The dairy industry in Bihar reached 5.6 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 7.2 Million Tons by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028. The growing health consciousness among the masses, rising consumption of liquid milk in daily diets, and increasing number of e-commerce brands and distribution channels selling flavored yogurts and ice creams represent some of the key factors driving the market.
Dairy products comprise paneer or cottage cheese, cheese, liquid milk, butter, ghee, milk powder, condensed milk, curd or yogurt, cream, and buttermilk. They are often fortified with a wide variety of preservatives, such as natamycin, benzoate, and sorbate, to inhibit contamination caused by different microorganisms and retain the original flavor and texture. They are a rich source of various essential nutrients, such as calcium, potassium, iodine, magnesium, phosphorus, zinc, and vitamins A, D, and B12, which are essential for maintaining proper health conditions. They also contain high-quality proteins that provide all the essential amino acids vital for building and maintaining muscle mass. They are effective in facilitating the growth of bones and maintaining the proper condition of teeth in children and adults. As they also prevent the occurrence of cardiovascular complications and maintain normal blood pressure levels, the demand for dairy is rising in Bihar.
Dairy Industry in Bihar Trends:
At present, the increasing demand for dairy products due to the rising consumption of liquid milk in daily diets represents one of the primary factors influencing the market positively in Bihar. Besides this, the growing health consciousness among the masses to prevent the occurrence of various chronic diseases, such as osteoporosis, arthritis, thyroiditis, diabetes, and cardiovascular issues, is offering a favorable market outlook. In addition, the rising consumption of buttermilk, lassi, and liquid milk to stay hydrated is propelling the growth of the market in the state. Apart from this, the Government of India is undertaking initiatives to strengthen the dairy industry by implanting a Dairy Entrepreneurship Development Scheme and various training programs for dairy farmers to improve the health and reproductive capabilities of cattle. Additionally, there is a rise in the usage of cow milk to manufacture powdered milk, baby foods, and infant formulas. This, coupled with the increasing demand for condensed milk, whipping creams, and fresh cream in preparing a wide variety of Indian sweets, is contributing to the growth of the market in the state. Moreover, the rising number of e-commerce brands and distribution channels selling flavored yogurts and ice creams in various innovative flavors is supporting the market growth in Bihar. Furthermore, the increasing employment of ghee and butter to fry a wide variety of food products is bolstering the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the dairy industry in Bihar. Our report has categorized the market based on product type.
Product Type Insights:
- Liquid Milk
- Ice Cream
- Table Butter
- Skimmed Milk Powder
- Frozen/Flavored Yogurt
- Fresh Cream
- Butter Milk
- Flavored Milk
- UHT Milk
- Dairy Whitener
- Sweet Condensed Milk
- Infant Food
- Malt Based Beverages
The report has provided a detailed breakup and analysis of the dairy industry in Bihar based on the product type. This includes liquid milk, ghee, curd, paneer, ice cream, table butter, skimmed milk powder, frozen/flavored yogurt, fresh cream, lassi, butter milk, cheese, flavored milk, UHT milk, dairy whitener, sweet condensed milk, infant food, and malt based beverages. According to the report, liquid milk represented the largest segment.
The report has also provided a comprehensive analysis of the competitive landscape in the dairy industry in Bihar. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Sudha, Anuj Dairy, Ganga Dairy, Amul, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the dairy industry in Bihar from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the dairy industry in Bihar.
- The study maps the leading, as well as the fastest-growing, regional markets.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the dairy industry in Bihar and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.