India is registering a rise in many fields. One such field is the dairy industry. From being the lowest cow milk producing country to the fastest growing dairy market in the world, India has indeed carved a niche in the dairy world. The reason may lie in the fact that the market is a source of livelihood for the 600 million rural families. Hence the need for more dairy plants. NK Dairy provides you with the latest, state of the art dairy machinery. We also sell dairy equipment.
What do the figures say?
The dairy industry has become globalized. The international dairy markets have become demand driven rather than supply driven. This has led to an increased demand for Indian dairy products in the international market.As a result, the Indian dairy export scene is all rosy. If we go according to the current figures, the Indian market has recorded a boom after a slump of 4 years. With the figures rising up from $260 million in the last year to $ 404 million in Feb 2019, we can proudly feel an increment of 56 % in the current year. The reason may be the rise in the global price of skimmed milk powder. No wonder, it has worked in favor of the Indian dairy industry.
The International Scene
Higher income groups and increased awareness regarding nutrition has led to an increase in demand for quality dairy products. Many developing and developed countries have become markets for dairy products. There is an increase in demand for processed and packaged dairy products as well, especially in urban areas. The rise in demand has led to an increase in competition in the private sector. We can see and feel various international brands entering the dairy sector. This has led to an escalation in the level of quality.
The Price Trends
As expected, there has been a phenomenal rise in the prices of the global dairy products and the race is still on! The prices of butter, milk powder (whole) and cheese have raised a lot. The skimmed milk powder is expected to be 10 % costlier in terms of world market prices. The butter is expected to be 30 % dearer by the time we reach 2022.
The Lifestyle Changes Which Demand Milk Products
Dieting has become a way of life for many people. There are various kinds of diet fads going on in the world. Among them lies the Keto Diet. It is known to deliver fast and effective weight loss results. The diet is related to dairy products in a close way. It recommends the use of cheese and other products with fats. The people who are in a hurry to lose weight are one of the biggest dairy consumers, thanks to the Keto Diet wave. All said and done, the Indian dairy industry is all set to become a high grosser on a global level.