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The Indian cream market exhibited strong growth during 2015-2020. Cream is a dairy product which is used to give a smooth texture and consistency to food products. Nowadays, it is widely used in the preparation of various dishes, desserts and beverages such as ice-creams, salads, sweet meals, tea, coffee, etc. The healthy growth of the market can be attributed to numerous forces. Rising population, increasing incomes, expanding application in the food and beverage industry represent some of the major growth driving factors. Looking forward, IMARC Group expects the Indian cream market to grow at a CAGR of around 15% during 2021-2026.
The report has examined the Indian Cream Market in 15 major states:
For each of the states, the report provides a thorough analysis of the current and historical value and volume trends, market share of key players and market forecast. Currently, Maharashtra represents the largest market, accounting for majority of the market share. It is followed by Gujarat and Delhi. The competitive landscape of the Indian cream market has also been covered in this report. Some of the prominent players operating in the market include GCMMF, Mother Dairy and Parag Milk Foods.
The study gives an in-depth analysis of the cream market landscape in India, covering the current, historical and future trends for cream production along with its prices. The report also offers SWOT, Value Chain and Porter’s Five Forces analysis of the Indian cream market along with breakup by segment, region, and an analysis of the competitive landscape. The study is based on both desk research and multiple waves of qualitative primary research. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian cream industry in any manner.
We expect the cream market in India to exhibit a CAGR of around 15% during 2021-2026.
The expanding application of cream in the food and beverage industry for preparing ice-creams, salads, sweet meals, Indian cuisines, desserts, etc., is currently catalyzing the cream market in India.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of cream.
On a regional level, the market has been classified into Maharashtra, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, West Bengal, Bihar, Delhi, Kerala, Punjab, Orissa, and Haryana, where Maharashtra currently dominates the Indian market.
Some of the major players in the cream market in India include GCMMF, Mother Dairy, and Parag Milk Foods.
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