NEW DELHI, 1 September 2023: The Indian dairy sector is set to create 10 million jobs by 2025, according to a report by the National Dairy Development Board (NDDB). The report said that the growth of the sector will be driven by rising demand and government support.
The report identified four key trends that will drive the growth of the Indian dairy sector in the coming years:
- Rising incomes: As incomes rise, people are spending more on dairy products.
- Growing urbanization: The growing urban population is demanding more convenient and processed dairy products.
- Changing dietary habits: People are increasingly consuming dairy products as part of a healthy diet.
- Government support: The government is providing support to the dairy sector through schemes such as the National Dairy Development Board (NDDB) and the Pradhan Mantri Krishi Sinchai Yojana (PMKSY).
The report also said that the Indian dairy sector is expected to reach a value of $180 billion by 2025, up from $120 billion in 2020.
The growth of the Indian dairy sector will create new opportunities for businesses and entrepreneurs. There is a growing demand for dairy products, and there is also a need for innovative solutions to address the challenges facing the sector, such as climate change and water scarcity.
he Indian dairy sector is a vibrant and growing sector with a lot of potential. It is a sector that is worth watching, and it is a sector that offers a lot of opportunities for businesses and entrepreneurs.
In addition to the four trends mentioned in the report, here are some other factors that are driving the growth of the Indian dairy sector:
- The increasing demand for milk powder and other dairy products in export markets: India is the world's largest exporter of milk powder and butter, and the second-largest exporter of cheese. The demand for these products is expected to grow in export markets, such as China and Southeast Asia.
- The growing popularity of dairy-based beverages: Dairy-based beverages, such as yogurt drinks and smoothies, are becoming increasingly popular among consumers. This is due to their health benefits and convenience.
- The increasing use of dairy products in processed foods: Dairy products are increasingly being used in processed foods, such as ice cream, cheese, and yogurt. This is due to their nutritional value and flavor.
The growth of the Indian dairy sector is a positive development for the country's economy. It is expected to create new jobs, boost exports, and improve the nutritional status of the population.
The government is taking steps to support the growth of the dairy sector. These include:
- Providing subsidies to dairy farmers
- Investing in dairy infrastructure
- Promoting dairy exports
- Educating consumers about the benefits of dairy products
The Indian dairy sector is poised for significant growth in the coming years. The government's support and the growing demand for dairy products are expected to drive this growth.
