Mumbai February 28, 2019 – Research on Global Markets has announced the addition of a new market research report titled “Dairy and Milk Processing Market in India (2018-2023)” to their offering. According to the new report, the dairy and milk processing market in India is predicted to expand a significant 14.8% on a compound annual growth rate (CAGR) basis to reach a value of INR 2,458.7 Bn by 2023. As of 2018, India is the leading producer of milk in the world, and accounts for almost 19% of the global market share. The projected expansion of the market is mainly due to the increasing demand for milk in the country arising from the increasing population.
According to the report, the diary and milk processing market in India primarily comprise organizations that deal with the manufacturing, treating, packaging, and storing of milk products. Apart from milk, the revenue of the Indian dairy and milk processing industry comes from several value-added products such as butter, curd, paneer, ghee, whey, flavored milk, ultra-high temperature (UHT) milk, cheese, and yogurt. Research on Global Markets expects the market size of butter, curd, paneer, and ghee to expand at a CAGR of 14.5%, 14.4%, 14.1%, and 14.1%, respectively.
The report also features the performance of the diary and milk processing market in India across the key states in the country. Uttar Pradesh, Rajasthan, and Gujarat have been the major milk producing states in India. Uttar Pradesh is the largest dairy and milk-producing state because it is home to the highest buffalo population and the second-highest cattle population in the country. Gujarat has a number of cooperative dairy milk unions, private dairy plants, and primary milk cooperative societies, which play crucial roles in the production of milk in the state.
Key highlights of this report:
* Scope and segmentation of the market
* Drivers of the market
* Trends prevailing in the market
* Challenges affecting the market
* Value chain analysis
* Overview of the competitive landscape
The report has included some of the key players operating in the diary and milk processing market in India such as Amrit Corporation Limited, Hatsun Agro Product Limited, Heritage Foods Limited, Kwality Limited, Parag Milk Foods Limited, Vadilal Industries Limited, Nestle India Limited, Creamline Dairy Products Limited, Gujarat Cooperative Milk Marketing Federation, and Mother Dairy Fruit Vegetable Private Limited.
For more information, download Diary and Milk Processing Market in India Report: https://www.researchonglobalmarkets.com/dairy-and-milk-processing-market-in-india-2018-2023.html