According to the latest report by IMARC Group, titled “Dairy Industry in Gujarat: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution," the dairy industry in Gujarat reached a value of INR 983.7 Billion in 2021. A dairy industry involves harvesting and processing animal milk, mostly from cows or buffaloes, but also from goats, sheep, horses, or camels, for human consumption. It produces milk and processes it into a variety of dairy products, such as yoghurts, creams, and soft cheese. Dairy products offer various nutrients, such as calcium, proteins, zinc, magnesium, and vitamin D and B12. Dairy industries producing liquid milk and products with short shelf life tend to be situated close to consumer markets. Over the years, the dairy industry in Gujarat has witnessed significant improvements in technology and modernization.
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 Gujarat Trends:
The growth of the dairy industry in Gujarat is majorly driven by rapid industrialization. In line with this, the increasing demand for ready-to-eat (RTE) products, such as frozen desserts, butter, milk powder, and yoghurt, is positively influencing the industry's growth. Furthermore, the rising consumption of dairy products and changing consumer preferences from meat to dairy products for their daily protein intake are catalyzing the market. Moreover, the growing focus on infant nutrition and the augmenting demand for organic and clean-label dairy products are creating a positive market outlook. Besides this, multiple dairy industries in Gujarat are offering innovations in packaging, such as small portion sizes, on-the-go packs, and single-serve variants, which are gaining widespread prominence among the masses. Additionally, the dairy industry is investing heavily in research and development activities to incorporate innovative technologies with the manufacturing process. On account of the aforementioned factors, the market is anticipated to reach a value of INR 2,384.3 Billion by 2027, exhibiting a CAGR of 15.7% during 2022-2027.
- On the basis of the product type, the market has been segmented into liquid milk, ghee, curd, paneer, ice cream, table butter, skimmed milk powder, frozen/flavoured yoghurt, fresh cream, lassi, butter milk, cheese, flavored milk, UHT milk, dairy whitener, sweet condensed milk, infant food, and malt-based beverages. At present, liquid milk represents the largest product segment in Gujarat, accounting for 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 operating in the market.
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