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Parag Milk Foods increases whey healthy protein line with Rs 300 cr investment eyes 25% market portion by FY28, ET Retail

.Akshali Shah, Executive Supervisor, Parag Dairy FoodsNew Delhi: Parag Dairy Foods has extended its whey protein series under the Avvatar label, along with a concentrate on personalization of the products for the customers as component of its own new advertising and marketing approach, Akshali Shah, corporate supervisor at Parag Milk Foods pointed out in a talk with ETRetail.With this growth and also requirements of the classification growing at a 30-35 per-cent CAGR, it targets to obtain a 20-25 percent market share in this classification by 2027-28. The provider has currently put together its own whey protein production center in Pune, Maharashtra which gives it an one-upmanship and also boosts its own market role, Shah shared.The provider has actually committed approximately Rs 300 crore in setting up and also growing its own whey healthy protein manufacturing capability.The whey protein classification, which presently assists 7 per cent to Parag's total profits, is actually assumed to contribute 15 per cent in the next 3-4 years. Currently, regarding one-third of the firm's whey protein purchases come from shopping platforms, offering it an all over the country reach.To satisfy the youth and also gym-goers and also further maximize the increasing demand, Parag Milk Foods organizes to distribute its own products with modern-day business outlets, concentrated whey protein establishments, and also online channels, ensuring omnichannel availability.This assertive development intended is additionally supported by the provider's influencer-driven marketing campaigns and also its sturdy circulation network, which includes over 35 depots as well as a tough presence in both standard and electronic retail.As per the provider's Q1 FY25 governing update, the company possesses a system of ~ 6200 distributors and 682 very stockists. It additionally has a visibility in 4.6 lakh retail touch points as well as aims to connect with 13-15 lakh contact aspects through 2027E.
Published On Sep 30, 2024 at 09:52 AM IST.




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