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Current Affairs-Topics
Amul Triumphs as World's Top Food and Dairy Brand
Amul, an Indian dairy brand, has been ranked as the world's strongest food brand by Brand Finance, UK in 2024. The brand has achieved an AAA+ rating and a 11% increase in brand value to $3.3 billion. |
Brand Rankings and Recognition
- Amul ranked as the world's strongest food brand by Brand Finance, UK in 2024
- Retained title of strongest dairy brand for the fourth consecutive year
- Achieved Brand Strength Index (BSI) score of 91.0 out of 100, earning AAA+ rating
- Rose from second rank in 2023 to first in 2024
- Only Indian brand featured among top 50 global brands in the report
Brand Valuation and Market Dominance
- Brand value increased by 11% to $3.3 billion
- Controls 75% of India's milk market, 85% of butter market, and 66% of cheese market
- Annual procurement of 11 billion liters of milk
- Worth Rs 80,000 crore ($10 billion)
- Products picked up 22 billion times annually, highest in the world
Factors Contributing to Amul's Success
- Strong performance in familiarity, consideration, and recommendation metrics
- Effective advertising and diverse product range
- High consumer perception of product quality
- Strong social media presence and web traffic
- Commitment to sustainability and community engagement
- Unique cooperative structure involving 3.6 million farmers
Comparison with Other Brands
- Nestlé remains the world's most valuable food brand at $20.8 billion, despite 7% decline
- Lay's saw a 9% increase, reaching $12 billion
- Hershey's shares AAA+ rating with Amul but experienced a slight decline in brand value
Amul's History and Impact
- Established in 1946 by Tribhuvandas Kishibhai Patel in Anand, Gujarat
- Played key role in India's white revolution
- Famous for its mascot, the Amul Girl, featured in advertisements since 1966
- Operates over 70 processing plants
- Supports millions of farmers across India
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