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Dairy Whitener Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A773
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Dairy whiteners are widely used as a substitute to fluid milk, milk powder or cream in beverages such as coffee, tea, cocoa, etc. Apart from whitening, dairy whiteners also add mouth feel, body and flavour to the beverages they are added to and, thereby, enhance the overall taste. They come in fluid, powder or condensed forms and can widely differ in their fat and sugar content. A recently released report by IMARC Group, titled “Dairy Whitener Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, critically examines the Indian dairy whitener market. The report finds that the market size reached INR 60.4 Billion in 2023. The healthy growth of the market can be attributed to numerous forces. Population growth, rising disposable incomes, urbanisation rates, ease of use and storage, hectic lifestyle, changing dietary habits are some of the factors that are broadening the growth aspects of the market. Looking forward, the market is expected to reach INR 141.2 Billion by 2032, exhibiting a growth rate (CAGR) of 9.6% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | INR 60.4 Billion |
| Market Forecast in 2032 | INR 141.2 Billion |
| Market Growth Rate (2024-2032) | 9.6% |
The report has examined the Indian Dairy Whitener Market in 15 major states:
- Maharashtra
- Uttar Pradesh
- Andhra Pradesh
- 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, West Bengal represents the region with highest market share in the country. The competitive landscape of the Indian dairy whitener market has also been covered in this report. Some of the prominent players operating in the market include Nestlé, GCMMF and Britannia.
The study gives an in-depth analysis of the dairy whitener market landscape in India, covering the current, historical and future trends for dairy whitener production along with its prices. The report also offers SWOT, Value Chain and Porter’s Five Forces analysis of the Indian dairy whitener 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 dairy whitener market in any manner.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | INR Billion, Million Kg |
| States Covered | Maharashtra, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, West Bengal, Bihar, Delhi, Kerala, Punjab, Orissa, Haryana |
| Retail Vs Institutionals Covered | Retail, Institutional |
| Companies Covered | Nestlé, GCMMF and Britannia |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3999 Five User License: US$ 4999 Corporate License: US$ 5999 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The dairy whitener market in India was valued at INR 60.4 Billion in 2023.
We expect the dairy whitener market in India to exhibit a CAGR of 9.6% during 2024-2032.
The rising demand for dairy whiteners as a substitute for fluid milk that provides richness of taste and creamy texture to beverages, such as tea and coffee, is primarily driving the dairy whitener market 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 dairy whiteners across the nation.
Based on the retail vs institutional, the dairy whitener market in India can be bifurcated into retail and institutional. Currently, institutional exhibits a clear dominance in the market.
On a regional level, the market has been classified into Maharashtra, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, West Bengal, Bihar, Delhi, Kerala, Punjab, Orissa, and Haryana, where West Bengal currently dominates the dairy whitener market in India.
Some of the major players in the dairy whitener market in India include Nestlé, GCMMF, and Britannia.
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