According to the latest report by IMARC Group, titled "Dairy Industry in Delhi:Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the dairy industry in Delhi reached a value of INR545.8 Billion in 2021. The dairy industry generally involves raising, breedingand utilizing dairy animals for the production and processing of milk. The milk obtained from goats, sheep, buffalos and cows is widely utilized for preparing multiple dairy products. These products are a rich source of essential nutrients, such as magnesium, zinc, calcium, vitamins, riboflavin, choline, selenium and potassium, that aid in maintaining bone and dental health. Additionally, their consumption also helps in improving the natural balance of the gut microbiota, which results in a strong immune system and improved metabolism.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Dairy Industry in Delhi Market Trends:
The dairy market in Delhi is primarily driven by increasing investments and funding by private and publicfirmsfor upgrading the existing dairy infrastructure.Numerous initiatives undertaken by the state government in order to support the dairy industry by providing financial assistance to farmers are creating a positive outlook for the market. Additionally, the rising health-consciousness among the masses, along with the increasing preference for leading a healthy lifestyle, has provided a boost to the sales of dairy products across the state. This has also impelledmultiple key players to heavily invest in launching dairy products prepared using natural ingredients. Furthermore, continuous technological advancements and the increasing automation in the production processes are providing an impetus to the market growth. Besides this, continuous improvements in the e-commerce sector and the advent of online grocery stores arefavorably impacting the market growth. Other factors, including shifting dietary preferences, the escalating demand for skimmed dairy products and the introduction of product variants with sustainable packaging, are further contributing to the market growth across Delhi. On account of the aforementioned factors, the market is anticipated to reach a value of INR1,513.6 Billionby 2027, growing at a CAGR of 18.28 % during 2022-2027.
- Based on the product type, the market has been segmented into liquid milk, ghee, curd, paneer, ice-cream, table butter, skimmed milk powder, frozen/flavored yoghurt, fresh cream, lassi, buttermilk, cheese, flavored milk, UHT milk, dairy whitener, sweet condensed milk, infant food and malt-based beverages. Among these, liquid milk represents the majority of the total market share.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.
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