India’s Dairy Sector Defies FMCG Slowdown, Shows Resilience Amid Challenges
Source: DairyNews.today
While the broader fast-moving consumer goods (FMCG) sector grapples with sluggish consumption growth, India’s dairy market is emerging as a standout performer, according to Akshali Shah, Executive Director of Parag Milk.
Speaking with ET Digital, Shah attributed the sector’s resilience to its ability to meet a wide spectrum of consumer demands, ranging from everyday staples to premium and health-oriented products.
“The dairy sector’s adaptability to evolving consumer needs has been a key factor in its success, even as other segments face headwinds,” Shah remarked.
However, Shah pointed to volatility in raw milk prices as a persistent challenge for the industry. These fluctuations add pressure on margins and complicate planning for both producers and retailers.
Despite these hurdles, India’s dairy sector continues to showcase its capacity to innovate and thrive in a tough economic environment, solidifying its position as a cornerstone of the FMCG landscape.
“The dairy sector’s adaptability to evolving consumer needs has been a key factor in its success, even as other segments face headwinds,” Shah remarked.
However, Shah pointed to volatility in raw milk prices as a persistent challenge for the industry. These fluctuations add pressure on margins and complicate planning for both producers and retailers.
Despite these hurdles, India’s dairy sector continues to showcase its capacity to innovate and thrive in a tough economic environment, solidifying its position as a cornerstone of the FMCG landscape.
