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    India Dairy Market

    ID: MRFR/F-B & N/44962-HCR
    200 Pages
    Harshita Gorade
    September 2025

    India Dairy Market Research Report By Product Type (Milk, Cheese, Butter, Yogurt, Dairy Cream, Ice Cream, Others), By Category (Organic, Conventional), By Distribution Channel (Store-Based, Non-Store-Based) and By Store-Based (Supermarkets Hypermarkets, Convenience Stores, Others) - Forecast to 2035

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    India Dairy Market Research Report- Forecast to 2035 Infographic
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    Table of Contents

    India Dairy Market Summary

    The India Dairy market is projected to grow from 51.2 USD Billion in 2024 to 72 USD Billion by 2035, indicating a robust growth trajectory.

    Key Market Trends & Highlights

    India Dairy Key Trends and Highlights

    • The market valuation is expected to reach 72 USD Billion by 2035, reflecting a substantial increase from 51.2 USD Billion in 2024.
    • The compound annual growth rate (CAGR) for the India Dairy market is estimated at 3.16% from 2025 to 2035.
    • This growth trajectory suggests a steady demand for dairy products across various consumer segments in India.
    • Growing adoption of innovative dairy processing technologies due to increasing consumer health awareness is a major market driver.

    Market Size & Forecast

    2024 Market Size 51.2 (USD Billion)
    2035 Market Size 72 (USD Billion)
    CAGR (2025-2035) 3.16%

    Major Players

    Nandini, Amul, Mother Dairy, Vallombrosa Benedictine Congregation, Creamline Foods, Shreeja Milk, Hatsun Agro Product, Kwality Dairy, Gowardhan, Dairy Craft, Parag Milk Foods, Mohan Meakin, Saras Dairy, Sundrop Foods, Britannia Industries

    India Dairy Market Trends

    The India Dairy Market is observing significant changes with the increasing consumption of dairy products, changes in technology, and shifting consumer preferences. One of the main market drivers affecting the growth of the dairy industry is the population surge along with higher purchasing power, which has resulted in increased consumption of milk and dairy food products in both rural and urban regions. With regard to nutrition, Indian dairy consumers are moving towards more fortified functional dairy products, which is enabling growth in flavored milk, yogurt, and cheese.

    Natural and organic dairy foods is also gaining more attention embodying the shift towards a healthy diet. Value added products and advanced dairy processing techniques present great opportunities in The Dairy Market in India.

    With the rising demand for convenience and healthy diets, there is increased consumer interest in packaged and ready-to-eat dairy products. This presents an opportunity for innovation and expansion for local dairy farmers and cooperatives. In addition, government efforts to promote rural employment and provide aid to small-scale dairy farming strengthens producers’ capabilities and enhances product quality. Recently, there is a move towards the application of digital technology in the dairy supply chain with the use of blockchain and mobile apps to aid with transparency and streamlining processes.

    The development of e-commerce is changing the retail environment by increasing the availability of dairy products.

    Sustainable development is gaining more attention for accomplishing green and eco-friendly work processes and operations. As the Indian Dairy Market advances, these changes represent new opportunities and difficulties for stakeholders to face.

    India Dairy Market Drivers

    Market Segment Insights

    Get more detailed insights about India Dairy Market Research Report- Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The India Dairy Market has witnessed significant growth and competition over recent years, driven by increasing consumer demand for dairy products, health awareness, and a rising middle class with changing dietary habits. This sector is characterized by a mix of traditional practices and modernized production, distribution, and marketing strategies. Players in this market face unique challenges including fluctuations in raw milk prices, varying regulatory frameworks across states, and evolving consumer preferences that demand quality and sustainability. Companies leverage technology and innovation to improve efficiency and product quality, thereby establishing stronger brands that appeal to the health-conscious consumer.

    Nandini, a prominent player in the Indian dairy market, stands out due to its strong regional presence, particularly in the southern states. The brand is widely recognized for its high-quality products, including milk, curd, and a variety of value-added dairy products. Nandini's strengths lie in its robust cooperative model, which fosters direct relationships with local dairy farmers, ensuring a steady supply of fresh milk and promoting rural development. This cooperative structure helps in creating a loyal customer base and enhances brand trust among consumers.

    The company invests in quality assurance and sustainable practices, contributing to its reputation as a reliable source of dairy products in India. Furthermore, Nandini has effectively utilized regional branding and local flavor differentiation, which resonate with consumers, thereby solidifying its competitive edge in a diverse market. Amul, another giant in the Indian dairy landscape, is well-known for its extensive range of products including milk, butter, cheese, and ice cream, catering to a diverse consumer base. The brand has established a formidable market presence with a significant outreach across the country.

    Amul's strengths include its innovative marketing strategies, such as the iconic "Amul Girl" campaign, which has made a lasting impression on consumers. The company's cooperative structure empowers over a million dairy farmers, enhancing their income and fostering community development. Amul has also engaged in strategic mergers and acquisitions, which have allowed it to expand its portfolio and enhance distribution channels across various regions in India. This approach not only strengthens its market position but also diversifies its product offerings to meet the changing preferences of consumers.

    With ongoing efforts in product innovation and sustainability, Amul maintains its reputation as a leader in the Indian dairy market, continuously adapting to meet consumer demands and expanding its reach.

    Key Companies in the India Dairy Market market include

    Industry Developments

    The India Dairy Market has seen significant movements recently. In October 2023, the National Dairy Development Board reported that the sector is experiencing a compound annual growth rate of approximately 15%, driven by rising demand for milk and dairy products. Companies like Amul and Mother Dairy are expanding their product lines to include fortified milk and organic options, reflecting consumer preferences for health-conscious choices. Notably, in September 2023, Hatsun Agro Product announced the launch of new flavored milk variants to capture a younger demographic, showcasing the industry's innovation trends.

    In terms of mergers and acquisitions, no major transactions involving the specified companies have been publicly reported recently. However, the competitive landscape remains active as smaller players such as Shreeja Milk and Creamline Foods seek partnerships to enhance distribution networks. 

    The market valuation for companies like Parag Milk Foods and Britannia Industries is on an upward trajectory, fueled by increasing household disposable income and a shift towards premium dairy products. Recent data indicates a growing interest in plant-based dairy alternatives, positioning traditional dairy firms to adapt and innovate in this evolving landscape.

    Market Segmentation

    Dairy Market Category Outlook

    • Organic
    • Conventional

    Dairy Market Store-Based Outlook

    • Supermarkets Hypermarkets
    • Convenience Stores
    • Others

    Dairy Market Product Type Outlook

    • Milk
    • Cheese
    • Butter
    • Yogurt
    • Dairy Cream
    • Ice Cream
    • Others

    Dairy Market Distribution Channel Outlook

    • Store-Based
    • Non-Store-Based

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 48.88(USD Billion)
    Market Size 2024 51.16(USD Billion)
    Market Size 2035 72.0(USD Billion)
    Compound Annual Growth Rate (CAGR) 3.155% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled Nandini, Amul, Mother Dairy, Vallombrosa Benedictine Congregation, Creamline Foods, Shreeja Milk, Hatsun Agro Product, Kwality Dairy, Gowardhan, Dairy Craft, Parag Milk Foods, Mohan Meakin, Saras Dairy, Sundrop Foods, Britannia Industries
    Segments Covered Product Type, Category, Distribution Channel, Store-Based
    Key Market Opportunities Growing demand for value-added products, Expansion of organic dairy segment, Increasing urbanization and convenience products, Rise in health-conscious consumer preferences, Investment in dairy technology and automation
    Key Market Dynamics increasing urbanization, rising health consciousness, rising disposable income, demand for value-added products, government support and initiatives
    Countries Covered India

    Market Highlights

    Author
    Harshita Gorade
    Research Analyst

    Harshita Post graduate MBA in Business Administration from Welingkar Institute, Mumbai and 5 years of experience in the field of product market research. As a Research Analyst, I have cross-domain experience in packaging, and industrial Automation & Equipment. I am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at Market Research Future Reports. My responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.

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    FAQs

    What was the expected market size of the India Dairy Market in 2024?

    The India Dairy Market was valued at 51.16 USD Billion in 2024.

    What will be the market size of the India Dairy Market by 2035?

    By 2035, the India Dairy Market is anticipated to reach a valuation of 72.0 USD Billion.

    What is the expected CAGR for the India Dairy Market from 2025 to 2035?

    The projected CAGR for the India Dairy Market from 2025 to 2035 is 3.155%.

    Which product type holds the largest value in the India Dairy Market in 2024?

    In 2024, Milk holds the largest value in the market at 21.0 USD Billion.

    What is the projected market value for Butter in the India Dairy Market by 2035?

    The market value for Butter in the India Dairy Market is expected to reach 10.71 USD Billion by 2035.

    Who are the key players in the India Dairy Market?

    Major players in the market include Nandini, Amul, Mother Dairy, and Hatsun Agro Product among others.

    What was the market value of Cheese in the India Dairy Market in 2024?

    The market value of Cheese was 10.0 USD Billion in 2024.

    What is the forecasted market growth rate for Yogurt in the India Dairy Market from 2025 to 2035?

    Yogurt's market is anticipated to grow, reaching a value of 9.66 USD Billion by 2035.

    What challenges are present in the India Dairy Market currently?

    The market faces challenges like supply chain inefficiencies and fluctuating dairy prices.

    What opportunities exist for growth in the India Dairy Market?

    Opportunities for growth include increasing consumer demand for organic and health-focused dairy products.

    1. 'TABLE OF CONTENTS
    2. EXECUTIVE SUMMARY
    3. Market Overview
      1. Key Findings
      2. Market Segmentation
    4. Competitive Landscape
      1. Challenges and Opportunities
      2. Future Outlook
    5. MARKET INTRODUCTION
      1. Definition
      2. Scope of the study
        1. Research Objective
        2. Assumption
        3. Limitations
    6. RESEARCH METHODOLOGY
      1. Overview
    7. Data Mining
      1. Secondary Research
      2. Primary Research
    8. Primary Interviews and Information Gathering Process
      1. Breakdown of Primary
    9. Respondents
      1. Forecasting Model
      2. Market Size Estimation
    10. Bottom-Up Approach
      1. Top-Down Approach
      2. Data Triangulation
      3. Validation
    11. MARKET DYNAMICS
      1. Overview
      2. Drivers
      3. Restraints
      4. Opportunities
    12. MARKET FACTOR ANALYSIS
      1. Value chain Analysis
      2. Porter''s Five Forces
    13. Analysis
      1. Bargaining Power of Suppliers
        1. Bargaining Power
    14. of Buyers
      1. Threat of New Entrants
        1. Threat of Substitutes
        2. Intensity of Rivalry
      2. COVID-19 Impact Analysis
    15. Market Impact Analysis
      1. Regional Impact
        1. Opportunity and
    16. Threat Analysis
    17. INDIA DAIRY MARKET, BY PRODUCT TYPE (USD
    18. BILLION)
      1. Milk
      2. Cheese
      3. Butter
      4. Yogurt
      5. Dairy Cream
      6. Ice Cream
      7. Others
    19. INDIA DAIRY MARKET,
    20. BY CATEGORY (USD BILLION)
      1. Organic
      2. Conventional
    21. INDIA
    22. DAIRY MARKET, BY DISTRIBUTION CHANNEL (USD BILLION)
      1. Store-Based
    23. Non-Store-Based
    24. INDIA DAIRY MARKET, BY STORE-BASED (USD BILLION)
    25. Supermarkets Hypermarkets
      1. Convenience Stores
      2. Others
    26. COMPETITIVE LANDSCAPE
      1. Overview
      2. Competitive
    27. Analysis
      1. Market share Analysis
      2. Major Growth Strategy in
    28. the Dairy Market
      1. Competitive Benchmarking
      2. Leading Players
    29. in Terms of Number of Developments in the Dairy Market
      1. Key developments
    30. and growth strategies
      1. New Product Launch/Service Deployment
    31. Merger Acquisitions
      1. Joint Ventures
      2. Major Players Financial
    32. Matrix
      1. Sales and Operating Income
        1. Major Players RD Expenditure.
    33. COMPANY PROFILES
      1. Nandini
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    34. Analysis
      1. Key Strategies
      2. Amul
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    35. Analysis
      1. Key Strategies
      2. Mother Dairy
        1. Financial
    36. Overview
      1. Products Offered
        1. Key Developments
    37. SWOT Analysis
      1. Key Strategies
      2. Vallombrosa Benedictine Congregation
        1. Financial Overview
        2. Products Offered
        3. Key
    38. Developments
      1. SWOT Analysis
        1. Key Strategies
    39. Creamline Foods
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key Strategies
      2. Shreeja Milk
        1. Financial Overview
        2. Products
    40. Offered
      1. Key Developments
        1. SWOT Analysis
    41. Key Strategies
      1. Hatsun Agro Product
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    42. Analysis
      1. Key Strategies
      2. Kwality Dairy
        1. Financial
    43. Overview
      1. Products Offered
        1. Key Developments
    44. SWOT Analysis
      1. Key Strategies
      2. Gowardhan
        1. Financial
    45. Overview
      1. Products Offered
        1. Key Developments
    46. SWOT Analysis
      1. Key Strategies
      2. Dairy Craft
    47. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
      2. Parag Milk
    48. Foods
      1. Financial Overview
        1. Products Offered
    49. Key Developments
      1. SWOT Analysis
        1. Key Strategies
      2. Mohan Meakin
        1. Financial Overview
        2. Products
    50. Offered
      1. Key Developments
        1. SWOT Analysis
    51. Key Strategies
      1. Saras Dairy
        1. Financial Overview
    52. Products Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. Sundrop Foods
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    53. Analysis
      1. Key Strategies
      2. Britannia Industries
    54. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
    55. APPENDIX
      1. References
      2. Related Reports
    56. LIST OF ASSUMPTIONS
    57. BY PRODUCT TYPE, 2019-2035 (USD BILLIONS)
    58. ESTIMATES & FORECAST, BY CATEGORY, 2019-2035 (USD BILLIONS)
    59. DAIRY MARKET SIZE ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019-2035 (USD
    60. BILLIONS)
    61. 2035 (USD BILLIONS)
    62. MARKET SYNOPSIS
    63. MARKET ANALYSIS BY DISTRIBUTION CHANNEL
    64. BY STORE-BASED
    65. RESEARCH PROCESS OF MRFR
    66. DRIVERS IMPACT ANALYSIS: DAIRY MARKET
    67. DAIRY MARKET
    68. DAIRY MARKET, BY PRODUCT TYPE, 2025 (% SHARE)
    69. PRODUCT TYPE, 2019 TO 2035 (USD Billions)
    70. (% SHARE)
    71. DAIRY MARKET, BY DISTRIBUTION CHANNEL, 2019 TO 2035 (USD Billions)
    72. DAIRY MARKET, BY STORE-BASED, 2025 (% SHARE)
    73. BY STORE-BASED, 2019 TO 2035 (USD Billions)
    74. COMPETITORS'

    India Dairy Market Segmentation

    • Dairy Market By Product Type (USD Billion, 2019-2035)
      • Milk
      • Cheese
      • Butter
      • Yogurt
      • Dairy Cream
      • Ice Cream
      • Others

     

    • Dairy Market By Category (USD Billion, 2019-2035)
      • Organic
      • Conventional

     

    • Dairy Market By Distribution Channel (USD Billion, 2019-2035)
      • Store-Based
      • Non-Store-Based

     

    • Dairy Market By Store-Based (USD Billion, 2019-2035)
      • Supermarkets Hypermarkets  
      • Convenience Stores
      • Others

     

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