The country which currently accounts for 23% of the global milk production is estimated to contribute nearly half of world’s total milk production in the next two and a half decades.
Projections shared at the International Dairy Federation World Dairy Summit (IDF WDS) 2022 which India hosted after 48 years suggest that the milk production will not only triple in the next 25 years but the per head (capita) milk availability will also double.
As compared to 2% global growth rate, India’s growth rate in milk production stands at 6%, a point which Prime Minister Narendra Modi stressed while delivering the inaugural address at the summit.
“India’s milk production is expected to jump three-fold to reach 628 million tonnes in the next 25 years with an average annual growth of 4.5 %,” said R S Sodhi, managing director of the Gujarat Co-operative Milk Marketing Federation (GCMMF) and president of the Indian Dairy Association.
India’s share in the global production is estimated to touch 45-47% in the next 25 years from 23% now.
The demand for milk and milk products is also set to increase because of rising population.
The per capita demand for milk will increase at 2.8 % CAGR to 852 grams per person per day in the next 25 years. Currently, it stands at 428 grams per person per day.
“The rise in milk production will also leave us with an export surplus of 111 million tonnes which should be around US $100 billion in 2047,” he said. Last year, exports of dairy products from India stood at just US $350 million.
“The current value of Indian dairy business is close to Rs 13 trillion. We expect this to more than double in the next five years and reach close to Rs 30 trillion by 2027,” said Meenesh Shah, chairman of the National Dairy Development Board (NDDB).
