India Dairy Alternatives Market Size, Share, Growth, Forecast, Report 2024-2032

(MENAFN- IMARC Group)

The latest report by IMARC Group, titled“ India Dairy Alternatives Market Report by Source (Almond, Soy, Oats, Hemp, Coconut, Rice, and Others), Formulation (Plain, Flavored), Nutrient (Protein, Starch, Vitamin, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others), Product Type (Cheese, Creamers, Yogurt, Ice Creams, Milk, and Others), and Region 2024-2032 ” Offers a comprehensive analysis of the industry, which comprises insights on the market. India dairy alternatives market size is projected to exhibit a growth rate (CAGR) of XX% during ​2024-2032​.

Factors Affecting the Growth of India Dairy Alternatives Industry:

• Changing Consumer Preferences:

As consumers become more health-conscious and environmentally aware, there has been a notable shift in dietary preferences toward plant-based alternatives. Factors such as lactose intolerance, milk allergies, and ethical concerns regarding animal welfare have led to a growing demand for dairy-free options. Furthermore, the rise in veganism and vegetarianism among Indian consumers, driven by cultural, religious, and health reasons, has contributed to the rise in demand for dairy alternatives. Additionally, the influence of western dietary patterns and the increasing adoption of a modern lifestyle have played a significant role in popularizing dairy alternatives in India. Consumers are increasingly seeking products that offer similar taste, texture, and nutritional benefits as traditional dairy products, without the associated health risks or ethical dilemmas.

• Growing Sustainability Concerns:

Environmental sustainability is another crucial factor driving the adoption of dairy alternatives in India. Traditional dairy farming practices have been associated with various environmental challenges, including greenhouse gas emissions, water pollution, deforestation, and land degradation. In contrast, plant-based dairy alternatives generally have a lower environmental footprint, requiring fewer resources such as water and land, and emitting fewer greenhouse gases. The initiatives of the Indian Government to promote sustainable agriculture and reduce the environmental impact of food production have also encouraged the adoption of dairy alternatives. Policies supporting organic farming, conservation of natural resources, and the promotion of plant-based diets have created a conducive environment for the growth of the dairy alternatives market.

• Significant Technological Advancements:

Advances in food technology and innovation have led to the development of a wide range of dairy alternatives that closely mimic the taste, texture, and functionality of conventional dairy products. Companies are investing in research and development to enhance the sensory properties, nutritional profile, and shelf stability of plant-based alternatives, thereby expanding their consumer base. Novel ingredients, such as almond, soy, coconut, oat, and rice, are being used to formulate dairy alternatives, offering consumers a diverse array of options to choose from. Furthermore, advancements in food processing techniques, such as enzymatic modification, fermentation, and emulsification, have improved the quality and palatability of dairy alternatives, making them more appealing to consumers. Additionally, the growing popularity of plant-based milk alternatives in global markets has spurred investments in manufacturing facilities and distribution networks in India, further driving the growth of the dairy alternatives market.

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India Dairy Alternatives Market Report Segmentation:

By Source:

• Almond
• Soy
• Oats
• Hemp
• Coconut
• Rice
• Others

Based on the source, the market has been divided into almond, soy, oats, hemp, coconut, rice, and others.

By Formulation:

• Plain
  • Sweetened
  • Unsweetened
• Flavored
  • Sweetened
  • Unsweetened

On the basis of the formulation, the market has been segmented into plain (sweetened and unsweetened) and flavored (sweetened and unsweetened).

By Nutrient:

• Protein
• Starch
• Vitamin
• Others

Based on the nutrient, the market has been categorized into protein, starch, vitamin, and others.

By Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others

On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, convenience stores, online stores, and others.

By Product Type:

• Cheese
• Creamers
• Yogurt
• Ice Creams
• Milk
• Others

Based on the product type, the market has been segmented into cheese, creamers, yogurt, ice creams, milk, and others.

Regional Insights:

• North India
• West and Central India
• South India
• East India and Northeast India

Region-wise, the market has been classified into North India, West and Central India, South India, and East India and Northeast India.

India Dairy Alternatives Market Trends:

A key factor propelling the growth of the dairy alternatives market in India is the increasing focus on health and wellness among consumers. With rising concerns about lifestyle diseases such as obesity, diabetes, and cardiovascular issues, individuals are seeking healthier dietary options. Dairy alternatives are perceived as healthier alternatives to traditional dairy products due to their lower levels of saturated fat and cholesterol. Additionally, plant-based alternatives are often fortified with vitamins and minerals, such as calcium and vitamin D, to offer nutritional benefits comparable to dairy products. As a result, health-conscious consumers are incorporating dairy alternatives into their diets as part of their efforts to maintain overall well-being. Other than this, the growing affluence of Indian consumers, particularly in urban areas, has contributed to the expansion of the dairy alternatives market. Rising disposable incomes have enabled consumers to prioritize premium and value-added food products, including dairy alternatives, which are often priced at a premium compared to conventional dairy products.

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