India Yogurt Market

Market Overview:

The India yogurt market size reached INR 2.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 12.7 Billion by 2032, exhibiting a growth rate (CAGR) of 20.57% during 2024-2032.

Yogurt refers to a coagulated dairy product prepared by fermenting milk using bacteria, such as L. acidophilus, L. rhamnosus, L. bulgaricus, streptococcus thermophilus, etc. Some of the commonly available yogurt varieties in the market include low-fat, non-fat, frozen, Greek, non-dairy, etc. Yogurt acts as an excellent source of calcium, potassium, magnesium, vitamins B6 and B12, riboflavin, etc., which promotes bone health. It also cures constipation by increasing bowel movements as well as assists in boosting the immune system, lowering inflammation, curing vaginal yeast infections, strengthening heart conditions, etc.

India Yogurt Market Trends:

The escalating popularity of yogurt as a nutrient-rich snack owing to the growing consumer health consciousness is primarily driving the growth of the India yogurt market. In addition to this, the widespread adoption of probiotic food products owing to the high prevalence of various digestive disorders, such as acidity, heartburn, irritable bowel syndrome (IBS), etc., is further stimulating the market growth. Moreover, the launch of yogurt variants in several exotic flavors, including blueberry, raspberry, mango, strawberry, etc., to cater to diverse consumer tastes and preferences is also bolstering the product demand in India. The wide availability of flavored yogurt across e-commerce platforms supported by numerous benefits, such as discounted offers, doorstep delivery, subscription options, etc., is further catalyzing the regional market. Apart from this, the changing consumer inclination from conventional ice creams towards frozen yogurt owing to lower fat content and higher nutritional value is acting as a significant growth-inducing factor. Furthermore, the emergence of dairy-free and plant-based yogurt prepared from the milk of soy, rice, almond, coconut, etc., for vegan and lactose-intolerant consumers is creating a positive outlook for the regional market. Numerous other factors, including the increasing penetration of western food trends, the introduction of drinkable yogurt, the escalating popularity of organic and clean-label product variants, etc., are expected to fuel the India yogurt market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India yogurt market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on product type, flavor and distribution channel.

Breakup by Product Type:

• Set Yogurt
• Greek Yogurt
• Yogurt Drinks
• Frozen Yogurt
• Others
   

Breakup by Flavor:

• Strawberry Blend
• Vanilla
• Plain
• Strawberry
• Peach
• Others
   

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others
   

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amul (Gujarat Co-operative Milk Marketing Federation Limited), Britannia Industries Limited, Cocoberry Retail Pvt. Ltd., Drums Food International Private Limited, Heritage Novandie Foods Private Limited, Karnataka Milk Federation, Milky Mist Dairy, Mother Dairy Fruit & Vegetable Private Limited, Nestlé India Limited and Parag Milk Foods.

Report Coverage: