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PUBLISHER: IMARC | PRODUCT CODE: 1661016
PUBLISHER: IMARC | PRODUCT CODE: 1661016
India Milkshake Market Report by Flavor, Packaging, Distribution Channel, and Region 2025-2033
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The Indian milkshake market size reached INR 7.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach INR 34.2 Billion by 2033, exhibiting a growth rate (CAGR) of 17.47% during 2025-2033.
A milkshake is a cold and blended dairy-based beverage prepared using milk, ice-creams, flavoring syrups and sugars. It is available in a wide variety of flavors, such as vanilla, chocolate and strawberry. Various toppings, including sweetened dry cereal, toasted coconut, marshmallows, biscuits, fresh fruits, cinnamon, clove and dry cakes, are added to enhance the flavor of the beverage. Certain cafes and restaurants also offer savory variants prepared using olive oil, sesame seeds and sea salt. Thick milkshakes are usually prepared using commercial milkshake machines in professional kitchens, which have specialized settings for blending speed to adjust the consistency of the shake. They are commonly served in bottles, pouches and cartons.
India Milkshake Market Trends:
Significant growth in the food and beverage industry is one of the key factors creating a positive outlook for the market in the country. Moreover, increasing private label offerings across India is providing a thrust to the market growth. International milkshake brands are also establishing their franchise outlets in metropolitan cities for convenient product distribution. In line with this, changing lifestyles and dietary patterns of the consumers are also contributing to the market growth. With the increasing number of shopping malls and recreational centers, there is a shifting preference among consumers, especially millennials, from carbonated drinks toward milkshakes as a healthier alternative. Additionally, various product innovations, such as the launch of packaged milkshakes in novel flavors and ready-to-drink (RTD) travel-friendly packaging solutions, are acting as other growth-inducing factors. Product manufacturers are also developing milkshakes with natural and organic ingredients with no preservatives and artificial sugars to attract a wider consumer base. Other factors, including rapid urbanization, along with the increasing expenditure capacities of the consumers, are anticipated to drive the market toward growth.
Key Market Segmentation:
Breakup by State:
- Karnataka
- Maharashtra
- Tamil Nadu
- Delhi
- Gujarat
- Andhra Pradesh and Telangana
- Uttar Pradesh
- West Bengal
- Kerala
- Haryana
- Punjab
- Rajasthan
- Madhya Pradesh
- Bihar
- Orissa
- Others
Breakup by Flavor:
- Vanilla
- Strawberry
- Chocolate
- Banana
- Others
Breakup by Packaging:
- Bottles
- Pouches
- Cartons
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Milk Parlours
- Online Stores
- Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Government Regulations
Competitive Landscape
- Competitive Structure
- Key Player Profiles
- CavinKare
- Mother Dairy
- GCMMF
- KMF
- Hershey
This report provides a deep insight into the Indian milkshake market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for milkshake manufacturers, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian milkshake market in any manner.
Key Questions Answered in This Report
- 1.What was the size of the India milkshake market in 2024?
- 2.What is the expected growth rate of the India milkshake market during 2025-2033?
- 3.What are the key factors driving the India milkshake market?
- 4.What has been the impact of COVID-19 on the India milkshake market?
- 5.What is the breakup of the India milkshake market based on the flavor?
- 6.What is the breakup of the India milkshake market based on the distribution channel?
- 7.What are the key regions in the India milkshake market?
- 8.Who are the key players/companies in the India milkshake market?
Product Code: SR112025A1383
Table of Contents
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 Breakup 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 Market Breakup by Region
- 5.8 Market Forecast
6 Indian Milkshake 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
- 6.5 Market Breakup by State
- 6.6 Market Breakup by Flavor
- 6.7 Market Breakup by Packaging
- 6.8 Market Breakup by Distribution Channel
- 6.9 Market Forecast
- 6.10 SWOT Analysis
- 6.10.1 Overview
- 6.10.2 Strengths
- 6.10.3 Weaknesses
- 6.10.4 Opportunities
- 6.10.5 Threats
- 6.11 Value Chain Analysis
- 6.12 Porter's Five Forces Analysis
- 6.12.1 Overview
- 6.12.2 Bargaining Power of Buyers
- 6.12.3 Bargaining Power of Supplier
- 6.12.4 Degree of Competition
- 6.12.5 Threat of New Entrants
- 6.12.6 Threat of Substitutes
- 6.13 Key Success Factors and Risk Factors
7 Market Breakup by Flavor
- 7.1 Vanilla
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Strawberry
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Chocolate
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Banana
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Packaging
- 8.1 Bottles
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Pouches
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Cartons
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Distribution Channel
- 9.1 Supermarkets and Hypermarkets
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Convenience Stores
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Milk Parlours
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Online Stores
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Performance of Key Regions
- 10.1 Karnataka
- 10.2 Maharashtra
- 10.3 Tamil Nadu
- 10.4 Delhi
- 10.5 Gujarat
- 10.6 Andhra Pradesh and Telangana
- 10.7 Uttar Pradesh
- 10.8 West Bengal
- 10.9 Kerala
- 10.10 Haryana
- 10.11 Punjab
- 10.12 Rajasthan
- 10.13 Madhya Pradesh
- 10.14 Bihar
- 10.15 Orissa
- 10.16 Others
11 Competitive Landscape
- 11.1 Competitive Structure
- 11.2 Market Share of Key Players
12 Key Player Profiles
- 12.1 GCMMF
- 12.2 KMF
- 12.3 Mother Dairy
- 12.4 CavinKare
- 12.5 Hershey
Product Code: SR112025A1383
List of Figures
- Figure 1: India: Dairy 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: Dairy Market: Total Milk Production (in Million Metric Tons), 2019-20 - 2024-25
- Figure 5: India: Dairy Market: Total Milk Consumption (in Million Metric Tons), 2019-20 - 2024-25
- Figure 6: India: Dairy Market: Total Milk Production Forecast (in Million Metric Tons), 2025-26 - 2033-34
- Figure 7: India: Dairy Market: 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: India: Milkshake Market: Major Drivers and Challenges
- Figure 11: India: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 12: India: Milkshake Market: Value Trends (in Billion INR), 2019-2024
- Figure 13: India: Milk Market: Procurement Prices (in INR/Litre), 2019-2024
- Figure 14: India: Milkshake Market: Average Prices (in INR/Litre), 2019-2024
- Figure 15: India: Milkshake Market: Breakup by Flavor (in %), 2024
- Figure 16: India: Milkshake Market: Breakup by Packaging (in %), 2024
- Figure 17: India: Milkshake Market: Breakup by Distribution Channel (in %), 2024
- Figure 18: India: Milkshake Market: Breakup by State (in %), 2024
- Figure 19: India: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 20: India: Milkshake Market Forecast: Value Trends (in Billion INR), 2025-2033
- Figure 21: India: Milkshake Industry: SWOT Analysis
- Figure 22: India: Milkshake Industry: Value Chain Analysis
- Figure 23: India: Milkshake Industry: Porter's Five Forces Analysis
- Figure 24: India: Milkshake Market (Vanilla): Volume Trends (in Million Litres), 2019 & 2024
- Figure 25: India: Milkshake Market Forecast (Vanilla): Volume Trends (in Million Litres), 2025-2033
- Figure 26: India: Milkshake Market (Strawberry): Volume Trends (in Million Litres), 2019 & 2024
- Figure 27: India: Milkshake Market Forecast (Strawberry): Volume Trends (in Million Litres), 2025-2033
- Figure 28: India: Milkshake Market (Chocolate): Volume Trends (in Million Litres), 2019 & 2024
- Figure 29: India: Milkshake Market Forecast (Chocolate): Volume Trends (in Million Litres), 2025-2033
- Figure 30: India: Milkshake Market (Banana): Volume Trends (in Million Litres), 2019 & 2024
- Figure 31: India: Milkshake Market Forecast (Banana): Volume Trends (in Million Litres), 2025-2033
- Figure 32: India: Milkshake Market (Other Flavors): Volume Trends (in Million Litres), 2019 & 2024
- Figure 33: India: Milkshake Market Forecast (Other Flavors): Volume Trends (in Million Litres), 2025-2033
- Figure 34: India: Milkshake Market (Bottles): Volume Trends (in Million Litres), 2019 & 2024
- Figure 35: India: Milkshake Market Forecast (Bottles): Volume Trends (in Million Litres), 2025-2033
- Figure 36: India: Milkshake Market (Pouches): Volume Trends (in Million Litres), 2019 & 2024
- Figure 37: India: Milkshake Market Forecast (Pouches): Volume Trends (in Million Litres), 2025-2033
- Figure 38: India: Milkshake Market (Cartons): Volume Trends (in Million Litres), 2019 & 2024
- Figure 39: India: Milkshake Market Forecast (Cartons): Volume Trends (in Million Litres), 2025-2033
- Figure 40: India: Milkshake Market (Other Packaging Types): Volume Trends (in Million Litres), 2019 & 2024
- Figure 41: India: Milkshake Market Forecast (Other Packaging Types): Volume Trends (in Million Litres), 2025-2033
- Figure 42: India: Milkshake Market: Sales through Supermarkets and Hypermarkets (in Million Litres), 2019 & 2024
- Figure 43: India: Milkshake Market Forecast: Sales through Supermarkets and Hypermarkets (in Million Litres), 2025-2033
- Figure 44: India: Milkshake Market: Sales through Convenience Stores (in Million Litres), 2019 & 2024
- Figure 45: India: Milkshake Market Forecast: Sales through Convenience Stores (in Million Litres), 2025-2033
- Figure 46: India: Milkshake Market: Sales through Milk Parlours (in Million Litres), 2019 & 2024
- Figure 47: India: Milkshake Market Forecast: Sales through Milk Parlours (in Million Litres), 2025-2033
- Figure 48: India: Milkshake Market: Sales through Online Stores (in Million Litres), 2019 & 2024
- Figure 49: India: Milkshake Market Forecast: Sales through Online Stores (in Million Litres), 2025-2033
- Figure 50: India: Milkshake Market: Sales through Other Distribution Channels (in Million Litres), 2019 & 2024
- Figure 51: India: Milkshake Market Forecast: Sales through Other Distribution Channels (in Million Litres), 2025-2033
- Figure 52: Karnataka: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 53: Karnataka: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 54: Karnataka: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 55: Karnataka: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 56: Maharashtra: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 57: Maharashtra: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 58: Maharashtra: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 59: Maharashtra: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 60: Tamil Nadu: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 61: Tamil Nadu: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 62: Tamil Nadu: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 63: Tamil Nadu: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 64: Delhi: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 65: Delhi: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 66: Delhi: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 67: Delhi: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 68: Gujarat: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 69: Gujarat: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 70: Gujarat: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 71: Gujarat: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 72: Andhra Pradesh and Telangana: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 73: Andhra Pradesh and Telangana: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 74: Andhra Pradesh and Telangana: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 75: Andhra Pradesh and Telangana: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 76: Uttar Pradesh: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 77: Uttar Pradesh: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 78: Uttar Pradesh: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 79: Uttar Pradesh: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 80: West Bengal: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 81: West Bengal: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 82: West Bengal: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 83: West Bengal: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 84: Kerala: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 85: Kerala: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 86: Kerala: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 87: Kerala: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 88: Haryana: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 89: Haryana: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 90: Haryana: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 91: Haryana: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 92: Punjab: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 93: Punjab: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 94: Punjab: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 95: Punjab: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 96: Rajasthan: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 97: Rajasthan: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 98: Rajasthan: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 99: Rajasthan: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 100: Madhya Pradesh: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 101: Madhya Pradesh: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 102: Madhya Pradesh: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 103: Madhya Pradesh: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 104: Bihar: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 105: Bihar: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 106: Bihar: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 107: Bihar: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 108: Orissa: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 109: Orissa: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 110: Orissa: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 111: Orissa: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
- Figure 112: Others: Milkshake Market: Volume Trends (in Million Litres), 2019-2024
- Figure 113: Others: Milkshake Market: Value Trends (in Million INR), 2019-2024
- Figure 114: Others: Milkshake Market Forecast: Volume Trends (in Million Litres), 2025-2033
- Figure 115: Others: Milkshake Market Forecast: Value Trends (in Million INR), 2025-2033
List of Tables
- Table 1: India: Dairy Market: Key Industry Highlights, 2024 and 2033
- Table 2: India: Dairy Market: Milk Production Breakup by State (in Million Litres), 2019-20 - 2024-25
- Table 3: India: Dairy Market: Milk Production Breakup by Cattle (in Million Litres), 2019-20 - 2024-25
- Table 4: India: Milkshake Market Forecast: Breakup by Flavor (in Million Litres), 2025-2033
- Table 5: India: Milkshake Market Forecast: Breakup by Packaging (in Million Litres), 2025-2033
- Table 6: India: Milkshake Market Forecast: Breakup by Distribution Channel (in Million Litres), 2025-2033
- Table 7: India: Milkshake Market Forecast: Breakup by State (in Million Litres), 2025-2033
- Table 8: India: Milkshake Market: Competitive Structure
- Table 9: India: Milkshake Market: Key Players
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