Table of Contents
1 OVERVIEW
1.1 The Global Dairy Industry
1.2 Indian Dairy Industry
1.2.1 Structure
1.2.2 Classification
2 GROWTH DRIVERS
2.1 Rising Acceptance of Value Added Products
2.1.1 Frozen Yogurt
2.1.2 Cheese
2.1.3 Premium Ice Creams
2.2 The Urbanized Indian
2.3 Surge in Organized Food Retail
2.4 Rising Incomes
3 OPPORTUNITIES & CHALLENGES
3.1 Opportunities
3.1.1 Low Per Capita Consumption
3.1.2 Growing Health Awareness
3.1.3 Rising Middle Class
3.1.4 Rising Dairy Expenditure
3.2 Challenges
3.2.1 Weak Supply Chain Infrastructure
3.2.2 Fragmented Milk Production
3.2.3 Rising Competition
4 REGULATIONS & INITIATIVES
4.1 Initiatives
4.2 Regulations
4.3 Excise/Custom Duty
5 DEMAND-SUPPLY SCENARIO
5.1 Demand Analysis
5.1.1 Cheese
5.1.2 Dairy Whiteners/Creamers
5.1.3 Ice Creams
5.1.4 Exports
5.2 Supply Analysis
5.2.1 Milk & Milch Animals
5.2.2 Dairy Products
5.2.3 Capex
6 PORTER’S 5 FORCE ANALYSIS
6.1 Bargaining Power of Buyers
6.2 Bargaining Power of Suppliers
6.3 Threat of Substitutes
6.4 Rivalry among Existing Players
6.5 Threat of New Entrants
7 KEY PLAYERS
7.1 Key Player Profiles
7.1.1 Amul
7.1.2 Mother Dairy
7.1.3 Parag Milk Foods Pvt Ltd
7.1.4 Kwality Ltd
7.2 Peer Group Financials
7.2.1 Contact Information
7.2.1.1 Registered Office Address
7.2.1.2 Director’s Name
7.2.2 Key Financials
7.2.2.1 Plant Location
7.2.2.2 Product Capacity & Sales
7.2.2.3 Raw Material Consumption
7.2.3 Financial Comparison
7.2.3.1 Assets
7.2.3.2 Liabilities
7.2.3.3 Structure of Assets & Liabilities
7.2.3.4 Growth in Assets & Liabilities
7.2.3.5 Income & Expenditure
7.2.3.6 Growth in Income & Expenditure
7.2.3.7 Cash Flow
7.2.3.8 Liquidity Ratios
7.2.3.9 Profitability Ratios
7.2.3.10Return Ratios
7.2.3.11Working Capital & Turnover Ratios
8 INDUSTRY SIZE & OUTLOOK
9 ABOUT NPCS
10 DISCLAIMER

List of Figures & Tables
Figure 1 World's Cow Milk Production (2010-12, In Million Tonnes)
Figure 2 Indian Dairy Industry- Structure
Figure 3 Indian Dairy Industry- Classification
Figure 4 Indian Population- Rural & Urban (In Crores)
Figure 5 Population of India (2008-17, In Millions)
Figure 6 India's Annual Per Capita Income (2008-14, In INR)
Figure 7 Per Capita Consumption of Cheese in India and Other Countries (In Kgs)
Figure 8 Per Capita Consumption of Butter in India & Other Countries (In Kgs)
Figure 9 Per Capita Consumption of Ice-Cream in India & Other Countries (In Litres)
Figure 10 Per Capita Consumption of Skimmed Milk Powder in India & Other Countries (In Kgs)
Figure 11 Indian Middle Class Population (Current-2026)
Figure 12 Share of Dairy in Total Household Expenditure (In Percentage)
Figure 13 Indian Cheese Industry- Market Size (2007-17, In INR Billions)
Figure 14 Demand for Dairy Whiteners & Creamers in India (2007-17, In Thousand Tonnes)
Figure 15 Demand for Ice-Creams in India (2007-17, In Million Tonnes)
Figure 16 Exports of Dairy Products from India (2011-13)
Figure 17 Milk Production in India (FY09-17, In Million Tonnes)
Figure 18 Livestock Population in India (In Millions, 1997-2007)
Figure 19 Production of Butter & Ghee in India (2011-17, In Million Tonnes)
Figure 20 Production of Butter & Ghee by Selected Producers (2009-11, In Tonnes)
Figure 21 Production of Milk Powder & Condensed Milk by Selected Producers (2009-11, In Tonnes)
Figure 22 Production of Infant Milk Foods by Selected Producers (2009-12, In Tonnes)
Figure 23 Kwality Ltd- Shareholding Pattern (%, Mar 2014)
Figure 24 Indian Dairy Industry- Market Size (2010-17, In INR Billions)
Figure 25 Quantity of Milk Processed in India (2010-17, In Million Tonnes)

Table 1 International Yogurt Brands in India- Launch Year
Table 2 International Cheese Brands in India
Table 3 International Ice Cream Brands in India- Launch Year
Table 4 Presence of Key Food Retailers in India- Total Stores
Table 5 Excise and Customs Duty Rates for Dairy Products (2013-14)
Table 6 Production of Butter & Ghee by Selected Producers (2009-11)
Table 7 Production of Milk Powder & Condensed Milk by Selected Producers (2009-11)
Table 8 Production of Infant Milk Foods by Selected Producers (2009-12)
Table 9 Upcoming Projects in Dairy Industry
Table 10 Bargaining Power of Buyers
Table 11 Bargaining Power of Suppliers
Table 12 Threat of Substitutes
Table 13 Rivalry among Existing Players
Table 14 Threat of New Entrants

1              OVERVIEW

Indian dairy industry has been at the forefront with impressive growth rates and immense potential for an effervescent future. The industry has evolved completely with the focus drifting from basic fluid milk and clarified butter & ghee to more advanced value added products like cheese, ice cream and, the more modern, yogurt.

This report aims at simplifying your research to a single step by providing the requisite information handy. It uncovers the industry from various parts like value driver’s, growth inhibitors, demand-supply scenario, porters 5 force analysis and other vital statistics.  

Firstly let’s have a succinct view of the global scenario of the dairy industry.

1.1          The Global Dairy Industry

The global dairy industry is composed of a multitude of countries with unique production practices and inimitable consumer markets. The global dairy industry revenues are estimated at ~ USD 300 million in 2011 and are anticipated to cross USD 375 million by 2016.

Figure 1 World's Cow Milk Production (2010-12, In Million Tonnes)

World total cow milk production stood at 620 million tonnes in 2012, of which US was a major contributor with nearly 15% of the total share.

1.2          Indian Dairy Industry

Indian dairy industry holds an inimitable space in the country for its high employment potential and for ensuring the availability of nutritious yet affordable food for India’s vast population. India is the largest producer as well as largest consumer of milk in the world. It contributes ~17% to the world milk production and consumes almost whole of its milk production by itself.

The tag of largest milk producer was not always in India’s kitty. From being milk impoverished nation to the top producer has been an arduous and almost miraculous climb. Such unprecedented rise is docketed to Operation Flood and the historic dairy cooperative movement. During the pre-independence period dairy cooperative movement was limited to a few pockets of Kolkata, Chennai, Bengaluru and Gujarat. But post the independence Government took great initiative in setting up new Dairy Co-operatives in many parts of the country and The National Dairy Development Board (NDDB) was set up to take the lead.

The Operation Flood Programme was undertaken after the National Dairy Development Board had been formed in 1965. The programme was aimed at bringing the shortage of milk supply in the four Metropolitan cities of Kolkata, Mumbai, Chennai and Delhi into agreement with the abundance of milk production in adjoining villages of the cities.

The industry has been retorting positively to the changes in the consumer preferences towards value added products and has been growing at a steady rate.

1.2.1      Structure

In India, only 20% of the milk production takes place in the organized sector while the rest is contributed by the unorganized segment of the industry.

The chart below discusses the structure of Indian dairy industry.

Figure 2 Indian Dairy Industry- Structure

1.2.2      Classification

Figure 3 Indian Dairy Industry- Classification

                       Scope of the report