India Ice Cream Industry Future Growth - 2019

India Dairy Food Market Report 2019 (Ice-Cream, Milk Powder, Butter, Cheese, Paneer, and Yoghurt )

Ice – Cream Market The growth of Ice Cream Industry in India has provided impetus to the growing presence for international and regional players which are foraying into the Industry. The modes of distribution used in the Ice Cream Industry are largely retail channels which include Mom and Pop stores, departmental stores and vending channels that incorporates street vendors.

Source: Ken Research

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Over the years, the retail channels have dominated the distribution aspect of Ice Cream market in India. In terms of regional consumption, Delhi is the largest consumer for Ice Cream across India, which is followed by Gujarat as the second largest consumer. This is attributed to the prevalence of a unique culture in Gujarat for Ice Cream consumption.

Source: Ken Research

Milk Powder Market Milk Powder has wide application in both commercial and household consumption alleged with convenience of storage as compared to liquid milk. Hence, milk powder has become one of the steadiest contributors to the overall dairy food industry. Milk Powder market is majorly composed of Skimmed Milk Powder, Whole Milk Powder, Non Fat Dry Milk Powder and Whey Milk Powder. Milk powder market in India has been largely driven by Institutional sales.

Source: Ken Research

Butter Market Butter Market in India is regarded as one amongst the major dairy food products i I dia. I dia is the world’s largest producer as well as consumer of butter. Its per capita consumption of butter has been registered at 3.5 Kg, which is just below the European Union, but more than the US where it has been recorded at 2.2 Kg during 2012.

Source: Ken Research

Cont..

The consumption for butter has been posted at this stupendous level owing to increasing urbanization, expansion of the middle class and rising personal disposable incomes. A growing preference for butter among consumers is also due in part to nutritional studies espousing the benefits of natural ingredients.

Source: Ken Research

Cheese Market Cheese market in India has grown at a steady pace, and is anticipated to hold over to the International market of Cheese business. The organized Cheese market has dominated the overall market. The urban population accounts for major cheese consumption in India, since Cheese has recently marked its presence in Industrial sector. The consumption of Cheese is majorly centered in metropolitan cities namely Delhi, Mumbai, Chennai and Kolkata, which has accounted for 60% of the overall consumption during FY’ 4.

Source: Ken Research

Paneer Market

Paneer has been one of the rapidly growing dairy food products in India due to its popularity among Indian Households for making traditional dishes. The per capita consumption of paneer has been growing over the past five years owing to its direct correlation with population growth. Indian Paneer market revenues have surged at a considerable CAGR of % duri g FY’ 9-FY’ 4 Source: Ken Research

Yoghurt Market Yoghurt market in India has observed a series of innovations over the last couple of years in the form of launch of newer varieties and flavors for yoghurt. The major players operating under this segment such as Danone, Amul, and Mother dairy have launched flavored yoghurt, fruited yoghurt, Probiotic Yoghurt, Srikhand, Yoghurt based smoothies and several other varieties. This unique range of yoghurt has allured customers towards higher consumption, which in turn has augmented the growth for this dairy food segment.

Source: Ken Research

Cont..

The incline in consumer demand has been one of the leading factors behind growth of I dia’s Yoghurt arket. The rising awareness about health consciousness as well as willingness to try new and innovative Yoghurt products has further contributed to such growth. As a result, the conventional spoonful of plain yoghurt is increasingly substituted by drinkable yoghurt, organic yoghurt, bio yoghurt, or fruited / flavored yoghurts.

Source: Ken Research

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