Dairy segment growth increases in India

Credit rating agency Crisil said India’s organised dairy segment, which has been growing at a rate of 22 percent for past half decade, is expected to grow even faster in the next three years as rising disposable income and increasing quality consciousness lead to greater consumer preference for branded milk and milk products.

The rating agency’s analysis showed that northern India, especially Uttar Pradesh, Punjab and Haryana, which are big on milk production but have low organised dairy penetration, will witness the highest capacity addition.