The market is dominated by domestic suppliers, as imports account for 0.9% of total market size in 2022. Households drive market demand, with household spending representing 71.3% of total demand in 2022. India has the second largest market size for dairy products regionally, with demand reaching USD29.5 billion in 2022. Gujarat Co-operative Milk Marketing Federation Ltd is the largest company in India, generating 16.8% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 44.9% of total production value in 2022. The total number of companies increases in 2022, to 60,345 units. The costs of the industry increase by 5% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 3.8% of production value in 2022, the 19th highest regionally. The industry’s exports share decreases in 2022 to 1.0% of total production output. With production value of USD19.0 billion, India accounts for 12.2% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Dairy Products in India: ISIC 152. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Dairy Products in India: ISIC 152 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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