Dairy Sector Check - Organised Players Will Continue To Gain Market Share: ICICI Securities
Dairy cows stand in the milking parlor. (Photographer Daniel Acker/Bloomberg)

Dairy Sector Check - Organised Players Will Continue To Gain Market Share: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

The sector was largely unaffected in FY21 as milk and milk products are essential commodities.

However, we note the following trends emerged in FY21 and are likely to continue even in FY22:

  1. Organised dairies will continue to (structurally) gain market share.

  2. Reduction in consumption of impulse products such as ice cream, butter milk, flavoured milk.

  3. Decline in market potential of new categories like whey protein powder, custards and premium cheese variants as consumers focus on essentials.

  4. Direct distribution to large societies using own logistics/app developed by dairy companies.

  5. Milk packaging in tetra packs and dairy whitener will continue to grow at healthy rates.

Click on the attachment to read the full report:

ICICI Securities Dairy Sector Trends.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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