According to the latest report by IMARC Group, titled “Dairy Industry in Bihar: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers an in-depth analysis of the Bihar dairy market. The state currently represents the tenth-largest milk production in bihar. According to the report, the Bihar dairy market reached a volume of 5.32 Million Tons in 2021. Looking forward, the market is expected to reach 7.01 Million Tons by 2027, exhibiting at a CAGR of 4.5% during 2022-2027.
Dairy Industry in Bihar Definition and Application:
The dairy industry involves the production and processing of animal milk for human consumption. The milk is generally obtained from goats, cows, sheep, and buffalos, which is further used to prepare multiple dairy products. These products are a rich source of essential nutrients, such as calcium, proteins, vitamins, zinc, and magnesium, that help in maintaining dental and bone health. Apart from this, their consumption aids in improving the natural balance of the gut microbiota that results in strong metabolism and immune system, thereby providing a boost to the sales of dairy products across Bihar.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Bihar Dairy Market Trends and Drivers:
The dairy industry in Bihar is primarily driven by the rising funding and investments by the public and private agencies in order to upgrade the existing dairy infrastructure. In line with this, numerous initiatives undertaken by the state government to support the dairy industry by introducing fiscal reliefs to farmers are providing an impetus to the market growth. Moreover, the increasing health consciousness among the masses and the rising preference to lead a healthy lifestyle have led to the growing consumption of dairy products across the state, which is creating a positive outlook for the market. Along with this, various technological advancements,such as the introduction of mobile applications that provide pertinent information regarding dairy farming, are also driving the market toward growth. Rapid digitization and the rising penetration of high-speed internet connectivity across Bihar are positively influencing the market growth further. Some of the other factors contributing to the market growth include continuous improvements in the e-commerce sector and the easy availability of cattle dietary products across the state. On account of the aforementioned factors, the market is anticipated to reach a volume of 7.01 Million Tons by 2027, growing at a CAGR of 4.5% during the forecast period (2022-2027).
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Market Summary:
- 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
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
Other Related Reports:
Dairy Processing Equipment Market Report: https://www.imarcgroup.com/dairy-processing-equipment-market
Indian Dairy Whitener Market Report: https://www.imarcgroup.com/dairy-whitener-market-in-india
Dairy Industry Database India: https://www.imarcgroup.com/indian-dairy-industry-database
Madhya Pradesh Dairy Market Report: https://www.imarcgroup.com/dairy-industry-madhya-pradesh
Rajasthan Dairy Market Report: https://www.imarcgroup.com/dairy-industry-rajasthan
Punjab Dairy Market Report: https://www.imarcgroup.com/dairy-industry-punjab
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