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Market Research Report

Buttermilk Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Published by IMARC Services Private Limited Product code 999904
Published Content info 187 Pages
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Buttermilk Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: April 12, 2021 Content info: 187 Pages
Description

Buttermilk, also known as chaach, is obtained by churning fresh or pasteurized cream with little developed acidity. It is usually served cold after adding black salt, cumin powder and chopped coriander leaves. Broadly, there are two types of buttermilk available in the market - sweet cream and sour. It represents an integral part of a balanced diet and has been traditionally consumed as a refreshment drink for centuries in India. According to the recent report released by IMARC Group- "Buttermilk Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the Indian buttermilk market exhibited strong growth during 2015-2020. As it offers relief from the scorching heat of the sun, it has gained immense popularity in India as a result of the country's extremely hot summers. The demand for buttermilk is also increasing as it is good for digestion and boosts immunity. Moreover, buttermilk is widely used as an ingredient in the manufacturing of ice creams, dairy-based sauces and a number of confectionery products, which has further resulted in its increased demand. Looking forward, the buttermilk market in India is expected to grow at a CAGR of 22.4% during the forecast period (2021-2026).

The report has examined the Indian buttermilk market in 15 major states:

  • Maharashtra
  • Uttar Pradesh
  • Andhra Pradesh and Telangana
  • Tamil Nadu
  • Gujarat
  • Rajasthan
  • Karnataka
  • Madhya Pradesh
  • West Bengal
  • Bihar
  • Delhi
  • Kerala
  • Punjab
  • Orissa
  • Haryana
  • For each of the states, the report provides a thorough analysis of the current and historical value and volume trends, market share of key players and market forecast. Currently, Tamil Nadu represents the region with highest market share in the country. The competitive landscape of the Indian buttermilk market has also been covered in this report. Some of the prominent players operating in the market include GCMMF, KMF, Mother Dairy, RCDF and Hatsun.
  • The study provides an in-depth analysis of the buttermilk market landscape in India, covering the current, historical and future trends for buttermilk production along with its prices. The report also offers SWOT, Value Chain and Porter's Five Forces analysis of the Indian buttermilk market along with the breakup by segment, region, and an analysis of the competitive landscape. The study is based on both secondary research and multiple waves of qualitative primary research. It is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any stake or are planning to enter the Indian buttermilk market in any manner.
Table of Contents
Product Code: SR1020B290_Report

Table of Contents

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 Buttermilk 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 Buttermilk Price Trends
  • 6.5 Market Breakup by Region
  • 6.6 Market Breakup by Sector
  • 6.7 Market Forecast
  • 6.8 SWOT Analysis
    • 6.8.1 Overview
    • 6.8.2 Strengths
    • 6.8.3 Weaknesses
    • 6.8.4 Opportunities
    • 6.8.5 Threats
  • 6.9 Value Chain Analysis
    • 6.9.1 Raw Material Suppliers
    • 6.9.2 Manufacturers
    • 6.9.3 Marketing and Distributors
    • 6.9.4 Exporters
    • 6.9.5 Retailers
    • 6.9.6 End-Consumers
  • 6.10 Porter's Five Forces Analysis
    • 6.10.1 Overview
    • 6.10.2 Bargaining Power of Buyers
    • 6.10.3 Bargaining Power of Suppliers
    • 6.10.4 Degree of Competition
    • 6.10.5 Threat of New Entrants
    • 6.10.6 Threat of Substitutes
  • 6.11 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 Market Breakup by Retail Vs Institutional

  • 8.1 Retail
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Institutional
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Competitive Landscape

  • 9.1 Competitive Structure
  • 9.2 Market Share of Key Players

10 Buttermilk Manufacturing Process

  • 10.1 Product Overview
  • 10.2 Detailed Process Flow
  • 10.3 Various Types of Unit Operations Involved
  • 10.4 Mass Balance and Raw Material Requirements

11 Project Details, Requirements and Costs Involved

  • 11.1 Land Requirements and Expenditures
  • 11.2 Construction Requirements and Expenditures
  • 11.3 Plant Machinery
  • 11.4 Machinery Pictures
  • 11.5 Raw Material Requirements and Expenditures
  • 11.6 Raw Material and Final Product Pictures
  • 11.7 Packaging Requirements and Expenditures
  • 11.8 Transportation Requirements and Expenditures
  • 11.9 Utility Requirements and Expenditures
  • 11.10 Manpower Requirements and Expenditures
  • 11.11 Other Capital Investments

12 Loans and Financial Assistance

13 Project Economics

  • 13.1 Capital Cost of the Project
  • 13.2 Techno-Economic Parameters
  • 13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
  • 13.4 Taxation and Depreciation
  • 13.5 Income Projections
  • 13.6 Expenditure Projections
  • 13.7 Financial Analysis
  • 13.8 Profit Analysis

14 Key Player Profiles

List of Figures

  • Figure 1: India: Buttermilk Market: Major Drivers and Challenges
  • Figure 2: India: Dairy Market (in Billion INR), 2015-2020
  • Figure 3: India: Dairy Market: Breakup by Segment (in %), 2020
  • Figure 4: India: Total Milk Production (in Million Metric Tons), 2015-16 - 2020-21
  • Figure 5: India: Total Milk Consumption (in Million Metric Tons), 2015-16 - 2020-21
  • Figure 6: India: Total Milk Production Forecast (in Million Metric Tons), 2021-22 - 2026-27
  • Figure 7: India: Total Milk Consumption Forecast (in Million Metric Tons), 2021-22 - 2026-27
  • Figure 8: India: Milk Utilisation Patterns
  • Figure 9: India: Dairy Market Forecast (in Billion INR), 2021-2026
  • Figure 10: Buttermilk Market: Price Structure (INR/Litre)
  • Figure 11: India: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 12: India: Buttermilk Market: Value Trends (in Billion INR), 2015-2020
  • Figure 13: India: Milk Market: Procurement Price Trends (in INR/Litre), 2015-2020
  • Figure 14: India: Buttermilk Market: Retail Price Trends (in INR/Litre), 2015-2020
  • Figure 15: India: Buttermilk Market: Breakup by Region (in %), 2020
  • Figure 16: India: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 17: India: Buttermilk Market Forecast: Value Trends (in Billion INR), 2021-2026
  • Figure 18: India: Buttermilk Industry: SWOT Analysis
  • Figure 19: India: Buttermilk Industry: Value Chain Analysis
  • Figure 20: India: Buttermilk Industry: Porter's Five Forces Analysis
  • Figure 21: Karnataka: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 22: Karnataka: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 23: Karnataka: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 24: Karnataka: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 25: Karnataka: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 26: Maharashtra: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 27: Maharashtra: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 28: Maharashtra: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 29: Maharashtra: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 30: Maharashtra: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 31: Tamil Nadu: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 32: Tamil Nadu: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 33: Tamil Nadu: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 34: Tamil Nadu: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 35: Tamil Nadu: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 36: Delhi: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 37: Delhi: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 38: Delhi: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 39: Delhi: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 40: Delhi: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 41: Gujarat: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 42: Gujarat: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 43: Gujarat: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 44: Gujarat: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 45: Gujarat: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 46: Andhra Pradesh and Telangana: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 47: Andhra Pradesh and Telangana: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 48: Andhra Pradesh and Telangana: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 49: Andhra Pradesh and Telangana: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 50: Andhra Pradesh and Telangana: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 51: Uttar Pradesh: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 52: Uttar Pradesh: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 53: Uttar Pradesh: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 54: Uttar Pradesh: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 55: Uttar Pradesh: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 56: West Bengal: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 57: West Bengal: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 58: West Bengal: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 59: West Bengal: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 60: West Bengal: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 61: Kerala: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 62: Kerala: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 63: Kerala: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 64: Kerala: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 65: Kerala: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 66: Haryana: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 67: Haryana: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 68: Haryana: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 69: Haryana: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 70: Haryana: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 71: Punjab: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 72: Punjab: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 73: Punjab: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 74: Punjab: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 75: Punjab: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 76: Rajasthan: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 77: Rajasthan: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 78: Rajasthan: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 79: Rajasthan: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 80: Rajasthan: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 81: Madhya Pradesh: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 82: Madhya Pradesh: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 83: Madhya Pradesh: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 84: Madhya Pradesh: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 85: Madhya Pradesh: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 86: Bihar: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 87: Bihar: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 88: Bihar: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 89: Bihar: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 90: Bihar: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 91: Orissa: Buttermilk Market: Volume Trends (in Million Litres), 2015-2020
  • Figure 92: Orissa: Buttermilk Market: Value Trends (in Million INR), 2015-2020
  • Figure 93: Orissa: Buttermilk Market: Breakup of Key Players (in %), 2020
  • Figure 94: Orissa: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2021-2026
  • Figure 95: Orissa: Buttermilk Market Forecast: Value Trends (in Million INR), 2021-2026
  • Figure 96: India: Buttermilk Market: Retail Sales (in Million Litres), 2015 & 2020
  • Figure 97: India: Buttermilk Market Forecast: Retail Sales (in Million Litres), 2021-2026
  • Figure 98: India: Buttermilk Market: Institutional Sales (in Million Litres), 2015 & 2020
  • Figure 99: India: Buttermilk Market Forecast: Institutional Sales (in Million Litres), 2021-2026
  • Figure 100: India: Buttermilk Market: Breakup by Key Players (in %), 2020
  • Figure 101: Buttermilk Manufacturing: Detailed Process Flow
  • Figure 102: Buttermilk Manufacturing: Conversion Rate of Feedstocks
  • Figure 103: Buttermilk Manufacturing Plant: Breakup of Capital Costs (in %)
  • Figure 104: Buttermilk Industry: Profit Margins at Various Levels of the Supply Chain
  • Figure 105: Buttermilk Production: Manufacturing Cost Breakup (in %)

List of Tables

  • Table 1: India: Dairy Market: Key Industry Highlights, 2020 and 2026
  • Table 2: India: Dairy Market: Milk Production Breakup by State, 2015-16 - 2020-21
  • Table 3: India: Dairy Market: Milk Production Breakup by Cattle, 2015-16 - 2020-21
  • Table 4: India: Buttermilk Market Forecast: Breakup by Region, 2021-2026
  • Table 5: India: Buttermilk Market Forecast: Breakup by End-Use, 2021-2026
  • Table 6: India: Buttermilk Market: Competitive Structure
  • Table 7: India: Buttermilk Market: Key Players
  • Table 8: Buttermilk Manufacturing Plant: Costs Related to Land and Site Development (in INR)
  • Table 9: Buttermilk Manufacturing Plant: Costs Related to Civil Works (in INR)
  • Table 10: Buttermilk Manufacturing Plant: Costs Related to Machinery (in INR)
  • Table 11: Buttermilk Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (INR/Ton)
  • Table 12: Buttermilk Manufacturing Plant: Costs Related to Salaries and Wages (in INR)
  • Table 13: Buttermilk Manufacturing Plant: Costs Related to Other Capital Investments (in INR)
  • Table 14: Details of Financial Assistance Offered by Financial Institutions
  • Table 15: Buttermilk Manufacturing Plant: Capital Costs (in INR)
  • Table 16: Buttermilk Manufacturing Plant: Techno-Economic Parameters
  • Table 17: Buttermilk Manufacturing Plant: Taxation and Depreciation (in INR)
  • Table 18: Buttermilk Manufacturing Plant: Income Projections (in INR)
  • Table 19: Buttermilk Manufacturing Plant: Expenditure Projections (in INR)
  • Table 20: Buttermilk Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in INR)
  • Table 21: Buttermilk Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in INR)
  • Table 22: Buttermilk Manufacturing Plant: Profit and Loss Account (in INR)
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