Flavoured Milk Market in India to Reach INR 158.6 Billion by 2028
The latest report by IMARC Group titled, “Flavoured Milk Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The flavoured milk market in India size reached INR 41.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 158.6 Billion by 2028, exhibiting a growth rate (CAGR) of 25.8% during 2023-2028.
Flavoured Milk Market in India Overview:
Flavoured milk is a type of milk that is infused with various flavors, such as chocolate, strawberry, vanilla, and others. It is a popular beverage among children and adults, providing a tasty alternative to plain milk. Flavoured milk is often fortified with vitamins and minerals to increase its nutritional value. It is available in various forms, including low-fat, non-fat, and lactose-free options. It can be purchased pre-packaged in cartons or bottles or made at home by adding flavorings such as syrups or powders to plain milk.
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Top Companies in Indian Flavoured Milk Market:
- GCMMF
- Mother Dairy
- KMF
- CavinKare
- TN Cooperative.
Flavoured Milk Market in India Demand:
The market in India is primarily driven by the increasing demand for healthy and tasty beverages. In line with this, the rising awareness of the nutritional benefits of milk is significantly contributing to the market. Furthermore, the growing popularity of chocolate-flavoured milk among children and adults is favoring the market. Apart from this, the escalating demand for healthy alternatives for carbonated drinks and other ready-to-drink items is catalyzing the market. Moreover, the increasing product demand with enhanced micronutrients is propelling the market. Moreover, the rising health consciousness among consumers and the introduction of organic flavoured milk variants with low-calorie sweeteners are strengthening the market. Additionally, the rapid urbanization and inflating disposable incomes of consumers are providing a boost to the market.
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The report has examined the Indian Flavoured Milk Market in 15 major states:
- Maharashtra
- Uttar Pradesh
- Andhra Pradesh and Telangana
- Tamil Nadu
- Gujarat
- Rajasthan
- Karnataka
- Madhya Pradesh
- West Bengal
- Bihar
- Delhi
- Kerala
- Punjab
- Orissa
- Haryana
Key highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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