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Parag Dairy Foods increases whey protein line along with Rs 300 cr financial investment eyes 25% market reveal by FY28, ET Retail

.Akshali Shah, Exec Supervisor, Parag Dairy FoodsNew Delhi: Parag Dairy Foods has actually increased its own whey healthy protein product line under the Avvatar brand name, with a focus on personalization of the items for the consumers as aspect of its brand-new advertising strategy, Akshali Shah, executive supervisor at Parag Milk Foods said in a discussion along with ETRetail.With this development and requirements of the category expanding at a 30-35 per-cent CAGR, it strives to obtain a 20-25 per cent market share in this group through 2027-28. The company has actually established its own whey protein production center in Pune, Maharashtra which provides it a competitive edge as well as reinforces its own market opening, Shah shared.The firm has spent roughly Rs 300 crore in setting up as well as expanding its own whey protein manufacturing capability.The whey healthy protein category, which currently assists 7 per cent to Parag's overall income, is actually assumed to contribute 15 per cent in the next 3-4 years. Currently, concerning one-third of the provider's whey healthy protein sales stem from e-commerce platforms, giving it a countrywide reach.To cater to the youth and gym-goers and further take advantage of the increasing requirement, Parag Milk Foods plans to disperse its products with modern profession shops, specialized whey healthy protein outlets, as well as online networks, making sure omnichannel availability.This aggressive development aim at is also backed by the business's influencer-driven marketing projects and also its own durable circulation system, that includes over 35 depots as well as a sturdy visibility in both typical as well as digital retail.As every the company's Q1 FY25 regulative upgrade, the company has a system of ~ 6200 reps and 682 very stockists. It also possesses a presence in 4.6 lakh retail contact points and strives to get to 13-15 lakh touch aspects through 2027E.
Published On Sep 30, 2024 at 09:52 AM IST.




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