According to the latest report by IMARC Group, titled “Dairy Industry in Madhya Pradesh: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution,” According to the report, the Madhya Pradesh dairy market exhibited strong growth during 2015-2020 and expects the Madhya Pradesh dairy market to grow at a CAGR of more than 15% during 2021-2026.
Milk represents a rich source of essential nutrients required by the body, including calcium, potassium, vitamins A and D, magnesium, zinc, carbohydrates, proteins, etc. It helps in strengthening bones, improving metabolism, lowering risks of heart diseases, building immunity against numerous diseases, etc. Some of the common dairy products, such as cheese, cream, ghee, butter, yogurt, etc.
Madhya Pradesh Dairy Market Trends:
Elevating public health consciousness and improving living standards of individuals are some of the key factors driving the dairy market in Madhya Pradesh. This, along with the inflating disposable income levels of consumers, arealso contributing to the rising demand for premium dairy products. Moreover, the regional government is introducing various schemes and initiatives to develop the dairy sector in the state. Additionally, the evolution of the dairy industry from an unorganized to a comparatively organized sector is also positively influencing the market. Furthermore, the rising private participation in the market and the increasing availability of several value-added products, such as yogurt, cheese, probiotic drinks, etc., are catalyzing the market growth. Besides this, numerous technological advancements to extend the shelf life of liquid milk, along with the expansion of the food retail sector, are further expected to create a positive outlook for the Madhya Pradesh dairy market in the coming years.
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Madhya Pradesh Dairy Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- GCMMF (Amul)
- MPCDF (Sanchi)
- Anit Industries (Sourabh)
- Pawanshree Food International Ltd.
The report has segmented the market on the basis of product segments:
- Liquid milk
- Ghee
- Curd
- Paneer
- Ice-cream
- Table butter
- Skimmed milk powder
- Frozen/flavoured yoghurt
- Fresh cream
- Lassi
- Butter milk
- Cheese
- Flavoured milk
- UHT milk
- Dairy whitener
- Sweet condensed milk
- Infant food
- Malt based beverages
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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