Mr. Yogesh Thite is the CEO of Meticulous Business Plans in Pune, Maharashtra. To know more view https://bit.ly/3xOKBb1
Dairy farming, from being a traditional family-run business today has grown hugely to an organized dairy industry with technological specializations in every part of the process. We have seen tremendous growth in dairy farming equipment that helps integrated or modern dairy farms to manage thousands of dairy cows and buffaloes at one time. This huge boost in the industry has created a lot of business opportunities and farming jobs.
It is evolving through a lot of modern and commercial aspects. As the market and consumer demands are changing invariably, this has greatly affected business models of modern dairy farming. Right from traditional dairy farming to commercial farming, from cows to buffalos, from milk to healthy milk, modern dairy farming is experiencing the drastic change.
The dairy industry accounts for 20% to 30% of the total food industry and still, it is growing as the need for milk and milk-based products are increasing at a higher rate as compared to other food products. And the Indian dairy market is expected to reach a value of INR 21.97 Billion by 2024, exhibiting a CAGR of around 16% during 2019-2024. It shows that there is a tremendous opportunity to enter in this business.