According to the latest report by IMARC Group, titled “Dairy Industry in Bihar: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,”the Bihar dairy market size reached 5.6 Million Tons in 2022. Looking forward, the market is expected to reach 7.2 Million Tons by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Dairy Industry in Bihar Definition and Application:
Dairy refers to products manufactured using milk and substances derived from milk. It comprises a wide variety of products, such as yogurt, ghee, curd, lassi, skimmed milk powder, butter, cheese, ice cream, and spreadable fats. It is affordable, safe to consume, enhances the flavor of food, and a rich source of calcium, protein, vitamin D, potassium, and phosphorus. It assists in weight management, improving the digestive system, enhancing eye vision, and strengthening muscles, nerves, teeth, skin, and bones. As it also benefits in reducing the risk of type 2 diabetes, osteoporosis, obesity, hypertension, and colorectal cancer, the demand for dairy is rising in Bihar.
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Bihar Dairy Market Trends and Drivers:
At present, the increasing milk production represents one of the primary factors propelling the market growth in Bihar. In addition, the state government is encouraging the production of dairy by offering various schemes, incentives, and subsidies for dairy farming and constructing milk processing plants, which is offering a positive market outlook. Apart from this, the wide availability of dairy products, along with the presence of modern dairy processing facilities and distribution networks, is contributing to the market growth. Moreover, various benefits offered by dairy products, such as the reduced risk of cardiovascular diseases, enhanced bones, and maintained blood pressure, are bolstering the growth of the market in the state.
Bihar Dairy Market 2023-2028 Analysis and Segmentation:
The report has segmented the market on the basis on product type.
Based on the product type
- Liquid milk
- Ghee
- Curd
- Paneer
- Ice-cream
- Table butter
- Skimmed milk powder
- Frozen/flavoured yoghurt
- Fresh cream
- Lassi
- Butter milk
- Cheese
- Flavoured milk
- UHT milk
- Dairy whitener
- Sweet condensed milk
- Infant food
- Malt based beverages
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Sudha
- Anuj Dairy
- Ganga Dairy
- Amul
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