Product Code: ETC4540885 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India dairy blends market import shipment experienced a significant decline with a CAGR of -20.7% from 2020 to 2024. The growth rate between 2023 and 2024 further decreased by -27.8%, indicating a continued slowdown in market expansion. The trend suggests a notable loss in momentum and overall contraction in the market during the period analyzed.
The India dairy blends market is expanding as consumers explore versatile dairy-based ingredients with extended shelf life and cost-effective properties. Dairy blends, which combine milk solids, vegetable oils, and other components, are used in various food applications, including bakery, confectionery, and beverages. The market`s growth is driven by the increasing demand for convenient and affordable dairy solutions in food production. Dairy blends offer manufacturers flexibility and customization in formulations while maintaining the sensory attributes of dairy, making them an integral part of the India food processing industry.
The India dairy blends market is primarily driven by the increasing demand for cost-effective alternatives to traditional dairy products. Dairy blends, which combine dairy and non-dairy components, offer a more affordable option without compromising on taste and texture. Additionally, the growing awareness of lactose intolerance and milk allergies is fueling the demand for lactose-free and dairy-free products, where dairy blends play a crucial role. The convenience of dairy blends in various applications, such as bakery, confectionery, and beverages, is another significant driver. As the India population continues to grow and urbanize, the demand for dairy blends is expected to rise due to their versatility and cost-efficiency.
The dairy blends market in India encounters challenges related to sourcing, quality control, and addressing the diverse needs of the food and beverage industry. Sourcing dairy ingredients and blends while ensuring consistency in flavor, texture, and functionality can be challenging. Quality control and safety in dairy blend production, given the potential risks associated with dairy products, are essential. Meeting the specific requirements of food manufacturers and addressing cost considerations in product development are ongoing challenges in this sector. Additionally, the market must adapt to changing dietary preferences and the need for clean-label and healthy alternatives.
The dairy blends market in India, like other dairy products, might have experienced fluctuations in demand and supply. The pandemic could have affected the consumption patterns of dairy blends in the country.
In the India dairy blends market, key players such as Kerry Ingredients India Pvt. Ltd., FrieslandCampina India, and V.V.V. & Sons Edible Oils Ltd. are prominent. These companies provide dairy blends used in various food applications. Their focus on product diversity and meeting consumer demands has shaped the market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Dairy Blends Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Dairy Blends Market Revenues & Volume, 2021 & 2031F |
3.3 India Dairy Blends Market - Industry Life Cycle |
3.4 India Dairy Blends Market - Porter's Five Forces |
3.5 India Dairy Blends Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India Dairy Blends Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 India Dairy Blends Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 India Dairy Blends Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about health benefits of dairy blends |
4.2.2 Growing demand for convenient and ready-to-use dairy products |
4.2.3 Rising disposable income leading to higher spending on premium dairy blends |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as milk and fats |
4.3.2 Intense competition from traditional dairy products |
4.3.3 Regulatory challenges in terms of labeling and quality standards |
5 India Dairy Blends Market Trends |
6 India Dairy Blends Market, By Types |
6.1 India Dairy Blends Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Dairy Blends Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Dairy Blends Market Revenues & Volume, By Ice Cream, 2021-2031F |
6.1.4 India Dairy Blends Market Revenues & Volume, By Yogurt, 2021-2031F |
6.1.5 India Dairy Blends Market Revenues & Volume, By Infant Formula, 2021-2031F |
6.1.6 India Dairy Blends Market Revenues & Volume, By Bakery Products, 2021-2031F |
6.1.7 India Dairy Blends Market Revenues & Volume, By Feed, 2021-2031F |
6.1.8 India Dairy Blends Market Revenues & Volume, By Butter & Cheese Blends, 2021-2031F |
6.2 India Dairy Blends Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 India Dairy Blends Market Revenues & Volume, By Spreadable, 2021-2031F |
6.2.3 India Dairy Blends Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.4 India Dairy Blends Market Revenues & Volume, By Powder, 2021-2031F |
6.3 India Dairy Blends Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 India Dairy Blends Market Revenues & Volume, By Dairy Mixtures, 2021-2031F |
6.3.3 India Dairy Blends Market Revenues & Volume, By Dairy/Non-dairy ingredients, 2021-2031F |
6.3.4 India Dairy Blends Market Revenues & Volume, By Dairy as functional ingredient, 2021-2031F |
6.3.5 India Dairy Blends Market Revenues & Volume, By Dairy as carrier, 2021-2031F |
6.3.6 India Dairy Blends Market Revenues & Volume, By Others, 2021-2031F |
7 India Dairy Blends Market Import-Export Trade Statistics |
7.1 India Dairy Blends Market Export to Major Countries |
7.2 India Dairy Blends Market Imports from Major Countries |
8 India Dairy Blends Market Key Performance Indicators |
8.1 Consumer satisfaction scores based on taste and texture of dairy blends |
8.2 Repeat purchase rates from existing customers |
8.3 Market penetration in tier 2 and tier 3 cities |
8.4 Innovation rate in terms of new product development and packaging designs |
9 India Dairy Blends Market - Opportunity Assessment |
9.1 India Dairy Blends Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India Dairy Blends Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 India Dairy Blends Market Opportunity Assessment, By Type, 2021 & 2031F |
10 India Dairy Blends Market - Competitive Landscape |
10.1 India Dairy Blends Market Revenue Share, By Companies, 2024 |
10.2 India Dairy Blends Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |