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Home National Gujarat Ahmedabad

Amul strongest food brand & strongest dairy brand in the world in 2024, says Brand Finance report

by Nav Jeevan
2 years ago
in Ahmedabad, Awards, Breaking News, Business, Central Gujarat, Food and Beverages, Gandhinagar, Gujarat, National
Reading Time: 2 mins read
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Amul strongest food brand & strongest dairy brand in the world in 2024, says Brand Finance report

NE photo

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  • As per the report, Amul has risen from 2nd rank in 2023 to become the world’s strongest food brand in 2024
  • Amul also retains its strongest Dairy brand of the World title for the fourth consecutive year
  • This is indeed a proud moment for the entire Amul team and our 36 lakh farmers, who have contributed to build and nurture this brand: Jayen Mehta, MD, Amul
  • With an 85% share in the Indian butter market and 66% market share in cheese, Amul’s branding efforts have successfully resonated with consumers

NE BUSINESS BUREAU

ANAND, AUGUST 21

Gujarat-based Amul, a company with over seventy-five years of history, has been recognised as the world’s strongest food brand and the strongest dairy brand in Brand Finance’s Global Food & Drinks Report 2024. The report highlights Amul’s impressive Brand Strength Index (BSI) score of 91 out of 100, earning it an AAA+ rating.

NE photo

As per the report, Amul has risen from 2nd rank in 2023 to become the world’s strongest food brand in 2024. Amul’s brand strength is attributed to its strong performance in familiarity, consideration, and recommendation metrics. Amul also retains its strongest Dairy brand of the World title for the fourth consecutive year.

Amongst the top 50 global brands listed in the report, Amul is the only Indian brand to be featured and recognized for its achievements. Being India’s largest food brand and a farmer organization, we have envisioned to becoming in a bridge to bring every agricultural produce of our farmers into the kitchens of our consumers through a variety of products. The categories range from organic aata, rice and pulses, chocolates, breads, rusks, cookies, ready-to-cook dairy and potato-based snacks, and honey.

Jayen Mehta, MD, Amul said, “This is indeed a proud moment for the entire Amul team and our 36 lakh farmers, who have contributed to build and nurture this brand. We have always believed Amul’s currency is not milk, but trust and it is this trust which has created the brand that is loved by every generation of consumers over the last 78 years. “

Amul’s unique branding strategy, rooted in its cooperative structure and impactful marketing campaigns, has solidified its position as a household name in India. With an 85% share in the Indian butter market and 66% market share in cheese, Amul’s branding efforts have successfully resonated with consumers, the GCMMFL statement added.

With a growing demand for healthier dairy products, including high protein, low-fat, and lactose-free options. Amul has launched High Protein Milk, High Protein Whey concentrate in plain and chocolate flavor, High Protein Paneer in addition to the High Protein Buttermilk, High Protein Lassi, Lactose Free Sweets, Sugar Free Cookies, Ice Creams, Flavored Milk and Lassi which have been received well by our consumers. We are committed to meeting these evolving consumer needs by expanding our product portfolio and will continue to invest in its research and development, it added.

Amul annually procures 11 billion liters of milk and is worth Rs. 80,000 crores (USD 10 Billion), with its products being picked up 22 billion times in a year, the highest in the world. Brand Amul is marketed by Gujarat Cooperative Milk Marketing Federation, the largest farmer owned cooperative in the world.

 

Tags: AmulBrand Financedairy brandJayen Mehtamdreportsaysstrongest foodworld in 2024
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