Ghee Market in India: Share, Size and Forecast 2023-2028

Ghee Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A776

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Market Overview 2023-2028:

The ghee market in India size reached INR 2,907 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 5,137 Billion by 2028, exhibiting a growth rate (CAGR) of 9.84% during 2023-2028.

Ghee is a pure butter fat leftover after the milk solids and water are removed from butter. It is a rich source of proteins, vitamins, carbohydrates, calcium, iron and omega-3 fatty acids. It assists in improving the brain and heart health, and treating inflammation and numerous diseases. Besides this, as it strengthens the immune system, facilitates bowel movement, and prevents chronic cough issues and disorders of the eyes, the consumption of ghee is escalating across India.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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India Ghee Market Trends and Drivers:

The rising consumer awareness about the health benefits offered by ghee represents one of the key factors propelling the growth of the market in India. Moreover, it finds applications in the formulation of personal care products as ghee helps neutralize free radicals, nourish the skin, and prevent the early signs of aging. It also aids in treating cracked lips, lightening dark spots, reducing dark circles, and healing minor wounds. Besides this, ghee is considered nutritionally more beneficial than other oils/fats on account of its medium-chain fatty acids content, which is directly absorbed by the liver and burned to supply energy. In addition, it has a stable shelf life due to its antioxidants and low moisture content. This, coupled with the increasing health consciousness and changing dietary patterns of individuals, is catalyzing the demand for ghee in the country. Apart from this, key players operating in India are introducing premium product variants to expand their existing consumer base. This, along with the rising adoption of eco-friendly product packaging solutions and easy product availability via online and offline organized retail channels, are projected to facilitate market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India ghee market report, along with forecasts at the country and state level from 2023-2028. Our report has categorized the market based on type and, retail and institutional sales.

Breakup by Type:

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Cow Ghee
Desi Ghee

Desi ghee currently dominates the market in India as it does not have synthetic fats.

Breakup by Retail and Institutional Sales:

Retail
Institutional

Breakup by Region:

Karnataka
Maharashtra
Tamil Nadu
Delhi
Gujarat
Andhra Pradesh and Telangana
Uttar Pradesh
West Bengal
Kerala
Haryana
Punjab
Rajasthan
Madhya Pradesh
Bihar
Orissa

Uttar Pradesh holds the largest market share in the country as the state government is launching greenfield dairies and constructing cow protection centers to enhance milk production.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Gujarat Co-operative Milk Marketing Federation Ltd, Mother Dairy Fruits and Vegetables Pvt. Ltd., SMC Foods Limited, Bhole Baba Dairy Industries Ltd., Rajasthan Cooperative Dairy Federation Ltd (RCDF) and Parag Milk Foods Ltd.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	INR Billion, Million Kg
Segment Coverage	Type, Retail and Institutional Sales, State
States Covered	Karnataka, Maharashtra, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar, Orissa
Companies Covered	Gujarat Co-operative Milk Marketing Federation Ltd, Mother Dairy Fruits and Vegetables Pvt. Ltd., SMC Foods Limited, Bhole Baba Dairy Industries Ltd., Rajasthan Cooperative Dairy Federation Ltd (RCDF) and Parag Milk Foods Ltd.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499
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)

Key Questions Answered in This Report

The ghee market in India was valued at INR 2,907 Billion in 2022.

We expect the ghee market in India to exhibit a CAGR of 9.84% during 2023-2028.

The growing consumer awareness towards numerous health benefits of ghee in improving digestion, enhancing muscular strength, curing eye disorders, etc., is currently driving the ghee 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 ghee.

Based on the type, the ghee market in India can be segmented into cow ghee and desi ghee. Currently, desi ghee 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 Indian market.

Some of the major players in the ghee market in India include Gujarat Co-operative Milk Marketing Federation Ltd, Mother Dairy Fruits and Vegetables Pvt. Ltd., SMC Foods Limited, Bhole Baba Dairy Industries Ltd., Rajasthan Cooperative Dairy Federation Ltd (RCDF), and Parag Milk Foods Ltd.

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