India: A Global Leader in the Dairy Industry

India holds the prestigious title of being the largest producer of milk globally, with an astounding output of approximately 221 million tonnes in 2022. This sector plays a crucial role in India's agrarian economy, supporting millions of small and marginal farmers.

Key Statistics

• Number of Dairy Cattle (2021): Approximately 192 million, including both cattle and buffaloes.
• Milk Production Volume (2021-2022): Approximately 208 million tonnes.
• Dairy Goats: India had around 135 million dairy goats in 2021.
• Milk Processing Volume: Estimated at 65-70 million tonnes annually.
• Cheese Production Volume: Approximately 90,000 tonnes annually.
• Milk Powder and Whey Production Volume: About 600,000 tonnes per year.

Key Enterprises in India's Dairy Market

• Amul
• Mother Dairy
• Milky Mist
• Parag Milk Foods
• Yakult Danone India

Major Dairy Farms and Operators

• Baramati Agro Ltd.
• Hatsun Agro Product Ltd.
• Karnataka Milk Federation
• Heritage Foods
• Vijay Dairy & Farm Products

Exports and Imports

• Export: Approximately 100,000 tonnes of dairy products annually.
• Import: About 50,000 tonnes annually.

Significant Market Events

• Consulting company JORDBRUKARE published milk procurement prices across states.
• Milky Mist is planning an IPO with a valuation target of Rs 20,000 crore.
• Mother Dairy aims for a Rs 17,000 crore turnover in FY 2025, marking a 13% increase.
• Union Minister Amit Shah addressed allegations about milk powder imports.
• Fonterra outsourcing financial services to partners in Bangalore.
• Parag Milk Foods reported a 27% increase in net profit due to growth in ghee and cheese.
• Yakult Danone India launched 'Yakult Light Mango', aiming for a 50% sales boost.
• Godrej Agrovet showed a 28.3% increase in first-quarter net profit.
• India won the bid to host the World Dairy Summit 2027 at IDF General Assembly.
• Protracted trade negotiations between the EU and India focusing on dairy market access.
• India marked National Milk Day 2024 with a high-profile celebration at New Delhi’s Manekshaw Centre, commemorating the 103rd birth anniversary of Dr. Verghese Kurien.
• Kasaragod is set to host Kerala's largest government-operated goat farm, focusing on the conservation and breeding of the indigenous Malabari goat breed.
• Mother Dairy, a leading player in the Indian dairy and food sector, has signed an agreement with the National Cooperative Organics Limited (NCOL).

India's dairy sector continues to evolve and expand, maintaining a focus on sustainability and global competitiveness. The array of strategic developments and market trends points towards a vigorous progression in both domestic and international arenas. Recent shifts in consumer behavior in India suggest evolving priorities among Indian households.

Modified: 2024/12/11

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