IMARC Group’s latest report, titled “Dairy Industry in Haryana: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution”, offers an in-depth analysis of the Haryana dairy market. The milk production in Haryana mainly consists of cow and buffalo milk. According to the report, the Haryana dairy market size reached INR 585.9 Billion in 2023.
Report Attribute
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Key Statistics
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---|---|
Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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INR 585.9 Billion |
Market Forecast in 2032
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INR 1,650.1 Billion |
Market Growth Rate 2024-2032 | 11.8% |
Based on the product type, this report has categorized the Haryana dairy market into 18 major product segments:
For each of the product segments, the report provides a thorough analysis of the current and historical value and volume trends, market share of key players and market forecast. Currently, liquid milk represents the biggest product segment in Haryana, accounting for majority of the total market share. Some of the fastest growing segments include frozen/flavoured yoghurt, cheese, UHT milk, flavoured milk and butter milk. The competitive landscape of Haryana’s dairy market has also been examined in this report. Some of the major players covered in the report include HDDCF (Vita), Mother Dairy, GCMMF (Amul), Modern Dairy and Kwality Dairy. Looking forward, IMARC Group expects the Haryana dairy market to reach INR 1,650.1 Billion by 2032, exhibiting a growth rate (CAGR) of 11.8% during 2024-2032.
The study provides a detailed evaluation of the dairy market landscape in Haryana, covering the current, historical and future trends for milk production, milk production by cattle, milk procurement prices, etc. The report also offers SWOT, Value Chain and Porter’s Five Forces analysis of Haryana dairy market along with market segmentation by product type and an analysis of the competitive landscape. The study is based on both desk research and multiple waves of qualitative primary research. In order to provide a clearer picture, the report also presents thisinformation in the form of a dynamic excel model where users can analyse the entire information and also change various inputs according to their requirements. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Haryana dairy market in any manner.
The dairy industry in Haryana was valued at INR 585.9 Billion in 2023.
We expect the dairy industry in Haryana to exhibit a CAGR of 11.8% during 2024-2032.
The rising consumer awareness towards several health benefits of consuming dairy and dairy-based products, such as supporting body growth, building and repairing muscle tissues, maintaining strong bones, and regulating blood pressure, is primarily driving the dairy industry in Haryana.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of dairy and dairy-based products in Haryana.
Based on the product type, the dairy industry in Haryana can be bifurcated into 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, and malt based beverages. Currently, liquid milk exhibits a clear dominance in the market.
Some of the major players in the dairy industry in Haryana include HDDCF (Vita), Mother Dairy, GCMMF (Amul), Modern Dairy, and Kwality Dairy.