The Indian Dairy CEO’s Dilemma: Balancing Sustainability, Talent, and Growth
While preparing notes to moderate a CEO roundtable session for an upcoming program at 51st Dairy Industry conference at Patna, I came across an insightful global survey that annually assesses the priorities of dairy industry leaders. Conducted by McKinsey & Company in collaboration with the International Dairy Foods Association (IDFA), this research provides a clear…
Growth of India’s Organized Sweets Market
The Indian sweets industry is uniquely located in the country’s cultural and economic landscape. With its deep connection to festivals, celebrations, and daily consumption, sweets are both a tradition and a treat for Indians. However, the industry is at a critical juncture, where consumer preferences, technological advancements, and the shift toward hygiene and convenience are…
Yili pours innovation into bottled tea
In July 2023, Yili Group’s brand Inikin launched a bottled tea product featuring an innovative twist-cap design. This unique cap keeps the tea leaves separate from the water, ensuring maximum freshness and making freshly brewed, sugar-free tea a reality. According to Yili’s financial reports, the company achieved revenue of RMB 88.733 billion (USD 12.4 billion)…
India’s milk will see significant evolution over 10 years: Akshali Shah
India, the world’s largest producer of milk, has seen an improvement in the dairy sector due to the use of technologies such as automated milking systems. The domestic milk market will grow more due to health-focused innovations, premiumisation and transparency, says Akshali Shah, Executive Director, Parag Milk Foods. The market is set to undergo significant evolution, driven by shifting…
Vinamilk Shares Its Innovation and Sustainability Strategy at Global Dairy Congress 2024
Vinamilk, Vietnam’s leading dairy company, received close attention from key players in the global dairy sector during its presentation at the 2024 Global Dairy Congress. Attending the conference for the fourth time, Vinamilk highlighted its comprehensive innovation strategies and the aspirational path it has embarked on to achieve its Dairy Net Zero 2050 goal. Vinamilk’s presentation showcased its commitment to…
Innovation and Inflation: Dual Forces Shaping the Plant-Based Milk Market
Milk alternatives continue to hold the largest share of all plant-based categories—15% across the total market and 41% in the natural channel—as ongoing innovations intrigue a broader group of consumers. Despite this growth, inflation remains a challenge for plant-based milk producers. Some varieties are also being discontinued or facing pushback from dissatisfied consumers. From supermarkets…
Innovation key pillar of growth for Nestle India
Packaged foods major Nestle India has said that it is investing in innovation as an engine for growth in the country since India is the fastest-growing market for it globally. “Our total sales witnessed a double-digit growth as we navigated a dynamic market landscape,” said Suresh Narayanan, chairman and managing director (CMD), Nestle India, in…
The ‘Hydrocow’ Project Aims to Transform Food Production
Explore the Hydrocow project, a revolutionary effort to transform dairy production by producing whey protein from carbon dioxide and hydrogen. Discover how this innovative project aims to significantly reduce the environmental impact of dairy farming. In an era where sustainability is not just a preference but a necessity, a revolutionary project dubbed ‘Hydrocow’ is garnering…
WORLD DAIRY NEWS Dairy ingredient innovation contributing to consumption shift
Consumers want healthy, indulgent, convenient and less expensive. Advocates for the dairy industry see dairy ingredients fulfilling those desires and much more. “Dairy consumption is hot,” said Michael Dykes, president and chief executive officer, International Dairy Foods Association (IDFA), Washington, at Dairy Forum 2024 held Jan. 22 in Phoenix. “We’ve had a record year. We’re…
Fonterra pioneers dairy protein innovation for holistic health
The market for dairy proteins is diversifying and moving into the popular health and wellness categories, such as gut health and functional foods. Moreover, consumers and companies increasingly seek out offerings that address specific health needs and that are obtained through sustainable practices. At the same time, advancements in dairy protein technology, which previously focused…