Growing consumption of dairy products is the key driver for growth in the dairy processing market. The machines are used to improve the shelf life of dairy goods, fill and package milk before shipping, and reduce carb and fat content. Also, manufacturers are spending on research and innovation to enhance the equipment’s efficiency. Demand for quality dairy food products and sustainable packaging is surging across the globe. Hence, dairy producers and processors are looking for quality equipment and service from the local markets to expand their production capacity and sustain their manufacturing units.
Tamil Nadu is ranked 11th in milk production in with 8.76 million tones and the per capita availability of 316 grams per day. The milk production in Tamil Nadu has increased by 4.75% over the previous year. The share of organized milk is projected to grow from 23% in 2019 to 50% in 2025. The packaged fresh milk category to grow at a 3.4% CAGR from 2021 to 2026. The Indian skimmed milk powder market is expected to grow at a CAGR of around 13% during 2021- 2026. Cheese market in India is expected to be $1.5 Bn growing by 18% CAGR from 2021-2026. Yoghurt market in India is expected to be $6.02 Bn growing by 15.3% CAGR from 2021-2026. Milk market in India is expected tobe $960.5 Mn growing by 15.8 % CAGR 2021-2026.
The leading manufacturers & upcoming food startups are looking at “India Dairy Processing Expo 2024” as a platform where they can seek for technical advancement to find new equipment for establishing their business.