The study gives an in-depth analysis of the liquid milk market landscape in India, covering the current, historical and future trends for liquid milk production along with its prices. The report also offers SWOT, Value Chain and Porter’s Five Forces analysis of the Indian liquid milk market along with breakup by segment, region, 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 Indian liquid milk market in any manner.

For each of the states, the report provides a thorough analysis of the current and historical value and volume trends, market share of key players and market forecast. Currently, Maharashtra represents the region with highest market share in the country. It is followed by Uttar Pradesh and Andhra Pradesh. The competitive landscape of the Indian liquid milk market has also been covered in this report. Some of the prominent players operating in the market include GCMMF, KMF, Mother Dairy, TN Cooperative and Rajasthan Cooperative Dairy Federation Limited.

Liquid milk is the most widely consumed dairy product in India and is considered a vital source of essential nutrients required for proper functioning of the body. A recently released report by IMARC Group, titled “Liquid Milk Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, critically examines the Indian liquid milk market. The report finds that the market grew at a CAGR of 12.8% during 2014-2019. The major factor for the growth of the liquid milk market in India is the rapidly rising population due to which the consumption levels of liquid milk have witnessed a significant growth. Increasing incomes, large vegetarian population, rising standards of living and health consciousness among the consumers have also pushed the growth of the market in a positive direction. Most of the market is currently accounted by the unorganised sector. Growth rates of the organised sector, however, is faster than the unorganised sector. Looking forward, IMARC Group expects the liquid milk market in India market to exhibit strong growth during 2020-2025.

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Indian Dairy Industry

5.1 Market Overview

5.2 Market Performance

5.3 Market by Organised and Unorganised Segment

5.4 Milk Production and Consumption Trends

5.4.1 Current and Historical Trends

5.4.2 Production and Consumption Forecast

5.5 Milk Production by State

5.6 Milk Production by Cattle

5.7 Milk Utilization Patterns in India

5.8 Market Forecast

6 Indian Liquid Milk Industry

6.1 Market Overview

6.2 Market Performance

6.2.1 Volume Trends

6.2.2 Value Trends

6.3 Price Trends

6.3.1 Milk Procurement Price Trends

6.3.2 Liquid Milk Price Trends

6.4 Market Breakup by Region

6.5 Market Forecast

6.6 SWOT Analysis

6.6.1 Overview

6.6.2 Strengths

6.6.3 Weaknesses

6.6.4 Opportunities

6.6.5 Threats

6.7 Value Chain Analysis

6.8 Porter’s Five Forces Analysis

6.8.1 Overview

6.8.2 Bargaining Power of Buyers

6.8.3 Bargaining Power of Suppliers

6.8.4 Degree of Competition

6.8.5 Threat of New Entrants

6.8.6 Threat of Substitutes

6.9 Key Success Factors and Risk Factors

7 Performance of Key Regions

7.1 Karnataka

7.1.1 Market Performance

7.1.1.1 Volume Trends

7.1.1.2 Value Trends

7.1.2 Competitive Landscape

7.1.3 Market Forecast

7.1.3.1 Volume Trends

7.1.3.2 Value Trends

7.2 Maharashtra

7.2.1 Market Performance

7.2.1.1 Volume Trends

7.2.1.2 Value Trends

7.2.2 Competitive Landscape

7.2.3 Market Forecast

7.2.3.1 Volume Trends

7.2.3.2 Value Trends

7.3 Tamil Nadu

7.3.1 Market Performance

7.3.1.1 Volume Trends

7.3.1.2 Value Trends

7.3.2 Competitive Landscape

7.3.3 Market Forecast

7.3.3.1 Volume Trends

7.3.3.2 Value Trends

7.4 Delhi

7.4.1 Market Performance

7.4.1.1 Volume Trends

7.4.1.2 Value Trends

7.4.2 Competitive Landscape

7.4.3 Market Forecast

7.4.3.1 Volume Trends

7.4.3.2 Value Trends

7.5 Gujarat

7.5.1 Market Performance

7.5.1.1 Volume Trends

7.5.1.2 Value Trends

7.5.2 Competitive Landscape

7.5.3 Market Forecast

7.5.3.1 Volume Trends

7.5.3.2 Value Trends

7.6 Andhra Pradesh and Telangana

7.6.1 Market Performance

7.6.1.1 Volume Trends

7.6.1.2 Value Trends

7.6.2 Competitive Landscape

7.6.3 Market Forecast

7.6.3.1 Volume Trends

7.6.3.2 Value Trends

7.7 Uttar Pradesh

7.7.1 Market Performance

7.7.1.1 Volume Trends

7.7.1.2 Value Trends

7.7.2 Competitive Landscape

7.7.3 Market Forecast

7.7.3.1 Volume Trends

7.7.3.2 Value Trends

7.8 West Bengal

7.8.1 Market Performance

7.8.1.1 Volume Trends

7.8.1.2 Value Trends

7.8.2 Competitive Landscape

7.8.3 Market Forecast

7.8.3.1 Volume Trends

7.8.3.2 Value Trends

7.9 Kerala

7.9.1 Market Performance

7.9.1.1 Volume Trends

7.9.1.2 Value Trends

7.9.2 Competitive Landscape

7.9.3 Market Forecast

7.9.3.1 Volume Trends

7.9.3.2 Value Trends

7.10 Haryana

7.10.1 Market Performance

7.10.1.1 Volume Trends

7.10.1.2 Value Trends

7.10.2 Competitive Landscape

7.10.3 Market Forecast

7.10.3.1 Volume Trends

7.10.3.2 Value Trends

7.11 Punjab

7.11.1 Market Performance

7.11.1.1 Volume Trends

7.11.1.2 Value Trends

7.11.2 Competitive Landscape

7.11.3 Market Forecast

7.11.3.1 Volume Trends

7.11.3.2 Value Trends

7.12 Rajasthan

7.12.1 Market Performance

7.12.1.1 Volume Trends

7.12.1.2 Value Trends

7.12.2 Competitive Landscape

7.12.3 Market Forecast

7.12.3.1 Volume Trends

7.12.3.2 Value Trends

7.13 Madhya Pradesh

7.13.1 Market Performance

7.13.1.1 Volume Trends

7.13.1.2 Value Trends

7.13.2 Competitive Landscape

7.13.3 Market Forecast

7.13.3.1 Volume Trends

7.13.3.2 Value Trends

7.14 Bihar

7.14.1 Market Performance

7.14.1.1 Volume Trends

7.14.1.2 Value Trends

7.14.2 Competitive Landscape

7.14.3 Market Forecast

7.14.3.1 Volume Trends

7.14.3.2 Value Trends

7.15 Orissa

7.15.1 Market Performance

7.15.1.1 Volume Trends

7.15.1.2 Value Trends

7.15.2 Competitive Landscape

7.15.3 Market Forecast

7.15.3.1 Volume Trends

7.15.3.2 Value Trends

8 Competitive Landscape

8.1 Competitive Structure

8.2 Market Share of Key Players

9 Liquid Milk Manufacturing Process

9.1 Product Overview

9.2 Detailed Process Flow

9.3 Various Types of Unit Operations Involved

9.4 Mass Balance and Raw Material Requirements

10 Project Details, Requirements and Costs Involved

10.1 Land Requirements and Expenditures

10.2 Construction Requirements and Expenditures

10.3 Plant Machinery

10.4 Machinery Pictures

10.5 Raw Material Requirements and Expenditures

10.6 Raw Material and Final Product Pictures

10.7 Packaging Requirements and Expenditures

10.8 Transportation Requirements and Expenditures

10.9 Utility Requirements and Expenditures

10.10 Manpower Requirements and Expenditures

10.11 Other Capital Investments

11 Loans and Financial Assistance

12 Project Economics

12.1 Capital Cost of the Project

12.2 Techno-Economic Parameters

12.3 Product Pricing and Margins Across Various Levels of the Supply Chain

12.4 Taxation and Depreciation

12.5 Income Projections

12.6 Expenditure Projections

12.7 Financial Analysis

12.8 Profit Analysis

13 Key Player Profiles

List of Figures

Figure 1: India: Dairy Industry Overview

Figure 2: India: Dairy Market (in Billion INR), 2014-2019

Figure 3: India: Dairy Market: Breakup by Segment (in %), 2019

Figure 4: India: Dairy Market: Total Milk Production (in Million Metric Tons), 2014-2019

Figure 5: India: Dairy Market: Total Milk Consumption (in Million Metric Tons), 2014-2019

Figure 6: India: Dairy Market: Total Milk Production Forecast (in Million Metric Tons), 2014-2019

Figure 7: India: Dairy Market: Total Milk Consumption Forecast (in Million Metric Tons), 2014-2019

Figure 8: India: Milk Utilisation Patterns

Figure 9: India: Dairy Market Forecast (in Billion INR), 2020-2025

Figure 10: India: Liquid Milk Industry Overview

Figure 11: India: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 12: India: Liquid Milk Market: Value Trends (in Billion INR), 2014-2019

Figure 13: India: Milk Market: Procurement Price Trends (in INR/Litre), 2014-2019

Figure 14: India: Liquid Milk Market: Retail Price Trends (in INR/Litre), 2014-2019

Figure 15: India: Liquid Milk Market: Breakup by Region (in %), 2019

Figure 16: India: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 17: India: Liquid Milk Market Forecast: Value Trends (in Billion INR), 2020-2025

Figure 18: India: Liquid Milk Industry: SWOT Analysis

Figure 19: India: Liquid Milk Industry: Value Chain Analysis

Figure 20: India: Liquid Milk Industry: Porter’s Five Forces Analysis

Figure 21: Karnataka: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 22: Karnataka: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 23: Karnataka: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 24: Karnataka: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 25: Karnataka: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 26: Maharashtra: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 27: Maharashtra: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 28: Maharashtra: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 29: Maharashtra: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 30: Maharashtra: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 31: Tamil Nadu: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 32: Tamil Nadu: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 33: Tamil Nadu: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 34: Tamil Nadu: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 35: Tamil Nadu: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 36: Delhi: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 37: Delhi: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 38: Delhi: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 39: Delhi: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 40: Delhi: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 41: Gujarat: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 42: Gujarat: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 43: Gujarat: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 44: Gujarat: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 45: Gujarat: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 46: Andhra Pradesh and Telangana: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 47: Andhra Pradesh and Telangana: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 48: Andhra Pradesh and Telangana: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 49: Andhra Pradesh and Telangana: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 50: Andhra Pradesh and Telangana: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 51: Uttar Pradesh: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 52: Uttar Pradesh: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 53: Uttar Pradesh: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 54: Uttar Pradesh: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 55: Uttar Pradesh: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 56: West Bengal: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 57: West Bengal: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 58: West Bengal: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 59: West Bengal: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 60: West Bengal: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 61: Kerala: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 62: Kerala: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 63: Kerala: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 64: Kerala: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 65: Kerala: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 66: Haryana: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 67: Haryana: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 68: Haryana: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 69: Haryana: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 70: Haryana: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 71: Punjab: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 72: Punjab: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 73: Punjab: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 74: Punjab: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 75: Punjab: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 76: Rajasthan: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 77: Rajasthan: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 78: Rajasthan: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 79: Rajasthan: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 80: Rajasthan: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 81: Madhya Pradesh: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 82: Madhya Pradesh: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 83: Madhya Pradesh: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 84: Madhya Pradesh: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 85: Madhya Pradesh: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 86: Bihar: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 87: Bihar: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 88: Bihar: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 89: Bihar: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 90: Bihar: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 91: Orissa: Liquid Milk Market: Volume Trends (in Million Litres), 2014-2019

Figure 92: Orissa: Liquid Milk Market: Value Trends (in Million INR), 2014-2019

Figure 93: Orissa: Liquid Milk Market: Breakup of Key Players (in %), 2019

Figure 94: Orissa: Liquid Milk Market Forecast: Volume Trends (in Million Litres), 2020-2025

Figure 95: Orissa: Liquid Milk Market Forecast: Value Trends (in Million INR), 2020-2025

Figure 96: India: Liquid Milk Market: Breakup of Key Players, 2019

Figure 97: Liquid Milk Manufacturing Plant: Detailed Process Flow

Figure 98: Liquid Milk Manufacturing Process: Conversion Rate of Products

Figure 99: Liquid Milk Manufacturing Plant: Breakup of Capital Costs (in %)

Figure 100: Liquid Milk Industry: Profit Margins at Various Levels of the Supply Chain

Figure 101: Liquid Milk Production: Manufacturing Cost Breakup (in %)



List of Tables

Table 1: India: Dairy Market: Key Industry Highlights, 2019 and 2025

Table 2: India: Dairy Market: Milk Production Breakup by State, 2014-2019

Table 3: India: Dairy Market: Milk Production Breakup by Cattle, 2014-2019

Table 4: India: Liquid Milk Market Forecast: Breakup by Region, 2020-2025

Table 5: India: Liquid Milk Market Forecast: Breakup by End-Use, 2020-2025

Table 6: Liquid Milk Manufacturing Plant: Costs Related to Land and Site Development (in INR)

Table 7: Liquid Milk Manufacturing Plant: Costs Related to Civil Works (in INR)

Table 8: Liquid Milk Manufacturing Plant: Costs Related to Machinery (in INR)

Table 9: Liquid Milk Manufacturing Plant: Raw Material Requirements

Table 10: Liquid Milk Manufacturing Plant: Costs Related to Salaries and Wages (in INR)

Table 11: Liquid Milk Manufacturing Plant: Costs Related to Other Capital Investments (in INR)

Table 12: Details of Financial Assistance Offered by Financial Institutions

Table 13: Liquid Milk Manufacturing Plant: Capital Costs (in INR)

Table 14: Liquid Milk Manufacturing Plant: Techno-Economic Parameters

Table 15: Liquid Milk Manufacturing Plant: Taxation and Depreciation

Table 16: Liquid Milk Manufacturing Plant: Income Projections (in INR)

Table 17: Liquid Milk Manufacturing Plant: Expenditure Projections (in INR)

Table 18: Liquid Milk Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability

Table 19: Liquid Milk Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability

Table 20: Liquid Milk Manufacturing Plant: Profit and Loss Account