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- Lassi Market in India
Lassi Market in India to Reach INR 217.5 Billion by 2032, Impelled by Introduction of Innovative Flavored Variants
November 22, 2022
| Food & Beverages
The latest report by IMARC Group, titled “Lassi Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” finds that the lassi market in India size reached INR 47.5 Billion in 2023. Lassi refers to a sweet beverage with a thick creamy consistency made by churning curd or yogurt. It is one of the most popular beverages in India, particularly in the northern parts of the country. It has a sour taste and is consumed by adding salt and spices or sugar and fresh fruit chunks. It offers refreshment during summer, boosts energy levels, and is also considered a complete meal. In addition, it helps to prevent other summer-related problems such as gastrointestinal disorders, prickly heat, and the build-up of bacteria. Owing to these properties, lassi is widely consumed by individuals of all age groups across India.
India Lassi Market Trends:
The market is primarily driven by the introduction of innovative flavored variants. Nowadays, manufacturers are launching strawberry, mango, rose, pistachio, and almond-flavored lassis to expand their consumer base. Besides this, they are developing various packaging solutions, such as single-serve and family packs in both PET bottles and Tetra Pak formats. They are also providing packaging options with longer shelf-life and increased convenience, which in turn is propelling the market growth. Moreover, the market is also propelled by the growing consumer awareness regarding the health benefits provided by lassi, such as preventing stomach problems, aiding digestion, promoting the growth of healthy bacteria, improving bone health, and boosting the immune system. Furthermore, the inflating incomes of the consumers, the expanding food and beverage (F&B) industry in the country, and the growing population are some of the other factors creating a favorable market outlook across the country. Looking forward, IMARC Group expects the market to reach INR 217.5 Billion by 2032, exhibiting a CAGR of 17.9% during 2024-2032.
Market Summary:
- Based on the sector, the market has been bifurcated into retail and institutional sectors.
- On the geographical front, the market has been divided into Maharashtra, Uttar Pradesh, Andhra Pradesh and Telangana, Tamil Nadu, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, West Bengal, Bihar, Delhi, Kerala, Punjab, Orissa, and Haryana.
- The competitive landscape of the market has also been examined, with some of the key players being GCMMF, Mother Dairy, Punjab State Cooperative Milk Producers' Federation Limited, Milan Dairy Foods Private Limited, and Rajasthan Cooperative Dairy Federation Limited.
Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | INR Billion, Million Litres |
| States Covered | Maharashtra, Uttar Pradesh, Andhra Pradesh and Telangana, Tamil Nadu, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, West Bengal, Bihar, Delhi, Kerala, Punjab, Orissa, Haryana |
| Companies Covered | GCMMF, Mother Dairy, Punjab State Cooperative Milk Producers' Federation Limited, Milan Dairy Foods Private Limited and Rajasthan Cooperative Dairy Federation Limited |
| 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) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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