Indian yogurt is expected to exhibit a rapid CAGR of 5.8% during the forecast period (2020-2026). Increasing disposable income, growing economy, urbanization, and heavy investments in the day sector are all contributing factors for the growth of the Indian yogurt market. The yogurt market in India remained highly competitive in tension with traditional Indian dishes, like curd, mishti doi, and shrikhand. The majority of Indians are more vulnerable to buying these customary products over yogurt, resulting in slower growth of the market during the initial years of the review period.
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Further, the high-risk of catching COVID-19 and the health implications have forced the government to imply a lockdown, which caused a severe disruption in the flow of the sales. The conventional groceries have been forced to shut off their operations for a brief period, under the obligatory regulations, which has resulted in a declined sale of yogurt in the country. However, India is predominantly a dairy consuming country and the sales of yogurt continued through unorganized retailing (local Kirana shops). Correspondingly, the yogurt market in India is majorly dominated by unorganized retailing as a large number of individuals are still short of resources and lives in rural areas, where the availability of yogurt is nearly through unorganized retailing.
Market Coverage
· The market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- by Product Type, Category, and Distribution Channel
· Country Covered- India
· Competitive Landscape- Amul (Gujarat Cooperative Milk Marketing Federation, Ltd.), Britannia Industries, Ltd., Mother Dairy Fruit & Vegetable Pvt. Ltd., Nestle S.A., Parag Milk Foods, Ltd., and Yakult Honsha Co., Ltd.
Key questions addressed by the report
· What is the market growth rate?
· Which segment dominates the market in the base year?
· Which segment will project the fastest growth in the market?
· How COVID-19 impacted the market?
· Recovery Timeline
· Deviation from the pre-COVID-19 forecast
· Most affected region/segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of Indian Yogurt Market is Available at: https://www.omrglobal.com/industry-reports/indian-yogurt-market
Indian Yogurt Market Report Segment
By Product Type
· Dairy-based
· Non-dairy-based
By Category
· Flavoured
· Non-flavoured
By Distribution Channel
· Convenience Stores
· Supermarkets/Hypermarkets
· Online Stores
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
