*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Dairy Industry in Bihar: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
IMARC Group’s latest report, titled “Dairy Industry in Bihar: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers an in-depth analysis of the Bihar dairy market. In 2020, the milk production in Bihar reached a volume of XX Billion Litres. The state currently represents the tenth largest dairy market in India. The milk production in Bihar mainly consists of cow milk and buffalo milk. The report’s analysis concludes that cow milk dominates the total milk production, accounting for majority of the market share. According to the report, the Bihar dairy market reached a volume of 5.06 Million Tons in 2020.
Based on the product type, this report has categorized the Bihar dairy market into 18 major product segments:
Skimmed milk powder
Sweet condensed milk
Malt based beverages
For each of the product segments, the report provides a thorough analysis of the current and historical value and volume trends, market share of key players and market forecast. Currently, liquid milk represents the biggest product segment in Bihar, accounting for majority of the total market share. Some of the fastest growing segments include frozen/flavoured yoghurt, cheese, UHT milk, flavoured milk and butter milk. The competitive landscape of Bihar’s dairy market has also been examined in this report. Some of the major players covered in the report include Sudha, Anuj Dairy, Ganga Dairy and Amul. Looking forward, IMARC Group expects the Bihar dairy market to exhibit moderate growth during the next five years.
The study provides a detailed evaluation of the dairy market landscape in Bihar, covering the current, historical and future trends for milk production, milk production by cattle, milk procurement prices, etc. The report also offers SWOT, Value Chain and Porter’s Five Forces analysis of Bihar dairy market along with market segmentation by product type 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 Bihar dairy market in any manner.