Description
Dairy product manufacturing industry in India is one of the important components of the country’s food processing and agricultural division. India is world’s biggest manufacturer and consumer of milk. The rural and urban economies of the country are greatly benefited from the dairy sector. The Indian dairy market, which was valued at about INR 10,000 crore in 2023, is envisioned for increasing at a compound annual increase of 6-7% starting 2024 to 2028, reaching a predictable INR 12,000 crore by that time. A steady increase in milk production, a shift in customer inclinations toward processed and value-added dairy products. An increasing prominence in health-conscious expenditure are some of the major factors impelling the market.
Dairy product manufacturing industry produces a wide range of dairy products such as yogurt, ghee, cheese, milk, ice cream and other milk-based products. Utilization patterns are developing from the metropolitan regions. Especially seeing an inclined demand for appropriate, health-concerned, and focused dairy products like flavored cheese, yogurt, and low-fat milk. The aim of conducting this research is expanding the Indian dairy industry to an enhanced level. Moreover, dairy items that take care of health patterns, like sustained milk and probiotic-rich yogurt are building up forward drive on the market.
India’s dairy area advances from a huge and different cultivating local communities, which incorporates both limited farmers and huge enterprises. In both urban and rural markets, the cooperative model demonstrated by companies like Amul is vital to the distribution of milk. Support from the governments through PMKSY and NDDB has also made the industry boost its strength and growth. Enhancing the infrastructure of the dairy and delivering the subsidiaries to the farmer efficiently. In any case, the business encounters a few difficulties, including production supply chain shortcomings, price unpredictability of raw materials, and opposition from both neighborhood and worldwide brands. Administrative and quality control problems like milk adulteration, additionally represent a danger to buyer certainty and stability of the industry also. The future viewpoint for the Indian dairy industry stays positive, despite these challenges.
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