Rise in Lactose Intolerance Fuels Demand for Plant-Based Dairy in India

This week, ResearchAndMarkets.com announced an addition to its offerings with the release of the report "Plant-Based Dairy in India." The report outlines strong growth in demand for plant-based dairy products, anticipating sustained double-digit retail value growth for 2024 in the Indian market.

Though India holds a commanding presence in the global dairy industry, there is a marked increase in lactose intolerance among the population, redirecting consumer preferences toward plant-based alternatives.

The report furnishes comprehensive insights at a national level, detailing retail sales data from 2020 to 2024, identifying leading industry players, and capturing the key trends and demographic shifts influencing market dynamics.

Product Coverage: Encompasses categories such as Plant-based Cheese, Plant-based Milk, and Plant-based Yoghurt.

Data Coverage: Includes historical and forecasted market sizes, company shares, brand shares, and distribution data.

The market exhibits greater fragmentation with the influx of new competitors, while health, wellness, and sustainability trends shape consumption patterns. However, the high prices of plant-based products pose a challenge to broader market penetration.