Feasibility Report on Dairy Farm
Dairy products are high in calcium, riboflavin, vitamin D, vitamin A, niacin, potassium, and phosphorus, and thus provide a variety of health advantages.
Feasibility Report on Dairy Farm is as follows.
The worldwide dairy products industry was worth at $479.08 billion in 2019, with a CAGR of 2.3 percent projected from 2020 to 2027. The main factors for this market’s growth include growing dairy product usage as well as a shift in customer choice from meat to milk products for protein enrichment. The simple accessibility of dairy items as a result of modernized retail infrastructure and cold chain logistics propels market expansion even further. As during Covid-19 epidemic, considerable sales revenue through internet distribution channels additionally aided industry development.
Dairy intake promotes bone and intestinal health while also lowering the chances of cardiovascular disease & type 2 diabetes. The industry is also projected to be driven by the growing desire for cheese in emerging countries. Previously, cheese is thought to be harmful because of its high fat content.
Several research have revealed, that cheese is healthy for heart health and may be an useful source of calcium for lactose intolerant persons. Increasing attention to newborn nutrition as well as desire for organic, neat milk products are projected to drive market development. Buyers are ready to check new items, therefore the industry has various growth prospects.
Yogurt innovation, like fat-free, flavoured, and drinkable yoghurt, is projected to create substantial development possibilities for businesses. Packing development, like tiny portion sizes, on-the-go packages, and single-serve, is also increasing market growth, giving businesses a great opportunity.
In 2019, the milk product sector had the highest revenue share of 32.7 percent, and this supremacy is expected to continue during the projection year. Milk consumption is increasing in developing economies because it is very healthy and provides protein and calcium.
Furthermore, milk drinking lowers the danger of osteoporosis in the elderly, that is anticipated to boost demand significantly.
Because of the increasing demand for yoghurt in nations like Brazil, China, and India, the yoghurt category is projected to increase significantly throughout the projection period. Chinese people like yoghurt as part of a meal since it helps to keep a healthy stomach and hence improve immunity. Furthermore, this country’s predilection for somewhat sweet and flavoured yoghurt products has an impact on the total market’s growth.
Feasibility Report on Dairy Farm Sample
Over the forecast timeframe, the dairy product industry is expected to increase at a CAGR of 5%. (2020 – 2025).
In 2020, the worldwide dairy production is estimated at 851 million tonnes, up 2.2 percent from 2019. Production increases in India, Turkey, the European Union, Pakistan, the United States, and Argentina are largely responsible for this growth. Nevertheless, a decrease in milk output, particularly in China and Ukraine, somewhat countered this impact.
The expanding population, greater income groups, and growing healthcare awareness are all driving up need for milk products.
The milk segment dominates the worldwide market, trailed by the butter and cheese sectors. The yoghurt and dairy desserts categories are anticipated to expand at the quickest rates worldwide.
Butter exports grew by 8 percent worldwide in 2021, owing mostly to nations such as New Zealand, the United States, and India. Butter demand, on the other hand, has decreased throughout the European Union.
The selling of milk products in emerging Asia Pacific and European nations accounts for nearly half of worldwide sales. This western market is expanding rapidly, owing to product development and growing consumer health awareness. India leads the market in the Asia-Pacific area, following by China and Australia, while nations like Belarus and Ukraine drive consumption in the European area.
In addition, variables like effective and reliable milk production in these nations have an influence on worldwide market growth. Modernization led in lower greenhouse gas emissions, improved milk quality, and economic prospects for local dairy production.