India Plant-Based Dairy Products Market Share, Growth and Report 2030
India Plant-Based Dairy Products Market Overview and Insights:
According to MarkNtel Advisors Report, the India Plant-Based Dairy Products Market size was valued at around USD 2.5 billion in 2024 and is projected to reach USD 4.9 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12% during the forecast period 2025-30.
India Plant-Based Dairy Products Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2020-23
- Base Year: 2024
- Forecast Period: 2025-2030
What are the major challenges facing the India Plant-Based Dairy Products Market?
High Costs Impeding Market Growth – The elevated costs of plant-based dairy items present a major obstacle in the Indian market, restricting their attractiveness to a wider audience. Typically, the products tend to cost more than traditional dairy options because of costly raw materials, unique manufacturing techniques, and reduced economies of scale. For instance; compared to conventional dairy milk which typically has an average cost of USD 0.67 per liter the same amount of plant-based milk costs above USD 1.18 per liter. Additionally, there is a cost for plant-based manufacturers in terms of the cost of innovation, research, and development to try and perfect the taste and texture. This price gap is most prominent in the Indian market, where affordability plays a key role in mass adoption.
Who are the Key Players Operating in the India Plant-Based Dairy Products Industry?
The top companies of the India Plant-Based Dairy Products market ruling the industry are:
- Danone S.A.
- Nestle S.A.
- ProSoya Foods
- Raw Pressery
- The Hershey Company
- Urban Platter
- Bio Nutrients (India) Pvt. Ltd.
- Califia Farms
- GoodMylk
- Pacific Foods
- Hindustan Unilever Limited
- Sofit
- Epigamia
- ALT Foods
- 1.5 Degree
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What is Included in India Plant-Based Dairy Products Market Segmentation?
The report has segmented the market into the following categories:
By Product Type
- Milk- Market Size & Forecast 2020-2030, USD Million
- Cheese- Market Size & Forecast 2020-2030, USD Million
- Butter- Market Size & Forecast 2020-2030, USD Million
- Yogurt- Market Size & Forecast 2020-2030, USD Million
- Creamers- Market Size & Forecast 2020-2030, USD Million
- Others
By Material Type
- Fruits- Market Size & Forecast 2020-2030, USD Million
- Vegetables- Market Size & Forecast 2020-2030, USD Million
- Seeds & Nuts- Market Size & Forecast 2020-2030, USD Million
- Others
By Sales Channel
- Supermarkets/Hypermarkets- Market Size & Forecast 2020-2030, USD Million
- Convenience Stores- Market Size & Forecast 2020-2030, USD Million
- Specialty Stores- Market Size & Forecast 2020-2030, USD Million
- E-commerce- Market Size & Forecast 2020-2030, USD Million
- Others
By Nature
- Organic- Market Size & Forecast 2020-2030, USD Million
- Conventional- Market Size & Forecast 2020-2030, USD Million
By Nature, the organic segment leads the India Plant-Based Dairy Products Market. It holds more than 65 % of the total market share. This is due to an increase in consumer preference towards healthier and more environmentally friendly options. Organic plant-based dairy products are more natural and free from synthetic chemicals, which are becoming a new trend in India toward clean and sustainable eating. Consumers are also willing to pay a premium for organic products, increasing the market size for this segment. Increased calls for transparency in sourcing and production increase the organic options' attractiveness, allowing them to further cement their leadership position in the plant-based dairy market.
By End Use
- Bakery & Confectionery- Market Size & Forecast 2020-2030, USD Million
- Snacks & Savouries- Market Size & Forecast 2020-2030, USD Million
- Ready Meals- Market Size & Forecast 2020-2030, USD Million
- HoReCa- Market Size & Forecast 2020-2030, USD Million
- Dietary Supplements- Market Size & Forecast 2020-2030, USD Million
- Other Food Products- Market Size & Forecast 2020-2030, USD Million
- Others
By Region
- North
- South
- East
- West
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Frequently Asked Questions (FAQs)-
- What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- How has the India Plant-Based Dairy Products industry been evolving in terms of geography & adoption?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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