Published Oct 14, 2023
Boost profitability in your dairy business by optimising herd management, improving milk quality, and exploring value-added products or niche markets to increase revenue streams. A few ideas are as follows.
Chocolate in the dairy processing industry is a lucrative market, valued at $97 billion with a projected 4.6% CAGR driven by the rising appeal of dark chocolate as a healthier confectionery option.
Starting an ice cream business is an affordable way to enter the food and beverage industry, whether as a part-time or full-time venture, with minimal capital required for equipment and production space.
Exploring dairy farming offers a profitable career change with a strong market and government subsidies for local product sales, providing an opportunity to provide healthy food.
Milk powder (SMP or WMP) is dehydrated milk used in chocolates, biscuits, pastries, and infant formula due to rising urbanisation in the milk-consuming Asia-Pacific region.
The dairy sector, including butter, cheese, yoghurt, and more, remains profitable even during challenging times, offering opportunities for entrepreneurs in various sub-industries.