value of nearly INR 9,918.0 billion in 2023. The market is projected to grow at a CAGR of 14.0% between 2024 and 2032 and reach around INR 32,081.40 billion by 2032.

 

India Dairy Market Outlook

  • India is the world's largest dairy market in terms of milk production. In the 2022-23 period, India produced approximately 230.58 million tonnes of milk.
  • Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), Karnataka Co-operative Milk Producers Federation Limited (KMF), and Orissa State Cooperative Milk Producers Federation Ltd (OMFED) are some of the major companies in the India dairy market.
  • In 2022-23, the leading milk-producing states were Uttar Pradesh (15.44%), Rajasthan (14.44%), Madhya Pradesh (8.6%), Gujarat (7.49%), and Andhra Pradesh (6.70%), collectively accounting for 53.08% of the nation's milk output.

 

India Dairy Market Report Snapshots

Indian Dairy Market Size

Indian Dairy Market Analysis

Indian Dairy Market Growth

Indian Dairy Market Trends

Indian Dairy Market Share

Indian Dairy Companies

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 2024, the Indian dairy market reached a value of around INR 9918.00 Billion.

The India dairy market is expected to grow at a CAGR of 14.00% between 2025 and 2034.

The India dairy market is estimated to register a healthy growth in the forecast period of 2025-2034 to reach INR 36768.22 Billion by 2034.

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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