IMARC Group, a leading market research company, has recently releases report titled “Dairy Industry in Bihar: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the dairy industry in Bihar share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the dairy industry in the Bihar market?
The dairy industry in Bihar reached 5.6 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 7.2 Million Tons by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
What is the dairy industry in Bihar?
Dairy refers to products manufactured using milk and substances derived from milk. It comprises a wide variety of products, such as yogurt, ghee, curd, lassi, skimmed milk powder, butter, cheese, ice cream, and spreadable fats. It is affordable, safe to consume, enhances the flavor of food, and a rich source of calcium, protein, vitamin D, potassium, and phosphorus. It assists in weight management, improving the digestive system, enhancing eye vision, and strengthening muscles, nerves, teeth, skin, and bones. As it also benefits in reducing the risk of type 2 diabetes, osteoporosis, obesity, hypertension, and colorectal cancer, the demand for dairy is rising in Bihar.
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What are the growth prospects and trends in the dairy industry in the Bihar industry?
At present, the increasing milk production represents one of the primary factors propelling the market growth in Bihar. In addition, the state government is encouraging the production of dairy by offering various schemes, incentives, and subsidies for dairy farming and constructing milk processing plants, which is offering a positive market outlook. Apart from this, the wide availability of dairy products, along with the presence of modern dairy processing facilities and distribution networks, is contributing to the market growth. Moreover, various benefits offered by dairy products, such as the reduced risk of cardiovascular diseases, enhanced bones, and maintained blood pressure, are bolstering the growth of the market in the state.
What is included in market segmentation?
The report has segmented the market into the following categories:
Based on the product type
- 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
Who are the key players operating in the industry?
The report covers the major market players including:
- Sudha
- Anuj Dairy
- Ganga Dairy
- Amul
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