The Indian dairy and milk processing market consists of organizations that deal with manufacturing, treating, storing and packaging of milk products. This includes milk, ice-cream, concentrated butter milk, and whey powder. The milk processing methods include cooling, conversion and pasteurization into high-value products.
According to research by a leading market research company, the dairy and milk processing industry in India is expected to expand at a compound annual growth rate (CAGR) of ~14.8% between FY 2018 and FY 2023, and will reach INR 2,458.7 Bn in FY 2023. As of 2018, India was the leader in milk production in the world, accounting for 19% of the global market share. Due to its increasing population, there is an increasing demand for milk in the country. It one of the primary dairy consumables in India.
State wise Segmentation:
Uttar Pradesh, Gujarat and Rajasthan are the major milk producing state in the country. Uttar Pradesh is home to the largest buffalo population and second largest cattle population. Gujarat has several cooperative dairy milk unions, primary milk cooperative societies and private dairy plants.
Key Growth Drivers:
With a bovine population of 299.9 Mn, India’s livestock sector is the largest in the world. This sector comprises of cattle, buffalo, yak and mithun. The growth of the dairy and milk processing market in India is dependent on the steady supply of milk, which is the raw material of this industry.
Key Deterrents:
India faces a lack of cold storage which leads to wastage of dairy output. The growth of this sector is greatly hampered by a lack of sufficient storage facilities and efficient distribution. The production of fodder is greatly affected by recurring droughts and floods. Lack of proper feed and fodder for milch animals, affect the availability of dairy production and milk processing.
For India, the export of dairy products has increased to countries like Bhutan, Afghanistan, Canada, Egypt, and the United Arab Emirates.
According to research by a leading market research company, the dairy and milk processing industry in India is expected to expand at a compound annual growth rate (CAGR) of ~14.8% between FY 2018 and FY 2023, and will reach INR 2,458.7 Bn in FY 2023. As of 2018, India was the leader in milk production in the world, accounting for 19% of the global market share. Due to its increasing population, there is an increasing demand for milk in the country. It one of the primary dairy consumables in India.
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| Dairy and Milk Processing Market |
Uttar Pradesh, Gujarat and Rajasthan are the major milk producing state in the country. Uttar Pradesh is home to the largest buffalo population and second largest cattle population. Gujarat has several cooperative dairy milk unions, primary milk cooperative societies and private dairy plants.
Key Growth Drivers:
With a bovine population of 299.9 Mn, India’s livestock sector is the largest in the world. This sector comprises of cattle, buffalo, yak and mithun. The growth of the dairy and milk processing market in India is dependent on the steady supply of milk, which is the raw material of this industry.
Key Deterrents:
India faces a lack of cold storage which leads to wastage of dairy output. The growth of this sector is greatly hampered by a lack of sufficient storage facilities and efficient distribution. The production of fodder is greatly affected by recurring droughts and floods. Lack of proper feed and fodder for milch animals, affect the availability of dairy production and milk processing.
For India, the export of dairy products has increased to countries like Bhutan, Afghanistan, Canada, Egypt, and the United Arab Emirates.
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