IMARC Group, a leading market research company, has recently releases report titled “Dairy Industry in Madhya Pradesh: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution.” The study provides a detailed analysis of the industry, including the Madhya Pradesh dairy market size, share, 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 Madhya Pradesh dairy market?
According to the report, the Madhya Pradesh dairy market size reached INR 975.3 Billion in 2022. Looking forward, IMARC Group expects the Madhya Pradesh dairy market to reach INR 2,299.3 Billion by 2028, exhibiting a growth rate (CAGR) of 15.37% during 2023-2028.
What is dairy?
Dairy refers to a broad category of products derived from milk, typically produced by mammals such as cows, goats, and sheep. It includes various food items such as milk, cheese, butter, yogurt, and ice cream. These products are widely consumed worldwide and provide a significant source of essential nutrients like calcium, protein, and vitamins. Dairy products can be consumed in various forms and are used in cooking, baking, and as standalone snacks. However, some individuals may be lactose intolerant or choose to follow a vegan lifestyle, opting for alternative non-dairy options made from plants like soy, almond, or coconut.
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What are the growth prospects and trends in the Madhya Pradesh dairy industry?
The dairy industry in Madhya Pradesh has promising growth prospects and is witnessing several notable trends. The state’s favorable agro-climatic conditions, abundant availability of fodder, and increasing demand for dairy products are contributing to its expansion. The government’s initiatives to promote dairy farming, improve breed quality, and enhance milk productivity are also bolstering the sector’s growth. Additionally, the rising income levels and changing consumer preferences are driving the demand for value-added dairy products like flavored milk, yogurts, and cheese.
Furthermore, the adoption of modern technology and practices, such as artificial insemination, improved cattle nutrition, and efficient milk processing techniques, is enhancing productivity and quality. The establishment of dairy cooperatives, milk processing units, and cold chains is also facilitating market access and reducing post-harvest losses. These factors collectively indicate a positive outlook for the dairy industry in Madhya Pradesh.
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
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