Market Research Report
India Yogurt Market, By Type, By Fat Content,, By Form, By Packaging, By Distribution Channel, By Region, Competition, Forecast & Opportunities, FY2026
|Published by||TechSci Research||Product code||998650|
|Published||Content info||73 Pages
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|India Yogurt Market, By Type, By Fat Content,, By Form, By Packaging, By Distribution Channel, By Region, Competition, Forecast & Opportunities, FY2026|
|Published: April 1, 2021||Content info: 73 Pages||
India Yogurt Market, By Type (Non-Flavored, Flavored), By Fat Content, (Regular, Low Fat, Fat-Free), By Form (Conventional Yogurt, Set Yogurt, Greek Yogurt, Frozen Yogurt, Yogurt Drinks and Others), By Packaging (Pouches, Plastic Bottles, Tetra Packs and Others), By Distribution Channel (Convenience Stores, Independent Small Grocers, Supermarket/Hypermarket, Online Channel), By Region, Competition, Forecast & Opportunities, FY2026.
India Yogurt Market is forecast to grow at the double-digit CAGR of 15.93% in the forecast period till FY2026 due to growing presence of online delivery companies such as Big Basket, Grofers and Amazon in India as these companies are offering various products in the fresh dairy segment and offering two hours and one day delivery options at the selected cities in India, driving the growth of the India yogurt market through FY2026. At the same time companies operating in the Indian Yogurt Market are enhancing their product portfolio and offering various local and international flavors in order to cater to the growing demand for yogurt, especially from the urban Indian consumers. All the above-mentioned factors are expected to propel the growth in the Indian Yogurt Market in the forecast period. Furthermore, the increasing demand for yogurt types such as low fat, fat free, non-dairy based and organic is increasingly growing among the Indian consumers, and this will act as catalyst in the growth of the India Yogurt Market in the forecast period through 2026.
India Yogurt Market on the basis of form is segmented into conventional yogurt, set yogurt, greek yogurt, frozen yogurt, yogurt drinks and others. In the base year FY2020, conventional yogurt held the largest market share among all the other segments due to low cost and availability on multiple platforms.
On the basis of fat content, India Yogurt Market is divided into regular, low fat and fat free yogurt types. In the base year FY2020, regular type yogurt held the largest market share in the India Yogurt Market because of its affordable price and easy availability. However, low fat and fat free yogurt segments are getting extremely popular among the consumers in India due to their proven health benefits. Companies operating in the yogurt segment are highly focusing on providing yogurt with claims such as low fat or fat free, which is further pushing the sales of the products. Currently, only a few companies are providing products in these segments but looking at the increasing demand from consumers, other companies would like to focus on enhancing their product portfolio in the forecast period.
India Yogurt Market on the regional segmentation is divided into North, East, South, and West. In the base year FY2020, North region recorded the largest market share in the India Yogurt Market due to its large population base, higher GDP and enhanced reach among distributors and retailers.
Some of the leading companies in the India Yogurt Market include Nestle India Limited, Gujarat Co-operative Milk Marketing Federation Limited, Mother Dairy Fruit & Vegetable Private Limited, Drums Food International Private Limited, Britannia Industries Limited, Cocoberry Retail Pvt. Ltd., Heritage Novandie Foods Private Limited, Red Mango FC, LLC., and Parag Milk Foods Limited, among others.
Years considered for this report:
Historical Years: FY2016-FY2019
Base Year: FY2020
Estimated Year: FY2021
Forecast Period: FY2022-FY2026
Objective of the Study:
TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of yogurt producers and suppliers in India. TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include producers that could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, end use sectors, and regional presence of all major yogurt suppliers across the country.
TechSci Research calculated the market size for India Yogurt Market using a bottom-up approach, wherein producers' value sales data for different types of yogurt such as (non-flavored and flavored), was recorded and subsequently forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally them validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as yogurt producers, distributors, suppliers, and policy makers to understand which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.
In this report, India Yogurt Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Independent Small Grocers
Company Profiles: Detailed analysis of the major companies present in the India Yogurt Market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Channel Partner Analysis
5.1 Factors Influencing Purchase Decision
5.2 Brand Awareness