The cream market in India has witnessed a remarkable growth in recent years. Some of the factors which have contributed in influencing the growth of the market are diversified applications of cream, increasing disposable incomes, western influence, expanding channels of distribution, etc.
The latest report by IMARC Group titled, “Cream Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2021”, critically examines the cream market in India. According to the report, the market reached a value of around INR XX Billion in 2016, exhibiting a CAGR of 13% during 2010-2016. Cream is a dairy product which provides a smooth texture and consistency to food products. The cream available in the commercial market is sterilized at high temperature and packed aseptically to extend its shelf-life and prevent it from spoilage. Apart from this, different grades of cream, varying in fat-content are also available to be used for various purposes, for instance as a topping, or as a blend.
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Highlights of the cream market in India:
- The demand for cream in India is accelerated by increasing applications in the food and beverage industry.
- Maharashtra represents the largest market, accounting for the majority of the share.
- The market is expected to reach a value of INR 6 Billion by 2021.
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There are various growth-inducing factors which are driving the cream market in India. The major factor which has contributed in advancing the demand for cream among the consumers is its diverse applications. In India, cream is widely being used in several food and beverages products, such as tea, coffee, milkshakes, soups, sauces, eggnogs, pies, etc. Some of the other factors driving the growth of the market are increasing disposable income, western influence, expanding channels of distribution, changing dietary patterns, etc. Owing to these factors, the market is further expected to reach a value of INR 6 Billion by 2021, growing at a CAGR of XX% during 2017-2021.
The report has evaluated the market across fifteen major states of India, along with providing a thorough analysis of the current and historical value and volume trends, and market forecast. At present, Maharashtra represents the largest market, accounting for nearly XX% of the total share. Maharashtra is followed by Gujarat and Delhi. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are GCMMF, Mother Dairy and Parag Milk Foods.
The study gives an in-depth analysis of the cream market landscape in India, covering the current, historical and future trends for cream production along with its prices. The report also offers SWOT, Value Chain and Porter’s Five Forces analysis of the Indian cream market along with breakup by region and an analysis of the competitive landscape. The study is based on both desk research and multiple waves of qualitative primary research. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian cream market in any manner.
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