According to the latest report by IMARC Group, titled “Dairy Industry in Madhya Pradesh: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution,” The Madhya Pradesh dairy market exhibited strong growth during 2015-2020 and expects the Madhya Pradesh dairy market to grow at a CAGR of more than 15% during 2021-2026.
Dairy refers to a business enterprise that generally deals with the processing and harvesting of animal milk for human consumption. In addition to this, dairy products offer a rich source of several nutrients, including antioxidants, vitamins, omega-3 fatty acids, calcium, proteins, zinc, magnesium, etc. They aid in supporting body growth, maintaining strong bones, building and repairing muscle tissues, regulating blood pressure, etc. The dairy industry encompasses the processing and harvesting of milk for the production of various dairy items, such as cheese, butter, ice cream, yogurt, etc. Some of the techniques used for processing include dehydration and heat treatment. Furthermore, these approaches help in extending the shelf life, thereby ensuring the safety of the end product for human consumption.
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Madhya Pradesh Dairy Market Trends:
The expanding food and beverage (F&B) industry is augmenting the adoption of milk-based ingredients, which is primarily driving the Madhya Pradesh dairy market. Additionally, the development of fast-food chains and the rising consumer inclination towards organic products are further catalyzing the market growth. Besides this, the escalating demand for dairy products, such as ghee, buttermilk, paneer cheese, condensed milk, etc., in traditional recipes is acting as another significant growth-inducing factor. Moreover, the growing investments in R&D activities to enhance fodder and feed availability, as well as milk procurement network, and promote dairy farming practices are propelling the market growth across the country. Apart from this, the development of advanced technologies in the production and distribution process and continuous improvements in retail facilities and cold chain logistics are anticipated to fuel the Madhya Pradesh dairy market over the forecasted period.
Madhya Pradesh Dairy Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
GCMMF (Amul), MPCDF (Sanchi), Anit Industries (Sourabh), Pawanshree Food International Ltd.
The report has segmented the market on the basis of product segments:
Skimmed milk powder
Sweet condensed milk
Malt based beverages
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
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