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Get detailed insights regarding the impact of COVID-19 on the market.
The dairy industry in India was valued at INR 13,174 Billion in 2021.
We expect the dairy industry in India to exhibit a CAGR of 14.98% during 2022-2027.
The evolution of the dairy industry from an unorganized to a relatively organized sector, along with the
increasing consumption of different value-added products, such as cheese, probiotic drinks, yogurt, etc.,
is currently driving the dairy industry 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
Based on the product type, the dairy industry in India can be segregated into liquid milk, UHT milk,
flavoured milk, curd, flavoured & frozen yoghurts, probiotic dairy products, lassi, buttermilk, table
butter, ghee, paneer, cheese, khoya, cream, skimmed milk powder, dairy whiteners, sweet condensed
milk, ice cream, whey, A2 milk, organic milk, milk shake, and dairy sweets. Among these, liquid milk
currently holds the majority of the total market share.
On a regional level, the market has been classified into Karnataka, Maharashtra, Tamil Nadu, Delhi,
Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab,
Rajasthan, Madhya Pradesh, Bihar, and Orissa, where Uttar Pradesh currently dominates the market.
Some of the major players in the dairy industry in India include Nestlé India Limited, Hatsun Agro
Product Limited, Tirumala Milk Products Pvt Ltd., Milk Food Limited, Heritage Foods India Limited, VRS
Foods Limited, Bhole Baba Dairy Industries Ltd., Kwality Ltd., Sterling Agro Industries Limited, Parag Milk
Foods Limited, SMC Foods Limited, Gujarat Co-operative Milk Marketing Federation Ltd, Mother Dairy
Fruits & Vegetables Pvt Limited, Karnataka Co-operative Milk Producers Federation Limited, Rajasthan
Cooperative Dairy Federation Ltd (RCDF), Tamilnadu Cooperative Milk Producers Federation Ltd
(TCMPF), Punjab State Cooperative Milk Producers Federation Ltd (MILKFED), Orissa State Cooperative
Milk Producers Federation Ltd (OMFED), Maharashtra Rajya Sahakari Dudh Mahasangh Maraydit
(Mahasangh), Bihar State Co-operative Milk Producers Federation Ltd. (COMFED), Haryana Dairy
Development Cooperative Federation Ltd. (HDDCF), Madhya Pradesh State Cooperative Dairy
Federation Ltd. (MPCDF), and Pradeshik Cooperative Dairy Federation Ltd (PCDF).
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