India: 2023 dairy outlook and developments

According to the United Nations, by 2027, India is projected to overtake China as the world’s most populated country. India’s per capita milk consumption at 427 g/day already exceeds the world average of 305 g/day. A key driver for fluid milk consumption is demographics. About a third of the national population is under age 14, a group inclined to consume higher quantities of milk. India’s growing population, coupled with rapid urbanisation and improving incomes, is boosting the demand