High Consumption of Dairy Products Fuelling Dairy Processing Equipment Market

Furthermore, other countries expected to dominate the dairy processing equipment market include North America and the Asia Pacific. These markets are anticipated to witness robust growth in the near future. Factors such as the presence of a large number of dairy food manufacturers are expected to drive the growth of the overall market in these regions.

The milk processing equipment/diary processing equipment can be used in various sorts of dairy product manufacturing such as butter, cream, cheese, etc. Milk pouch machines, storage milk tanks, milk pasteurizers, refrigeration systems, milk pumps, industrialized homogenizers, etc. are some of the dairy equipment and milk processing machines available today in the market. These equipment help in enhancing the overall production by reducing the time for packaging, and labor costs.

The export incentive to ensure better returns

India is the largest producer of milk globally and milk production in the country is close to 146.31 million tonnes and in 2019-2020. The country exported around 51,421.58 tonnes of milk products worth Rs 1341.03 crore. Dairy cooperatives in India have sought a 20 percent export incentive for milk products since there are ample stocks amid a drop in demand from bulk consumers. The dairy cooperatives also stated that the export incentive for milk products will ensure better returns for dairy farmers.

“There is a demand for skimmed milk powder (SMP) and white butter from Nepal, Bangladesh, the UAE, Egypt, and Singapore. We have asked the government to give a 20 percent incentive on the export of milk products that have dropped by 10 percent to 12 percent from the bulk consumers such as hotels, restaurants, wedding caterers, etc. This has also led to a drop in SMP prices by 40 percent to Rs 180 a kg in the past four months, said RS Sodhi, Managing Director at Gujarat Co-Operative Milk Marketing Federation Ltd, popularly known as Amul.