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INDIA DAIRY SECTOR : Market Overview (2022–2026)

INDIA DAIRY SECTOR : Market Overview (2022–2026)
INDIA DAIRY SECTOR : Market Overview (2022–2026)

Raw Material Base (×1,000)

Indicator20222023202420252026
Number of Cows (‘000)60,56263,596
Cow Milk Production (‘000 t)119,678127,105
Number of Buffaloes (‘000)46,68648,166
Buffalo Milk Production (‘000 t)103,300104,388
Number of Goats (‘000)41,92844,401*
Goat Milk Production (‘000 t)7,6007,806

Dairy Production

Unit: ×1,000 tonnes

Product20222023202420252026 (Forecast)Growth (2026)PeriodSource
Liquid Milk85,00087,05089,00091,00093,000+2.2%Jan–Dec 2026FAS-USDA
Butter6,5006,7506,9817,1907,435+3.4%Jan–Dec 2026FAS-USDA
Skim Milk Powder (SMP)700730755770790+2.6%Jan–Dec 2026

Dairy Exports

(Unit: ×1,000 tonnes)

Product2022202320242025Jan–May 2025Jan–May 2026Growth (%)Period
Fat-Filled Milk Powder (FFMP)41.038.045.049.019.021.0+6.98%Jan–May 2026
Skim Milk Powder (SMP)28.01.59.35.12.76.7+150.48%Jan–May 2026
Butter & Other Fats37.021.058.058.031.017.0−46.64%Jan–May 2026
Bulk & Packaged Milk13.014.016.020.08.210.0+22.75%Jan–May 2026
Edible Lactose0.50.20.10.10.10.0−83.89%Jan–May 2026
Cheese9.19.310.013.06.04.8−19.45%Jan–May 2026
Infant Milk Formula3.12.62.62.61.10.6−42.73%Jan–May 2026
Whole Milk Powder (WMP)1.91.91.81.20.60.7+18.50%Jan–May 2026
Casein8.53.52.62.51.12.2+99.17%Jan–May 2026
Pharmaceutical Lactose0.92.93.12.21.00.7−23.52%Jan–May 2026

SMP import data for 2026 covers January–April only.

Domestic Consumption

(Source: FAS-USDA; Unit: ×1,000 tonnes)

Product20222023202420252026 (Forecast)Growth (%)Period
Butter6,4586,7266,9177,1267,391+3.7%Jan–Dec 2026
Skim Milk Powder (SMP)686740742760779+2.5%Jan–Dec 2026

Domestic Consumption

(×1,000 tonnes)

Product20222023202420252026 (Forecast)Growth
Butter6,4586,7266,9177,1267,391+3.7%
SMP686740742760779+2.5%

Source: FAS-USDA

Per Capita Consumption

(Source: Tetra Pak)

Indicator20222023202420252026GrowthPeriod
Liquid Milk Consumption (Litres/Capita)

Note: The source does not provide numerical values for per capita liquid milk consumption.

Self-Sufficiency Rate

Indicator20222023202420252026
Self-Sufficiency Rate (%)100.3%100.1%

Socio-Economic Indicators

Indicator20222023202420252026 (Forecast)Period
GDP Growth (%)6.96%7.05%7.24%7.48%6.19%Jan–Dec 2026
Consumer Price Index (CPI) (%)6.68%5.65%4.98%2.18%5.06%Jan–Dec 2026
Population (‘000)1,425,4231,438,0701,450,9361,463,866
GDP per Capita (US$)2,379*2,601*
GDP per Capita (€)2,259*2,406*

Notes:

  • (e) = Estimated value.
  • GDP per capita in Euro (€) is calculated using the annual average exchange rate.
  • Population figures are expressed in thousands (‘000).

Source:
Raw material area: State/UT Animal Husbandry Departments; ;
Dairy production: FAS-USDA
Export ed Import: IHS
Per Capita Consumptions: Tetra Pak
GDP and CPI: Intesa Sanpaolo
GDP per capita: International Monetary Found
Population: FAO

Last Update: 04-08-2026

Read More: Dodla Dairy Standalone June 2026 Net Sales at Rs 955.66 crore, up 6.1% Y-o-Y

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