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Report Overview
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.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Dairy Market Regional Insight
North India is a prominent region due to the presence of milk-producing states such as Uttar Pradesh, Haryana, and Punjab.
Uttar Pradesh's bovine population, standing at 67.8 million, represents 16% of India's total. Despite a national decline, UP's livestock population has grown, yet half are low-yielders, as per the 20th Livestock Census 2019. Uttarakhand's 4.42 million livestock include 50% local cows, 17% cross-breeds, and 33% buffaloes, with five districts housing half the in-milk bovine. Haryana and Punjab report 6.93 million and 6.99 million livestock, respectively.
In West India, Rajasthan (15.05%), Gujarat (7.56%) and Maharashtra (6.47%) are amongst the leading milk-producing states in the country from the region in 2022-23. Gujarat is home to around 18 domesticated animal breeds out of India's total of 137.
In East and Central India, Bihar (5.48%) and Madhya Pradesh (8.60%) stand out as leading milk-producing states in India, prominent in the East and Central regions in 2022-23.
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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+1-415-325-5166
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