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Flavored Milk Market in India by Distribution Channel and Flavor - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71539
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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?

Flavored Milk Market Size

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?

Flavored Milk Market Market segmentation by region

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

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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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Flavoured Milk market growth will increase by $3940.52 million during 2021-2026.
The flavoured milk market is expected to grow at a CAGR of 14.43% during 2021-2026.
Technavio has segmented the flavoured milk market by distribution channel (Offline and Online) ,other1 (Chocolate, Fruit, Vanilla, and Others) , and geographic (India).
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. are a few of the key vendors in the flavoured milk market.
India will register the highest growth rate of 100.00% among the other regions. Therefore, the flavoured milk market in India is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the flavoured milk market growth are:
  • High nutritional value and high shelf life
The flavoured milk market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
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  • 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?
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