Dairy Market Supply-Demand, Industry Research and End User Analysis, Outlook
Over the years, India has emerged as one of the world’s biggest producers of milk, with the total milk production rising from 122 Million Metric Tons in 2010-11 to 162 Million Metric Tons in 2016-17. Despite this, the majority of the Dairy Industry in India is still highly unorganised dominated by small and marginal dairy farmers. As the industry possesses huge untapped opportunities, it has attracted a number of private companies and investors. In addition, the Indian government has also been taking initiatives towards the development of the dairy sector by providing support to the milk cooperatives and rural milk producers. Moreover, the sustained growth of the Indian economy has led to a rise in the spending power of consumers, rapid urbanisation as well as changes in the dietary patterns. With an increase in the working population, hectic lifestyles and increasing health consciousness among the consumers, there has been a shift towards healthy and ready-to-eat dairy products. ...