In December 2023, the national average retail price of milk per kilogram was ***** Indian rupees. The city of Mumbai had the highest average retail price of milk at ** rupees per kilogram, which was close to the national average.

The Wholesale Price Index of milk across India during financial year 2024 was over ***. An overall increase in the price index for milk was seen over the years from financial year 2013 in the country.

This Dataset contains state-wise daily wholesale and retail price of essential commodity Milk

During the financial year 2023, the annual inflation of milk prices in India was over ***** percent, the highest in comparison to previous years. The inflation of milk price was even higher than annual food inflation rate which is **** percent for the same year.

India Consumer Price Index (CPI): Food and Beverages: Milk and Milk Product data was reported at 188.000 2012=100 in Mar 2025. This records an increase from the previous number of 187.900 2012=100 for Feb 2025. India Consumer Price Index (CPI): Food and Beverages: Milk and Milk Product data is updated monthly, averaging 141.100 2012=100 from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 188.000 2012=100 in Mar 2025 and a record low of 82.700 2012=100 in Jan 2011. India Consumer Price Index (CPI): Food and Beverages: Milk and Milk Product data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.IB001: Consumer Price Index: 2012=100.

After seven years of growth, the Indian milk market decreased by -3.6% to $174.5B in 2024. Overall, the total consumption indicated buoyant growth from 2012 to 2024: its value increased at an average annual rate of +6.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +103.5% against 2012 indices.

Wholesale Price: Milk: West Zone: Mumbai data was reported at 4,650.000 INR/100 l in Sep 2023. This stayed constant from the previous number of 4,650.000 INR/100 l for Aug 2023. Wholesale Price: Milk: West Zone: Mumbai data is updated monthly, averaging 3,700.000 INR/100 l from Dec 2009 (Median) to Sep 2023, with 142 observations. The data reached an all-time high of 4,650.000 INR/100 l in Sep 2023 and a record low of 2,150.000 INR/100 l in Dec 2009. Wholesale Price: Milk: West Zone: Mumbai data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under Global Database’s India – Table IN.PD123: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Month End: by Cities: Milk (Discontinued).

Milk fell to 17.37 USD/CWT on July 11, 2025, down 0.06% from the previous day. Over the past month, Milk's price has fallen 7.41%, and is down 12.10% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Milk - values, historical data, forecasts and news - updated on July of 2025.

According to a survey conducted on Indian consumer's opinion on increased milk prices, 60 percent of consumers said they were paying higher prices and buying the same quantity of milk. Whereas, 20 percent of households had reduced the quantity of milk purchase and 14 percent of consumers had switched to lower cost brand and local supply sources.

Retail Price: DOAC: Milk: Cow, Buffalo: Uttar Pradesh: Saharanpur data was reported at 62.000 INR/l in Mar 2023. This stayed constant from the previous number of 62.000 INR/l for Feb 2023. Retail Price: DOAC: Milk: Cow, Buffalo: Uttar Pradesh: Saharanpur data is updated monthly, averaging 49.000 INR/l from Nov 2005 (Median) to Mar 2023, with 164 observations. The data reached an all-time high of 62.000 INR/l in Mar 2023 and a record low of 16.000 INR/l in Feb 2006. Retail Price: DOAC: Milk: Cow, Buffalo: Uttar Pradesh: Saharanpur data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Department of Agriculture and Farmers Welfare. The data is categorized under India Premium Database’s Price – Table IN.PC156: Retail Price: Department of Agriculture and Cooperation: Food: by Cities: Milk: Cow, Buffalo.

Powdered Milk Price in India - 2023. Find the latest marketing data on the IndexBox platform.

India: Milk, cheese, and eggs price index, world average = 100: The latest value from 2021 is 67.11 index points, a decline from 68.69 index points in 2017. In comparison, the world average is 120.42 index points, based on data from 165 countries. Historically, the average for India from 2017 to 2021 is 67.9 index points. The minimum value, 67.11 index points, was reached in 2021 while the maximum of 68.69 index points was recorded in 2017.

As of December 2021, the retail price index of powdered milk in India was approximately 109. This meant, the RPI of powdered milk had increased by nine percent compared to the base year of 2016. Retail prices index is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.

In 2024, the Indian evaporated and condensed milk market decreased by -31.5% to $1.5M, falling for the second year in a row after five years of growth. Over the period under review, consumption, however, enjoyed a perceptible increase. Over the period under review, the market attained the peak level at $2.3M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The India plant-based milk market, valued at $51.42 million in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 14.78% from 2025 to 2033. This surge is driven by several key factors. Increasing health consciousness among Indian consumers fuels the demand for alternatives to dairy milk, particularly among those seeking lactose-free, cholesterol-free, and vegan options. The rising awareness of the environmental impact of dairy farming also contributes to the adoption of plant-based alternatives. Furthermore, the expanding availability of diverse plant-based milk varieties, including almond, cashew, coconut, hazelnut, oat, and soy milk, caters to varied preferences and dietary needs. The growth is further facilitated by the increasing penetration of plant-based milk into various distribution channels, encompassing supermarkets, hypermarkets, convenience stores, specialist retailers, and online platforms. Leading brands like Blue Diamond Growers, Dabur India Ltd, Danone S.A., Nestlé S.A., and others are actively investing in product innovation and expansion, strengthening their market presence. However, certain challenges exist. Pricing remains a factor, with plant-based milk often more expensive than conventional dairy milk, potentially limiting accessibility for a significant portion of the Indian population. Consumer perception and taste preferences also play a role, as some individuals may find the taste and texture of plant-based milks to differ from traditional dairy milk. Overcoming these hurdles through strategic pricing, targeted marketing campaigns highlighting health and environmental benefits, and continuous product improvement will be crucial for sustained market growth. The market segmentation shows strong potential within the various product types and distribution channels, indicating opportunities for targeted strategies focusing on specific consumer segments and retail formats to maximize market penetration. This report provides a detailed analysis of the burgeoning India plant-based milk market, covering the period 2019-2033. With a base year of 2025 and an estimated year of 2025, this comprehensive study offers valuable insights into market size (in millions of units), growth drivers, challenges, and future trends. It’s a must-have resource for businesses involved in or considering entry into this rapidly expanding sector. The report also highlights key players like Blue Diamond Growers, Dabur India Ltd, Danone S.A., Nestlé S.A., and many more, examining their market share and strategies. Recent developments include: September 2024: Maiva Fresh introduced its flagship product - the Maiva Unsweetened Almond Milk. The newly branded health beverage line, "Maiva Fresh," was promoted with the slogans "Pure Good" (focusing on health) and "Pure Joy" (emphasizing taste), highlighting its dual appeal of health and flavor. With zero cholesterol, a low glycemic index (GI), and fortification with Vitamin B12 and Vitamin D, Maiva Fresh Almond is positioned as an ideal daily choice.September 2024: Oxbow Brands unveiled its latest venture, the Vegan Drink Company (VDC). VDC emerges in response to the surging demand for dairy-free products, particularly among the expanding lactose-intolerant and vegan demographics. Understanding the unique nutritional requirements of its audience, VDC crafts its beverages with a rich mix of vital vitamins, such as A, D, B1, B2, and B12, guaranteeing a tasty and wholesome dairy-free choice.August 2024: 1.5 Degree Inc. launched a product line that includes oat milk and soy milk, catering to both vegan and non-vegan consumers in search of healthier, lactose-free alternatives. The entire product line underscores health benefits, boasting gluten-free, eco-friendly, cholesterol-free, and 100% vegan options.. Key drivers for this market are: Growing Proclivity Toward Vegan/Non-Dairy Milk, Favorable Government Initiatives. Potential restraints include: Growing Proclivity Toward Vegan/Non-Dairy Milk, Favorable Government Initiatives. Notable trends are: Soy Milk Is Liked By Majority.

Wholesale Price: Milk: South Zone: Bangalore data was reported at 4,400.000 INR/100 l in Sep 2023. This stayed constant from the previous number of 4,400.000 INR/100 l for Aug 2023. Wholesale Price: Milk: South Zone: Bangalore data is updated monthly, averaging 3,250.000 INR/100 l from Nov 2009 (Median) to Sep 2023, with 133 observations. The data reached an all-time high of 4,400.000 INR/100 l in Sep 2023 and a record low of 1,540.000 INR/100 l in Dec 2009. Wholesale Price: Milk: South Zone: Bangalore data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under Global Database’s India – Table IN.PD123: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Month End: by Cities: Milk (Discontinued).

The price of skimmed milk powder (SMP) in the United States for Q4 2023 reached 2601 USD/MT in December. The price for skimmed milk powder (SMP) in India reached 2894 USD/MT in December 2023. In Germany, skimmed milk powder (SMP) prices reached 2912 USD/MT.

The Wholesale Price Index of dairy products across India during financial year 2024 was around ***. An overall increase in the price index was seen over the years from financial year 2013 in the country.

In March 2023, the Consumer Price Index (CPI) for milk and milk products across the south Asian country of India stood at 177.3. This means that the price had increased by approximately 77 percent since 2012. The CPI measures the change in consumer prices of goods and services purchased by households across India over time.

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Flavored Milk Market in India Size 2025-2029

The flavored milk market in India size is forecast to increase by USD 6.05 billion, at a CAGR of 15.4% between 2024 and 2029.

The market is characterized by the introduction of new products catering to consumers seeking high nutritional value and extended shelf life. This trend aligns with the growing awareness of health and wellness, driving demand for convenient and nutritious beverage options. However, the market faces challenges due to the rising incidence of lactose intolerance and milk allergies, necessitating innovation in product formulation to cater to these consumer segments.
Companies must navigate these challenges by introducing lactose-free and allergy-friendly alternatives, ensuring inclusive product offerings that cater to diverse consumer needs. The new product launches in the flavored milk market reflect this strategic response, as companies seek to capitalize on the opportunity to provide consumers with nutritious and accessible beverage choices.

What will be the Size of the Flavored Milk Market in India during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by shifting consumer preferences, regulatory compliance, and new product development. Consumers seek convenience and innovation, leading to the rise of flavored milk in various sectors, from retail stores to convenience outlets. Pricing and marketing strategies adapt to price sensitivity and consumer behavior. Artificial and natural flavors infuse milk with diverse taste profiles, from vanilla and fruit purees to chocolate and strawberry. Milk fat content varies, with low-fat, fat-free, and reduced-fat options catering to health-conscious consumers. Vitamin D fortification and aseptic packaging extend shelf life, ensuring product quality and food safety. Product innovation drives the market, with companies integrating milk solids, flavor enhancers, and dairy ingredients to create unique offerings.

Regulatory compliance remains a priority, with strict adherence to food safety and environmental impact standards. Brand loyalty is a significant factor, with consumers drawn to trusted brands and high-quality products. Online retail and cold chain logistics expand distribution channels, ensuring accessibility and convenience. New product development continues, with the integration of natural sweeteners, whey protein, and fortified milk options. Milk processing technologies and packaging innovations, such as Tetra Pak and flexible packaging, streamline supply chain management and enhance consumer experience. The market's continuous dynamism underscores the importance of staying attuned to evolving trends and consumer preferences.

How is this Flavored Milk in India Industry segmented?

The flavored milk in India industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Flavor

  Chocolate
  Fruit
  Vanilla
  Others


Distribution Channel

  Offline
  Online


Type

  Dairy-based
  Plant-based


Packaging

  Pouches
  Tetra packs
  Bottles
  Cans


Geography

  APAC

    India

By Flavor Insights

The chocolate segment is estimated to witness significant growth during the forecast period.

In India's dynamic dairy market, the flavored milk segment, particularly chocolate milk, experiences significant growth. Consumers' increasing health consciousness drives this trend, as chocolate milk offers a more appealing taste profile while delivering health benefits. Antioxidant-rich cocoa, a key ingredient in chocolate milk, reduces cell damage and prevents heart disease risks. Retail stores capitalize on this preference through various pricing and marketing strategies. Distribution channels, including cold chain logistics and tetra pak packaging, ensure product freshness and convenience. Companies like Nestle and Parag Milk cater to this segment, innovating with natural and artificial flavors, vitamin D fortification, and aseptic packaging.

Supply chain management and food safety are crucial aspects of production, with quality control and taste preferences shaping consumer loyalty. Online retail and convenience stores expand distribution channels, while regulatory compliance and environmental impact considerations influence new product development. Consumer behavior and price sensitivity shape milk processing techniques, with reduced-fat and fat-free milk options available alongside chocolate milk and strawberry milk. Packaging technologies and natural sweeteners, including milk solids, whey protein, and fortified milk, further enhance product offerings.

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