Future Of Dairy Industry In India

Subject : Future Of Dairy Industry In India

Wednesday, February 20, 2013

Dairy Industry plays an important role in in the socio-economic development of India generating huge rural employement and providing cheap and nutritional food to a vast population.The Indian Dairy Industry is growing very rapidly, trying to keep a pace with the galloping progress around the world.

Presently, India is the world's largest milk producer, accounting for more than 13 percent of the world's total milk production. In  the next 10years, India's dairy sector is expected to triple its production in view of expanding potential for export to Europe and the the West. The urban market for milk products is expected to grow at an accelerated pace of around 33 percent per annum to around Rs. 43,500 crore by 2015.

The emergence of a significant middle-class, urbanisation and the expansion of modern shopping habits by busy, health concious and well-informed consumers is raising the consumption of packaged milk in India. Economic growth is sustaining the purchaseing power of Asia's middle-class, which is convenience stores from Shanghai to Mumbai.

The global opportunities available to the Indian dairy industry arise primarily out of availability of a large quantity of competitively priced milk. Most of the traditional health and wellness products sold through the dairy sector are represented by processed dairy products such as malt beverages and infant nutritional products.

The visible trends are that the consumption of milk products is on the rise. While it is growing at about 1-1.2 percent elsewhere in the developed world, India and China are beating these trends. A number of categories which are highly dependent on organised retail like frozen food products are expected to witness significant growth in the years ahead.

Keywords : Future Of Dairy Industry In India