IMARC Group’s latest report, titled “Dairy Industry in Uttar Pradesh: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution”, offers an in-depth analysis of the Uttar Pradesh dairy market.
In 2017, the milk production in Uttar Pradesh reached a volume of XX Billion Litres, growing at a CAGR of XX% during 2010-2017. The state currently represents the second largest dairy market in India.
The milk production in Uttar Pradesh mainly consists of cow and buffalo milk. The report’s analysis concludes that buffalo milk dominates the total milk production, accounting for around 73% of the total share.
According to the report, the Uttar Pradesh dairy market is further expected to grow at a CAGR of around XX% during 2018-2023, reaching a volume of XX Billion Litres by 2023.
Based on the product type, this report has categorized the Uttar Pradesh dairy market into 18 major product segments:
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
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 Uttar Pradesh, accounting for around 50% 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 Uttar Pradesh’s dairy market has also been examined in this report. Some of the major players include Amul (Gujarat Co-operative Milk Marketing Federation Ltd), Mother Dairy Fruit & Vegetable Pvt Ltd, Parag (Pradeshik Cooperative Dairy Federation Ltd), Madhusudan (SMC Foods Ltd) and Ananda Group.
The study provides a detailed evaluation of the dairy market landscape in Uttar Pradesh, 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 Uttar Pradesh 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. 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 Uttar Pradesh dairy market in any manner.