A third of the world's milk production will soon come from India

Published 2024년 8월 12일

Tridge summary

India is the world's leading milk producer, accounting for about third of the global production, and the dairy sector plays a significant role in the country's agricultural economy, providing income to 70% of rural households. With growing urbanization and increasing purchasing power, there is a rising demand for healthier and more nutritious dairy products in India. Despite the challenges of feed shortages and rising costs, the government is taking steps to boost milk production and livestock farming through various initiatives. Cow's milk production is projected to reach 102.5 million tons by 2024, while buffalo milk is expected to reach 110.7 million tons, driven by increasing domestic consumption and demand for processed dairy products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India is the world’s largest producer of milk, soon to account for a third of global production. The dairy sector contributes more than a quarter of the country’s agricultural gross domestic product, and provides income to 70 percent of rural households. Rising purchasing power and urban migration are creating a dynamic dairy market, with urban consumers spending more on healthier and more nutritious dairy products. Milk is a crucial component of Indian food consumption, with consumers spending 20 percent of their food purchases on dairy. However, only 20 percent of total milk production is processed professionally, while 34 percent is sold through the informal sector. The rest is used by farmers themselves. Cow’s milk production in India is estimated to reach 102.5 million tons in 2024, up almost 3 percent from last year. Buffalo milk, at 110.7 million tons, is higher in fat and therefore more economically attractive. Domestic consumption of liquid milk will grow to around ninety ...

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