印度乳制品工业市场前景及投资研究报告-培训课件外文版2024.5蒙牛伊利

INDUSTRIES

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MARKETSDairyindustryinIndiaCHAPTER

01GlobaloverviewCowmilkproductionworldwidefrom2015to2023(inmillionmetrictons)Globalcowmilkproduction2015-202360050040030020010002015201620172018201920202021202220234Description:Thevolumeofcowmilkproducedworldwidehasrisensteadilyoverthelastseveralyears.In2015,497millionmetrictonsofcowmilkwasproducedworldwide,by2023thatfigurehadrisentoaround549millionmetrictons.Liquidmilkmadeupthelargestshareofthedairymarketintermsofmarketvalue.ReadmoreNote(s):Worldwide;2015to2023Source(s):FAO;USDepartmentofAgricultureMajorproducersofcowmilkworldwidein2023,bycountry(inmillionmetrictons)Leadingproducersofcowmilkworldwide2023,bycountryProductionvolumeinmillionmetrictons60

8002040100120140160EU-27UnitedStatesIndia143104.199.5China40.9Russia32.3Brazil24.5NewZealandUnitedKingdomMexico211513.25ArgentinaCanadaAustraliaBelarus1210.338.487.985Description:TheleadingproducerofcowmilkworldwidewastheEuropeanUnionin2023.Inthatyear,the27countriesoftheEuropeanUnioncollectivelyproducedover143millionmetrictonsofcowmilk.TheUnitedStateswasrankedsecondwithaproductionvolumeofaround104millionmetrictons.ReadmoreNote(s):Worldwide;2023Source(s):FAO;USDepartmentofAgricultureNumberofmilkcowsworldwidein2023,bycountry(in1,000heads)Numberofmilkcowsworldwide2023,bycountryNumberinthousandheads010,00020,00030,00040,00050,00060,00070,000IndiaEuropeanUnionBrazil61,00019,95017,065UnitedStatesMexico9,4206,700ChinaRussia6,6006,350NewZealandUnitedKingdomArgentinaBelarus4,8601,8501,5301,4701,3601,325UkraineAustralia6Description:Indiaishometothehighestnumberofmilkcowsofanycountry,atover61millionheadasof2023.Thatyear,theEuropeanUnionhadthesecondmostmilkcowsworldwide,atabout20millionhead.

ReadmoreNote(s):Worldwide;2023Source(s):USDAForeignAgriculturalServiceProductionvolumeofdairyproductsworldwide*in2023,bycategory(inmillionmetrictons)Globaldairyproduction2023,bycategory600549.4850040030020010022.3511.584.644.590CowmilkCheeseButterNonfatdrymilkWholemilkpowder7Description:In2023,amongvariousdairyproductsproduction,over549millionmetrictonsofcow'smilkwasproducedworldwide.Incomparison,theproductionvolumeofcheeseandbutterwasover22and11millionmetrictonsinthesameyear.

ReadmoreNote(s):Worldwide;2023;*Productionvolumeofselectedcountries.ReadmoreSource(s):FAO;USDepartmentofAgricultureRevenueofthedairyproducts&eggsmarketworldwidein2022,bycountry(inbillionU.S.dollars)Revenueofthedairyproducts&eggsmarketworldwide2022,bycountryRevenueinbillionU.S.dollars60

8002040100120140160IndiaChina145.94141.34UnitedStatesGermanyJapan94.3339.0431.4229.5127.1RussiaFranceItalyMexico25.2724.86IndonesiaBrazil22.8621.6NigeriaUnitedKingdom20.3720.088Description:Indiaisleadingtherankingbyrevenueinthe'DairyProducts&Eggs'segmentofthefoodmarket,recording145.94billionU.S.dollars.FollowingcloselybehindisChinawith141.34billionU.S.dollars,whileUkraineistrailingtherankingwith7.16billionU.S.dollars,resultinginadifferenceof138.78billionU.S.dollarstotherankingleader,India.ReadmoreNote(s):Worldwide;Jan1sttoDec31st2022Source(s):ConsumerMarketInsightsCHAPTER

02GeneraloverviewGrossvalueaddedfrommilkproductsinIndiafromfinancialyear2012to2020(intrillionIndianrupees)GrossvalueaddedfrommilkproductsinIndiaFY2012-20206545.054.794.494.223.973.743.523.393.283210FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY202010Description:ThegrossvalueaddedfrommilkproductswithinthelivestocksectoracrossIndiaamountedtooverfivetrillionIndianrupeesinfiscalyear2020.Thisgroupofproductsmadeupover66percentoftheeconomicvalueinthissector.Livestockproductscontributedoverseventrillionrupeesthatyeartothecountry'seconomy.ReadmoreNote(s):India;FY2012toFY2020;valuesatconstantFY2012prices.Source(s):MOSPIAnnualgrowthrateofmilkproductionacrossIndiafromfinancialyear2011to2022GrowthrateofmilkproductionIndiaFY2011-20227.0%6.5%6.0%6.62%6.47%6.37%6.27%6.28%5.81%5.68%5.5%5.29%5.09%5.01%5.0%4.5%4.0%3.5%3.0%3.97%3.52%FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY202211Description:ThegrowthrateofmilkproductioninIndiawasnearly5.3percentinfiscalyear2022.Thiswasaslightdecreasefromthepreviousyearwherethegrowthratestoodatapproximately5.8.Thecountrywasconsistentlyoneofthelargestproducersofthedairyproductworldwide.ReadmoreNote(s):India;FY2011toFY2022Source(s):MinistryofAgricultureandFarmersWelfare(India)(DepartmentofAnimalHusbandry,Dairying&Fisheries)VolumeofmilkproducedacrossIndiainfinancialyear2022,byleadingstate(inmillionmetrictons)MilkproductioninIndiaFY2022,byleadingstateMilkproductioninmillionmetrictons15

200510253035RajasthanUttarPradeshMadhyaPradeshGujarat33.2733.011916.72AndhraPradeshMaharashtraPunjab15.414.3114.08Bihar12.1211.811.63KarnatakaHaryanaTamilNaduWestBengalTelangana10.116.415.8112Description:ThestateofRajasthanproducedthehighestamountofmilkinIndiaatabout33.3millionmetrictons,followedbyUttarPradeshinfinancialyear2022.Thetotalmilkproductioninthecountryamountedtoabout221millionmetrictonsduringthatfiscalyear.ReadmoreNote(s):India;FY2022Source(s):MinistryofAgricultureandFarmersWelfare(India)(DepartmentofAnimalHusbandry,Dairying&Fisheries)ShareofmilkproductioninIndiainfinancialyear2021,bystateShareofmilkproductioninIndiaFY2021,bystateShareofmilkproduction0%2%4%6%8%10%12%14%16%UttarPradeshRajasthan14.63%14.63%MadhyaPradeshGujarat8.57%7.55%AndhraPradeshMaharashtraPunjab7.01%6.53%6.38%BiharHaryana5.48%5.37%Karnataka5.21%4.66%TamilNaduWestBengalTelengana2.94%2.75%JammuandKashmirKerala1.24%1.21%13Description:Infiscalyear2021,UttarPradeshhasthehighestshareofmilkproductionatabout15percentinIndia.Incomparison,thestateofKeralahasthelowestshareofmilkproductionat1.21percentinIndia.ReadmoreNote(s):India;FY2021Source(s):Departmentofanimalhusbandryanddairying;USDAForeignAgriculturalServiceProcurementvolumeofmilkacrossIndiainfinancialyear2022,byregion(inmillionkilogramsperday)MilkprocurementvolumeIndiaFY2022,byregion353025201510532.0915.848.622.18East0NorthSouthWest14Description:Infinancialyear2022,about32millionkilogramsofmilkwereprocuredperdayintheWesternregionofIndia.TheSouthernpartofIndiahadthesecondlargestmilkprocurementofover15millionkilogramsonaverageinadaythatyear.

ReadmoreNote(s):India;FY2022;provisionalvalues.Source(s):NDDBCHAPTER

03ProductionVolumeofmilkproductioninIndiafromfinancialyear2007to2022(inmillionmetrictons)MilkproductionvolumeinIndiaFY2007-2022250200150221.06209.96198.4187.7176.3165.4155.5146.3137.7132.4127.9121.8116.4112.2107.9102.6100500FY2007

FY2008

FY2009

FY2010

FY2011

FY2012

FY2013

FY2014

FY2015

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY202216Description:Milkproductionamountedtojustabove221millionmetrictonsinfiscalyear2022,upfromthepreviousyear's209.9millionmetrictons.Thegrowthrateofmilkproductioninthecountrywasslightlydecreasedfromabout5.8percenttonearly5.3percentin2022.ReadmoreNote(s):India;FY2007toFY2022Source(s):MinistryofAgricultureandFarmersWelfare(India)(DAHD&F)ProductionvolumeofbutteracrossIndiafrom2013to2023(in1,000metrictons)ProductionvolumeofbutterinIndia2013-20238,0007,0006,0006,7006,5006,3006,1005,8505,6005,4005,2005,0354,8874,7455,0004,0003,0002,0001,00002013201420152016201720182019202020212022202317Description:During2023,aboutsixmillionmetrictonsofbutterwereproducedinIndia,anincreasefromthepreviousyear.Thecountryhasobservedanincreasingtrendintheproductionvolumeofbuttersince2015.

ReadmoreNote(s):India;2013to2023Source(s):USDAForeignAgriculturalServiceProductionvolumeofnonfatdrymilkinIndiafrom2019to2023(in1,000metrictons)ProductionvolumeofnonfatdrymilkIndia2019-202380070074070068066063560050040030020010002019202020212022202318Description:Asof2023,thetotalproductionvolumeofnonfatdrymilkwas740thousandmetrictonsinIndia.Thiswasanincreaseascomparedtothepreviousyearwhentheproductionvolumewas700thousandmetrictons.

ReadmoreNote(s):India;2019to2022Source(s):USDAForeignAgriculturalServiceDistributionofmilkproductionacrossIndiainfinancialyear2022,byspeciesShareofmilkproductionIndiaFY2022,byspeciesGoats2.93%Non-descriptcows9.82%Exoticcows1.92%Indigenousbuffaloes31.58%Indigenouscows10.35%Non-descriptbuffaloes13.49%Crossbredcows29.91%19Description:IndigenousbuffaloeshadthehighestshareofmilkproductioninIndiawith31.58percentinthefiscalyear2022.Itwasfollowedbycrossbredcowsaccountingforover29percentofthetotalmilkproductioninthecountry.ReadmoreNote(s):India;FY2022;provisionalfiguresSource(s):MinistryofFisheries,AnimalHusbandry&Dairying(India)AverageyieldofmilkperanimalacrossIndiainfinancialyear2022,byspecies(inkilogramsperday)AverageyieldofmilkperanimalinIndiaFY2022,byspeciesAverageyieldinkilogramsperday024681012ExoticcowCrossbredcowIndigenousbuffaloNon-descriptbuffaloIndigenouscowNon-descriptcowGoat11.368.326.624.814.072.830.4720/statistics/734395/average-yield-of-milk-by-type-of-animal-indiaExoticcowsacrossIndiahadthehighestyieldofmilkperanimalattherateofover11kilogramsperdayonanaverageduringfinancialyear2022.Goatsyieldedtheleastmilkperanimalatamere0.47kilogramsperdayacrossthecountrythatyear.

ReadmoreNote(s):India;FY2022Source(s):MinistryofAgricultureandFarmersWelfare(India)(DepartmentofAnimalHusbandry,Dairying&Fisheries.)CHAPTER

04TradeValueofdairyproductsexportedfromIndiabetweenfinancialyear2015and2023(inbillionIndianrupees)ExportvalueofdairyproductfromIndiaFY2015-2023353025201529.2924.2322.714.9113.4112.0511.969.051057.550FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202322Description:ThedairyproductsexportedfromIndiawereworthover22billionIndianrupeesinthefinancialyear2023.Thiswasadecreaseascomparedtothepreviousyear'sexportvalueofover29billionrupees.Skimmedmilkpowderwastheleadingdairyproductexportedfromthecountry.ReadmoreNote(s):India;FY2015toFY2023;includesskimmedmilkpowder,butter,butteroil,cheese,ghee,andbuttermilk.Source(s):APEDA;DGCI&SVolumeofdairyproductsexportedfromIndiabetweenfinancialyear2015and2023(in1,000metrictons)ExportvolumeofdairyproductfromIndiaFY2015-2023120100113.73108.718067.5766.426054.7651.4248.0439.174020033.44FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202323Description:About68thousandmetrictonsofdairyproductsworthover22billionIndianrupeeswereexportedfromIndiainthefinancialyear2022.Thiswasadecreasefromthepreviousyear'sexportvolumeofover108thousandmetrictons.Skimmedmilkpowderwastheleadingdairyproductexportedfromthecountry.ReadmoreNote(s):India;FY2015toFY2023;includesskimmedmilkpowder,butter,butteroil,cheese,gheeandbuttermilk.Source(s):APEDA;DGCI&SExportvolumeofmilkandcreamfromIndiafromfinancialyear2017to2022,withanestimatefor2023(in1,000metrictons)ExportvolumeofmilkandcreamfromIndiaFY2017-20231613.82141210812.111.3110.9210.188.8665.25420FY2017FY2018FY2019FY2020FY2021FY2022FY2023*24Description:Asoffinancialyear2022,theexportvolumeofmilkandcreamfromIndiawasover12thousandmetrictons.Thiswasanincreaseascomparedtothepreviousfinancialyear.Forthefiscalyear2023,theexportvolumeofmilkandcreamislikelytobeabouttenthousandmetrictons.ReadmoreNote(s):India;FY2017toFY2022;*ValueforFY2023fromApril2022toDecember2022.India'sfinancialyearbeginsinAprilandendsinMarch.Forexample,FY2021startedinApril2020andendedinMarch2021.Valuesareroundedoffforclarity.

ReadmoreSource(s):DepartmentofanimalhusbandryanddairyingImportvolumeofmilkandmilkproductsinIndiafrom2020to2022,withaforecastfor2023(in1,000metrictonsofmilkequivalent)MilkandmilkproductsimportvolumeIndia2020-202312010710078806040200742020to2021(average)2022*2023**25Description:In2022,theimportvolumeofmilkandmilkproductsinIndiawasestimatedtoreachapproximately78thousandmetrictonsofmilkequivalent.Itwasalsoforecastedthattheimportvolumeofsuchproductswouldamounttoaround78thousandmetrictonsofmilkequivalentin2023.ReadmoreNote(s):India;2018to2022;*Estimate.**Forecast.Accordingtothesource,"Tradefiguresrefertothemilkequivalenttradeinthefollowingproducts:butter(6.60),cheese(4.40),skim/wholemilkpowder(7.60),wholecondensed/evaporatedmilk[...]

ReadmoreSource(s):FAOImportvolumeofbutter,ghee,andbutteroilfromIndiafromfinancialyear2017to2022,withanestimatefor2023(inmetrictons)Importvolumeofbutter,ghee,andbutteroilIndiaFY2017-20233,5003,266.013,0002,5002,0001,5001,0005001,205.55FY2018598.2423.52401.98246.31130.840FY2017FY2019FY2020FY2021FY2022FY2023*26Description:Inthefinancialyear2022,theimportvolumeofbutter,ghee,andbutteroilwere130metrictonstoIndia.Thiswasadecreaseascomparedtothepreviousyear.Theimportvolumeisfluctuatingoverthepastfewyears.

ReadmoreNote(s):India;FY2017toFY2022;*ValuesforFY2023fromApril2022toDecember2022.India'sfinancialyearbeginsinAprilandendsinMarch.Forexample,FY2021startedinApril2020andendedinMarch2021.Numbersareroundedofffor[...]

ReadmoreSource(s):DepartmentofanimalhusbandryanddairyingCHAPTER

05RetailTotalmilksalesinIndiafromfinancialyear2017to2022,withanestimatefor2023(inmillionliters)TotalmilksalesinIndiaFY2017-2023120103.510080604020095.481.87969.457.8237.14FY2017FY2018FY2019FY2020FY2021FY2022FY2023*28Description:Inthefinancialyear2022,thetotalmilksalesinIndiawerenearly58millionliters.Thiswasadecreaseascomparedtothepreviousyears.Forthefiscalyear2023,milksalesarelikelytobe37millionliters.

ReadmoreNote(s):India;FY2017toFY2022;*ValueforFY2023fromApril2022toDecember2022.India'sfinancialyearbeginsinAprilandendsinMarch.Forexample,FY2021startedinApril2020andendedinMarch2021.Numbersareroundedofffor[...]

ReadmoreSource(s):DepartmentofanimalhusbandryanddairyingSalesvolumeofdairyfoodsinIndiafrom2012to2022(inmillionmetrictons)SalesvolumeofdairyfoodsinIndia2012-2022302527.1126.4524.1223.822.0320.9819.492016.9115.813.99151050201220142015201620172018201920202021202229Description:ThesalesvolumeofdairyfoodswithintheIndianpackagedfoodsmarketamountedto27.1millionmetrictonsin2022.Thiswasanincreaseascomparedtopreviousyearsalesvolume.Theexpansionanddiversificationofthecountry'sfoodretailwaslikelyacatalystfordairypackagedfoods,withurbanareasaccountingforover75percentofsales.ReadmoreNote(s):India;2012to2022Source(s):Euromonitor;USDAForeignAgriculturalServiceSalesvalueofpackageddairyfoodsinIndiafrom2012to2022(inbillionU.S.dollars)SalesvalueofpackageddairyfoodsinIndia2012-202230252025.124.7422.119.5515.6714.111512.4210.89201410.6320121052.502015201620172018201920202021202230Description:In2022,theretailsalesvalueofdiaryfoodintheIndianpackagedfoodsmarketamountedto2.5billionU.S.dollars.Therewasasignificantdecreaseinthevalueofretailsaleswithinthepackagedfoodsectorcomparedtothepreviousyear.

ReadmoreNote(s):India;2012to2022Source(s):Euromonitor;USDAForeignAgriculturalServiceDailypercapitamilkavailabilityinIndiafromfinancialyear2012to2022(ingram)DailypercapitamilkavailabilityinIndiaFY2012-2022500450400444427406390370351333350319303296289300250200150100500FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY202231Description:Inthefinancialyear2022,India'sdailypercapitamilkavailabilitywas444grams.Thereisasteadyincreaseindailypercapitamilkavailability.Thetotalmilkproductionstoodatover221milliontonsinthecountrythesameyear.ReadmoreNote(s):India;FY2012toFY2022Source(s):DepartmentofanimalhusbandryanddairyingAnnualinflationofmilkpriceinIndiafromfinancialyear2019to2023InflationofmilkpriceinIndiaFY2019-20238%7.41%7%6%5%4%3%2%1%0%5.39%2.9%2.84%1.83%FY2019FY2020FY2021FY2022FY202332Description:Duringthefinancialyear2023,theannualinflationofmilkpricesinIndiawasoversevenpercent,thehighestincomparisontopreviousyears.Theinflationofmilkpricewasevenhigherthanannualfoodinflationratewhichis6.61percentforthesameyear.ReadmoreNote(s):India;FY2019toFY2023Source(s):MOSPI;NABARDWholesalePriceIndexofdairyproductsacrossIndiafromfinancialyear2013to2023WholesalePriceIndexofdairyproductsinIndiaFY2013-2023175165155145135167149.4146.9145142.1136.2132.3123.7123.612511510595112.7103.3FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202333Description:TheWholesalePriceIndexofdairyproductsacrossIndiaduringfinancialyear2023stoodat167.Anoverallincreaseinthepriceindexwasseenovertheyearsfromfinancialyear2013inthecountry.

ReadmoreNote(s):India;FY2013toFY2023;baseyearFY2012=100Source(s):OEA(India)CHAPTER

06ConsumptionDomesticconsumptionofmilkinIndiafrom2019to2023(inmillionmetrictons)DomesticconsumptionofmilkIndia2019-2023250207203.49198.99194.7920015010050190.99020192020202120222023*35Description:Asof2022,thetotaldomesticconsumptionvolumeofmilkwasover203millionmetrictonsinIndia.Thiswasanincreaseascomparedtothepreviousyearwhentheconsumptionvolumewasabout199millionmetrictons.

ReadmoreNote(s):India;2019to2022;*EstimateValuehasbeenroundedoffforclarity.ReadmoreSource(s):USDAForeignAgriculturalServiceDomesticconsumptionofbutterinIndiafrom2019to2023(inmillionmetrictons)DomesticconsumptionofbutterIndia2019-202376.666.466.296.085.81654321020192020202120222023*36Description:In2022,thetotaldomesticconsumptionvolumeofbutterwas6.49millionmetrictonsinIndia.Thiswasanincreaseascomparedtothepreviousyearwhentheconsumptionvolumewas6.29millionmetrictons.

ReadmoreNote(s):India;2019to2022;*EstimateValuehasbeenroundedoffforclarity.ReadmoreSource(s):USDAForeignAgriculturalServiceAveragedailymilkconsumptioninIndiaasofOctober2022AveragedailymilkconsumptioninIndia2022Over3liters10%2.5to3liter11%1.5to2liter37%Halfliter14%1liter28%37/statistics/1350436/india-average-daily-milk-consumptionAccordingtoasurveyconductedonIndianconsumers'averagedailymilkconsumption,37percentofrespondentsconsumedonaverageof1.5totwolitersofmilkeveryday.Whereas,10percentoftheconsumersconsumedoverthreelitersofmilkdaily.ReadmoreNote(s):India;asofOctober8,2022;9,230respondentsSource(s):LocalCirclesCompositionofmilkconsumedinIndiaasofOctober2022CompositionofmilkconsumedinIndia2022Shareofrespondents0%5%10%15%20%25%30%35%100%purecoworbuffalomilkMilkwithsomeaddedwater,fatandmilkpowderMilkwithsomeaddedwater,fat,milkpowderandadulterantsMilkwithsomeaddedwater33%21%21%17%Can'tsay8%38/statistics/1350457/india-composition-of-milk-consumedAccordingtoaconsumersurveyconductedinIndia,33percentofrespondentsbelievedthatthemilktheyconsumedwasapurecoworbuffalomilk.Whereas,17percentoftherespondentswereoftheopinionthattheirmilkwasadulteratedwithwater.ReadmoreNote(s):India;asofOctober8,2022;9,356respondentsSource(s):LocalCirclesCHAPTER

07KeyplayersBrandvalueoftheleadingdairyprocessorsworldwidein2023(inbillionU.S.dollars)Globalleadingdairyprocessorsbasedonbrandvalue2023BrandvalueinbillionU.S.dollars02468101214YiliDanoneMengniuAlmaraiArla12.418.946.13.383.32.992.99VinamilkAmul2.53PrésidentYakult2.141.92Illuma40Description:In2023,theFrenchdairycompanyDanonewasthesecondleadingdairycompanyworldwidebasedonbrandvalue,withabrandvalueofaboutninebillionU.S.dollars.ChinesedairycompanyYiliwasrankedfirstthatyear,withabrandvalueofover12billionU.S.dollars.ReadmoreNote(s):Worldwide;2022Source(s):BrandFinanceSalesturnoverofAmulfromfinancialyear2011to2023(inbillionIndianrupees)SalesturnoverofAmulFY2011-2023700600500400300610550.55530385.5329.6292.25270.43229.72207.33181.43200137.35116.6897.741000FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202341Description:Infinancialyear2023,Amulreportedasalesturnoverofover550billionIndianrupees.AnandMilkUnionLimited(Amul)isoneofthelargestdairycompaniesintheworldwithanincreasinggrowthratesince2011.ReadmoreNote(s):India;FY2011toFY2023Source(s):TheEconomicTimesRevenueofMotherDairyfromfinancialyear2019to2022(inbillionIndianrupees)MotherDairyrevenueFY2019-2022