According to the latest report by IMARC Group, titled, “Dairy Industry in Orissa: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution″, The Orissa dairy market to grow at a CAGR of 14% during 2021-2026.
Industry Definition and Application:
Dairy products refer to numerous food products and beverages produced from the milk of cows, sheep, goats, and buffalos. They comprise fresh milk, cream, yogurt, paneer, cheese, butter, and ghee. They rely on pasteurization after extraction from cattle to kill bacteria and prevent tuberculosis, brucellosis, and typhoid fever. They offer various macro and micronutrients, such as protein, carbohydrate, fat, zinc, calcium, iodine, magnesium, phosphorus, and vitamins A, D, B12, and B2, for proper health management. They also provide casein and whey, which supports muscle development and helps in weight management. They facilitate bone development in children by providing adequate calcium while reducing heart complications, insulin resistance, obesity, and blood pressure levels. They also decrease the chances of stroke and colorectal cancer among the masses. They assist in maintaining the gut microbiota and enhancing digestion while improving energy and reducing fatigue. They aid in the development of the brain and the growth of the vital organs of the baby during the pregnancy period. They also provide adequate hydration and prevent cavities and tooth decay. As dairy products consumption is beneficial for leading a healthy life, they are highly recommended by dieticians and nutritionists in Orissa.
Dairy Industry in Orissa Trends and Drivers:
At present, the increasing consumption of dairy products in Orissa to maintain a healthy diet and an active lifestyle represents one of the key factors driving the market. Besides this, the Government of India is undertaking initiatives to boost the dairy industry of the country by introducing various schemes. They are also incorporating Orissa in the National Dairy Plan (NDP) and National Dairy Development Board (NDDB), which is strengthening the growth of the market. Moreover, the Orissa State Cooperative Milk Producer’s Federation Limited (OMFED) is producing, procuring, processing, and marketing various dairy products to improve the economy of the rural farming community of the state, which is propelling the growth of the market. In addition, the rising health consciousness among the masses on account of the increasing occurrence of chronic diseases and the growing geriatric population is positively influencing the market in Orissa.
Apart from this, the increasing demand for milk in households and commercial sectors to make tea, coffee, and lassi and produce various sweets is contributing to the growth of the market across the state. Additionally, the low cost of land, along with the availability of grazing land in the state, is offering a favorable market outlook. Furthermore, key players operating in Orissa are investing in research and development (R&D) activities to enhance the cattle management process.
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Orissa Dairy Market 2021-2026 Analysis and Segmentation:
The report has segmented the market on the basis of Product Type.
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