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1、DAIRY SECTOR Largest milk producer in the worldCURRENT SCENARIOThe Indian Dairy Industry is expected to grow to USD 380 Bn by 2028 from USD 182 Bn in 2022,exhibiting a growth rate(CAGR)of 13.2%during 2023-2028Largest producer of milk,makes upto 23%of the worlds milk annuallyQuantum of milk produced:
2、146.3 MMT in 2014-15 to 210 MMT in 2020-21Per capita consumption of milk:307 gm/day in 2008-14 to 427 gm/day in 2020-211.Exported 108,711.27 MT dairy products,worth USD 392 million in 2021-22Dairy Industry:employs approximately 80 million peopleTop 5 milk producing states:Uttar Pradesh(31.35 MMT),Ra
3、jasthan(30.72 MMT),Madhya Pradesh(17.99 MMT),Gujarat(15.85 MMT)&Andhra Pradesh(14.71 MMT)Top 5 Export destinations in 2021-22-Bangladesh,UAE,Bahrain,Malaysia,and Saudi Arabia2.2DAIRY SECTOR1.Annual report DAHD,20212.Apeda agriexchangeGROWTH DRIVERSURBANIZATION:Increasing rate of urbanization from 34
4、%to 37%by 2025.CONDUCIVE GOVERNMENT POLICIES:Investor friendly government schemes like Animal Husbandry Infrastructure Development Fund(AHIDF),and Dairy Infrastructure Development Fund(DIDF).DISPOSABLE INCOME:Increase in per capita disposable income-USD 1,381 in FY 16 to USD 1981 in FY 20 at a CAGR
5、of 7.5%has increased demand.STRINGENT QUALITY:FSSAI guidelines harmonised with global standards.INCREASING CONSUMER BASE:The proportion of Indian populace in the age group of 15-65 years increased from 55.4%in 1991 to 67.45%in 2022 and Indian median age is 28.4 years.123453INVEST INDIAKEY SEGMENTSMI
6、LKLIQUID MILKTarget to achieve liquid milk production capacity of 300 MMT by 2024-2025.Share of organized milk projected to grow by 27%from 23%in 2019 to 50%in 2025.Investments in technologies like Bulk Milk Coolers(BMC)can be encouraged to reduce time taken to collect milk as well as in high pressu
7、re processing technologies.Opportunities in setting up organized and certified farms for rearing and breeding of quality heifers.This segment showcases investible opportunites in Blockchain technology,RFID and sensor enabled vehicles and packing systems.1A2 MILKD2C supply of high quality fresh or or
8、ganic milk produced in captive farms or procured from certified farmer base.With a 0.9%global penetration of A2 milk,0.2%penetration of A2 milk within the Indian dairy sector indicates huge potential in this segment.In 2019,market size of A2 milk is USD 57.1 million USD 64.3 with estimation to reach
9、 a market size of USD 1.1 billion.24DAIRY SECTORKEY SEGMENTSMILKLIQUID MILKTarget to achieve liquid milk production capacity of 300 MMT by 2024-2025.Share of organized milk projected to grow by 27%from 23%in 2019 to 50%in 2025.Investments in technologies like Bulk Milk Coolers(BMC)can be encouraged
10、to reduce time taken to collect milk as well as in high pressure processing technologies.Opportunities in setting up organized and certified farms for rearing and breeding of quality heifers.This segment showcases investible opportunites in Blockchain technology,RFID and sensor enabled vehicles and
11、packing systems.1A2 MILKD2C supply of high quality fresh or organic milk produced in captive farms or procured from certified farmer base.With a 0.9%global penetration of A2 milk,0.2%penetration of A2 milk within the Indian dairy sector indicates huge potential in this segment.In 2019,market size of
12、 A2 milk is USD 57.1 million USD 64.3 with estimation to reach a market size of USD 1.1 billion.2SKIMMED MILK POWDERIn 2021-22,India exported 48,778.02 MT of Milk Powder valued at USD 141.74 Mn which makes up 44%of total Indian dairy exports.From 2015 to 2020 the Milk powder production has grown at
13、CAGR of 9.58%.Price of SMP has dropped from USD 4/kg in Jan 2020 to USD 3.5/kg in Aug,2022.Sports Nutrition and Infant foods market would act as an important source of income for SMP market players5INVEST INDIAINVEST INDIADAIRY INFRASTRUCUTREPROCESSING INFRASTRUCTURE:Potential to add 115-125 MMT add
14、itional processing capacity in the next 5 years.Processing infrastructure has an investment potential of USD 1-2 billion to reach an organized market share of 50%and a total processing capacity of 175-185 MMT by 2025.Value added products projected to have a return-on-investment rate of 20-30%.Infras
15、tructure gap of 120-130 MMT with investment potential of USD 18-20 Bn.1CHILLING INFRASTRUCUTREChilling market projected to grow at 7-8%over the next 5 years driven by technology,chilled milk consumption&emerging new demand pools.Currently,there is an infrastructure gap of about 120-130 MMT-that tran
16、slates into an investment potential of approximately USD 2.6 billion,and about 17-20%return on investment over the next 9-12 years.Bulk Milk Coolers with rapid chilling technology can attain milk with minimal bacterial load required for VADPs.Since the bulk of dairy farmers are concentrated in rural
17、 India,there is a huge demand for setting up fluid milk chilling capacity close to production centers providing direct offtake linkage for farmers.2DAIRY SECTORVALUE ADDED PRODUCTSCheese and yogurt:fastest growing segment in VADPs.Consumption of fresh dairy products:Expected to increase by 2.3%a yea
18、r,reaching108 kg per capita by 2028.VADP has a current processing capacity of 5 MMT and shows a growth potential of 4%.Cheese market in India is expected to be USD 1.5 Bn growing by 18%CAGR from 2021-26.Yoghurt market in India is expected to be USD 6.02 Bn growing by 15.3%CAGR from 2021-26Ice cream
19、market in India reached a value of USD 2.1 Bn in 2021.It is expected the market to grow by 17.7%from 2021-26.Butter market in India reached a value of USD 2.7 Bn in 2021.It is expected the market to grow by 3.8%from 2021-26.The packaged fresh milk category is projected to grow at a 3.4%CAGR from 202
20、1 to 2026,attaining a market value of USD 20 BnFlavored milk market in India is expected to be USD 960.5 Mn growing by 15.8%CAGR from 2021-26.6INVEST INDIADAIRY INFRASTRUCUTREPROCESSING INFRASTRUCTURE:Potential to add 115-125 MMT additional processing capacity in the next 5 years.Processing infrastr
21、ucture has an investment potential of USD 1-2 billion to reach an organized market share of 50%and a total processing capacity of 175-185 MMT by 2025.Value added products projected to have a return-on-investment rate of 20-30%.Infrastructure gap of 120-130 MMT with investment potential of USD 18-20
22、Bn.1CHILLING INFRASTRUCUTREChilling market projected to grow at 7-8%over the next 5 years driven by technology,chilled milk consumption&emerging new demand pools.Currently,there is an infrastructure gap of about 120-130 MMT-that translates into an investment potential of approximately USD 2.6 billio
23、n,and about 17-20%return on investment over the next 9-12 years.Bulk Milk Coolers with rapid chilling technology can attain milk with minimal bacterial load required for VADPs.Since the bulk of dairy farmers are concentrated in rural India,there is a huge demand for setting up fluid milk chilling ca
24、pacity close to production centers providing direct offtake linkage for farmers.27SCHEMES&INCENTIVES FOR INVESTORSFarmer producer organizationsPrivate companiesIndividual entrepreneurs with the initial 10%margin money contribution by themSection 8 companies(A company registered at Non-profit organiz
25、ation)Micro,small,and medium enterprises12345The Animal husbandry infrastructure development fund has been set up as a loan assistance programme for private players with an outlay of USD 2.1 billion to promote infrastructural development with a 3%interest subvention and no upper or lower limit for t
26、he disbursement of loan.Entities eligible for support under the AHIDFTime period for repayment of loan:8 years inclusive of moratorium of 2 years on principal amount.The fund can be availed by companies involved in segments related to dairy processing infrastructure,meat processing infrastructure,an
27、d animal feed infrastructure.ANIMAL HUSBANDRY INFRASTRUCTURE DEVELOPMENT FUND(AHIDF)8DAIRY SECTORSCHEMES&INCENTIVES FOR INVESTORSCo-operative Milk UnionsState Cooperative Dairy FederationsMulti State Milk CooperativesMilk Producer CompaniesNDDB subsidiaries12345The DIDF scheme will be implemented wi
28、th a total outlay of Rs.1.46 billion USD ccomprising USD 1 billion as a loan from NABARD.Entities eligible for support under DIDF:NABARD will provide loan to National Dairy Development Board(NDDB)and National Cooperative Development Corporation(NCDC)at subsidized rate of 6%per annum.NDDB/NCDC will f
29、urther provide loan to End Borrowers 6.5%i.e.Multi StateCo-operatives Societies,etc for creation of dairy infrastructure.The repayment of the loan is 10 years including moratorium period of 2 years.DAIRY PROCESSING AND INFRASTRUCTURE DEVELOPMENT FUND9INVEST INDIASCHEMES&INCENTIVES FOR INVESTORSPM Ki
30、san Sampada Yojna is a comprehensive package which will result in efficient supply chain management from farm gate to retail outlet.PMKSY is expected to leverage investment of USD 1.39 Bn benefitting 2.8 Mn farmers and generating 0.5 Mn direct/indirect employment int the country by the year 2025-26.
31、The main provisions of the scheme are listed in the table below:PRADHAN MANTRI KISAN SAMPADA YOJNACOLD STORAGE SCHEMETo provide integrated cold chain,preservation and value addition infrastructure facilities without any break.For storage infrastructure,grant-in-aid 35%for General Areas and 50%for NE
32、 States,etc with maximum subsidy of USD 1.25 Mn.CREATION/EXPANSION OF FOOD PROCESSING&PRESERVATIONCAPACITIES OF PMKSYCreation of new processing plants and improvement of existing plants and infrastructure35%of the eligible project cost subject to a maximum of USD 0.62 million in General Areas.50%of
33、the eligible project cost subject to a maximum of USD 0.62 million in North Eastern States(including Sikkim)and Difficult areas.AGRO PROCESSINGCLUSTERS(APC)To create modern infrastructure for food processing closer to production areas.It is designed to provide integrated and complete preservation in
34、frastructure facilities from the farm gate to the consumer.35%grants-in-aid of eligible project cost would be provided in general areas.50%grants-in-aid of eligible project cost would be provided in the NE States subject to max.of USD 1.35 million per project10DAIRY SECTORLARGEST MILK PRODUCING STAT
35、ES14.94%14.63%6.38%5.37%5.48%7.55%Uttar Pradesh8.57%6.53%5.21%Madhya Pradesh7.01%Andhra PradeshMaharashtraKarnatakaPunjabBiharRajasthanHaryanaGujarat11INVEST INDIAAll information in this brochure was last updated in January 2023invest-indiainvestindiainvestindiaofficalInvestIndiaIPAPhone No:011 2304
36、 810,9205962336,9205154571,9821767302Email ID:animalhusbandrydairyinginvestindia.org.in HOW WE HELP INVESTORS STAKEHOLDER MEETINGPOLICY ADVISORY/REPRESENTATIONSITE VISITSRESEARCH CONTENT PROVIDEDREGULATORY CLEARANCEFACILITATIONISSUE RESOLUTIONLOCATION ANALYSISFirst Floor,Vigyan Bhawan Annexe,Maulana Azad Road,New Delhi-110011