According to the latest report by IMARC Group, titled “Dairy Industry in Madhya Pradesh: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” 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.
Milk represents a rich source of essential nutrients required by the body, including calcium, potassium, vitamins A and D, magnesium, zinc, carbohydrates, proteins, etc. It helps in strengthening bones, improving metabolism, lowering risks of heart diseases, building immunity against numerous diseases, etc. Some of the common dairy products, such as cheese, cream, ghee, butter, yogurt, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Madhya Pradesh Dairy Market Trends:
Elevating public health consciousness and improving living standards of individuals are some of the key factors driving the dairy market in Madhya Pradesh. This, along with the inflating disposable income levels of consumers, arealso contributing to the rising demand for premium dairy products. Moreover, the regional government is introducing various schemes and initiatives to develop the dairy sector in the state. Additionally, the evolution of the dairy industry from an unorganized to a comparatively organized sector is also positively influencing the market. Furthermore, the rising private participation in the market and the increasing availability of several value-added products, such as yogurt, cheese, probiotic drinks, etc., are catalyzing the market growth. Besides this, numerous technological advancements to extend the shelf life of liquid milk, along with the expansion of the food retail sector, are further expected to create a positive outlook for the Madhya Pradesh dairy market in the coming years.
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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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