Agriculture

Dairy products in India projected to grow at a CAGR of over 7 Report

India dairy products market is witnessing a shift towards healthier products such as probiotic drinks, yogurts
Dairy products in India projected to grow at a CAGR of over 7 Report

The market for dairy products in India is projected to grow at a CAGR of over 7 percent during 2016 – 2021, said a report "India Dairy Products Market By Type, Competition Forecast & Opportunities, 2011 – 2021".

In 2015, North India dominated the country’s dairy products market, on account of increasing per capita expenditure, rising youth population, introduction of value added dairy products, changing consumption patterns, and growing penetration of international players. India dairy products market is witnessing a shift towards healthier products such as probiotic drinks, yogurts, etc.

India is witnessing entry of large number of international players, offering a variety of non-conventional dairy products such as yogurts and probiotic drinks. However, unorganized sector, which comprises small farmers, accounts for a majority share in the country’s dairy products market. Domestic players are also increasing their focus on offering products for health conscious consumers and introducing packaging innovations to strengthen their market position.

 

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