India Yogurt Market is expected to be driven by young consumers, and increasing reach and offerings by online e-commerce companies in India.
According to TechSci Research report, “India Yogurt Market, By Type (Non-Flavored, Flavored), By Fat Content, (Regular, Low Fat, Fat-Free), By Form (Conventional Yogurt, Set Yogurt, Greek Yogurt, Frozen Yogurt, Yogurt Drinks and Others), By Packaging (Pouches, Plastic Bottles, Tetra Packs and Others), By Distribution Channel (Convenience Stores, Independent Small Grocers, Supermarket/Hypermarket, Online Channel), By Region, Competition, Forecast & Opportunities, FY2026”,India’s Yogurt Market is expected to reach around USD922 million and show an impressive CAGR of double-digits during the forecast period. Yogurt Market in India is majorly driven by the influence of western culture and increasing awareness about the health benefits of yogurt. Furthermore, Indians are now able to understand the difference between the yogurt and curd, and they are including yogurt in their regular diet. However, there are some challenges faced by the Indian Yogurt Market, such as more consumption of curd in comparison to yogurt, as it is generally homemade. The leading dairy companies in India mostly offer curd and its variants as per the taste of Indian consumers and have also started offering various variants in the yogurt segment. Furthermore, increasing product offerings by the famous brands is also attracting consumers to the market. Moreover, availability of various fruit flavors such as strawberry, mango, kiwi, cherry is attracting consumers and they are taking yogurt as a healthy and tasty, and better alternative in comparison to the basic curd. Additionally, increasing population and urbanization is expected to further lead the yogurt market in India in the forecast period.
Browse 26 Figures spread through 70 Pages and an in-depth TOC on “India Yogurt Market”
Some of the leading companies operating in the India Yogurt Market include Nestlé India Limited, Gujarat Co-operative Milk Marketing Federation Limited, Mother Dairy Fruit & Vegetable Private Limited, Drums Food International Private Limited, Britannia Industries Limited, Cocoberry Retail Pvt. Ltd., Heritage Novandie Foods Private Limited, Red Mango FC, LLC including other local and international brands. Leading players are also focusing on expanding their product portfolio in India to attract the consumers and also on providing local, international, and exotic flavors in the yogurt segment. This product expansion is anticipated to drive additional growth in the yogurt market in India in the forecast period.
Based on the type, India Yogurt Market is segmented into flavored and non-flavored yogurt types. In the base year, FY2020 non-flavored type yogurt captured the largest market share in India Yogurt Market with an approximate 53.49% market share, due to taste adaptability for natural flavored yogurt among Indian consumers. However, flavored yogurt segment will be the fastest-growing segment in the forecast period due to the widening consumer demands for different yogurt flavors and enhanced products offerings by the domestic and global players.
India Yogurt Market on basis of fat content is differentiated into three segments including regular, low fat, fat-free yogurt. In the base year, FY2020 regular type yogurt held the largest market share of 61.90%, due to its low cost, in comparison to the low fat and fat-free yogurt. However, low fat and fat-free yogurt segment is growing with the very high CAGR and is likely to maintain the same in the forecast period as well due to increasing influence of friends, peers and sometimes celebrities. Additionally, low fat and fat-free yogurt are highly chosen by the consumers who are fitness conscious and are relatively young.
Also, based on the form, the India Yogurt Market is segmented into conventional yogurt, set yogurt, greek yogurt, frozen yogurt, yogurt drinks and others. From all the given segments in FY2020 conventional yogurt segment held the largest market share of 53.23% in the India Yogurt Market due to its low price, easy availability, and conventional taste. However, yogurt drinks and greek yogurt is getting enormously popular among Indian consumers and these segments are expected to show an increasing CAGR in the forecast period as well.
Based on the distribution channel the India Yogurt Market is segmented into convenience stores, independent small grocers, supermarket/hypermarket, online channel. The convenience stores segment held the largest market share in the Indian Yogurt Market in the base year FY2020, mainly due to the easy accessibility of convenience stores and a well-managed supply chain with the distributors. Furthermore, the online channel segment is anticipated to show an increase in CAGR in India Yogurt Market in the forecast period as well due to the increasing internet penetration and an increasing presence of online e-commerce players in the fresh dairy segment in India.
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“India Yogurt Market offers many opportunities for growth to foreign and local companies. Moreover, other factors like excellent infrastructure for the manufacturing and processing of dairy products, young consumers, increasing urbanisation, and wider product offerings by the leading companies will further drive the yogurt market in India in the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Yogurt Market , By Type (Non-Flavored, Flavored), By Fat Content, (Regular, Low Fat, Fat-Free), By Form (Conventional Yogurt, Set Yogurt, Greek Yogurt, Frozen Yogurt, Yogurt Drinks and Others), By Packaging (Pouches, Plastic Bottles, Tetra Packs and Others), By Distribution Channel (Convenience Stores, Independent Small Grocers, Supermarket/Hypermarket, Online Channel), By Region, Competition, Forecast & Opportunities, FY2026” has evaluated the future growth potential of India Yogurt Market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India Yogurt Market.
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