India has been the leading producer and consumer of dairy products globally ever since 1998 with a persistent growth. Dairy activities form one of the fundamental segments of the rural Indian economy, serving as a significant source of employment and income.
India’s dairy industry is one of the largest and fastest-growing in the world. It’s a significant contributor to the Indian economy, with a market size of over US$100 billion.
India has the world’s largest dairy herd with over 300 million bovines. In 2021-22, India produced close to 221.1 million tonnes of milk, which is close to 50% more than the US and more than three times as much as China. India is first among all countries in both production and consumption of milk.
The sector is dominated by small and marginal farmers, who own around 80% of the total bovine population in the country. The dairy market in India size reached INR 14,899.8 Billion in 2022. IMARC Group expects the market to reach INR 31,185.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028.
Keeping in view, the Government of India has established various schemes and initiatives aimed at the improvement of the dairy sector. The private participation has also increased over the past few years. Both national and international players are entering the dairy industry attracted by the magnitude and potential of the Indian Dairy Market.
for more info: https://dairytechindia.in/
- Date : 20-22th August 2027
- Venue : KTPO Exhibition Centre, Whitefield, Bangalore, India