India's Milk Production Poised to Reach 300 MT by 2030: NITI Aayog
New Delhi, April 25 -- According to a NITI Aayog report, the country's milk production is projected to reach an impressive 300 million tonnes by 2030, up from 231 million tonnes in the financial year 2023, registering a compound annual growth rate (CAGR) of 6 per cent over the past decade.
The Indian dairy market, currently valued at a staggering Rs 13 lakh crore (approximately USD 160 billion), is expected to more than double to Rs 31 lakh crore (around USD 380 billion) by 2027, growing at a CAGR of 15 per cent over the past 15 years.
While the unorganised sector has traditionally dominated the Indian dairy industry, holding a 60 per cent share in the liquid milk market, the organised sector is rapidly gaining ground.
Its share has in...
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