Sectoral Capsule - A Snapshot of the Indian Dairy Industry

 Published On: Jul, 2013 |    No of Pages: 20 |  Published By: Gyan Research and Analytics | Format: PDF
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The dairy industry in India has been on a steady path of progression since Indian independence. It has grown from producing 17 million tonnes of milk in 1951 to producing 121 million tonnes in 2011. Today, India is one of the largest milk producing countries in the world. This solid progress is primarily attributable to structural changes in the Indian dairy industry brought about by the advent of dairy cooperatives.

The Indian dairy industry reported a market size of USD 56.26 billion in FY2011. With a Compound Annual Growth Rate (CAGR) of 16 percent, it is anticipated to reach USD 118 billion in 2017. On the back of a rise in disposable income, coupled with strong demand for dairy products, the Indian dairy industry is all set to experience high growth rates in the next five years.

The consumption pattern of dairy products in India is quite unique as compared to some of the western countries. Consumption is primarily skewed towards traditional products; however, westernized products are gradually gaining momentum in the urban areas. Interestingly, buffalo milk accounts for the largest share of the total milk produced in the country. Since the pricing of milk is based on the fat content, buffalo milk offers higher profit margins as compared to cow milk as it contains higher fat.

The Indian dairy sector is characterized by high fragmentation. It is dominated by the unorganized sector comprising of 70 million rural households. The per capita availability of milk in India stands at 289.4 grams per day. Backed by strong domestic demand, the per capita availability of milk is anticipated to reach 336 grams per day in FY2017.

Despite being the one of the largest milk producing countries in the world, India accounts for a negligible share in the worldwide dairy trade. The ever increasing rise in domestic demand for dairy products and a large demand-supply gap could lead India to be a net importer of dairy products in the near future.

1. Overview of the Indian Dairy Industry

2. Uniqueness of the Indian Dairy Industry

3. Milk Production in India
3.1 State-wise Milk Production in India
3.2 Production of Milk by Animal Type

4. Per capita Availability of Milk in India

5. Market Segmentation

6. Cost Structure of the Indian Dairy Industry

7. Financials of

10 Major Dairy Companies

8. Outlook

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