Cream Market in India - Share, Size, Trends, Report and Forecast 2018-2023
The cream market in India has witnessed a robust growth in the past few years.
This can be accredited to the rising preference for organic cream products, establishment of advanced infrastructure facilities, increasing population of working women and mounting household incomes.
According to the latest report by IMARC Group, titled “Cream Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the cream market in India reached a value of US$ XX Billion in 2017, registering a CAGR of 13% during 2010-2017. Cream is a dairy product which accumulates at the surface of unhomogenised milk. There are various kinds of cream available for the consumers such as double, half-and-half, light, whipped, single, sour, long life (UHT), flavoured, pressure packed and crème fraiche. The cream accessible in the commercial market is sterilised at high temperature and packed aseptically so as to prevent spoilage and extend its shelf-life. Cream provides a consistency and smooth texture when added to food products, owing to which it finds application in the preparation of numerous beverages, desserts and dishes. Due to a huge bovine population, India is the largest producer of milk and, consequently, one of the leading manufacturers of cream worldwide.
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On the basis of region, the report covers fifteen major states of India including Karnataka, Maharashtra, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar and Orissa. Currently, Maharashtra represents the leading cream market in India, holding the majority of the total market share. Maharashtra is followed by Gujarat and Delhi.
The competitive landscape of the Indian cream market has also been examined with some of the key players being Mother Dairy, GCMMF and Parag Milk Foods.