Gira knows food – and most of the actors in the European food chain. We operate in the drink and food sectors and the food-based retail chain throughout the whole of Europe and worldwide in some product sectors such as meat, fish and dairy.Contact us
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According to estimates made by Gira at our recent #GiraDairyClub, milk production should grow by 4.7% in 2023, i.e. slightly less than in previous years, during which milk production grew by more than 5% on average. Even so, just over 10 million tonnes of milk will be added to production, bringing the total to 227 million tonnes. In the end, the impact of the LSD epidemic was short-lived. The epidemic led to the slaughtering of around 100,000 animals, out of a herd of more than 126 million head…
Milk collection by dairies has continued to grow, rising from 19% of milk production in 2022 to around 21% in 2023, corresponding to an increase of 6.5 million tonnes of additional milk collection, or 15% compared with 2022. That’s more than Denmark’s annual volume!
Under these conditions, production will be capable of meeting strong growth in demand. This year, demand is expected to rise by 8-10% overall. Demand will be lower in the informal channels, where less well-off people are more affected by price increases, and higher for the middle classes living in towns, who are increasingly looking for the convenience and safety of products made in dairies.
What does this mean for foreign operators? The Indian dairy sector offers tremendous potential for development (at local level, as India remains a market closed to imports) right up the chain, from genetics to dairies. Indian operators are already present, but a market of 227 million tonnes of milk offers opportunities for new entrants.
To find our more about Gira’s expertise in the global milk industry, or specific countries/regions, visit our Gira Dairy Club page or speak with Christophe Lafougère about your particular business needs. To stay informed on the latest news and hot topics that Gira is covering in the food industry, follow Gira’s Linkedin page.