Dairy Industry in Maharashtra to Reach INR 6,559.3 Billion by 2032, Stimulated by Increasing Demand for Protein-Rich and Nutritious Food

August 29, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Dairy Industry in Maharashtra: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution”, the dairy industry in Maharashtra size reached INR 1,988.0 Billion in 2023. The dairy industry is a crucial sector of agriculture and food production focused on the processing and distribution of various dairy products derived from milk. It involves the production, processing, and distribution of milk and different dairy products. The primary raw material in the dairy industry is milk, sourced from various animals, such as cows, buffaloes, goats, and sheep. After collection, the milk undergoes thorough processing to produce various products, including milk, cheese, butter, yogurt, ice cream, and several other derivatives. Dairy products are valued for their taste and nutritional content and their versatility in cooking and baking. They provide essential nutrients, such as calcium, protein, vitamins, and minerals, contributing to overall health and well-being.

Dairy Industry in Maharashtra Trends:

The increasing demand for milk and dairy products due to the rising population and urbanization in the region are major factors driving the market growth. Additionally, the growing awareness about the health benefits of dairy consumption, such as providing essential nutrients like calcium, protein, and vitamins, is supporting the market growth. In addition to this, the state's favorable geographical location and well-established transportation infrastructure have enabled dairy companies to access markets across the globe. Moreover, the increasing preference for value-added dairy products as consumers are seeking innovative and convenient dairy items, such as flavored milk, probiotic yogurt, and functional dairy products enriched with health-promoting ingredients, is creating a positive outlook for the market growth. Besides this, rapid technological advancements, such as the utilization of automation and digitalization to streamline various stages of the dairy supply chain, from milk collection at farms to processing and distribution, which assists in improving operational efficiency, quality, and safety of dairy products is providing an impetus to the market growth. Apart from this, the growing government's support and initiatives that offer schemes and subsidies to dairy farmers and cooperatives have incentivized milk production and enhanced the livelihood of those engaged in the dairy sector, contributing to the market growth. Looking forward, the market value is projected to reach INR 6,559.3 Billion by 2032, expanding at a CAGR of 13.8% during 2024-2032.

Market Summary:

Based on the product type, the market has been categorized into liquid milk, ghee, curd, paneer, ice-cream, table butter, skimmed milk powder, frozen/flavored yoghurt, fresh cream, lassi, butter milk, cheese, flavored milk, UHT milk, dairy whitener, sweet condensed milk, infant food and malt-based beverages. Among these, liquid milk represents the largest market share.
The competitive landscape of the market has also been examined, with some of the key players being Amul (Gujarat Co-operative Milk Marketing Federation Ltd), Gokul (Kolhapur Zilla Sahakari Dudh Utpadak Sangh Ltd), Warana (Shree Warana Sahakari Dudh Utpadack Prakriva Sangh Ltd), Mother Dairy and Chitale Dairy.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	INR Billion, Million Tons
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Product Type
Product Types Covered	Liquid Milk, Ghee, Curd, Paneer, Ice-Cream, Table Butter, Skimmed Milk Powder, Frozen/Flavoured Yoghurt, Fresh Cream, Lassi, Butter Milk, Cheese, Flavoured Milk, UHT Milk, Dairy Whitener, Sweet Condensed Milk, Infant Food, Malt Based Beverages
Companies Covered	Amul (Gujarat Co-operative Milk Marketing Federation Ltd), Gokul (Kolhapur Zilla Sahakari Dudh Utpadak Sangh Ltd), Warana (Shree Warana Sahakari Dudh Utpadack Prakriva Sangh Ltd), Mother Dairy and Chitale Dairy
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Dairy Industry in Maharashtra to Reach INR 6,559.3 Billion by 2032, Stimulated by Increasing Demand for Protein-Rich and Nutritious Food

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