Buttermilk Market in India Size, Share, Trends and Forecast by Sector and State, 2025-2033
The buttermilk market in India size was valued at INR 193.33 Billion in 2024. Looking forward, IMARC Group estimates the market to reach INR 933.53 Billion by 2033, exhibiting a CAGR of 18.16% from 2025-2033. The market is substantially growing due to rising health awareness, increasing demand for probiotic beverages, and the growing preference for convenient, ready-to-drink products. Key drivers include health-conscious urban consumers, product innovations, and broader retail and e-commerce distribution, positioning buttermilk as a popular, nutritious beverage choice.
A crucial driver of the buttermilk industry across India is the rapidly heightening customer emphasis on health and wellness. As awareness regarding the advantages of gut health as well as probiotics intensifies, buttermilk, prominently acknowledged for its digestive attributes, has attained substantial momentum. For instance, as per industry reports, around 10% of the population in India are affected with digestive conditions, like acid reflux, irritable bowel syndrome, or GERD. As a result, with customers actively navigating nutritious substitutes for sugary beverages, buttermilk has emerged as a functional drink providing both digestive aid and hydration. In addition to this, its low-calorie profile and cost-effectiveness further foster its appeal amongst budget-conscious and health-aware individuals, thereby expanding the buttermilk market in India share.
Another key driver is the bolstering requirement for ready-to-drink, convenient beverages. For instance, as per industry reports, ready-to-drink beverage industry across India is exhibited year-on-year elevation of 52% during 2024, reaching around USD 121 Million. Moreover, fueling urbanization and transforming lifestyles have led to the increased acceptance of convenience-based packaged products in India. Buttermilk brands are responding in kind by catering to busy urban lives with a wide range of convenient, grab-and-go, packaged formats. Furthermore, with growing disposable income, especially in major metropolitan areas, there is increased spending on premium, health-oriented products, fueling demand for ready-to-consume buttermilk and boosting the market growth prospects.
Buttermilk Market in India Trends:
Increasing Health and Wellness Focus
A significant trend in the Indian buttermilk market is the growing consumer preference for health-conscious beverages. For instance, as per industry reports, health beverage sector in India has a valuation of USD 10 Billion during 2024 and will further expand to USD 30 Billion by the year 2026, highlighting heightening inclination towards health and wellness trend. Moreover, as awareness of gut health and probiotics increases, buttermilk, recognized for its digestive benefits, has gained popularity. Brands are capitalizing on this by offering probiotic-infused variants, fortified with additional nutrients like calcium and vitamin D. In addition to this, with rising concerns over lifestyle diseases and the shift toward natural, functional beverages, buttermilk is positioned as a nutritious alternative to sugary drinks, driving its demand among urban and health-conscious consumers.
Product Innovation and Flavored Variants
Product diversification is gaining momentum in the Indian buttermilk segment, with flavored buttermilk being its most salient category. Traditionally the drink of choice was buttermilk in its simplest form, but now we see it offered in mint, cumin, and masala flavors. This gives consumers an exciting new taste while keeping the traditional health benefits intact. Another trend is the introduction of premium variants of buttermilk offering organic, low-fat, or high-protein products, which opens new market segments and attracts broader consumer interests toward unique, high-quality drinks. For instance, as per industry reports, in August 2024, Amul launched its new product range with high-protein to cater to the evolving dietary demands. This portfolio also encompasses high-protein buttermilk with 15 grams of protein incorporated in a pack of 200ml.
E-commerce and Retail Expansion
Buttermilk market in India graph illustrates a stable increase in consumer demand due to the rapid growth of e-commerce and retail channels. For instance, as per industry reports, online shopping in India accounts for around 7% of the nation's overall retail industry. In line with this, e-commerce segment in India is anticipated to reach USD 325 Billion by the year 2030. Moreover, online grocery platforms and supermarkets are increasingly stocking ready-to-drink buttermilk to address the customer need for convenience and accessibility. With the rapid adoption of digital shopping, brands are leveraging direct-to-consumer models, ensuring wider reach and better consumer engagement. Additionally, the rise of convenience stores and cold storage networks is enhancing the availability of buttermilk in both urban and semi-urban regions, supporting the sector’s growth and expanding consumer access across the country.
Buttermilk Market in India Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the buttermilk market in India market, along with forecasts at the country and state levels from 2025-2033. The market has been categorized based on sector.
Analysis by Sector:
State Analysis:
Competitive Landscape:
The competitive landscape is exhibited by a mix of traditional local producers and large-scale dairy companies. Key players offer ready-to-drink buttermilk products in various packaging formats. Local brands also play a significant role, catering to regional preferences with authentic flavors. Furthermore, the market is witnessing increased product innovation, with variations such as flavored buttermilk and probiotic-enriched options. In addition to this, competitive strategies focus on distribution expansion, product differentiation, and leveraging consumer demand for health-conscious beverages, contributing to the market's growth and fragmentation. For instance, in June 2024, Gujarat Cooperative Milk Marketing Federation, Amul's marketing body, announced plans to strengthen its global footprint by expanding its product portfolio across the United States market. The company will soon launch its variety of products, including buttermilk.
The report provides a comprehensive analysis of the competitive landscape in the buttermilk market in India with detailed profiles of all major companies, including:
1.How big is the buttermilk market in India?
2.What factors are driving the growth of the buttermilk market in India?
3.What is the forecast for the buttermilk market in India?
4.Which state accounts for the largest buttermilk market in India share?
5.Who are the major players in the buttermilk market in India?
A crucial driver of the buttermilk industry across India is the rapidly heightening customer emphasis on health and wellness. As awareness regarding the advantages of gut health as well as probiotics intensifies, buttermilk, prominently acknowledged for its digestive attributes, has attained substantial momentum. For instance, as per industry reports, around 10% of the population in India are affected with digestive conditions, like acid reflux, irritable bowel syndrome, or GERD. As a result, with customers actively navigating nutritious substitutes for sugary beverages, buttermilk has emerged as a functional drink providing both digestive aid and hydration. In addition to this, its low-calorie profile and cost-effectiveness further foster its appeal amongst budget-conscious and health-aware individuals, thereby expanding the buttermilk market in India share.
Another key driver is the bolstering requirement for ready-to-drink, convenient beverages. For instance, as per industry reports, ready-to-drink beverage industry across India is exhibited year-on-year elevation of 52% during 2024, reaching around USD 121 Million. Moreover, fueling urbanization and transforming lifestyles have led to the increased acceptance of convenience-based packaged products in India. Buttermilk brands are responding in kind by catering to busy urban lives with a wide range of convenient, grab-and-go, packaged formats. Furthermore, with growing disposable income, especially in major metropolitan areas, there is increased spending on premium, health-oriented products, fueling demand for ready-to-consume buttermilk and boosting the market growth prospects.
Buttermilk Market in India Trends:
Increasing Health and Wellness Focus
A significant trend in the Indian buttermilk market is the growing consumer preference for health-conscious beverages. For instance, as per industry reports, health beverage sector in India has a valuation of USD 10 Billion during 2024 and will further expand to USD 30 Billion by the year 2026, highlighting heightening inclination towards health and wellness trend. Moreover, as awareness of gut health and probiotics increases, buttermilk, recognized for its digestive benefits, has gained popularity. Brands are capitalizing on this by offering probiotic-infused variants, fortified with additional nutrients like calcium and vitamin D. In addition to this, with rising concerns over lifestyle diseases and the shift toward natural, functional beverages, buttermilk is positioned as a nutritious alternative to sugary drinks, driving its demand among urban and health-conscious consumers.
Product Innovation and Flavored Variants
Product diversification is gaining momentum in the Indian buttermilk segment, with flavored buttermilk being its most salient category. Traditionally the drink of choice was buttermilk in its simplest form, but now we see it offered in mint, cumin, and masala flavors. This gives consumers an exciting new taste while keeping the traditional health benefits intact. Another trend is the introduction of premium variants of buttermilk offering organic, low-fat, or high-protein products, which opens new market segments and attracts broader consumer interests toward unique, high-quality drinks. For instance, as per industry reports, in August 2024, Amul launched its new product range with high-protein to cater to the evolving dietary demands. This portfolio also encompasses high-protein buttermilk with 15 grams of protein incorporated in a pack of 200ml.
E-commerce and Retail Expansion
Buttermilk market in India graph illustrates a stable increase in consumer demand due to the rapid growth of e-commerce and retail channels. For instance, as per industry reports, online shopping in India accounts for around 7% of the nation's overall retail industry. In line with this, e-commerce segment in India is anticipated to reach USD 325 Billion by the year 2030. Moreover, online grocery platforms and supermarkets are increasingly stocking ready-to-drink buttermilk to address the customer need for convenience and accessibility. With the rapid adoption of digital shopping, brands are leveraging direct-to-consumer models, ensuring wider reach and better consumer engagement. Additionally, the rise of convenience stores and cold storage networks is enhancing the availability of buttermilk in both urban and semi-urban regions, supporting the sector’s growth and expanding consumer access across the country.
Buttermilk Market in India Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the buttermilk market in India market, along with forecasts at the country and state levels from 2025-2033. The market has been categorized based on sector.
Analysis by Sector:
- Retail
- Institutional
State Analysis:
- Karnataka
- Maharashtra
- Tamil Nadu
- Delhi
- Gujarat
- Andhra Pradesh and Telangana
- Uttar Pradesh
- West Bengal
- Kerala
- Haryana
- Punjab
- Rajasthan
- Madhya Pradesh
- Bihar
- Orissa
Competitive Landscape:
The competitive landscape is exhibited by a mix of traditional local producers and large-scale dairy companies. Key players offer ready-to-drink buttermilk products in various packaging formats. Local brands also play a significant role, catering to regional preferences with authentic flavors. Furthermore, the market is witnessing increased product innovation, with variations such as flavored buttermilk and probiotic-enriched options. In addition to this, competitive strategies focus on distribution expansion, product differentiation, and leveraging consumer demand for health-conscious beverages, contributing to the market's growth and fragmentation. For instance, in June 2024, Gujarat Cooperative Milk Marketing Federation, Amul's marketing body, announced plans to strengthen its global footprint by expanding its product portfolio across the United States market. The company will soon launch its variety of products, including buttermilk.
The report provides a comprehensive analysis of the competitive landscape in the buttermilk market in India with detailed profiles of all major companies, including:
- GCMMF
- KMF
- Mother Dairy
- RCDF
- Hatsun
1.How big is the buttermilk market in India?
2.What factors are driving the growth of the buttermilk market in India?
3.What is the forecast for the buttermilk market in India?
4.Which state accounts for the largest buttermilk market in India share?
5.Who are the major players in the buttermilk market in India?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 INDIAN DAIRY INDUSTRY
5.1 Market Overview
5.2 Market Performance
5.3 Market by Organised and Unorganised Segment
5.4 Milk Production and Consumption Trends
5.4.1 Current and Historical Trends
5.4.2 Production and Consumption Forecast
5.5 Milk Production by State
5.6 Milk Production by Cattle
5.7 Milk Utilization Patterns in India
5.8 Market Forecast
6 INDIAN BUTTERMILK INDUSTRY
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Trends
6.4.1 Milk Procurement Price Trends
6.4.2 Buttermilk Price Trends
6.5 Market Breakup by Region
6.6 Market Breakup by Sector
6.7 Market Forecast
6.8 SWOT Analysis
6.8.1 Overview
6.8.2 Strengths
6.8.3 Weaknesses
6.8.4 Opportunities
6.8.5 Threats
6.9 Value Chain Analysis
6.9.1 Raw Material Suppliers
6.9.2 Manufacturers
6.9.3 Marketing and Distributors
6.9.4 Exporters
6.9.5 Retailers
6.9.6 End-Consumers
6.10 Porter’s Five Forces Analysis
6.10.1 Overview
6.10.2 Bargaining Power of Buyers
6.10.3 Bargaining Power of Suppliers
6.10.4 Degree of Competition
6.10.5 Threat of New Entrants
6.10.6 Threat of Substitutes
6.11 Key Success Factors and Risk Factors
7 PERFORMANCE OF KEY REGIONS
7.1 Karnataka
7.1.1 Market Performance
7.1.1.1 Volume Trends
7.1.1.2 Value Trends
7.1.2 Competitive Landscape
7.1.3 Market Forecast
7.1.3.1 Volume Trends
7.1.3.2 Value Trends
7.2 Maharashtra
7.2.1 Market Performance
7.2.1.1 Volume Trends
7.2.1.2 Value Trends
7.2.2 Competitive Landscape
7.2.3 Market Forecast
7.2.3.1 Volume Trends
7.2.3.2 Value Trends
7.3 Tamil Nadu
7.3.1 Market Performance
7.3.1.1 Volume Trends
7.3.1.2 Value Trends
7.3.2 Competitive Landscape
7.3.3 Market Forecast
7.3.3.1 Volume Trends
7.3.3.2 Value Trends
7.4 Delhi
7.4.1 Market Performance
7.4.1.1 Volume Trends
7.4.1.2 Value Trends
7.4.2 Competitive Landscape
7.4.3 Market Forecast
7.4.3.1 Volume Trends
7.4.3.2 Value Trends
7.5 Gujarat
7.5.1 Market Performance
7.5.1.1 Volume Trends
7.5.1.2 Value Trends
7.5.2 Competitive Landscape
7.5.3 Market Forecast
7.5.3.1 Volume Trends
7.5.3.2 Value Trends
7.6 Andhra Pradesh and Telangana
7.6.1 Market Performance
7.6.1.1 Volume Trends
7.6.1.2 Value Trends
7.6.2 Competitive Landscape
7.6.3 Market Forecast
7.6.3.1 Volume Trends
7.6.3.2 Value Trends
7.7 Uttar Pradesh
7.7.1 Market Performance
7.7.1.1 Volume Trends
7.7.1.2 Value Trends
7.7.2 Competitive Landscape
7.7.3 Market Forecast
7.7.3.1 Volume Trends
7.7.3.2 Value Trends
7.8 West Bengal
7.8.1 Market Performance
7.8.1.1 Volume Trends
7.8.1.2 Value Trends
7.8.2 Competitive Landscape
7.8.3 Market Forecast
7.8.3.1 Volume Trends
7.8.3.2 Value Trends
7.9 Kerala
7.9.1 Market Performance
7.9.1.1 Volume Trends
7.9.1.2 Value Trends
7.9.2 Competitive Landscape
7.9.3 Market Forecast
7.9.3.1 Volume Trends
7.9.3.2 Value Trends
7.10 Haryana
7.10.1 Market Performance
7.10.1.1 Volume Trends
7.10.1.2 Value Trends
7.10.2 Competitive Landscape
7.10.3 Market Forecast
7.10.3.1 Volume Trends
7.10.3.2 Value Trends
7.11 Punjab
7.11.1 Market Performance
7.11.1.1 Volume Trends
7.11.1.2 Value Trends
7.11.2 Competitive Landscape
7.11.3 Market Forecast
7.11.3.1 Volume Trends
7.11.3.2 Value Trends
7.12 Rajasthan
7.12.1 Market Performance
7.12.1.1 Volume Trends
7.12.1.2 Value Trends
7.12.2 Competitive Landscape
7.12.3 Market Forecast
7.12.3.1 Volume Trends
7.12.3.2 Value Trends
7.13 Madhya Pradesh
7.13.1 Market Performance
7.13.1.1 Volume Trends
7.13.1.2 Value Trends
7.13.2 Competitive Landscape
7.13.3 Market Forecast
7.13.3.1 Volume Trends
7.13.3.2 Value Trends
7.14 Bihar
7.14.1 Market Performance
7.14.1.1 Volume Trends
7.14.1.2 Value Trends
7.14.2 Competitive Landscape
7.14.3 Market Forecast
7.14.3.1 Volume Trends
7.14.3.2 Value Trends
7.15 Orissa
7.15.1 Market Performance
7.15.1.1 Volume Trends
7.15.1.2 Value Trends
7.15.2 Competitive Landscape
7.15.3 Market Forecast
7.15.3.1 Volume Trends
7.15.3.2 Value Trends
8 MARKET BREAKUP BY SECTOR
8.1 Retail
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Institutional
8.2.1 Market Trends
8.2.2 Market Forecast
9 COMPETITIVE LANDSCAPE
9.1 Competitive Structure
9.2 Market Share of Key Players
10 BUTTERMILK MANUFACTURING PROCESS
10.1 Product Overview
10.2 Detailed Process Flow
10.3 Various Types of Unit Operations Involved
10.4 Mass Balance and Raw Material Requirements
11 PROJECT DETAILS, REQUIREMENTS AND COSTS INVOLVED
11.1 Land Requirements and Expenditures
11.2 Construction Requirements and Expenditures
11.3 Plant Machinery
11.4 Machinery Pictures
11.5 Raw Material Requirements and Expenditures
11.6 Raw Material and Final Product Pictures
11.7 Packaging Requirements and Expenditures
11.8 Transportation Requirements and Expenditures
11.9 Utility Requirements and Expenditures
11.10 Manpower Requirements and Expenditures
11.11 Other Capital Investments
12 LOANS AND FINANCIAL ASSISTANCE
13 PROJECT ECONOMICS
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Taxation and Depreciation
13.5 Income Projections
13.6 Expenditure Projections
13.7 Financial Analysis
13.8 Profit Analysis
14 KEY PLAYER PROFILES
14.1 GCMMF
14.2 KMF
14.3 Mother Dairy
14.4 RCDF
14.5 Hatsun
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 INDIAN DAIRY INDUSTRY
5.1 Market Overview
5.2 Market Performance
5.3 Market by Organised and Unorganised Segment
5.4 Milk Production and Consumption Trends
5.4.1 Current and Historical Trends
5.4.2 Production and Consumption Forecast
5.5 Milk Production by State
5.6 Milk Production by Cattle
5.7 Milk Utilization Patterns in India
5.8 Market Forecast
6 INDIAN BUTTERMILK INDUSTRY
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Trends
6.4.1 Milk Procurement Price Trends
6.4.2 Buttermilk Price Trends
6.5 Market Breakup by Region
6.6 Market Breakup by Sector
6.7 Market Forecast
6.8 SWOT Analysis
6.8.1 Overview
6.8.2 Strengths
6.8.3 Weaknesses
6.8.4 Opportunities
6.8.5 Threats
6.9 Value Chain Analysis
6.9.1 Raw Material Suppliers
6.9.2 Manufacturers
6.9.3 Marketing and Distributors
6.9.4 Exporters
6.9.5 Retailers
6.9.6 End-Consumers
6.10 Porter’s Five Forces Analysis
6.10.1 Overview
6.10.2 Bargaining Power of Buyers
6.10.3 Bargaining Power of Suppliers
6.10.4 Degree of Competition
6.10.5 Threat of New Entrants
6.10.6 Threat of Substitutes
6.11 Key Success Factors and Risk Factors
7 PERFORMANCE OF KEY REGIONS
7.1 Karnataka
7.1.1 Market Performance
7.1.1.1 Volume Trends
7.1.1.2 Value Trends
7.1.2 Competitive Landscape
7.1.3 Market Forecast
7.1.3.1 Volume Trends
7.1.3.2 Value Trends
7.2 Maharashtra
7.2.1 Market Performance
7.2.1.1 Volume Trends
7.2.1.2 Value Trends
7.2.2 Competitive Landscape
7.2.3 Market Forecast
7.2.3.1 Volume Trends
7.2.3.2 Value Trends
7.3 Tamil Nadu
7.3.1 Market Performance
7.3.1.1 Volume Trends
7.3.1.2 Value Trends
7.3.2 Competitive Landscape
7.3.3 Market Forecast
7.3.3.1 Volume Trends
7.3.3.2 Value Trends
7.4 Delhi
7.4.1 Market Performance
7.4.1.1 Volume Trends
7.4.1.2 Value Trends
7.4.2 Competitive Landscape
7.4.3 Market Forecast
7.4.3.1 Volume Trends
7.4.3.2 Value Trends
7.5 Gujarat
7.5.1 Market Performance
7.5.1.1 Volume Trends
7.5.1.2 Value Trends
7.5.2 Competitive Landscape
7.5.3 Market Forecast
7.5.3.1 Volume Trends
7.5.3.2 Value Trends
7.6 Andhra Pradesh and Telangana
7.6.1 Market Performance
7.6.1.1 Volume Trends
7.6.1.2 Value Trends
7.6.2 Competitive Landscape
7.6.3 Market Forecast
7.6.3.1 Volume Trends
7.6.3.2 Value Trends
7.7 Uttar Pradesh
7.7.1 Market Performance
7.7.1.1 Volume Trends
7.7.1.2 Value Trends
7.7.2 Competitive Landscape
7.7.3 Market Forecast
7.7.3.1 Volume Trends
7.7.3.2 Value Trends
7.8 West Bengal
7.8.1 Market Performance
7.8.1.1 Volume Trends
7.8.1.2 Value Trends
7.8.2 Competitive Landscape
7.8.3 Market Forecast
7.8.3.1 Volume Trends
7.8.3.2 Value Trends
7.9 Kerala
7.9.1 Market Performance
7.9.1.1 Volume Trends
7.9.1.2 Value Trends
7.9.2 Competitive Landscape
7.9.3 Market Forecast
7.9.3.1 Volume Trends
7.9.3.2 Value Trends
7.10 Haryana
7.10.1 Market Performance
7.10.1.1 Volume Trends
7.10.1.2 Value Trends
7.10.2 Competitive Landscape
7.10.3 Market Forecast
7.10.3.1 Volume Trends
7.10.3.2 Value Trends
7.11 Punjab
7.11.1 Market Performance
7.11.1.1 Volume Trends
7.11.1.2 Value Trends
7.11.2 Competitive Landscape
7.11.3 Market Forecast
7.11.3.1 Volume Trends
7.11.3.2 Value Trends
7.12 Rajasthan
7.12.1 Market Performance
7.12.1.1 Volume Trends
7.12.1.2 Value Trends
7.12.2 Competitive Landscape
7.12.3 Market Forecast
7.12.3.1 Volume Trends
7.12.3.2 Value Trends
7.13 Madhya Pradesh
7.13.1 Market Performance
7.13.1.1 Volume Trends
7.13.1.2 Value Trends
7.13.2 Competitive Landscape
7.13.3 Market Forecast
7.13.3.1 Volume Trends
7.13.3.2 Value Trends
7.14 Bihar
7.14.1 Market Performance
7.14.1.1 Volume Trends
7.14.1.2 Value Trends
7.14.2 Competitive Landscape
7.14.3 Market Forecast
7.14.3.1 Volume Trends
7.14.3.2 Value Trends
7.15 Orissa
7.15.1 Market Performance
7.15.1.1 Volume Trends
7.15.1.2 Value Trends
7.15.2 Competitive Landscape
7.15.3 Market Forecast
7.15.3.1 Volume Trends
7.15.3.2 Value Trends
8 MARKET BREAKUP BY SECTOR
8.1 Retail
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Institutional
8.2.1 Market Trends
8.2.2 Market Forecast
9 COMPETITIVE LANDSCAPE
9.1 Competitive Structure
9.2 Market Share of Key Players
10 BUTTERMILK MANUFACTURING PROCESS
10.1 Product Overview
10.2 Detailed Process Flow
10.3 Various Types of Unit Operations Involved
10.4 Mass Balance and Raw Material Requirements
11 PROJECT DETAILS, REQUIREMENTS AND COSTS INVOLVED
11.1 Land Requirements and Expenditures
11.2 Construction Requirements and Expenditures
11.3 Plant Machinery
11.4 Machinery Pictures
11.5 Raw Material Requirements and Expenditures
11.6 Raw Material and Final Product Pictures
11.7 Packaging Requirements and Expenditures
11.8 Transportation Requirements and Expenditures
11.9 Utility Requirements and Expenditures
11.10 Manpower Requirements and Expenditures
11.11 Other Capital Investments
12 LOANS AND FINANCIAL ASSISTANCE
13 PROJECT ECONOMICS
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Taxation and Depreciation
13.5 Income Projections
13.6 Expenditure Projections
13.7 Financial Analysis
13.8 Profit Analysis
14 KEY PLAYER PROFILES
14.1 GCMMF
14.2 KMF
14.3 Mother Dairy
14.4 RCDF
14.5 Hatsun
LIST OF TABLES
Table 1: India: Dairy Market: Key Industry Highlights, 2024 and 2033
Table 2: India: Dairy Market: Milk Production Breakup by State, 2019-20 – 2024-25
Table 3: India: Dairy Market: Milk Production Breakup by Cattle, 2019-20 – 2024-25
Table 4: India: Buttermilk Market Forecast: Breakup by Region, 2025-2033
Table 5: India: Buttermilk Market Forecast: Breakup by Sector, 2025-2033
Table 6: India: Buttermilk Market: Competitive Structure
Table 7: India: Buttermilk Market: Key Players
Table 8: Buttermilk Manufacturing Plant: Costs Related to Land and Site Development (in INR)
Table 9: Buttermilk Manufacturing Plant: Costs Related to Civil Works (in INR)
Table 10: Buttermilk Manufacturing Plant: Costs Related to Machinery (in INR)
Table 11: Buttermilk Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (INR/Ton)
Table 12: Buttermilk Manufacturing Plant: Costs Related to Salaries and Wages (in INR)
Table 13: Buttermilk Manufacturing Plant: Costs Related to Other Capital Investments (in INR)
Table 14: Details of Financial Assistance Offered by Financial Institutions
Table 15: Buttermilk Manufacturing Plant: Capital Costs (in INR)
Table 16: Buttermilk Manufacturing Plant: Techno-Economic Parameters
Table 17: Buttermilk Manufacturing Plant: Taxation and Depreciation (in INR)
Table 18: Buttermilk Manufacturing Plant: Income Projections (in INR)
Table 19: Buttermilk Manufacturing Plant: Expenditure Projections (in INR)
Table 20: Buttermilk Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in INR)
Table 21: Buttermilk Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in INR)
Table 22: Buttermilk Manufacturing Plant: Profit and Loss Account (in INR)
Table 1: India: Dairy Market: Key Industry Highlights, 2024 and 2033
Table 2: India: Dairy Market: Milk Production Breakup by State, 2019-20 – 2024-25
Table 3: India: Dairy Market: Milk Production Breakup by Cattle, 2019-20 – 2024-25
Table 4: India: Buttermilk Market Forecast: Breakup by Region, 2025-2033
Table 5: India: Buttermilk Market Forecast: Breakup by Sector, 2025-2033
Table 6: India: Buttermilk Market: Competitive Structure
Table 7: India: Buttermilk Market: Key Players
Table 8: Buttermilk Manufacturing Plant: Costs Related to Land and Site Development (in INR)
Table 9: Buttermilk Manufacturing Plant: Costs Related to Civil Works (in INR)
Table 10: Buttermilk Manufacturing Plant: Costs Related to Machinery (in INR)
Table 11: Buttermilk Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (INR/Ton)
Table 12: Buttermilk Manufacturing Plant: Costs Related to Salaries and Wages (in INR)
Table 13: Buttermilk Manufacturing Plant: Costs Related to Other Capital Investments (in INR)
Table 14: Details of Financial Assistance Offered by Financial Institutions
Table 15: Buttermilk Manufacturing Plant: Capital Costs (in INR)
Table 16: Buttermilk Manufacturing Plant: Techno-Economic Parameters
Table 17: Buttermilk Manufacturing Plant: Taxation and Depreciation (in INR)
Table 18: Buttermilk Manufacturing Plant: Income Projections (in INR)
Table 19: Buttermilk Manufacturing Plant: Expenditure Projections (in INR)
Table 20: Buttermilk Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in INR)
Table 21: Buttermilk Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in INR)
Table 22: Buttermilk Manufacturing Plant: Profit and Loss Account (in INR)
LIST OF FIGURES
Figure 1: India: Buttermilk Market: Major Drivers and Challenges
Figure 2: India: Dairy Market (in Billion INR), 2019-2024
Figure 3: India: Dairy Market: Breakup by Segment (in %), 2024
Figure 4: India: Total Milk Production (in Million Metric Tons), 2019-20 – 2024-25
Figure 5: India: Total Milk Consumption (in Million Metric Tons), 2019-20 – 2024-25
Figure 6: India: Total Milk Production Forecast (in Million Metric Tons), 2025-26 – 2033-34
Figure 7: India: Total Milk Consumption Forecast (in Million Metric Tons), 2025-26 – 2033-34
Figure 8: India: Milk Utilisation Patterns
Figure 9: India: Dairy Market Forecast (in Billion INR), 2025-2033
Figure 10: Buttermilk Market: Price Structure
Figure 11: India: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 12: India: Buttermilk Market: Value Trends (in Billion INR), 2019-2024
Figure 13: India: Milk Market: Procurement Price Trends (in INR/Litre), 2019-2024
Figure 14: India: Buttermilk Market: Retail Price Trends (in INR/Litre), 2019-2024
Figure 15: India: Buttermilk Market: Breakup by Region (in %), 2024
Figure 16: India: Buttermilk Market: Breakup by Sector (in %), 2024
Figure 17: India: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 18: India: Buttermilk Market Forecast: Value Trends (in Billion INR), 2025-2033
Figure 19: India: Buttermilk Industry: SWOT Analysis
Figure 20: India: Buttermilk Industry: Value Chain Analysis
Figure 21: India: Buttermilk Industry: Porter’s Five Forces Analysis
Figure 22: Karnataka: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 23: Karnataka: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 24: Karnataka: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 25: Karnataka: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 26: Karnataka: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 27: Maharashtra: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 28: Maharashtra: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 29: Maharashtra: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 30: Maharashtra: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 31: Maharashtra: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 32: Tamil Nadu: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 33: Tamil Nadu: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 34: Tamil Nadu: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 35: Tamil Nadu: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 36: Tamil Nadu: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 37: Delhi: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 38: Delhi: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 39: Delhi: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 40: Delhi: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 41: Delhi: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 42: Gujarat: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 43: Gujarat: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 44: Gujarat: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 45: Gujarat: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 46: Gujarat: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 47: Andhra Pradesh and Telangana: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 48: Andhra Pradesh and Telangana: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 49: Andhra Pradesh and Telangana: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 50: Andhra Pradesh and Telangana: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 51: Andhra Pradesh and Telangana: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 52: Uttar Pradesh: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 53: Uttar Pradesh: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 54: Uttar Pradesh: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 55: Uttar Pradesh: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 56: Uttar Pradesh: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 57: West Bengal: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 58: West Bengal: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 59: West Bengal: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 60: West Bengal: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 61: West Bengal: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 62: Kerala: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 63: Kerala: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 64: Kerala: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 65: Kerala: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 66: Kerala: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 67: Haryana: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 68: Haryana: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 69: Haryana: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 70: Haryana: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 71: Haryana: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 72: Punjab: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 73: Punjab: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 74: Punjab: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 75: Punjab: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 76: Punjab: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 77: Rajasthan: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 78: Rajasthan: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 79: Rajasthan: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 80: Rajasthan: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 81: Rajasthan: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 82: Madhya Pradesh: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 83: Madhya Pradesh: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 84: Madhya Pradesh: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 85: Madhya Pradesh: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 86: Madhya Pradesh: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 87: Bihar: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 88: Bihar: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 89: Bihar: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 90: Bihar: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 91: Bihar: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 92: Orissa: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 93: Orissa: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 94: Orissa: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 95: Orissa: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 96: Orissa: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 97: India: Buttermilk Market: Retail Sector (in Million Litres), 2019 & 2024
Figure 98: India: Buttermilk Market Forecast: Retail Sector (in Million Litres), 2025-2033
Figure 99: India: Buttermilk Market: Institutional Sector (in Million Litres), 2019 & 2024
Figure 100: India: Buttermilk Market Forecast: Institutional Sector (in Million Litres), 2025-2033
Figure 101: India: Buttermilk Market: Breakup by Key Players (in %), 2024
Figure 102: Buttermilk Manufacturing: Detailed Process Flow
Figure 103: Buttermilk Manufacturing: Conversion Rate of Feedstocks
Figure 104: Buttermilk Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 105: Buttermilk Industry: Profit Margins at Various Levels of the Supply Chain
Figure 106: Buttermilk Production: Manufacturing Cost Breakup (in %)
Figure 1: India: Buttermilk Market: Major Drivers and Challenges
Figure 2: India: Dairy Market (in Billion INR), 2019-2024
Figure 3: India: Dairy Market: Breakup by Segment (in %), 2024
Figure 4: India: Total Milk Production (in Million Metric Tons), 2019-20 – 2024-25
Figure 5: India: Total Milk Consumption (in Million Metric Tons), 2019-20 – 2024-25
Figure 6: India: Total Milk Production Forecast (in Million Metric Tons), 2025-26 – 2033-34
Figure 7: India: Total Milk Consumption Forecast (in Million Metric Tons), 2025-26 – 2033-34
Figure 8: India: Milk Utilisation Patterns
Figure 9: India: Dairy Market Forecast (in Billion INR), 2025-2033
Figure 10: Buttermilk Market: Price Structure
Figure 11: India: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 12: India: Buttermilk Market: Value Trends (in Billion INR), 2019-2024
Figure 13: India: Milk Market: Procurement Price Trends (in INR/Litre), 2019-2024
Figure 14: India: Buttermilk Market: Retail Price Trends (in INR/Litre), 2019-2024
Figure 15: India: Buttermilk Market: Breakup by Region (in %), 2024
Figure 16: India: Buttermilk Market: Breakup by Sector (in %), 2024
Figure 17: India: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 18: India: Buttermilk Market Forecast: Value Trends (in Billion INR), 2025-2033
Figure 19: India: Buttermilk Industry: SWOT Analysis
Figure 20: India: Buttermilk Industry: Value Chain Analysis
Figure 21: India: Buttermilk Industry: Porter’s Five Forces Analysis
Figure 22: Karnataka: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 23: Karnataka: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 24: Karnataka: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 25: Karnataka: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 26: Karnataka: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 27: Maharashtra: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 28: Maharashtra: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 29: Maharashtra: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 30: Maharashtra: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 31: Maharashtra: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 32: Tamil Nadu: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 33: Tamil Nadu: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 34: Tamil Nadu: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 35: Tamil Nadu: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 36: Tamil Nadu: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 37: Delhi: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 38: Delhi: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 39: Delhi: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 40: Delhi: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 41: Delhi: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 42: Gujarat: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 43: Gujarat: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 44: Gujarat: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 45: Gujarat: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 46: Gujarat: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 47: Andhra Pradesh and Telangana: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 48: Andhra Pradesh and Telangana: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 49: Andhra Pradesh and Telangana: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 50: Andhra Pradesh and Telangana: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 51: Andhra Pradesh and Telangana: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 52: Uttar Pradesh: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 53: Uttar Pradesh: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 54: Uttar Pradesh: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 55: Uttar Pradesh: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 56: Uttar Pradesh: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 57: West Bengal: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 58: West Bengal: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 59: West Bengal: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 60: West Bengal: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 61: West Bengal: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 62: Kerala: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 63: Kerala: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 64: Kerala: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 65: Kerala: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 66: Kerala: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 67: Haryana: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 68: Haryana: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 69: Haryana: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 70: Haryana: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 71: Haryana: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 72: Punjab: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 73: Punjab: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 74: Punjab: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 75: Punjab: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 76: Punjab: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 77: Rajasthan: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 78: Rajasthan: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 79: Rajasthan: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 80: Rajasthan: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 81: Rajasthan: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 82: Madhya Pradesh: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 83: Madhya Pradesh: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 84: Madhya Pradesh: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 85: Madhya Pradesh: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 86: Madhya Pradesh: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 87: Bihar: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 88: Bihar: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 89: Bihar: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 90: Bihar: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 91: Bihar: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 92: Orissa: Buttermilk Market: Volume Trends (in Million Litres), 2019-2024
Figure 93: Orissa: Buttermilk Market: Value Trends (in Million INR), 2019-2024
Figure 94: Orissa: Buttermilk Market: Breakup of Key Players (in %), 2024
Figure 95: Orissa: Buttermilk Market Forecast: Volume Trends (in Million Litres), 2025-2033
Figure 96: Orissa: Buttermilk Market Forecast: Value Trends (in Million INR), 2025-2033
Figure 97: India: Buttermilk Market: Retail Sector (in Million Litres), 2019 & 2024
Figure 98: India: Buttermilk Market Forecast: Retail Sector (in Million Litres), 2025-2033
Figure 99: India: Buttermilk Market: Institutional Sector (in Million Litres), 2019 & 2024
Figure 100: India: Buttermilk Market Forecast: Institutional Sector (in Million Litres), 2025-2033
Figure 101: India: Buttermilk Market: Breakup by Key Players (in %), 2024
Figure 102: Buttermilk Manufacturing: Detailed Process Flow
Figure 103: Buttermilk Manufacturing: Conversion Rate of Feedstocks
Figure 104: Buttermilk Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 105: Buttermilk Industry: Profit Margins at Various Levels of the Supply Chain
Figure 106: Buttermilk Production: Manufacturing Cost Breakup (in %)
