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IMARC Group’s latest report, titled “Dairy Industry in Kerala: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution”, offers an in-depth analysis of the Kerala dairy market. The milk production in Kerala mainly consists of cow milk and buffalo milk. According to the report, the Kerala dairy market size reached INR 410.7 Billion in 2021.
Based on the product type, this report has categorized the Kerala dairy market into 18 major product segments:
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 Kerala, 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 Kerala’s dairy market has also been examined in this report. Some of the major players covered in the report include Milma (Kerala Cooperative Milk Market Federation Limited), Malanadu, PDDP (Peoples Dairy Development Project Central Society) and Jeeva. Looking forward, IMARC Group expects the Kerala dairy market to reach INR 992.1 Billion by 2027, exhibiting a growth rate (CAGR) of 15.8% during 2022-2027.
The study provides a detailed evaluation of the dairy market landscape in Kerala, 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 Kerala 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 Kerala dairy market in any manner.
The dairy industry in Kerala was valued at INR 410.7 Billion in 2021.
We expect the dairy industry in Kerala to exhibit a CAGR of 15.8% during 2022-2027.
Continuous development of milk procurement network, along with the widespread availability of dairy product variants, such as frozen/flavoured yoghurt, cheese, UHT milk, etc., is primarily driving the dairy industry in Kerala.
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 dairy products in Kerala.
Based on the product type, the dairy industry in Kerala can be divided into liquid milk, ghee, curd, paneer, ice-cream, table butter, skimmed milk powder, frozen/flavoured yoghurt, fresh cream, lassi, butter milk, cheese, flavoured milk, UHT milk, dairy whitener, sweet condensed milk, infant food, and malt based beverages. Currently, liquid milk holds the majority of the total market share.
Some of the major players in the dairy industry in Kerala include Milma (Kerala Cooperative Milk Market Federation Limited), Malanadu, PDDP (Peoples Dairy Development Project Central Society), and Jeeva.
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