Flavored Milk Market in India by Distribution Channel and Flavor - Forecast and Analysis 2022-2026
- Published: Nov 2021
- Pages: 120
- SKU: IRTNTR71539
Enjoy complimentary customisation on priority with our Enterprise License!
Single:
One user only.
Quick & easy download optionEnterprise:
Unlimited user access (Within your organization)
Complimentary Customization Included
The flavored milk market share in India is expected to increase by USD 3.94 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.43%.
This market in India research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation in India by distribution channel (offline and online) and flavor (chocolate, fruit, vanilla, and others). The market in India report also offers information on several market vendors, including CavinKare Pvt. Ltd., Gujarat Cooperative Milk Marketing Federation, Heritage Foods Ltd., Karnataka Co-operative Milk Producers Federation Ltd., Mother Dairy Fruit and Vegetable Pvt. Ltd., Nestle SA, Parag Milk Foods Ltd., Sofina SA, The Hershey Co., and The Tamil Nadu Dairy Development Corp. Ltd. among others.
What will the Flavored Milk Market Size in India be During the Forecast Period?
Download the Free Report Sample to Unlock the Flavored Milk Market Size in India for the Forecast Period and Other Important Statistics
Flavored Milk Market in India: Key Drivers, Trends, and Challenges
The high nutritional value and high shelf life is notably driving the milk market growth in India, although factors such as growing competition among market vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the flavored milk industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Flavored Milk Market Driver in India
One of the key factors driving growth in the market in India is the high nutritional value and high shelf life. A significant portion of the Indian population has started focusing on balancing their diet by taking care of their nutritional intake. Therefore, this factor is leading to an increased demand for flavored milk, including nutrition such as calcium, vitamin A, and phosphorus. Urban Indian consumers have also started using value-added dairy products such as flavored milk, particularly for its convenience and health benefits. Moreover, the availability of low-sugar, as well as fat-free varieties of flavored milk is expected to result in an increased diabetic and health-conscious population. Flavored milk has more muscle-building protein as compared to juices and sodas. This makes flavored milk in India a better post-exercise drink. These factors are expected to increase the demand for flavored milk in India.
Key Flavored Milk Market Trend in India
The new product launches is another factor supporting the market in India. Vendors in the market are adopting strategies such as product launches to gain a completive advantage in the Indian market. New product launches add diversity to the existing product category of vendors and thereby help them compete with existing vendors in the market. In October 2021, Parag Milk Foods Ltd. announced the expansion of its product portfolio with the launch of Go Milkshake. Go Milkshake is made from 100% cow's milk and is available in 180 ml Tetra Packs. In June 2020, Mother Dairy Fruit & Vegetable Pvt. Ltd. launched butterscotch-flavored turmeric milk that will help boost the immunity of consumers. This haldi-flavored milk is made with concentrated turmeric extract, wherein each bottle delivers the same benefit as taking one teaspoon of turmeric powder in milk
Key Flavored Milk Market Challenge in India
The growing competition among market vendors will be a major challenge for the market in India during the forecast period. The market in India is fragmented, with the presence of numerous local and global players operating in India. However, the market is dominated by a few prominent vendors, such as Nestle SA, Parag Milk Foods Ltd, and Heritage Foods Limited, which offer low-differentiated products in terms of both quality and innovation. These vendors compete among themselves with respect to several factors, such as product pricing, product differentiation, innovation, quality, and brand loyalty. Owing to the high competition in the market, it is very challenging for new players to enter the market. This is negatively impacting the growth of the market in India.
This milk market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the flavored milk market in India as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the flavored milk market in India during the forecast period.
Who are the Major Flavored Milk Market Vendors in India?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- CavinKare Pvt. Ltd.
- Gujarat Cooperative Milk Marketing Federation
- Heritage Foods Ltd.
- Karnataka Co-operative Milk Producers Federation Ltd.
- Mother Dairy Fruit and Vegetable Pvt. Ltd.
- Nestle SA
- Parag Milk Foods Ltd.
- Sofina SA
- The Hershey Co.
- The Tamil Nadu Dairy Development Corp. Ltd.
This statistical study of the market in India encompasses successful business strategies deployed by the key vendors. The market in India is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
-
CavinKare Pvt. Ltd. - The company offers different types of flavored milk such as mango, strawberry, and others.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market in India forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.
Flavored Milk Market in India Value Chain Analysis
Our report provides extensive information on the value chain analysis for the market in India, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the packaged foods and meats market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
What are the Revenue-generating Distribution Channel Segments in the Flavored Milk Market in India?
To gain further insights on the market contribution of various segments Request for a FREE sample
The market share growth in India by the offline segment will be significant during the forecast period. The opening of new stores in India by hypermarkets offering flavored milk, such as Big Bazar and Hypercity, are expected to increase the sales of flavored milk during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size in India and actionable market insights on the post-COVID-19 impact on each segment.
|
Flavored Milk Market Scope in India |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 14.43% |
|
Market growth 2022-2026 |
$3.94 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
13.44 |
|
Regional analysis |
India |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
CavinKare Pvt. Ltd., Gujarat Cooperative Milk Marketing Federation, Heritage Foods Ltd., Karnataka Co-operative Milk Producers Federation Ltd., Mother Dairy Fruit and Vegetable Pvt. Ltd., Nestle SA, Parag Milk Foods Ltd., Sofina SA, The Hershey Co., and The Tamil Nadu Dairy Development Corp. Ltd. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Flavored Milk Market in India Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive market growth in India during the next five years
- Precise estimation of the market size in India and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the flavored milk industry in India
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of market vendors in India
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market Characteristics
2.2 Value Chain Analysis
Exhibit 03: Value Chain Analysis: Packaged foods and meats
2.2.1 Input
2.2.2 Inbound logistics
2.2.3 Primary processing
2.2.4 Secondary and tertiary processing
2.2.5 Outbound logistics
2.2.6 End-customers
2.2.7 Marketing and sales
2.2.8 Services
2.2.9 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2021 - 2026
Exhibit 06: India - Market size and forecast 2021 - 2026 ($ million)
Exhibit 07: India market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2021
5. Market Segmentation by Distribution channel
5.1 Market segments
Exhibit 15: Distribution channel- Market share 2021-2026 (%)
5.2 Comparison by Distribution channel
Exhibit 16: Comparison by Distribution channel
5.3 Offline - Market size and forecast 2021-2026
Exhibit 17: Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 18: Offline - Year-over-year growth 2021-2026 (%)
5.4 Online - Market size and forecast 2021-2026
Exhibit 19: Online - Market size and forecast 2021-2026 ($ million)
Exhibit 20: Online - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Distribution channel
Exhibit 21: Market opportunity by Distribution channel
6. Market Segmentation by Flavor
6.1 Market segments
Exhibit 22: Flavor - Market share 2021-2026 (%)
6.2 Comparison by Flavor
Exhibit 23: Comparison by Flavor
6.3 Chocolate - Market size and forecast 2021-2026
Exhibit 24: Chocolate - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Chocolate - Year-over-year growth 2021-2026 (%)
6.4 Fruit - Market size and forecast 2021-2026
Exhibit 26: Fruit - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Fruit - Year-over-year growth 2021-2026 (%)
6.5 Vanilla - Market size and forecast 2021-2026
Exhibit 28: Vanilla - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Vanilla - Year-over-year growth 2021-2026 (%)
6.6 Others - Market size and forecast 2021-2026
Exhibit 30: Others - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Others - Year-over-year growth 2021-2026 (%)
6.7 Market opportunity by geography
Exhibit 32: Market opportunity by geography ($ million)
7. Customer landscape
Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 33: Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market Driver
8.1.1 High nutritional value and high shelf life
8.1.2 High milk production capacity
8.1.3 Increasing consumer disposable income
8.2 Market challenges
8.2.1 Growing competition among market vendors
8.2.2 Rising prevalence of lactose intolerance and milk allergies
8.2.3 Availability of substitutes at lower prices
Exhibit 34: Impact of drivers and challenges
8.3 Market trends
8.3.1 New product launches
8.3.2 Increasing retail outlets
8.3.3 Growing popularity among children and adults
9. Vendor Landscape
9.1 Vendor landscape
Exhibit 35: Vendor landscape
9.2 Landscape disruption
Exhibit 36: ?Landscape disruption?
Exhibit 37: Industry Risk
10. Vendor Analysis
10.1 Vendors covered
Exhibit 38: Vendors covered
10.2 Market positioning of vendors
Exhibit 39: ?Market positioning of vendors?
10.3 CavinKare Pvt. Ltd.
Exhibit 40: CavinKare Pvt. Ltd. - Overview
Exhibit 41: CavinKare Pvt. Ltd. - Product and service
Exhibit 42: CavinKare Pvt. Ltd. – Key news
Exhibit 43: CavinKare Pvt. Ltd. - Key offerings
10.4 Gujarat Cooperative Milk Marketing Federation
Exhibit 44: Gujarat Cooperative Milk Marketing Federation - Overview
Exhibit 45: Gujarat Cooperative Milk Marketing Federation - Product and service
Exhibit 46: Gujarat Cooperative Milk Marketing Federation - Key offerings
10.5 Heritage Foods Ltd.
Exhibit 47: Heritage Foods Ltd. - Overview
Exhibit 48: Heritage Foods Ltd. - Business segments
Exhibit 49: Heritage Foods Ltd. - Key offerings
Exhibit 50: Heritage Foods Ltd. - Segment focus
10.6 Karnataka Co-operative Milk Producers Federation Ltd.
Exhibit 51: Karnataka Co-operative Milk Producers Federation Ltd. - Overview
Exhibit 52: Karnataka Co-operative Milk Producers Federation Ltd. - Product and service
Exhibit 53: Karnataka Co-operative Milk Producers Federation Ltd. - Key offerings
10.7 Mother Dairy Fruit and Vegetable Pvt. Ltd.
Exhibit 54: Mother Dairy Fruit and Vegetable Pvt. Ltd. - Overview
Exhibit 55: Mother Dairy Fruit and Vegetable Pvt. Ltd. - Product and service
Exhibit 56: Mother Dairy Fruit and Vegetable Pvt. Ltd. - Key offerings
10.8 Nestle SA
Exhibit 57: Nestle SA - Overview
Exhibit 58: Nestle SA - Business segments
Exhibit 59: Nestle SA - Key news
Exhibit 60: Nestle SA - Key offerings
Exhibit 61: Nestle SA - Segment focus
10.9 Parag Milk Foods Ltd.
Exhibit 62: Parag Milk Foods Ltd. - Overview
Exhibit 63: Parag Milk Foods Ltd. - Product and service
Exhibit 64: Parag Milk Foods Ltd. - Key offerings
10.10 Sofina SA
Exhibit 65: Sofina SA - Overview
Exhibit 66: Sofina SA - Product and service
Exhibit 67: Sofina SA - Key offerings
10.11 The Hershey Co.
Exhibit 68: The Hershey Co. - Overview
Exhibit 69: The Hershey Co. - Business segments
Exhibit 70: The Hershey Co. - Key offerings
10.12 The Tamil Nadu Dairy Development Corp. Ltd.
Exhibit 72: The Tamil Nadu Dairy Development Corp. Ltd. - Overview
Exhibit 73: The Tamil Nadu Dairy Development Corp. Ltd. - Product and service
Exhibit 74: The Tamil Nadu Dairy Development Corp. Ltd. - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 ????Market definition
11.1.2 ????Objectives
11.1.3 ????Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 75: ?Currency conversion rates for US$?
11.3 Research Methodology
Exhibit 76: ?Research Methodology
Exhibit 77: ??Validation techniques employed for market sizing?
Exhibit 78: ??Information sources
11.4 List of abbreviations
Exhibit 79: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- High nutritional value and high shelf life
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Single:
One user only.
Quick & easy download optionEnterprise:
Unlimited user access (Within your organization)
Complimentary Customization Included
2500 USD
Get the report (PDF) sent to your email within minutes.
Subscribe & Save
Get lifetime access to our
Technavio Insights
Did you know?
Did you know?
Did you know?
Customized Report as per your Business Needs
- Our analysts will work directly with you and understand your needs
- Get data on specified regions or segments, competitor and Vendors
- Data will be formatted and presented as per your requirements
- We offer $1000 worth of FREE customization at the time of purchase
Let us help you make report more suited to your requirements.
- Get a competitive breakdown as per your niche industry
- Customize the data with various metrics that meet your business prerequisite
- Understand Revenue Sources, Customers and many more
- Details on Market Share
- These customizations are done in a short amount of time by our analysts and industry experts
