DUBLIN--(BUSINESS WIRE)--The "A Study of India's Dairy Sector 2017" report has been added to Research and Markets' offering.
India is the world's largest producer and consumer of dairy. The dairy industry in India was worth INR 5,000 billion in 2016. India is also globally the largest milk producing country since 1997. In India, the co-operatives and private dairies have access to only 20% of the milk produced. Approximately, 34% of the milk is sold in the unorganized market while 46% is consumed locally. This is in comparison to most of the developed nations where almost 90% of the surplus milk is passes through the organized sector.
The Indian ice cream industry is one of the fastest growing segments of the dairy or food processing industry. Currently the ice cream market in India is estimated to be over INR 4,000 crores, and is growing at a rate of 15-20% year-on-year. It is projected that by 2019, the market will reach a value of approximately INR 6,198 crores.
In India, ice cream industry is mostly regional and there is a multitude of brands focusing on only one or two districts or in some case only one state. There are very few national brands and the major reason behind slow growth of the smaller players is the high perishability of ice cream products. Currently growing at 12-15% annually, the future prospect of India's ice-cream market is promising for manufacturers, suppliers and retailers. While a number of regional players have already started expanding, the entry of new players has further intensified the struggle to get a bigger market share. The small and medium ice cream manufacturers in India are now being able to enhance their product range, volumes and profitability by utilizing the more affordable Chinese equipments.
It is expected that the Asia Pacific cheese market will double its present size of USD 8.3 billion to reach approximately USD 15.5 billion by the year 2021. India and China are the two countries in this region with a fast growing cheese market.
Analysts believe that the cheese sector in India is set for rapid growth. Utilizing the benefits of an integrated sales and distribution system and employing diversified sourcing is the way forward in the sector. The value added dairy industry segment is expected to attract investments and entry of new players in the coming years. Players are emphasizing on offering the consumer better quality differentiated products. Consumer are looking for more and more healthy dairy options and introducing such cheese options will see traction in the market. It has been projected that the Indian cheese market will grow at a CAGR of approximately 31% during 2015-2020, in terms of sales values.
All key players including Amul, Nestle, Mother Dairy, Parag, Danone and Britannia have been profiled. The report contains latest industry leader's opinions.
Key Topics Covered:
1. Indian Dairy Sector
1.2 Market Performance & Statistics
1.3 Market Drivers
1.4 Market Challenges
1.6 Industry Speak
2. India Ice Cream Sector
2.2 Market Performance & Statistics
2.3 Market Drivers
2.4 Market Challenges
2.6 Industry Speak
3. India Cheese Sector
3.2 Market Performance & Statistics
3.3 Market Drivers
3.4 Market Challenges
3.6 Industry Speak
4. Competitive Landscape
4.1 Gujarat Co-operative Milk Marketing Federation Ltd: Amul
4.3 Mother Dairy
4.4 Parag Milk Foods
5. List of Charts and Graphs
6. Research Methodology
For more information about this report visit https://www.researchandmarkets.com/research/gjbwtt/a_study_of?w=4