India’s milk production is expected to jump three-fold to 628 million tonnes in the next 25 years with an average annual growth of 4.5 per cent, Amul Managing Director R S Sodhi said on Monday.
Size of Indian dairy market to jump over 2-fold to Rs 30 lakh cr by 2027 said Meenesh Shah Chairman NDDB.Shah said the size of Indian dairy market stood at Rs 13 trillion in 2021 and it
is expected to reach Rs 30 trillion by 2027.
The country’s milk production was 210 million tonnes in 2021, the MD of Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the Amul brand, said.
“Milk production in India is projected to grow at a CAGR of 4.5 per cent to reach 628 million tonnes in the next 25 years,” he said while giving a presentation on the outlook of the Indian dairy sector over the next 25 years.
Sodhi was speaking at International Dairy Federation World Dairy Summit (IDF WDS) 2022, being organised at India Expo Centre & Mart here during September 12-15.
India’s share in global production is estimated to nearly double to 45 per cent in the next 25 years from 23 per cent now.
The demand is also set to increase because of the rising population, Sodhi said.
The demand for milk is expected to rise to 517 million tonnes in the next 25 years, leaving an export surplus of 111 million tonnes, he said.
The GCMMF MD said the per capita availability of milk in India will increase to 852 grams per day in the next 25 years from 428 grams per day in 2021.
Sodhi highlighted that India’s dairy sector has the most efficient supply chain in the world. The packaging and transportation costs for supplying milk to consumers are very less compared to the global average.
Source : News drum sep 12 2022