India Dairy Alternatives Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 106.47 Million |
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Market Size (2029) | USD 169.60 Million |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2024 - 2029) | 9.76 % |
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Fastest Growing by Distribution Channel | Off-Trade |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
India Dairy Alternatives Market Analysis
The India Dairy Alternatives Market size is estimated at 106.47 million USD in 2024, and is expected to reach 169.60 million USD by 2029, growing at a CAGR of 9.76% during the forecast period (2024-2029).
106.47 Million
Market Size in 2024 (USD)
169.60 Million
Market Size in 2029 (USD)
11.76 %
CAGR (2017-2023)
9.76 %
CAGR (2024-2029)
Largest Market by Category
77.57 %
value share, Non-Dairy Butter, 2023
Steady increase in consumer awareness levels about ethics of producing dairy foods, and the impact of animal husbandry on the environment are the key factors driving the segment.
Largest Market by Distribution Channel
99.33 %
value share, Off-Trade, 2023
Off-trade retail channels driven by convenience stores are the preferred shopping destination for the Indian urban consumer demanding for fresh and quality products.
Fastest-growing Market by Category
12.49 %
Projected CAGR, Non-Dairy Milk, 2024-2029
Health & well-being related reasons come up as top reasons for purchase of plant-based categories in India with sustainability one of the major reasons propelling the segmental growth.
Fastest-growing Market by Distribution Channel
9.80 %
Projected CAGR, Off-Trade, 2024-2029
The ongoing demand in off-trade channels majorly through online distribution channel as it provides ease of shopping with ample option availability is inticing the growth of segment.
Leading Market Player
4.19 %
market share, The Hershey Company, 2022
The immense research and development activities by the player in the market which is letting it innovate various products in the segment making The Hershey Company, a leading player.
Market is driven by sustainable growth in sales of dairy alternatives led by off-trade retail coupled with growing revolutionization of supermarkets and hypermarkets
- The off-trade segment drives dairy alternatives sales in India. Convenience stores primarily drive the high market share of off-trade channels. These stores have always maintained a strong lead in selling dairy alternatives in the Indian market. The proximity factor of these channels, in large and small (rural) cities, provides them with an added advantage of influencing the consumer’s decision to purchase among the large variety of products available in the market. Convenience stores are expected to lead the sales of dairy alternatives in overall off-trade channels in India, with a share of 82.5% of dairy alternatives' sales in 2023.
- Supermarkets and hypermarkets are the second most opted channels for dairy alternatives sales in India. In 2023, the segment is expected to have a share of 12.3% in dairy alternatives sales. Rising urbanization and smart city development policies are promoting the expansion of supermarkets and hypermarkets in the region. Avenue Supermarts Limited, an Indian retail company, aims to add 135 DMart outlets across the country by March 2024. Reliance Retail, one of the largest grocery retailers in India, opened more than 1,000 new stores during 2021-2022 to reach a total store count of over 2,400.
- The region has a small market for on-trade channels, which is at a growing stage. Consumers prefer dairy alternatives at home and are less likely to eat from a restaurant or food service outlet. Plant-based milk and non-dairy butter are in the growing stage. Some regional restaurants use plant-based milk as an ingredient option in cocktails, smoothies, coffees, and espresso-based drinks. The sales value of plant-based milk through off-trade channels is anticipated to increase by 39% during 2024-2027.
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India Dairy Alternatives Market Trends
The vegan movement in the country drives dairy alternatives consumption in the Indian market
- The consumption of different types of dairy alternative products across India increased during the past few years due to the growing vegan population. In 2020, India had around 500 million vegetarians and around five million strict vegans. The primary reasons driving the ‘Going Vegan’ movement were lifestyle awareness among people, technological advancements, increased lifestyle ailments and allergy conditions, climate changes, and the changing perception toward sustainability.
- Among the dairy alternatives, plant-based milk, like soy and oat milk, was majorly consumed across the country and held the majority of the share in 2022. The consumer preference for sustainable ingredient sourcing concerns the hormones (plant estrogen or iso-flavones) in soy milk. Soy milk also comes with GMO-free, low-fat, and allergen-free claims, giving consumers more plant-based options to diversify their diets. Thus, the per capita consumption of soy milk increased by 5.02% in 2022 compared to 2021.
- The per capita consumption of non-dairy butter is estimated to increase by 8.64% during 2023-2024. The key factors influencing consumers’ decision to adapt to non-dairy butter are the concern for animals or sustainability and a change in dietary habits. Other dairy alternative product categories like yogurt, cheese, and ice cream are still growing.
- The increasing demand for non-dairy yogurt is being led by millennials with busy lifestyles, promoting the consumption of ready-to-eat, on-the-go snacks. Companies are introducing different variants in terms of flavors and health claims to cater to the changing tastes and preferences of consumers.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Government policy incentives in the country facilitated increased production due to increased area
India Dairy Alternatives Industry Overview
The India Dairy Alternatives Market is fragmented, with the top five companies occupying 6.20%. The major players in this market are Danone SA, Nestlé SA, ProSoya Foods, Raw Pressery and The Hershey Company (sorted alphabetically).
India Dairy Alternatives Market Leaders
Danone SA
Nestlé SA
ProSoya Foods
Raw Pressery
The Hershey Company
Other important companies include Blue Diamond Growers, Dabur India Ltd, Sanitarium Health and Wellbeing Company.
*Disclaimer: Major Players sorted in alphabetical order.
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India Dairy Alternatives Market News
- May 2022: Hershey India launched Sofit Plus, a plant protein-fortified drink. The product was developed as a part of its 'Nourishing Minds' social initiative in collaboration with IIT-Bombay, Sion Hospital, to meet the nutritional needs of underprivileged kids.
- May 2022: Nestle SA expanded its plant-based beverages by introducing a new brand, "Wunda", a pea-based beverage.
- November 2021: Blue Diamond Growers expanded its product portfolio by introducing a new product, Extra Cream Almond Milk.
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We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the dairy alternatives industry. With the help of 45+ free charts, clients can access in-depth market analysis based on per capita consumption numbers and production data of raw materials for dairy alternatives, through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on dairy alternative products, categories of dairy alternative products, product types, etc., are available in the form of comprehensive reports as well as excel based data worksheets.
India Dairy Alternatives Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Per Capita Consumption
2.2. Raw Material/Commodity Production
2.2.1. Dairy Alternative - Raw Material Production
2.3. Regulatory Framework
2.3.1. India
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Category
3.1.1. Non-Dairy Butter
3.1.2. Non-Dairy Milk
3.1.2.1. By Product Type
3.1.2.1.1. Almond Milk
3.1.2.1.2. Cashew Milk
3.1.2.1.3. Coconut Milk
3.1.2.1.4. Hazelnut Milk
3.1.2.1.5. Oat Milk
3.1.2.1.6. Soy Milk
3.2. Distribution Channel
3.2.1. Off-Trade
3.2.1.1. Convenience Stores
3.2.1.2. Online Retail
3.2.1.3. Specialist Retailers
3.2.1.4. Supermarkets and Hypermarkets
3.2.1.5. Others (Warehouse clubs, gas stations, etc.)
3.2.2. On-Trade
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. Blue Diamond Growers
4.4.2. Dabur India Ltd
4.4.3. Danone SA
4.4.4. Nestlé SA
4.4.5. ProSoya Foods
4.4.6. Raw Pressery
4.4.7. Sanitarium Health and Wellbeing Company
4.4.8. The Hershey Company
5. KEY STRATEGIC QUESTIONS FOR DAIRY AND DAIRY ALTERNATIVE CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- PER CAPITA CONSUMPTION OF DAIRY ALTERNATIVES, KG, INDIA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF INDIA DAIRY ALTERNATIVES MARKET - RAW MATERIAL, METRIC TONNES, INDIA, 2017 - 2021
- Figure 3:
- VOLUME OF DAIRY ALTERNATIVES, METRIC TONNES, BY INDIA, 2017 - 2029
- Figure 4:
- VALUE OF DAIRY ALTERNATIVES, USD, BY INDIA, 2017 - 2029
- Figure 5:
- VOLUME OF DAIRY ALTERNATIVES MARKET BY CATEGORY, METRIC TONNES, INDIA, 2017 - 2029
- Figure 6:
- VALUE OF DAIRY ALTERNATIVES MARKET BY CATEGORY, USD, INDIA, 2017 - 2029
- Figure 7:
- VOLUME SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, INDIA, 2017 VS 2023 VS 2029
- Figure 8:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY CATEGORY , %, INDIA, 2017 VS 2023 VS 2029
- Figure 9:
- VOLUME OF NON-DAIRY BUTTER MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 10:
- VALUE OF NON-DAIRY BUTTER MARKET, USD, INDIA, 2017 - 2029
- Figure 11:
- VALUE SHARE OF NON-DAIRY BUTTER MARKET, BY DISTRIBUTION CHANNEL, %, INDIA, 2022 VS 2029
- Figure 12:
- VOLUME OF DAIRY ALTERNATIVES MARKET BY PRODUCT TYPE, METRIC TONNES, INDIA, 2017 - 2029
- Figure 13:
- VALUE OF DAIRY ALTERNATIVES MARKET BY PRODUCT TYPE, USD, INDIA, 2017 - 2029
- Figure 14:
- VOLUME SHARE OF DAIRY ALTERNATIVES MARKET, BY PRODUCT TYPE , %, INDIA, 2017 VS 2023 VS 2029
- Figure 15:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY PRODUCT TYPE , %, INDIA, 2017 VS 2023 VS 2029
- Figure 16:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 17:
- VALUE OF ALMOND MILK MARKET, USD, INDIA, 2017 - 2029
- Figure 18:
- VALUE SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL, %, INDIA, 2022 VS 2029
- Figure 19:
- VOLUME OF CASHEW MILK MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 20:
- VALUE OF CASHEW MILK MARKET, USD, INDIA, 2017 - 2029
- Figure 21:
- VALUE SHARE OF CASHEW MILK MARKET, BY DISTRIBUTION CHANNEL, %, INDIA, 2022 VS 2029
- Figure 22:
- VOLUME OF COCONUT MILK MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 23:
- VALUE OF COCONUT MILK MARKET, USD, INDIA, 2017 - 2029
- Figure 24:
- VALUE SHARE OF COCONUT MILK MARKET, BY DISTRIBUTION CHANNEL, %, INDIA, 2022 VS 2029
- Figure 25:
- VOLUME OF HAZELNUT MILK MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 26:
- VALUE OF HAZELNUT MILK MARKET, USD, INDIA, 2017 - 2029
- Figure 27:
- VALUE SHARE OF HAZELNUT MILK MARKET, BY DISTRIBUTION CHANNEL, %, INDIA, 2022 VS 2029
- Figure 28:
- VOLUME OF OAT MILK MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 29:
- VALUE OF OAT MILK MARKET, USD, INDIA, 2017 - 2029
- Figure 30:
- VALUE SHARE OF OAT MILK MARKET, BY DISTRIBUTION CHANNEL, %, INDIA, 2022 VS 2029
- Figure 31:
- VOLUME OF SOY MILK MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 32:
- VALUE OF SOY MILK MARKET, USD, INDIA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF SOY MILK MARKET, BY DISTRIBUTION CHANNEL, %, INDIA, 2022 VS 2029
- Figure 34:
- VOLUME OF DAIRY ALTERNATIVES MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, INDIA, 2017 - 2029
- Figure 35:
- VALUE OF DAIRY ALTERNATIVES MARKET BY DISTRIBUTION CHANNEL, USD, INDIA, 2017 - 2029
- Figure 36:
- VOLUME SHARE OF DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL , %, INDIA, 2017 VS 2023 VS 2029
- Figure 37:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL , %, INDIA, 2017 VS 2023 VS 2029
- Figure 38:
- VOLUME OF DAIRY ALTERNATIVES MARKET BY SUB DISTRIBUTION CHANNELS, METRIC TONNES, INDIA, 2017 - 2029
- Figure 39:
- VALUE OF DAIRY ALTERNATIVES MARKET BY SUB DISTRIBUTION CHANNELS, USD, INDIA, 2017 - 2029
- Figure 40:
- VOLUME SHARE OF DAIRY ALTERNATIVES MARKET, BY SUB DISTRIBUTION CHANNELS , %, INDIA, 2017 VS 2023 VS 2029
- Figure 41:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, BY SUB DISTRIBUTION CHANNELS , %, INDIA, 2017 VS 2023 VS 2029
- Figure 42:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA CONVENIENCE STORES, METRIC TONNES, INDIA, 2017 - 2029
- Figure 43:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA CONVENIENCE STORES, USD, INDIA, 2017 - 2029
- Figure 44:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA CONVENIENCE STORES, BY CATEGORY , %, INDIA, 2022 VS 2029
- Figure 45:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA ONLINE RETAIL, METRIC TONNES, INDIA, 2017 - 2029
- Figure 46:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA ONLINE RETAIL, USD, INDIA, 2017 - 2029
- Figure 47:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA ONLINE RETAIL, BY CATEGORY , %, INDIA, 2022 VS 2029
- Figure 48:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA SPECIALIST RETAILERS, METRIC TONNES, INDIA, 2017 - 2029
- Figure 49:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA SPECIALIST RETAILERS, USD, INDIA, 2017 - 2029
- Figure 50:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA SPECIALIST RETAILERS, BY CATEGORY , %, INDIA, 2022 VS 2029
- Figure 51:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONNES, INDIA, 2017 - 2029
- Figure 52:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, INDIA, 2017 - 2029
- Figure 53:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA SUPERMARKETS AND HYPERMARKETS, BY CATEGORY , %, INDIA, 2022 VS 2029
- Figure 54:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), METRIC TONNES, INDIA, 2017 - 2029
- Figure 55:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), USD, INDIA, 2017 - 2029
- Figure 56:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), BY CATEGORY , %, INDIA, 2022 VS 2029
- Figure 57:
- VOLUME OF DAIRY ALTERNATIVES MARKET SOLD VIA ON-TRADE, METRIC TONNES, INDIA, 2017 - 2029
- Figure 58:
- VALUE OF DAIRY ALTERNATIVES MARKET SOLD VIA ON-TRADE, USD, INDIA, 2017 - 2029
- Figure 59:
- VALUE SHARE OF DAIRY ALTERNATIVES MARKET, SOLD VIA ON-TRADE, BY CATEGORY , %, INDIA, 2022 VS 2029
- Figure 60:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, INDIA, 2017 - 2029
- Figure 61:
- MOST ADOPTED STRATEGIES, COUNT, INDIA, 2017 - 2029
- Figure 62:
- VALUE SHARE OF MAJOR PLAYERS, %, INDIA, 2022
India Dairy Alternatives Industry Segmentation
Non-Dairy Butter, Non-Dairy Milk are covered as segments by Category. Off-Trade, On-Trade are covered as segments by Distribution Channel.
- The off-trade segment drives dairy alternatives sales in India. Convenience stores primarily drive the high market share of off-trade channels. These stores have always maintained a strong lead in selling dairy alternatives in the Indian market. The proximity factor of these channels, in large and small (rural) cities, provides them with an added advantage of influencing the consumer’s decision to purchase among the large variety of products available in the market. Convenience stores are expected to lead the sales of dairy alternatives in overall off-trade channels in India, with a share of 82.5% of dairy alternatives' sales in 2023.
- Supermarkets and hypermarkets are the second most opted channels for dairy alternatives sales in India. In 2023, the segment is expected to have a share of 12.3% in dairy alternatives sales. Rising urbanization and smart city development policies are promoting the expansion of supermarkets and hypermarkets in the region. Avenue Supermarts Limited, an Indian retail company, aims to add 135 DMart outlets across the country by March 2024. Reliance Retail, one of the largest grocery retailers in India, opened more than 1,000 new stores during 2021-2022 to reach a total store count of over 2,400.
- The region has a small market for on-trade channels, which is at a growing stage. Consumers prefer dairy alternatives at home and are less likely to eat from a restaurant or food service outlet. Plant-based milk and non-dairy butter are in the growing stage. Some regional restaurants use plant-based milk as an ingredient option in cocktails, smoothies, coffees, and espresso-based drinks. The sales value of plant-based milk through off-trade channels is anticipated to increase by 39% during 2024-2027.
| Category | ||||||||||
| Non-Dairy Butter | ||||||||||
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| Distribution Channel | |||||||
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| On-Trade |
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Market Definition
- Dairy Alternatives - Dairy alternatives are foods that are made from plant-based milk/oils instead of their usual animal products, such as cheese, butter, milk, ice cream, yogurt, etc. Plant-based or non-dairy milk alternative is the fast-growing segment in the newer food product development category of functional and specialty beverage across the globe.
- Non-Dairy Butter - Non dairy butter is a vegan butter alternative that is made from a mixture of plant oils. With an increase in alternative diets like vegetarianism, veganism, and gluten intolerance, plant butter is a healthy non-dairy substitute for normal butter.
- Non-Dairy Ice Cream - Plant based ice cream is a growing category. Non-dairy ice cream is a type of dessert made without any animal ingredients. This is typically considered a substitute for regular ice cream for those who cannot or do not eat animal or animal-derived products, including eggs, milk, cream, or honey.
- Plant-Based Milk - Plant based milks are milk substitutes that are made from nuts (e.g., hazelnuts, hemp seeds), seeds (e.g., sesame, walnuts, coconuts, cashews, almonds, rice, oats, etc.) or legumes (e.g., soy). Plant-based milk such as soy milk and almond milk have been popular in East Asia and the Middle East for centuries.
| Keyword | Definition |
|---|---|
| Cultured Butter | Cultured butter is prepared by having the raw butter go through chemical processing and has been added with certain emulsifiers and foreign ingredients. |
| Uncultured Butter | This type of butter is one which has not been processed in any way |
| Natural Cheese | The type of cheese in its most natural form. It is made from natural and simple products and ingredients, including fresh and natural salts, natural colors, enzymes, and high-quality milk. |
| Processed Cheese | Processed cheese undergoes the same processes as natural cheese; however, it requires more steps and many different forms of ingredients. Making processed cheese involves melting natural cheese, emulsifying it, and adding preservatives and other artificial ingredients or colorings. |
| Single Cream | Single cream contains around 18% fat. It’s a single layer of cream that appears over boiled milk. |
| Double Cream | Double cream contains 48% fat, more than double the amount of fat of single cream. It’s heavier and thicker than single cream |
| Whipping Cream | This has a much higher fat percentage than single cream (36%). Used to top cakes, pies, and puddings and as a thickener for sauces, soups, and fillings. |
| Frozen Desserts | Desserts that are meant to be eaten in frozen condition. E.g., sherbets, sorbets, frozen yogurts |
| UHT Milk (Ultra-high temperature milk) | Milk heated at a very high temperature. Ultra-high-temperature processing (UHT) of milk involves heating for 1–8 sec at 135–154°C. which kills the spore-forming pathogenic microorganism, resulting in a product with a shelf-life of several months. |
| Non-dairy butter/Plant-based butter | Butter made from plant-derived oil such as coconut, palm, etc. |
| Non-dairy Yogurt | Yogurt made from typically made from nuts, like almonds, cashews, coconuts, and even other foods like soybeans, plantains, oats, and peas |
| On-trade | It refers to restaurants, QSRs, and bars. |
| Off-trade | It refers to supermarkets, hypermarkets, on-line channels, etc. |
| Neufchatel cheese | One of the oldest kinds of cheese in France. It is a soft, slightly crumbly, mold-ripened, bloomy-rind cheese made in the Neufchâtel-en-Bray region of Normandy. |
| Flexitarian | It refers to a consumer preferring a semi-vegetarian diet, that is centered on plant foods with limited or occasional inclusion of meat. |
| Lactose Intolerance | Lactose intolerance is a reaction in digestive system to lactose, the sugar in milk. It causes uncomfortable symptoms in response to the consumption of dairy products. |
| Cream Cheese | Cream cheese is a soft and creamy fresh cheese with a tangy taste made from milk and cream. |
| Sorbets | Sorbet is a frozen dessert made using ice combined with fruit juice, fruit purée, or other ingredients, such as wine, liqueur, or honey. |
| Sherbet | Sherbet is a sweetened frozen dessert made with fruit and some sort of dairy product such as milk or cream. |
| Shelf stable | Foods that can be safely stored at room temperature, or "on the shelf," for at least one year and do not have to be cooked or refrigerated to eat safely. |
| DSD | Direct Store Delivery is the process in supply chain management wherein the product is delivered from manufacturing plant directly to the retailer. |
| OU Kosher | Orthodox Union Kosher is a kosher certification agency based in New York City. |
| Gelato | Gelato is a frozen creamy dessert made with milk, heavy cream and sugar. |
| Grass-fed Cows | Grass-fed cows are allowed to graze in pastures, where they eat a variety of grasses and clover. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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