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PUBLISHER: IMARC | PRODUCT CODE: 1468696

PUBLISHER: IMARC | PRODUCT CODE: 1468696

Liquid Milk Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032

PUBLISHED: April 8, 2024

PAGES: 138 Pages

DELIVERY TIME: 2-3 business days

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The liquid milk market in India size reached INR 8,770.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 28,007.9 Billion by 2032, exhibiting a growth rate (CAGR) of 13.4% during 2024-2032. The growing health consciousness, the increasing popularity of plant-based milk products, and the rising demand for organic food and beverages among the masses represent some of the key factors driving the market.

Liquid milk is a nutritious and refreshing beverage that has been consumed for centuries. It is a white liquid produced by the mammary glands of various mammals, such as cows, goats, sheep, and buffalo. It is usually produced in large quantities by dairy farms and pasteurized for safety before it is packaged and sold. It is known to be an excellent source of vitamins, minerals, and proteins, and contains several essential nutrients that are important for growth and development. Additionally, it is also a rich source of calcium and is one of the most popular beverages consumed across India. Several types of milk exist, such as regular or whole milk, non-fat or skimmed milk, and lactose-free milk. Whole milk contains more fat than other varieties. Skimmed milk has almost no fat and has been fortified with vitamins A and D. Lactose-free milk is suitable for individuals who are lactose intolerant and is available in both whole and skimmed varieties. Moreover, it is available in a variety of flavors that have been sweetened or flavored to provide a different taste. It is typically used as a beverage, but is also often used to make products, including cheese, yogurt, and cream.

Liquid Milk Market in India Trends:

The growing emphasis on health and wellness majorly drives the market in India. As the health consciousness is rising among the masses, the demand for liquid milk is also escalating due to its scientifically proven health benefits. Coupled with this, consumers are seeking healthier options in beverages, such as low-fat or skim milk, which is boosting the demand for liquid milk in the country. In line with this, plant-based milk alternatives, including almond, soy, and coconut milk, are gaining immense traction among the masses, which is encouraging manufacturers to diversify their product lines. Apart from this, consumers are spending more for premium liquid milk options, such as organic, grass-fed, or farm-to-table varieties, due to the easy availability of these products and inflating disposable income levels, which are acting as another growth-inducing factor. Apart from this, with the rising awareness regarding the environmental impact of dairy production, there has been a shift toward liquid milk that has a lower carbon footprint, including organic and non-GMO varieties, thus further impacting the market. Furthermore, the development of flavored milk and other innovative variations of liquid milk is creating a positive market outlook. Some of the other factors driving the market include the rapid expansion of retail channels, such as online stores and supermarkets, and continual advancements in specialized packaging solutions.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the liquid milk market in India, along with forecasts at the country and state level from 2024-2032.

States Insights:

Maharashtra

Uttar Pradesh

Andhra Pradesh and Telangana

Tamil Nadu

Gujarat

Rajasthan

Karnataka

Madhya Pradesh

West Bengal

Bihar

Delhi

Kerala

Punjab

Orissa

Haryana

The report has also provided a comprehensive analysis of all the major regional markets, which include Maharashtra, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, West Bengal, Bihar, Delhi, Kerala, Punjab, Orissa, and Haryana. According to the report, Maharashtra was the largest market for liquid milk. Some of the factors driving the Maharashtra market included the growing population rate, rising health awareness, and inflating disposable income levels of the masses.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the liquid milk market in India. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Key Questions Answered in This Report

1. What was the size of the liquid milk market in India in 2023?
2. What is the expected growth rate of the liquid milk market in India during 2024-2032?
3. What are the key factors driving the liquid milk market in India?
4. What has been the impact of COVID-19 on the liquid milk market in India?
5. What are the key regions in the liquid milk market in India?

Product Code: SR112024A780

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Indian Dairy Industry

5.1 Market Overview
5.2 Market Performance
5.3 Market by Organised and Unorganised Segment
5.4 Milk Production and Consumption Trends
- 5.4.1 Current and Historical Trends
- 5.4.2 Production and Consumption Forecast
5.5 Milk Production by State
5.6 Milk Production by Cattle
5.7 Milk Utilization Patterns in India
5.8 Market Forecast

6 Indian Liquid Milk Industry

6.1 Market Overview
6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Trends
- 6.4.1 Milk Procurement Price Trends
- 6.4.2 Liquid Milk Price Trends
6.5 Market Breakup by Region
6.6 Market Forecast
6.7 SWOT Analysis
- 6.7.1 Overview
- 6.7.2 Strengths
- 6.7.3 Weaknesses
- 6.7.4 Opportunities
- 6.7.5 Threats
6.8 Value Chain Analysis
6.9 Porter's Five Forces Analysis
- 6.9.1 Overview
- 6.9.2 Bargaining Power of Buyers
- 6.9.3 Bargaining Power of Suppliers
- 6.9.4 Degree of Competition
- 6.9.5 Threat of New Entrants
- 6.9.6 Threat of Substitutes
6.10 Key Success Factors and Risk Factors

7 Performance of Key Regions

7.1 Karnataka
- 7.1.1 Market Performance
  - 7.1.1.1 Volume Trends
  - 7.1.1.2 Value Trends
- 7.1.2 Competitive Landscape
- 7.1.3 Market Forecast
  - 7.1.3.1 Volume Trends
  - 7.1.3.2 Value Trends
7.2 Maharashtra
- 7.2.1 Market Performance
  - 7.2.1.1 Volume Trends
  - 7.2.1.2 Value Trends
- 7.2.2 Competitive Landscape
- 7.2.3 Market Forecast
  - 7.2.3.1 Volume Trends
  - 7.2.3.2 Value Trends
7.3 Tamil Nadu
- 7.3.1 Market Performance
  - 7.3.1.1 Volume Trends
  - 7.3.1.2 Value Trends
- 7.3.2 Competitive Landscape
- 7.3.3 Market Forecast
  - 7.3.3.1 Volume Trends
  - 7.3.3.2 Value Trends
7.4 Delhi
- 7.4.1 Market Performance
  - 7.4.1.1 Volume Trends
  - 7.4.1.2 Value Trends
- 7.4.2 Competitive Landscape
- 7.4.3 Market Forecast
  - 7.4.3.1 Volume Trends
  - 7.4.3.2 Value Trends
7.5 Gujarat
- 7.5.1 Market Performance
  - 7.5.1.1 Volume Trends
  - 7.5.1.2 Value Trends
- 7.5.2 Competitive Landscape
- 7.5.3 Market Forecast
  - 7.5.3.1 Volume Trends
  - 7.5.3.2 Value Trends
7.6 Andhra Pradesh and Telangana
- 7.6.1 Market Performance
  - 7.6.1.1 Volume Trends
  - 7.6.1.2 Value Trends
- 7.6.2 Competitive Landscape
- 7.6.3 Market Forecast
  - 7.6.3.1 Volume Trends
  - 7.6.3.2 Value Trends
7.7 Uttar Pradesh
- 7.7.1 Market Performance
  - 7.7.1.1 Volume Trends
  - 7.7.1.2 Value Trends
- 7.7.2 Competitive Landscape
- 7.7.3 Market Forecast
  - 7.7.3.1 Volume Trends
  - 7.7.3.2 Value Trends
7.8 West Bengal
- 7.8.1 Market Performance
  - 7.8.1.1 Volume Trends
  - 7.8.1.2 Value Trends
- 7.8.2 Competitive Landscape
- 7.8.3 Market Forecast
  - 7.8.3.1 Volume Trends
  - 7.8.3.2 Value Trends
7.9 Kerala
- 7.9.1 Market Performance
  - 7.9.1.1 Volume Trends
  - 7.9.1.2 Value Trends
- 7.9.2 Competitive Landscape
- 7.9.3 Market Forecast
  - 7.9.3.1 Volume Trends
  - 7.9.3.2 Value Trends
7.10 Haryana
- 7.10.1 Market Performance
  - 7.10.1.1 Volume Trends
  - 7.10.1.2 Value Trends
- 7.10.2 Competitive Landscape
- 7.10.3 Market Forecast
  - 7.10.3.1 Volume Trends
  - 7.10.3.2 Value Trends
7.11 Punjab
- 7.11.1 Market Performance
  - 7.11.1.1 Volume Trends
  - 7.11.1.2 Value Trends
- 7.11.2 Competitive Landscape
- 7.11.3 Market Forecast
  - 7.11.3.1 Volume Trends
  - 7.11.3.2 Value Trends
7.12 Rajasthan
- 7.12.1 Market Performance
  - 7.12.1.1 Volume Trends
  - 7.12.1.2 Value Trends
- 7.12.2 Competitive Landscape
- 7.12.3 Market Forecast
  - 7.12.3.1 Volume Trends
  - 7.12.3.2 Value Trends
7.13 Madhya Pradesh
- 7.13.1 Market Performance
  - 7.13.1.1 Volume Trends
  - 7.13.1.2 Value Trends
- 7.13.2 Competitive Landscape
- 7.13.3 Market Forecast
  - 7.13.3.1 Volume Trends
  - 7.13.3.2 Value Trends
7.14 Bihar
- 7.14.1 Market Performance
  - 7.14.1.1 Volume Trends
  - 7.14.1.2 Value Trends
- 7.14.2 Competitive Landscape
- 7.14.3 Market Forecast
  - 7.14.3.1 Volume Trends
  - 7.14.3.2 Value Trends
7.15 Orissa
- 7.15.1 Market Performance
  - 7.15.1.1 Volume Trends
  - 7.15.1.2 Value Trends
- 7.15.2 Competitive Landscape
- 7.15.3 Market Forecast
  - 7.15.3.1 Volume Trends
  - 7.15.3.2 Value Trends

8 Competitive Landscape

8.1 Competitive Structure
8.2 Market Share of Key Players

9 Liquid Milk Manufacturing Process

9.1 Product Overview
9.2 Detailed Process Flow
9.3 Various Types of Unit Operations Involved
9.4 Mass Balance and Raw Material Requirements

10 Project Details, Requirements and Costs Involved

10.1 Land Requirements and Expenditures
10.2 Construction Requirements and Expenditures
10.3 Plant Machinery
10.4 Machinery Pictures
10.5 Raw Material Requirements and Expenditures
10.6 Raw Material and Final Product Pictures
10.7 Packaging Requirements and Expenditures
10.8 Transportation Requirements and Expenditures
10.9 Utility Requirements and Expenditures
10.10 Manpower Requirements and Expenditures
10.11 Other Capital Investments

11 Loans and Financial Assistance

12 Project Economics

12.1 Capital Cost of the Project
12.2 Techno-Economic Parameters
12.3 Product Pricing and Margins Across Various Levels of the Supply Chain
12.4 Taxation and Depreciation
12.5 Income Projections
12.6 Expenditure Projections
12.7 Financial Analysis
12.8 Profit Analysis

13 Key Player Profiles

Product Code: SR112024A780

List of Figures

Figure 1: India: Dairy Industry Overview
Figure 2: India: Dairy Market (in Billion INR), 2018-2023
Figure 3: India: Dairy Market: Breakup by Segment (in %), 2023
Figure 4: India: Dairy Market: Total Milk Production (in Million Metric Tons), 2018-2023
Figure 5: India: Dairy Market: Total Milk Consumption (in Million Metric Tons), 2018-2023
Figure 6: India: Dairy Market: Total Milk Production Forecast (in Million Metric Tons), 2024-2032
Figure 7: India: Dairy Market: Total Milk Consumption Forecast (in Million Metric Tons), 2024-2032
Figure 8: India: Milk Utilisation Patterns
Figure 9: India: Dairy Market Forecast (in Billion INR), 2024-2032
Figure 10: India: Liquid Milk Industry Overview
Figure 11: India: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 12: India: Liquid Milk Market: Value Trends (in Billion INR), 2018-2023
Figure 13: India: Milk Market: Procurement Price Trends (in INR/Litre), 2018-2023
Figure 14: India: Liquid Milk Market: Retail Price Trends (in INR/Litre), 2018-2023
Figure 15: India: Liquid Milk Market: Breakup by Region (in %), 2023
Figure 16: India: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 17: India: Liquid Milk Market Forecast: Value Trends (in Billion INR), 2024-2032
Figure 18: India: Liquid Milk Industry: SWOT Analysis
Figure 19: India: Liquid Milk Industry: Value Chain Analysis
Figure 20: India: Liquid Milk Industry: Porter's Five Forces Analysis
Figure 21: Karnataka: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 22: Karnataka: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 23: Karnataka: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 24: Karnataka: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 25: Karnataka: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 26: Maharashtra: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 27: Maharashtra: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 28: Maharashtra: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 29: Maharashtra: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 30: Maharashtra: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 31: Tamil Nadu: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 32: Tamil Nadu: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 33: Tamil Nadu: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 34: Tamil Nadu: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 35: Tamil Nadu: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 36: Delhi: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 37: Delhi: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 38: Delhi: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 39: Delhi: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 40: Delhi: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 41: Gujarat: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 42: Gujarat: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 43: Gujarat: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 44: Gujarat: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 45: Gujarat: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 46: Andhra Pradesh and Telangana: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 47: Andhra Pradesh and Telangana: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 48: Andhra Pradesh and Telangana: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 49: Andhra Pradesh and Telangana: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 50: Andhra Pradesh and Telangana: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 51: Uttar Pradesh: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 52: Uttar Pradesh: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 53: Uttar Pradesh: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 54: Uttar Pradesh: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 55: Uttar Pradesh: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 56: West Bengal: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 57: West Bengal: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 58: West Bengal: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 59: West Bengal: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 60: West Bengal: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 61: Kerala: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 62: Kerala: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 63: Kerala: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 64: Kerala: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 65: Kerala: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 66: Haryana: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 67: Haryana: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 68: Haryana: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 69: Haryana: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 70: Haryana: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 71: Punjab: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 72: Punjab: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 73: Punjab: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 74: Punjab: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 75: Punjab: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 76: Rajasthan: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 77: Rajasthan: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 78: Rajasthan: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 79: Rajasthan: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 80: Rajasthan: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 81: Madhya Pradesh: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 82: Madhya Pradesh: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 83: Madhya Pradesh: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 84: Madhya Pradesh: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 85: Madhya Pradesh: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 86: Bihar: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 87: Bihar: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 88: Bihar: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 89: Bihar: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 90: Bihar: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 91: Orissa: Liquid Milk Market: Volume Trends (in Million Litres), 2018-2023
Figure 92: Orissa: Liquid Milk Market: Value Trends (in Million INR), 2018-2023
Figure 93: Orissa: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 94: Orissa: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2024-2032
Figure 95: Orissa: Liquid Milk Market Forecast: Value Trends (in Million INR), 2024-2032
Figure 96: India: Liquid Milk Market: Breakup of Key Players (in %), 2023
Figure 97: Liquid Milk Manufacturing Plant: Detailed Process Flow
Figure 98: Liquid Milk Manufacturing Process: Conversion Rate of Products
Figure 99: Liquid Milk Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 100: Liquid Milk Industry: Profit Margins at Various Levels of the Supply Chain
Figure 101: Liquid Milk Production: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: India: Dairy Market: Key Industry Highlights, 2023 and 2032
Table 2: India: Dairy Market: Milk Production Breakup by State, 2018-2023
Table 3: India: Dairy Market: Milk Production Breakup by Cattle, 2018-2023
Table 4: India: Liquid Milk Market Forecast: Breakup by Region, 2024-2032
Table 5: India: Liquid Milk Market Forecast: Breakup by End-Use, 2024-2032
Table 6: Liquid Milk Manufacturing Plant: Costs Related to Land and Site Development (in INR)
Table 7: Liquid Milk Manufacturing Plant: Costs Related to Civil Works (in INR)
Table 8: Liquid Milk Manufacturing Plant: Costs Related to Machinery (in INR)
Table 9: Liquid Milk Manufacturing Plant: Raw Material Requirements
Table 10: Liquid Milk Manufacturing Plant: Costs Related to Salaries and Wages (in INR)
Table 11: Liquid Milk Manufacturing Plant: Costs Related to Other Capital Investments (in INR)
Table 12: Details of Financial Assistance Offered by Financial Institutions
Table 13: Liquid Milk Manufacturing Plant: Capital Costs (in INR)
Table 14: Liquid Milk Manufacturing Plant: Techno-Economic Parameters
Table 15: Liquid Milk Manufacturing Plant: Taxation and Depreciation
Table 16: Liquid Milk Manufacturing Plant: Income Projections (in INR)
Table 17: Liquid Milk Manufacturing Plant: Expenditure Projections (in INR)
Table 18: Liquid Milk Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 19: Liquid Milk Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 20: Liquid Milk Manufacturing Plant: Profit and Loss Account