GLOBAL DAIRY & MILK PROCESSING INDUSTRY:

Dairy is described as a company that specialises in the processing and collection of animal milk for human consumption. Cows, goats, buffalo, camels, and sheep are some of the most prevalent milch animals. These animals’ milk can be consumed fresh or processed into ice cream, cheese, butter, condensed milk, and yoghurt. Calcium, proteins, zinc, magnesium, and vitamins D and B12 are all present in these goods. Dairy has a critical part in global economic growth due to widespread demand for dairy products and its proactive role in the global food market. The key factors for this market’s growth include increased dairy product consumption and a shift in customer preference from meat to dairy products for protein enrichment. The simple availability of dairy products as a result of modern retail facilities and cold chain logistics propels market growth even further. Product safety has improved in the dairy business throughout time as a result of specialisation, technology, and consolidation. Furthermore, changes in global trade have had an impact on the profitability of dairy farms.

VALUE ADDED DAIRY PRODUCTS MARKET:

The dairy business has been swept up in the value-added market. As consumers’ spending power grows, so does their propensity to purchase healthier, superfoods, which we refer to as value-added items. Cheese, paneer, ghee, yoghurt, probiotic drinks, and other dairy products are examples of value-added products. These are liquid milk products that have been altered, enhanced with additions, separated, and so on. Dairies and FMCG firms have been able to earn good money out of a typically loss-making SKU, liquid milk, by adapting various strategies to manufacture a more profitable product out of milk.

DAIRY & MILK PROCESSING MARKET IN INDIA:

India is the world’s biggest milk producer, with 19% of the worldwide market share. The milk processing business in India is predicted to increase at a CAGR of 14.8% over the next five years. Milk is one of India’s most important dairy products, and its rising demand is due to the country’s growing population. The biggest milk-producing states in India are Uttar Pradesh, Rajasthan, and Gujarat. Because it has the biggest buffalo population and the second-highest cow population in the country, Uttar Pradesh is the country’s largest dairy and milk-producing state. The majority of the state’s rural population is involved in livestock and dairy farming. Gujarat has a large number of cooperative dairy milk unions, private dairy plants, and primary milk cooperative societies that are all important in the state’s milk production. Dairy exports from India have risen to nations such as Bhutan, Afghanistan, Canada, Egypt, and the United Arab Emirates. Dairy products from France, New Zealand, Ireland, France, Ukraine, and Italy have also been imported in large quantities into India.

GLOBAL MARKET OUTLOOK:

The global dairy products market is predicted to increase at a CAGR of 2.5 percent over the next five years. One of the key drivers of market expansion is the increased demand for milk and milk-based components. Population expansion, growing affluence, more health awareness, and a thriving food and beverage business are all factors. Incorporation of automated technologies in dairy farms is another key trend in the sector. Farmers now have easier access to innovative tools that aid in measuring data for operations such as grass and herd management. Aside from that, the industry offers a variety of robotics, smartphone data applications, satellite systems, and drones to help farmers make profitable and efficient decisions. Aside from that, there has been an increase in demand for clean label items that are free of additives, artificial preservatives, and chemicals. As a result, manufacturers are being compelled to diversify their product offering by introducing organic dairy products.

TOP PLAYERS WORLDWIDE:

• Dairy Farmers of America
• Amul
• Britannia Industries Ltd
• Nandini
• Fonterra
• Mother Dairy
• Groupe Lactalis
• Arla Foods
• Nestlé Dairy
• DMK