The chairman of the National Dairy Development Board (NDDB), Meenesh Shah, has said that the size of the Indian dairy market is estimated to jump over two fold to Rs. 30 lakh crore by 2027, driven by growth in both volume and value terms, and he also asserted that the government is not “insensitive” and it will protect the interests of 8 crore dairy farmers while signing free trade agreements (FTAs) with other countries.
Shah said the size of the Indian dairy market stood at Rs. 13 trillion in 2021 and it is expected to reach Rs. 30 trillion by 2027. The growth would come from an increase in production of milk and other dairy products as well as value appreciation, he added.
The NDDB chairman said this while addressing a press conference at the International Dairy Federation World Dairy Summit (IDF WDS) 2022, being organised at the India Expo Centre and Mart here from September 12-15.
On the impact of Lumpy Skin Disease (LSD) that has spread in at least 10 states and the Union Territories, Shah said the goat pox vaccine is absolutely effective and has helped in controlling the disease in Gujarat.
R.S. Sodhi, MD, AMUL, said that India’s milk production is expected to jump three-fold to 628 million tonnes in the next 25 years. The country’s milk production was 210 million tonnes in 2021.
“Milk production in India is projected to grow at a CAGR of 4.5 percent to reach 628 million tonnes in the next 25 years,” he said. India’s share of global production is estimated to nearly double to 45 percent in the next 25 years, from 23 percent now. Sodhi said. The demand for milk is projected to rise to 517 million tonnes in the next 25 years, leaving an export surplus of 111 million tonnes.