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India Flavoured Milk Market: By Flavour: Chocolate, Fruit Based, Vanilla, Others; By Distribution Channel: Retail, Institutional; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
India Flavoured Milk Market Outlook
The India flavoured milk market is expected to grow at a CAGR of 24% in the forecast period of 2023-2028.
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The Rising Retail in India, owing to the Increasing Disposable Income and Rising Standards of Living to Bolster the Growth of the Flavoured Milk Industry
Based on distribution channel, the retail segment has witnessed a significant growth in the past few years in India. This can be attributed to the steady increase in disposable income, decent growth of the country’s economy, robust growth of supermarkets/hypermarkets, and rising standards of living. Over the forecast period, the retail segment is anticipated to account for a considerable share in the market owing to the rising purchasing power of the population. The easy availability and quick access to the product will further bolster the market growth. Meanwhile, the institutional segment is likely to witness a steady growth in the forecast period as flavoured milk is gaining immense popularity among children as well as adults. The sales of the product is expected to increase in various institutions, including college, school, and hospital canteens owing to its high nutritional value and great taste, which, in turn, is expected to aid the overall market growth.
The milk market in Gujarat and Maharashtra has been flourishing due to the regions’ high milk production capacity. This is expected to accelerate the flavoured milk industry growth in both regions. Meanwhile, the rising standards of living, growing health consciousness, increasing demand for dairy products, and the growing trend of e-commerce are some of the factors which are likely to propel the market growth in regions like Delhi-NCR, and Tamil Nadu.
Flavoured Milk: Market Segmentation
Flavoured milk is the milk in which flavours are added to enhance the taste of the product. It is a sweetened dairy drink made with milk, sugar, flavourings, and food colourings. It is usually sold as pasteurised and refrigerated product.
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By flavour, the market can be divided into:
- Chocolate
- Fruit Based
- Vanilla
- Others
On the basis of distribution channel, the market can be segmented into:
- Retail
- Institutional
The regional markets for the product include Maharashtra, Delhi-NCR, Karnataka, Gujarat, and Tamil Nadu, among others.
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Increasing Consumer Demand for Great Taste and Nutritional Food Products to Boost the Growth of the India Flavoured Milk Industry
The increasing health consciousness among consumers and the growing preference for nutritional products are the major factors driving the growth of the flavoured milk industry in India. A significant portion of the Indian population is focusing on balancing their diet by taking care of their nutritional intake. Therefore, this factor is leading to an increased demand for flavoured milk, which has great taste and further contains calcium, vitamin A, and phosphorus. In addition, the increasing demand for convenient and on-the-go food products is further supporting the industry across the country. Over the forecast period, the increasing penetration of the key players and the launch of innovative flavours, with benefits like low sugar content, are expected to significantly contribute to the market growth.
Key Industry Players in the India Flavoured Milk Market
The report gives a detailed analysis of the following key players in the India flavoured milk market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Mother Dairy Fruit & Vegetable Pvt. Ltd.
- Heritage Foods Limited
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Parag Milk Foods Ltd
- Nestlé S.A.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Flavour, Distribution Channel, Region |
| Breakup by Flavour | Chocolate, Fruit Based, Vanilla, Others |
| Breakup by Distribution Channel | Retail, Institutional |
| Breakup by Region | Maharashtra, Delhi-NCR, Karnataka, Gujarat, Tamil Nadu, Others |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Mother Dairy Fruit & Vegetable Pvt. Ltd., Heritage Foods Limited, Gujarat Cooperative Milk Marketing Federation Ltd., Parag Milk Foods Ltd, Nestlé S.A. |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 India
7 Industry Opportunities and Challenges
8 India Milk Market Overview
8.1 Key Industry Highlights
8.2 India Milk Historical Market (2018-2022)
8.3 India Milk Market Forecast (2023-2028)
8.4 Major Milk Producing States in India
9 India Flavoured Milk Market Analysis
9.1 Key Industry Highlights
9.2 India Flavoured Milk Historical Market (2018-2022)
9.3 India Flavoured Milk Market Forecast (2023-2028)
9.4 India Flavoured Milk Market by Flavour
9.4.1 Chocolate
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Fruit Based
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Vanilla
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Others
9.5 India Flavoured Milk Market by Distribution Channel
9.5.1 Retail
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Institutional
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.6 India Flavoured Milk Market by Region
9.6.1 Market Share
9.6.1.1 Maharashtra
9.6.1.2 Delhi-NCR
9.6.1.3 Karnataka
9.6.1.4 Gujarat
9.6.1.5 Tamil Nadu
9.6.1.6 Others
10 Regional Analysis
10.1 Maharashtra
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Delhi-NCR
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Karnataka
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Gujarat
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Tamil Nadu
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Mother Dairy Fruit & Vegetable Pvt. Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Heritage Foods Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Gujarat Cooperative Milk Marketing Federation Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Parag Milk Foods Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Nestlé S.A.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. India Milk Market: Key Industry Highlights, 2018 and 2028
2. India Flavoured Milk Market: Key Industry Highlights, 2018 and 2028
3. India Flavoured Milk Market: Breakup by Flavours (INR Billion), 2018-2022
4. India Flavoured Milk Market: Breakup by Flavours (INR Billion), 2023-2028
5. India Flavoured Milk Market: Breakup by Distribution Channel (INR Billion), 2018-2022
6. India Flavoured Milk Market: Breakup by Distribution Channel (INR Billion), 2023-2028
7. India Flavoured Milk Historical Market: Breakup by State (INR Billion), 2018-2022
8. India Flavoured Milk Market Forecast: Breakup by State (INR Billion), 2023-2028
9. India Flavoured Milk Market Structure
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