Rising awareness towards healthy lifestyle products coupled
with increasing health consciousness to drive India dairy alternative market
through 2024
According to TechSci Research
report, “India Dairy Alternative Market By Type, By Formulation Type, By Distribution Channel, Competition,
Forecast & Opportunities, 2024”, India dairy alternative market is projected to grow at a CAGR of over 20%
during 2019-2024, on the back of increasing participation of the young
population in sports and fitness activities and rising inclination towards low
fat milk beverages. Moreover, increasing demand for alternatives to carbonated
beverages is further expected to have a positive impact on India dairy
alternative market during the forecast period. Some of the leading players in India
dairy alternative market are Hershey India Private Limited, Life Health Foods
(India) Private Limited, Rakyan Beverages Private Limited, Dabur India Ltd., Tilda
Hain Celestial, etc.
Browse market data Tables and Figures
spread through Pages and an in-depth TOC on " India Dairy Alternative Market "
By distribution channel, India dairy alternative market
has been categorized into supermarket/hypermarket, grocery/convenience store, online
and others. The grocery/convenience store accounted for majority share of
around 64% in India dairy alternatives market in 2018. Online sales
channel is witnessing a healthy growth, owing to growing popularity of the
e-commerce market. Among regions, North India dominates India dairy alternative
market and is expected to maintain its position during forecast period as well.
The demand for dairy alternatives in the North region is being driven by
the availability of several options in the category as well as robust
distribution channel of the major players in the market.
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“Grocery/Convenience Store is
the most popular sales channel in India dairy alternative market and is
anticipated to maintain its position in the coming years as well. However,
Supermarket/Hypermarket is expected to exhibit the fastest growth during
forecast period on account of rising preference for the sales channel among
urban population and availability of a variety of options under one roof.” said
Mr. Karan Chechi Research Director with TechSci Research, a research based
global management consulting firm.
“India Dairy Alternative
Market By Type, By Formulation Type, By Distribution Channel, Competition,
Forecast & Opportunities, 2024” has evaluated the future
growth potential of India dairy alternative market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in India dairy alternative market.
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