Amul to set up cheese plant in Gujarat
Amul eyes higher cheese output with new plant
India’s largest co-operative dairy, Gujarat Co-operative Milk Marketing Federation, will be setting up a greenfield cheese plant in Palanpur, Gujarat, for the production of its Amul brand.
The investment in the plant will total US$92m and, after completion, Amul will triple its cheese output capacity. Through the project, the company aims to increase its market share of 65% of cheese production in the India.
The new plant will produce will initially produce mozzarella and processed cheddar cheese. The company is targeting hotels, cafes and restaurants with these products, which are dependent on local brands for cheese.
Amul butter holds 90% share in the Indian market whereas its fresh milk share is 40-45% of sales.
The co-operative turnover recorded a growth of 14% in the 12 months to the end of March, with revenue at $3.16bn, compared to $2.76bn during the same period last fiscal.
The company is planning to double its revenue between 2015 and 2020 and is also planning to start 10 new dairy plants in India...
The increasing lifestyle changes, especially in the middle-income consumer group, and the influence of various consumer foodservice varieties drove the performance of cheese in 2015, mainly because of...
Increasing numbers of new brand launches and extension of product portfolios from existing players such as Nestlé and Mondelez was the latest trend in 2015...
Other dairy products, including dairy whiteners and condensed milk, are popular amongst urban upper-class consumers and have greater presence in Northeast India due to lower availability of fresh milk...
Consumers from smaller cities are shifting from unpackaged or local dairy yoghurt to packaged yoghurt, which is very hygienic...
Ice cream continued to ride on a premiumisation wave in 2015...
With growing health awareness, many consumers traded up to higher-priced olive oil, low-fat and low-cholesterol oils and fats increasingly over the review period...
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