NEW DELHI, 30 May 2024: India, the world’s largest producer of milk, is home to some of the most prominent private dairy producers. The dairy industry plays a crucial role in the country’s economy, contributing 23% of the global milk production. Here, we delve into the top private dairy producers in India and the current state of milk production and demand in the country.
Top Private Dairy Producers
Among the top private dairy producers in India, Amul, Mother Dairy, and Parag Milk Foods Ltd are the most notable. These companies have made significant contributions to the dairy industry, providing high-quality products to consumers and creating numerous job opportunities.
Amul, the largest dairy company in India, is renowned for its wide range of products, including milk, butter, cheese, and ice cream. It has been a pioneer in the dairy industry, setting high standards for quality and innovation.
Mother Dairy, a subsidiary of the National Dairy Development Board, is another major player in the industry. It sources a significant part of its milk requirement from dairy cooperatives and village-level farmer-centric organizations, ensuring the freshness and quality of its products.
Parag Milk Foods Ltd is a leading dairy company known for its protein-rich products3. It has been instrumental in promoting health and wellness through its range of dairy products.
Other noteworthy private dairy producers include Astarc Dairy Private Limited, Punjab Sind Dairy Products Private Limited, and Dynamix Dairy.
Milk Production and Demand in India
India’s milk production has seen a steady growth over the years, reaching 230.58 million tonnes in 2022-236. This growth has been driven by the increasing demand for milk, which has risen with an expanding population and rising incomes. The per capita availability of milk in India is 459 grams per day, exceeding the world average of 322 grams per day.
However, the future holds even more promise. It is projected that Indian milk production will increase to about 330 million metric tonnes between 2032-2033. With high production volumes, Indian milk consumption is also expected to rise.
Global Outlook for Milk and Dairy Products
On a global scale, the dairy industry is also witnessing significant growth. World milk production is projected to grow at 1.6% per annum over the projection period, reaching 997 million tonnes by 2029. This growth is faster than most other main agricultural commodities.
The global dairy forecast for 2024 anticipates an increase in fluid milk production by 1% and a 2% increase in cheese production9. This growth is driven by significant investments made in expanding processing capacity to meet the growing domestic and global demand for dairy products.
In conclusion, the future of the dairy industry, both in India and globally, looks promising. With top private dairy producers leading the way and the steady growth in milk production and demand, the industry is set to continue its upward trajectory.
