Dairy Industry in Madhya Pradesh to Reach INR 3,611.1 Billion by 2032, Stimulated by the Significant Advancements in Technology

July 26, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Dairy Industry in Madhya Pradesh: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution”, the dairy industry in Madhya Pradesh size reached INR 1,125.2 Billion in 2023. Dairy products play a pivotal role in the global food industry, providing essential nutrients and culinary versatility to consumers worldwide. From milk and cheese to yogurt and butter, dairy products have long been cherished for their nutritional value, taste, and ability to enhance a wide range of culinary creations. Dairy products are derived from milk, which serves as the foundation for various consumables enjoyed by individuals of all ages. The richness of dairy lies in its diverse array of offerings, each uniquely crafted to cater to different tastes and preferences. These products undergo meticulous processing techniques that transform milk into a range of enticing and nutritious options. The consumption of dairy products is deeply ingrained in many cultures, with traditions and recipes passed down through generations. These products are not only enjoyed in their purest forms but also used as ingredients in countless culinary creations, adding creaminess, texture, and flavor to dishes spanning both sweet and savory categories. In addition to their culinary versatility, dairy products are valued for their nutritional composition. They are a rich source of essential nutrients such as calcium, protein, vitamins, and minerals, which contribute to the overall well-being and growth of individuals. Dairy consumption has been linked to various health benefits, including improved bone health, muscle development, and maintenance of a balanced diet.

Dairy Industry Trends in Madhya Pradesh:

The technological advancements are progressively transforming the dairy industry, with the integration of modern equipment and techniques improving the efficiency of dairy farming in Madhya Pradesh. Simultaneously, initiatives like artificial insemination and veterinary services are enhancing the productivity of local dairy herds, leading to improved milk yield per cow. The government of the state is actively promoting these practices, providing training and resources to farmers, which is stimulating further growth. Moreover, there is a rise in the domestic demand for dairy products. Along with this, Madhya Pradesh's large population and the increasing awareness of the nutritional benefits of dairy consumption is increasing, thereby propelling the market growth. Additionally, cooperatives and private dairies are playing an essential role in driving the industry. They are not only providing stable and remunerative markets for milk producers but also contributing to the processing and distribution of dairy products. Furthermore, the focus on sustainability is increasingly influencing the dairy industry in Madhya Pradesh. With an awareness of environmental impact growing, the adoption of sustainable farming practices is becoming a key factor in the industry's development. Looking forward, IMARC Group expects the Madhya Pradesh dairy market to reach INR 3,611.1 Billion by 2032, exhibiting a growth rate (CAGR) of 13.4% during 2024-2032.

Market Summary:

  • Based on the product type, the dairy industry in Madhya Pradesh has been divided into liquid milk, ghee, curd, paneer, ice-cream, table butter, skimmed milk powder, frozen/flavored yoghurt, fresh cream, lassi, butter milk, cheese, flavored milk, UHT milk, dairy whitener, sweet condensed milk, infant food, and malt-based beverages. Currently, liquid milk holds the majority of the total market share.
  • The competitive landscape of Madhya Pradesh’s dairy market has also been examined in this report. Some of the major players covered in the report include GCMMF (Amul), MPCDF (Sanchi), Anit Industries (Sourabh), Pawanshree Food International Ltd., etc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period  2024-2032
Units INR Billion, Million Tons
Product Types Covered Liquid Milk, Ghee, Curd, Paneer, Ice-Cream, Table Butter, Skimmed Milk Powder, Frozen/Flavoured Yoghurt, Fresh Cream, Lassi, Butter Milk, Cheese, Flavoured Milk, UHT Milk, Dairy Whitener, Sweet Condensed Milk, Infant Food, Malt Based Beverages
Companies Covered GCMMF (Amul), MPCDF (Sanchi), Anit Industries (Sourabh) and Pawanshree Food International Ltd.
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Dairy Industry in Madhya Pradesh to Reach INR 3,611.1 Billion by 2032, Stimulated by the Significant Advancements in Technology
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