Dairy Industry in West Bengal to Reach INR 2,429.9 Billion by 2032, Propelled the Rising Demand for Numerous Dairy Products

August 21, 2023 | Food & Beverages

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The latest report by IMARC Group, titled “Dairy Industry in West Bengal: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution,” finds that the dairy Industry in West Bengal size reached INR 788.6 Billion in 2023. The dairy industry primarily focuses on producing and processing milk and milk-derived products. It is essential in the food economy, supplying various essential dairy products to consumers. The industry encompasses various activities, including dairy farming, milk collection, transportation, processing, and distribution. Dairy farming forms the foundation of the industry, where cows, goats, and other mammals are raised to produce milk. The animals are carefully managed to ensure optimal health and productivity, as milk is the primary commodity collected from farms and transported to dairy processing plants. They undergo several steps to transform them into various dairy products at processing plants. These may include pasteurization to eliminate harmful bacteria, homogenization to prevent cream separation, and separation to extract cream for specific products. The final dairy products are liquid milk, butter, cheese, yogurt, ice cream, and other milk derivatives. Additionally, dairy is essential for nutrition, as dairy products are rich sources of necessary nutrients including calcium, protein, vitamins, and minerals.

West Bengal Dairy Industry Trends:

The market is primarily driven by the increasing food and beverage (F&B) sector. In addition, the increasing consumer preference for nutritious and wholesome dairy products that offer essential nutrients, including proteins, vitamins, and minerals, is influencing the market growth. In line with this, dairy products including milk, yogurt, and cheese are rich sources of these vital nutrients, making them a preferred choice for consumers looking to maintain a balanced diet, augmenting the market growth. Additionally, rapid urbanization, the growing population, and rising disposable income is escalating the demand for dairy products. Moreover, the dairy industry is experiencing a transformation in its production processes and technology adoption, representing another major growth-inducing factor. Also, several advancements in dairy farming practices, including automation and precision agriculture, led to increased milk yields, improved quality control, and cost efficiency, resulting in dairy businesses optimizing their operations, reducing production costs, and ensuring the consistent supply of high-quality dairy products to meet market demand. Besides this, the increasing shift toward sustainable and eco-friendly practices due to environmentally conscious consumers led many dairy companies to focus on sustainable sourcing, energy-efficient production, and environmentally friendly packaging solutions, thus accelerating market growth. Also, the rising popularity of specialty dairy products such as organic milk, artisan cheeses, and gourmet yogurts is providing a positive thrust to the market growth. Apart from this, dairy products are easily exported and imported across borders, allowing them to reach consumers in different regions, thus providing lucrative growth opportunities for key players. Furthermore, innovations in packaging materials and designs have extended the shelf life of dairy products, ensuring their freshness and quality for a more extended period, and the increasing popularity of online retail and e-commerce platforms are creating a positive market outlook across West Bengal. Looking forward, IMARC Group expects the market value to reach INR 2,429.9 Billion by 2032, exhibiting a CAGR of 12.9% during the forecast period (2024-2032).

Market Summary:

Based on the product type, the market has been classified into liquid milk, ghee, curd, paneer, ice cream, table butter, skimmed milk powder, frozen/flavoured yoghurt, fresh cream, lassi, buttermilk, cheese, flavoured milk, UHT milk, dairy whitener, sweet condensed milk, infant food, and malt-based beverages.
The competitive landscape of the industry has also been examined in the report, along with some of the profiles of the key players being GCMMF (Amul), Mother Dairy (WBCMPF), Metro Dairy Ltd., Red crow Dairy, etc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	INR Billion, Million Tons
Product Types Covered	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, Malt Based Beverages
Companies Covered	GCMMF (Amul), Mother Dairy (WBCMPF), Metro Dairy Ltd. and Red crow Dairy
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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Dairy Industry in West Bengal to Reach INR 2,429.9 Billion by 2032, Propelled the Rising Demand for Numerous Dairy Products

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