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Curd Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Curd, also known as Dahi, is prepared by coagulating milk by adding a starter culture of lactic acid bacteria, vinegar or lemon juice. Curd represents an essential part of a balanced diet and can also be consumed by lactose intolerant people. Owing to the high content of calcium, vitamin D, proteins and phosphorus present in it, curd helps to strengthen bones and improve digestion. Besides this, it also reduces the chance of breast cancer. A recently released report by IMARC Group, titled “Curd Market in India:  Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, critically examines the Indian curd market. The report finds that the market exhibited double-digit growth during 2015-2020. The healthy growth of the market can be attributed to numerous forces. Population growth, rising disposable incomes, increasing health consciousness among consumers and affordable price are some of the factors that are currently broadening the growth aspects of the market. Looking forward, the curd market in India is expected to grow at a CAGR of 15.3% during the forecast period (2021-2026).

The report has examined the Indian Curd Market in 15 major states:

  • Maharashtra
  • Uttar Pradesh
  • Andhra Pradesh and Telangana
  • Tamil Nadu
  • Gujarat
  •  Rajasthan
  •  Karnataka
  •  Madhya Pradesh
  •  West Bengal
  •  Bihar
  •  Delhi
  •  Kerala
  • Punjab
  • Orissa
  • Haryana

 

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 region with highest market share in the country. It is followed by Uttar Pradesh and Andhra Pradesh. The competitive landscape of the Indian curd market has also been covered in this report. Some of the prominent players operating in the market include KMF, GCMMF, Mother Dairy, Sri Vijaya Visakha Milk Producers and Heritage.

The study gives an in-depth analysis of the curd market landscape in India, covering the current, historical and future trends for curd production along with its prices. The report also offers SWOT, Value Chain and Porter’s Five Forces analysis of the Indian curd 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 curd industry in any manner.

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Indian Dairy Industry
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market by Organised and Unorganised Segment
    5.4    Milk Production and Consumption Trends
        5.4.1 Current and Historical Trends
        5.4.2 Production and Consumption Forecast
    5.5    Milk Production by State
    5.6    Milk Production by Cattle
    5.7    Milk Utilization Patterns in India
    5.8    Market Forecast
6   Indian Curd Industry
    6.1    Market Overview
    6.2    Market Performance
        6.2.1 Volume Trends
        6.2.2 Value Trends
    6.3    Impact of COVID-19
    6.4    Price Trends
        6.4.1 Milk Procurement Price Trends
        6.4.2 Curd Price Trends
    6.5    Market Breakup by Region
    6.6    Market Breakup by Type
    6.7    Market Breakup by Retail Vs Institutional 
    6.8    Market Forecast
    6.9    SWOT Analysis
        6.9.1    Overview
        6.9.2    Strengths
        6.9.3    Weaknesses
        6.9.4    Opportunities
        6.9.5    Threats
    6.10    Value Chain Analysis
    6.11    Porter’s Five Forces Analysis
        6.11.1    Overview
        6.11.2    Bargaining Power of Buyers
        6.11.3    Bargaining Power of Suppliers
        6.11.4    Degree of Competition
        6.11.5    Threat of New Entrants
        6.11.6    Threat of Substitutes
    6.12    Key Success Factors and Risk Factors
7   Performance of Key Regions
    7.1    Karnataka
        7.1.1 Market Performance
            7.1.1.1 Volume Trends
            7.1.1.2 Value Trends
        7.1.2 Competitive Landscape
        7.1.3 Market Forecast
            7.1.3.1 Volume Trends
            7.1.3.2 Value Trends
    7.2   Maharashtra
        7.2.1 Market Performance
            7.2.1.1 Volume Trends
            7.2.1.2 Value Trends
        7.2.2 Competitive Landscape
        7.2.3 Market Forecast
            7.2.3.1 Volume Trends
            7.2.3.2 Value Trends
    7.3   Tamil Nadu
        7.3.1 Market Performance
            7.3.1.1 Volume Trends
            7.3.1.2 Value Trends
        7.3.2 Competitive Landscape
        7.3.3 Market Forecast
            7.3.3.1 Volume Trends
            7.3.3.2 Value Trends
    7.4   Delhi
        7.4.1 Market Performance
            7.4.1.1 Volume Trends
            7.4.1.2 Value Trends
        7.4.2 Competitive Landscape
        7.4.3 Market Forecast
            7.4.3.1 Volume Trends
            7.4.3.2 Value Trends
    7.5   Gujarat
        7.5.1 Market Performance
            7.5.1.1 Volume Trends
            7.5.1.2 Value Trends
        7.5.2 Competitive Landscape
        7.5.3 Market Forecast
            7.5.3.1 Volume Trends
            7.5.3.2 Value Trends
    7.6   Andhra Pradesh and Telangana
        7.6.1 Market Performance
            7.6.1.1 Volume Trends
            7.6.1.2 Value Trends
        7.6.2 Competitive Landscape
        7.6.3 Market Forecast
            7.6.3.1 Volume Trends
            7.6.3.2 Value Trends
    7.7   Uttar Pradesh
        7.7.1 Market Performance
            7.7.1.1 Volume Trends
            7.7.1.2 Value Trends
        7.7.2 Competitive Landscape
        7.7.3 Market Forecast
            7.7.3.1 Volume Trends
            7.7.3.2 Value Trends
    7.8   West Bengal
        7.8.1 Market Performance
            7.8.1.1 Volume Trends
            7.8.1.2 Value Trends
        7.8.2 Competitive Landscape
        7.8.3 Market Forecast
            7.8.3.1 Volume Trends
            7.8.3.2 Value Trends
    7.9   Kerala
        7.9.1 Market Performance
            7.9.1.1 Volume Trends
            7.9.1.2 Value Trends
        7.9.2 Competitive Landscape
        7.9.3 Market Forecast
            7.9.3.1 Volume Trends
            7.9.3.2 Value Trends
    7.10   Haryana
        7.10.1 Market Performance
            7.10.1.1 Volume Trends
            7.10.1.2 Value Trends
        7.10.2 Competitive Landscape
        7.10.3 Market Forecast
            7.10.3.1 Volume Trends
            7.10.3.2 Value Trends
    7.11   Punjab
        7.11.1 Market Performance
            7.11.1.1 Volume Trends
            7.11.1.2 Value Trends
        7.11.2 Competitive Landscape
        7.11.3 Market Forecast
            7.11.3.1 Volume Trends
            7.11.3.2 Value Trends
    7.12   Rajasthan
        7.12.1 Market Performance
            7.12.1.1 Volume Trends
            7.12.1.2 Value Trends
        7.12.2 Competitive Landscape
        7.12.3 Market Forecast
            7.12.3.1 Volume Trends
            7.12.3.2 Value Trends
    7.13   Madhya Pradesh
        7.13.1 Market Performance
            7.13.1.1 Volume Trends
            7.13.1.2 Value Trends
        7.13.2 Competitive Landscape
        7.13.3 Market Forecast
            7.13.3.1 Volume Trends
            7.13.3.2 Value Trends
    7.14   Bihar
        7.14.1 Market Performance
            7.14.1.1 Volume Trends
            7.14.1.2 Value Trends
        7.14.2 Competitive Landscape
        7.14.3 Market Forecast
            7.14.3.1 Volume Trends
            7.14.3.2 Value Trends
    7.15   Orissa
        7.15.1 Market Performance
            7.15.1.1 Volume Trends
            7.15.1.2 Value Trends
        7.15.2 Competitive Landscape
        7.15.3 Market Forecast
            7.15.3.1 Volume Trends
            7.15.3.2 Value Trends
8   Market Breakup by Type
    8.1    Cup Curd
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Pouch Curd
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Market Breakup by Retail Vs Institutional
    9.1    Retail
        9.1.1 Market Trends
       9.1.2 Market Forecast
    9.2    Institutional
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Competitive Landscape
    10.1    Competitive Structure
    10.2    Market Breakup by Key Players
11  Curd Manufacturing Process
    11.1    Product Overview
    11.2    Detailed Process Flow
    11.3    Various Types of Unit Operations Involved
    11.4    Mass Balance and Raw Material Requirements
12  Project Details, Requirements and Costs Involved
    12.1    Land Requirements and Expenditures
    12.2    Construction Requirements and Expenditures
    12.3    Plant Machinery
    12.4    Machinery Pictures
    12.5    Raw Material Requirements and Expenditures
    12.6    Raw Material and Final Product Pictures
    12.7    Packaging Requirements and Expenditures
    12.8    Transportation Requirements and Expenditures
    12.9    Utility Requirements and Expenditures
    12.10    Manpower Requirements and Expenditures
    12.11    Other Capital Investments
13  Loans and Financial Assistance
14  Project Economics

    14.1    Capital Cost of the Project
    14.2    Techno-Economic Parameters
    14.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    14.4    Taxation and Depreciation
    14.5    Income Projections
    14.6    Expenditure Projections
    14.7    Financial Analysis
    14.8    Profit Analysis
15  Key Player Profiles

List of Figures

Figure 1: India: Dairy Industry Overview
Figure 2: India: Dairy Market (in Billion INR), 2015-2020
Figure 3: India: Dairy Market: Breakup by Segment (in %), 2020  
Figure 4: India: Total Milk Production (in Million Metric Tons), 2015-16 – 2020-21
Figure 5: India: Total Milk Consumption (in Million Metric Tons), 2015-16 – 2020-21
Figure 6: India: Total Milk Production Forecast (in Million Metric Tons), 2021-22– 2026-27
Figure 7: India: Total Milk Consumption Forecast (in Million Metric Tons), 2021-22– 2026-27
Figure 8: India: Milk Utilisation Patterns
Figure 9: India: Dairy Market Forecast (in Billion INR), 2021-2026
Figure 10: India: Curd Market: Major Drivers and Challenges
Figure 11: India: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 12: India: Curd Market: Value Trends (in Billion INR), 2015-2020
Figure 13: India: Milk Market: Procurement Price Trends (in INR/Litre), 2015-2020
Figure 14: India: Curd Market: Retail Price Trends (in INR/Litre), 2015-2020
Figure 15: India: Curd Market: Breakup by Region (in %), 2020
Figure 16: India: Curd Market: Breakup by Retail Vs Institutional (in %), 2020
Figure 17: India: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 18: India: Curd Market Forecast: Value Trends (in Billion INR), 2021-2026
Figure 19: India: Curd Industry: SWOT Analysis
Figure 20: India: Curd Industry: Value Chain Analysis
Figure 21: India: Curd Industry: Porter’s Five Forces Analysis
Figure 22: Karnataka: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 23: Karnataka: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 24: Karnataka: Curd Market: Breakup by Key Players (in %), 2020
Figure 25: Karnataka: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 26: Karnataka: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 27: Maharashtra: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 28: Maharashtra: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 29: Maharashtra: Curd Market: Breakup by Key Players (in %), 2020
Figure 30: Maharashtra: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 31: Maharashtra: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 32: Tamil Nadu: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 33: Tamil Nadu: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 34: Tamil Nadu: Curd Market: Breakup by Key Players (in %), 2020
Figure 35: Tamil Nadu: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 36: Tamil Nadu: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 37: Delhi: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 38: Delhi: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 39: Delhi: Curd Market: Breakup by Key Players (in %), 2020
Figure 40: Delhi: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 41: Delhi: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 42: Gujarat: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 43: Gujarat: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 44: Gujarat: Curd Market: Breakup by Key Players (in %), 2020
Figure 45: Gujarat: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 46: Gujarat: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 47: Andhra Pradesh and Telangana: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 48: Andhra Pradesh and Telangana: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 49: Andhra Pradesh and Telangana: Curd Market: Breakup by Key Players (in %), 2020
Figure 50: Andhra Pradesh and Telangana: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 51: Andhra Pradesh and Telangana: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 52: Uttar Pradesh: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 53: Uttar Pradesh: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 54: Uttar Pradesh: Curd Market: Breakup by Key Players (in %), 2020
Figure 55: Uttar Pradesh: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 56: Uttar Pradesh: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 57: West Bengal: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 58: West Bengal: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 59: West Bengal: Curd Market: Breakup by Key Players (in %), 2020
Figure 60: West Bengal: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 61: West Bengal: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 62: Kerala: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 63: Kerala: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 64: Kerala: Curd Market: Breakup by Key Players (in %), 2020
Figure 65: Kerala: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 66: Kerala: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 67: Haryana: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 68: Haryana: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 69: Haryana: Curd Market: Breakup by Key Players (in %), 2020
Figure 70: Haryana: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 71: Haryana: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 72: Punjab: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 73: Punjab: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 74: Punjab: Curd Market: Breakup by Key Players (in %), 2020
Figure 75: Punjab: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 76: Punjab: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 77: Rajasthan: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 78: Rajasthan: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 79: Rajasthan: Curd Market: Breakup by Key Players (in %), 2020
Figure 80: Rajasthan: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 81: Rajasthan: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 82: Madhya Pradesh: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 83: Madhya Pradesh: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 84: Madhya Pradesh: Curd Market: Breakup by Key Players (in %), 2020
Figure 85: Madhya Pradesh: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 86: Madhya Pradesh: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 87: Bihar: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 88: Bihar: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 89: Bihar: Curd Market: Breakup by Key Players (in %), 2020
Figure 90: Bihar: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 91: Bihar: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 92: Orissa: Curd Market: Volume Trends (in Million Litres), 2015-2020
Figure 93: Orissa: Curd Market: Value Trends (in Million INR), 2015-2020
Figure 94: Orissa: Curd Market: Breakup by Key Players (in %), 2020
Figure 95: Orissa: Curd Market Forecast: Volume Trends (in Million Litres), 2021-2026
Figure 96: Orissa: Curd Market Forecast: Value Trends (in Million INR), 2021-2026
Figure 97: India: Curd (Cup Curd) Market: Sales Value (in Million INR), 2015 & 2020
Figure 98: India: Curd (Cup Curd) Market Forecast: Sales Value (in Million INR), 2021-2026
Figure 99: India: Curd (Pouch Curd) Market: Sales Value (in Million INR), 2015 & 2020
Figure 100: India: Curd (Pouch Curd) Market Forecast: Sales Value (in Million INR), 2021-2026
Figure 101: India: Curd (Other Types) Market: Sales Value (in Million INR), 2015 & 2020
Figure 102: India: Curd (Other Types) Market Forecast: Sales Value (in Million INR), 2021-2026
Figure 103: India: Curd Market: Retail Sales (in Million INR), 2015 & 2020
Figure 104: India: Curd Market Forecast: Retail Sales (in Million INR), 2021-2026
Figure 105: India: Curd Market: Institutional Sales (in Million INR), 2015 & 2020
Figure 106: India: Curd Market Forecast: Institutional Sales (in Million INR), 2021-2026
Figure 107: India: Curd Market: Breakup by Key Players (in %), 2020
Figure 108: Curd Manufacturing: Detailed Process Flow
Figure 109: Curd Manufacturing: Conversion Rate of Products
Figure 110: Curd Manufacturing Plant: Breakup by Capital Costs (in %)
Figure 111: Curd Industry: Profit Margins at Various Levels of the Supply Chain
Figure 112: Curd Production: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: India: Dairy Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Milk Production Breakup by State, 2015-16-2020-21
Table 3: India: Milk Production Breakup by Cattle, 2015-16-2020-21
Table 4: India: Curd Market: Key Industry Highlights, 2020 and 2026
Table 5: India: Curd Market Forecast: Breakup by Region (in Million INR), 2021-2026
Table 6: India: Curd Market Forecast: Breakup by Type (in Million INR), 2021-2026
Table 7: India: Curd Market Forecast: Breakup by Retail Vs Institutional (in Million INR), 2021-2026
Table 8: India: Curd Market: Competitive Structure 
Table 9: India: Curd Market: Key Players 
Table 10: Curd Manufacturing Plant: Costs Related to Land and Site Development (in INR)
Table 11: Curd Manufacturing Plant: Costs Related to Civil Works (in INR)
Table 12: Curd Manufacturing Plant: Costs Related to Machinery (in INR)
Table 13: Curd Manufacturing Plant: Raw Material Requirements (Tons/Day) and Expenditures (INR/Ton)
Table 14: Curd Manufacturing Plant: Costs Related to Salaries and Wages (in INR)
Table 15: Curd Manufacturing Plant: Costs Related to Other Capital Investments (in INR)
Table 16: Details of Financial Assistance Offered by Financial Institutions
Table 17: Curd Manufacturing Plant: Capital Costs (in INR)
Table 18: Curd Manufacturing Plant: Techno-Economic Parameters
Table 19: Curd Manufacturing Plant: Taxation and Depreciation
Table 20: Curd Manufacturing Plant: Income Projections (in INR)
Table 21: Curd Manufacturing Plant: Expenditure Projections (in INR)
Table 22: Curd Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in INR)
Table 23: Curd Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in INR)
Table 24: Curd Manufacturing Plant: Profit and Loss Account (in INR)

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