Liquid Milk Market in India to Reach INR 28,007.9 Billion by 2032, Impelled by Increasing Population

May 02, 2022 | Food & Beverages

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The latest report by IMARC Group, titled “Liquid Milk Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” finds that the liquid milk market in India size reached INR 8,770.6 Billion in 2023. Liquid milk refers to the raw material used in various processed foods and beverages. It is obtained from cows, buffaloes, horses, goats, sheep, and other milk-producing livestock and heated through pasteurization, ultra-high temperature (UHT) or sterilization to eliminate germs and extend the shelf life. It is a rich source of essential nutrients such as proteins, carbohydrates, vitamins A & D, calcium, phosphorus, and natural enzymes. These nutrients strengthen the skeletal system, lower the risk of cardiovascular diseases, and boost immunity. Over the years, there has been an escalating demand for liquid milk in India as it is widely utilized in various food preparations.

Indian Liquid Milk Market Trends:

The market is primarily driven by the increasing consumption of liquid milk as an integral part of the staple diet. Besides this, the growing awareness among the masses regarding various benefits offered by liquid milk and the rising number of health-conscious consumers are also contributing to the market growth. Moreover, key players are adopting advanced methods to enhance the quality and quantity of milk production. This, coupled with the escalating demand for organic milk that is free of antibiotics and other chemicals and contains omega-3 fatty acids and vital antioxidants, is positively influencing the market growth. In addition, the Government of India is undertaking various initiatives to improve cattle productivity, increase milk production, and provide greater market access to rural farmers. Furthermore, the rising disposable incomes of consumers, the introduction of lactose- and fat-free milk variants, and the easy product availability in hypermarkets, supermarkets, and specialty and grocery stores are some of the other factors creating a favorable market outlook across the country. Looking forward, IMARC Group expects the market value to reach INR 28,007.9 Billion by 2032, exhibiting a CAGR of 13.4% during the forecast period (2024-2032).

Market Summary:

On the geographical front, the market has been segmented into Maharashtra, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, West Bengal, Bihar, Delhi, Kerala, Punjab, Orissa, and Haryana. At present, Maharashtra exhibits a clear dominance in the market.
The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	INR Billion, Million Litres
States Covered	Maharashtra, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, West Bengal, Bihar, Delhi, Kerala, Punjab, Orissa, Haryana
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3999 Five User License: US$ 4999 Corporate License: US$ 5999
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Liquid Milk Market in India to Reach INR 28,007.9 Billion by 2032, Impelled by Increasing Population

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