Lactalis focusing on consolidating its presence in India

India: Lactalis, world’s largest dairy group, after acquiring South India’s Tirumala Milk for INR17.50 billion in January 2014, planned another acquisition in March to acquire Indore based Anik Industries for INR4.70 billion.

The company has strong presence in South Indian states such as Telangana, Andhra Pradesh, Karnataka etc. and now has started to focus on the North Indian Dairy Market by acquiring various dairy company present in the region

According to TechSci Research, the company has a long term vision to increase its presence in the country’s dairy market and it plans to do so organically as well as inorganically. The country has more than 15% share in the global market which has resulted in increasing foray of global players such as Fonterra and Friesland Campina. The company’s acquisition plans would increase its presence across the country and would also improve its operation structure in the country.

According to a recent report published by TechSci Research, “India Dairy Products Market, By Type (Drinking Milk, Ghee, Butter, Ice Cream, Milk Powder, Cheese, Yogurts, Probiotic Drinks and Others), Competition Forecast and Opportunities, 2011 – 2021”, the market for dairy products in India is projected to grow at a CAGR of over 7% during 2016 - 2021. In 2015, North India dominated the country’s dairy products market, on account of increasing per capita expenditure, rising youth population, introduction of value added dairy products, changing consumption patterns, and growing penetration of international players. India dairy products market is witnessing a shift towards healthier products such as probiotic drinks, yogurts, etc. Few of the leading players operating in India dairy products market include Gujarat Cooperative Milk Marketing Federation Ltd., National Dairy Development Board, Karnataka Cooperative Milk Producers Federation Ltd., and Tamil Nadu Co-operative Milk Producers' Federation Limited, among others.