Dairy Industry in West Bengal
According to the latest report by IMARC Group, titled “West Bengal Dairy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” according to the report, the west Bengal dairy market is expected to grow at a CAGR of 14.7% during the forecast period (2021-2026).
Milk represents an essential source of numerous macro- and micronutrients, such as calcium, vitamins A and D, potassium, magnesium, carbohydrates, proteins, etc. These nutrients aid in strengthening bones, improving metabolism, lowering the risks of cardiovascular diseases, boosting immunity, etc. Moreover, raw milk is processed by the dairy industry to produce a wide range of dairy products, such as cheese, butter, ghee, cream, yogurt, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
West Bengal Dairy Market Trends:
Rising health consciousness and inflating disposable income levels of consumers are primarily augmenting the West Bengal dairy market. Furthermore, the introduction of various government schemes and initiatives for the development of the dairy sector is also catalyzing market growth. Apart from this, the evolution of the dairy industry from an unorganized to a relatively organized sector is acting as another growth-inducing factor.
Additionally, the increasing private participation in the market, focused on producing different value-added products, such as cheese, probiotic drinks, yogurt, etc., is further bolstering the market growth. In line with this, several key market players are upgrading their milk procurement networks to expand the consumer base and increase the quantity of milk production. Aside from that, various technical improvements to extend the shelf life of liquid milk will continue to drive expansion in the West Bengal dairy market throughout the foreseeable period.
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West Bengal Dairy Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
GCMMF (Amul), Mother Dairy (WBCMPF), Metro Dairy Ltd., Red Crow Dairy, etc.
The report has segmented the market on the basis of product segments:
Skimmed milk powder
Sweet condensed milk
Malt based beverages
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
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