India Yogurt Market Set to Cross INR 6,000 Crore ($1 Bn) by 2021: TechSci Research Report
NEW YORK, May 19, 2016 /PRNewswire/ --
Rising Health Consciousness Among Consumers, Growing Demand for Value Added Dairy Products, Increasing Disposable Income Levels and Changing Lifestyles to Drive Dairy Products Market in India Through 2021
According to recently published report by TechSci Research titled "India Dairy Products Market By Product Type, Competition Forecast & Opportunities, 2011 - 2021'’, yogurt market in India grew at a CAGR of 28.9% during 2011-2015. Moreover, the country's yogurt market is projected to grow at an even more faster pace over next five years and touch US$ 1 Billion by 2021. Easy availability of various functional products, and rising emphasis on low calorie and low fat content of food products is driving yogurt consumption in India. Yogurts are gradually eating away the share of traditional dairy products in urban and semi urban cities, on account of increasing health awareness, better quality of packaged yogurt and increasing yogurt flavors.
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Browse 5 market data Tables and 40 Figures spread through 101 Pages and an in-depth TOC on "India Dairy Products Market"
Rising awareness about the health benefits of products, increasing disposable income levels, growing demand from middle class segment, affordable prices, etc., are some of the other factors driving demand for yogurts in India. Few of the leading players operating in India dairy products market include Gujarat Cooperative Milk Marketing Federation Ltd., National Dairy Development Board, Karnataka Cooperative Milk Producers Federation Ltd., and Tamil Nadu Co-operative Milk Producers' Federation Limited, among others.
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Yogurts are also gaining popularity due to the entry of a number of organized players in the market. The country is witnessing entry of a large number of international players as well that are engaged in offering a variety of non-conventional dairy products such as yogurts and probiotic drinks. With growing yogurt demand and presence of only a handful of organized players offering yogurt, the prices of these products are anticipated to grow through 2021.
"India Dairy Products Market By Product Type, Competition Forecast & Opportunities, 2011 - 2021'’, has evaluated the future growth potential of India dairy products market and provides statistics and information on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in India dairy products market.
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