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Buttermilk, also known as chaas or chaach, refers to the liquid left behind when the cream is churned into butter. The lactic acid present in buttermilk gives it a slightly acidic or sour taste and makes it easier to digest for lactose-intolerant consumers. It also helps the human body to fight against diseases and bacterial infections, and acts as a natural treatment against swelling, irritation and lack of appetite. Earlier, it was only consumed as a beverage, but nowadays it is also used in bakery products and frozen desserts in dried or condensed form. The recently published research report by IMARC Group, titled “Buttermilk Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates the buttermilk market in India grew at a CAGR of more than 21% during 2011-2018. The report further anticipates the market to reach a value of INR 237.5 Billion by 2024, exhibiting a double digit growth over the forecast period.
Buttermilk Market in India Drivers/Constraints:
Regional Insights:
On the basis of region, Tamil Nadu enjoys the leading position in the Indian buttermilk market, holding the largest market share. This can be attributed to the important role of buttermilk in the daily diet of the consumers in the state. Other major regional markets include Andhra Pradesh, Karnataka, Maharashtra and Gujarat.
Competitive Landscape:
The market is fragmented in nature with the presence of numerous small and large manufacturers who compete in terms of quality and price. These manufacturers continually invest in expanding their product portfolio so as to increase their consumer-base. Some of the key players operative in the market are:
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