Product Code: ETC035684 | Publication Date: Jun 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India condensed, evaporated and dry milk market is expected to reach USD 1.4 billion by 2026, growing at a CAGR of 8.7% during the forecast period (2020-2026). The increasing demand for convenience foods among working professionals, rising disposable income levels coupled with changing consumption patterns are some of the key factors driving the growth of this market in India. Additionally, product innovations such as flavored condensed milk and lactose-free variants are further propelling sales in India.
? Rising Disposable Income Levels: Rising disposable income levels have enabled consumers to opt for premium products like condensed/evaporated/dry milk that offer better taste & aroma along with nutritional benefits over their traditional counterparts. This has led to an increased demand for these products from urban households across all age groups leading to higher revenues in this segment.
? Product Innovations: Companies operating in this space have started introducing innovative products like flavored condensed milks (strawberry & chocolate) or low sugar options due to an increased focus on health & wellness amongst consumers which has further boosted revenue potentials in this sector.
? Growing Demand from Online Platforms: There has been an increase in online sales channels across urban areas owing to easy access & competitive pricing offered on various e-commerce platforms leading manufacturers to shift their focus more towards leveraging digital technology effectively given its ability to expand customer base rapidly while being cost effective too making it lucrative business opportunity overall.
? Increasing Demand from Tier II Cities: Urbanization combined with greater awareness about health benefits associated with consuming dairy products is encouraging consumers residing even in tier II cities toward opting for premium quality food items which includes dairy based ones too offering significant opportunities for players present here looking forward tap into them successfully going ahead eventually resulting into substantial growth prospects over longer timespan.
?Some of challenges faced by players operating within Indian Condensed ,Evaporate & Dry Milk Markets include :
??? ? Low Awareness About Health Benefits Associated With Dairy Products : Despite research showing numerous health benefits related t consuming dairy products there still exists a lack of knowledge regarding
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Condensed, Evaporated and Dry Milk Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Condensed, Evaporated and Dry Milk Market Revenues & Volume, 2020 & 2030F |
3.3 India Condensed, Evaporated and Dry Milk Market - Industry Life Cycle |
3.4 India Condensed, Evaporated and Dry Milk Market - Porter's Five Forces |
3.5 India Condensed, Evaporated and Dry Milk Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 India Condensed, Evaporated and Dry Milk Market Revenues & Volume Share, By Applications, 2020 & 2030F |
4 India Condensed, Evaporated and Dry Milk Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Condensed, Evaporated and Dry Milk Market Trends |
6 India Condensed, Evaporated and Dry Milk Market, By Types |
6.1 India Condensed, Evaporated and Dry Milk Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Condensed, Evaporated and Dry Milk Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 India Condensed, Evaporated and Dry Milk Market Revenues & Volume, By Dry Milk Product, 2020-2030F |
6.1.4 India Condensed, Evaporated and Dry Milk Market Revenues & Volume, By Condensed Milk Product, 2020-2030F |
6.1.5 India Condensed, Evaporated and Dry Milk Market Revenues & Volume, By Evaporated Milk Product, 2020-2030F |
6.2 India Condensed, Evaporated and Dry Milk Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Condensed, Evaporated and Dry Milk Market Revenues & Volume, By Food, 2020-2030F |
6.2.3 India Condensed, Evaporated and Dry Milk Market Revenues & Volume, By Beverages, 2020-2030F |
6.2.4 India Condensed, Evaporated and Dry Milk Market Revenues & Volume, By Intermediate Products, 2020-2030F |
6.2.5 India Condensed, Evaporated and Dry Milk Market Revenues & Volume, By Condiments, 2020-2030F |
6.2.6 India Condensed, Evaporated and Dry Milk Market Revenues & Volume, By Other, 2020-2030F |
7 India Condensed, Evaporated and Dry Milk Market Import-Export Trade Statistics |
7.1 India Condensed, Evaporated and Dry Milk Market Export to Major Countries |
7.2 India Condensed, Evaporated and Dry Milk Market Imports from Major Countries |
8 India Condensed, Evaporated and Dry Milk Market Key Performance Indicators |
9 India Condensed, Evaporated and Dry Milk Market - Opportunity Assessment |
9.1 India Condensed, Evaporated and Dry Milk Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 India Condensed, Evaporated and Dry Milk Market Opportunity Assessment, By Applications, 2020 & 2030F |
10 India Condensed, Evaporated and Dry Milk Market - Competitive Landscape |
10.1 India Condensed, Evaporated and Dry Milk Market Revenue Share, By Companies, 2023 |
10.2 India Condensed, Evaporated and Dry Milk Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |