What is the future of dairy industry in India?
Table of Contents
What is the future of dairy industry in India?
India has the largest bovine population of over 300 million, producing 198.4 million tonnes of milk in 2019-20. Despite COVID-19 induced restrictions, the organized sector is projected for a 5-6\% growth i.e. Rs 1.5 lakh crore sectoral revenue generation in 2021-22, as per CRISIL.
Is the dairy industry growing?
The global dairy products market size was valued at USD 481.08 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.5\% from 2020 to 2027. Furthermore, significant product sales through online distribution channels during the Covid-19 pandemic also supported the market growth.
What is the current status of dairy industry and what is the prospect in future?
Future prospects: The future target of the national milk production is 254.5 million tonnes by 2021-22 and to bring more than 50 \% of milk produced under the organized sector for procurement as against the present 25\%.
How big is India’s dairy industry?
These players are also improving their milk procurement network which is further facilitating the development of the dairy industry in India. Looking forward, the Indian dairy market is expected to exhibit strong growth during the next five years. Tirumala Milk Products Pvt Ltd. Bhole Baba Dairy Industries Ltd.
What are current status of dairy industry in India?
India has the highest level of milk production and consumption of all countries. The annual production was 186 million tonnes as of 2018. As of 2020, approximately 4.2\% of India’s gross domestic product was due to dairy production. In 2019, the Indian dairy sector was reported to be growing at 4.9\% yearly.
What is the current milk production of India?
Milk Production in India
| Milk production and per capita availability of milk in India | ||
|---|---|---|
| 2016-17 | 165.4 | 355 |
| 2017-18 | 176.3 | 375 |
| 2018-19 | 187.7 | 394 |
| Source: Basic Animal Husbandry Statistics, DAHD&F, GoI |
How is the dairy industry doing 2021?
The global dairy food market is expected to grow from $675.78 billion in 2020 to $722.14 billion in 2021 at a compound annual growth rate (CAGR) of 6.9\%. The market is expected to reach $956.26 billion in 2025 at a CAGR of 7\%.
Who is the target market for milk?
It is a movement in favour of having at least three daily servings of dairy products. Target audience: end consumers, the main household shopper (mainly families with children) medical practitioners and the media.
What is the current situation of Indian dairy industries?
What is milk production in India?
More. NEW DELHI: India’s milk production is growing by 35.61\% during the last six years to 198.4 million tonnes in 2019-20, says the Economic Survey. “Milk production in the country has increased from 146.3 million tonnes in 2014-15 to 198.4 million tonnes in 2019-20,” the survey said.
Which country is No 1 in milk production?
India
India is the world’s largest milk producer, with 22 percent of global production, followed by the United States of America, China, Pakistan and Brazil. Since the 1970s, most of the expansion in milk production has been in South Asia, which is the main driver of milk production growth in the developing world.
Which state is the largest producer of milk in India?
Uttar Pradesh
Major States Uttar Pradesh is the highest milk producing state in India contributing around 18\% to the total milk production, followed by Rajasthan, Andhra Pradesh, Gujarat and Punjab contributing 11\%, 10\%, 8\% and 7\% respectively.