List of Profitable Manufacturing Business Ideas. Projects on Milk Processing & Dairy Products, Milk and Milk Products.
Production of Butter, Cheese, Ghee, Ice Creams, Chocolate, Curd, Lassi, Flavored Milk, UHT Milk, Fluid Milk, Milk Powder, Skimmed Milk Powder Non-Dairy Cream, Buttermilk, Condensed Milk, Cottage Cheese, Casein, Yogurt, value added Dairy Products
India is the world’s largest producer and consumer of milk and dairy products. The country has experienced noteworthy improvement in the per capita availability of milk over the last five years. The unorganized sector comprising of small farmers and cooperatives contribute primarily to the dairy market. Over the last few years, the organized sector has been catching up rapidly by offering customized products to the end consumers, thereby causing a rise in the organized market share. The Indian dairy market is now witnessing the entry of a large number of foreign players.
The market for dairy products in India has grown rapidly over the last few decades and anticipated to be growing at a faster rate when compared to the global dairy products market. India’s demand for milk and milk products is increasing twice as fast as the production of milk. The market is also witnessing a consumer shift towards healthier products such as UHT milk, probiotic drinks and yoghurts, etc.
The dairy sector in India which epitomizes the socio-economic development of the country forms a crucial growth segment for India’s economy. Increasing revenues and meliorated profits of the sector’s domestic players, a trend of diversification and consolidation observed in the sector, and foreign companies’ foray into the segment, are some of the indicators which elicit that India's dairy industry will swiftly tread the growth trajectory in the years to come. As the industry emerges, investors find it lucrative to bet money on it given its high growth potential. Rising disposable incomes and growing demand for dairy products are likely to fuel the Indian dairy industry’s growth over the next few years. The Indian dairy industry significantly offers good opportunities for both domestic and foreign conglomerates/investors for entry and expansion.