India is the world’s largest producer of milk, with 24% of global production, followed by the United States of America, Pakistan, China and Brazil. India is aiming to increase its share of global milk production to 30% by 2030.
In 2023-24, India’s total milk production reached an estimated 239.30 million tonnes. This represents a growth of 5.62% over the past 10 years, according to the PIB. Uttar Pradesh is the highest milk-producing state in India. In 2023-24, it produced 38.78 million tonnes of milk, contributing 16.20% of India’s total milk production.
Is their any affect in demand of milk due to increase in price of milk ?
Yes, a survey indicates that rising milk prices in India have led to a decrease in milk consumption, with 20% of respondents reducing their purchases and 3% stopping buying milk entirely. However, another source notes that milk consumption is still growing, with 8-10% volume growth each year.
First of all What’s the reason behind the increasing prices of Milk?
Rising Production Costs:
The cost of producing milk has increased due to factors like higher feed costs (including wheat and maize), rising labor costs, and higher transportation and storage costs.
Increased Demand:
Growing urban populations, increased per capita income, and the rising demand for milk and milk-based products are all driving factors behind increased demand for milk.
Supply Issues:
Disease outbreaks in livestock, like lumpy skin disease, and heatwaves can significantly impact milk production, leading to reduced supply and consequently, higher prices.
Market Forces:
Cooperative and private dairies, which set milk prices, are reacting to these factors, increasing prices to reflect their increased cost of production and maintain profitability.
Day by day price of milk is increasing still the demand for milk in India is steadily increasing, Why?
Population Growth:
India’s population continues to grow, leading to a higher overall demand for milk.
Rising Incomes:
As incomes increase, people have more disposable income to spend on milk and dairy products, including higher-value products.
Health and Nutrition Awareness:
Increasing awareness of the health benefits of milk and dairy products is also contributing to the rising demand.
Shifting Dietary Habits:
Changes in dietary habits, with more people consuming dairy products regularly, are also contributing to the growth.
Convenience and Marketing:
The growing availability of milk and dairy products through quick and e-commerce platforms, along with effective marketing campaigns, are also playing a role.
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