The global diary market is expected to grow from USD 436 billion this year to USD 505 billion by 2017. Recent years have bought extraordinary revolutions in the global dairy market.
This report: Global Dairy Food Market: News and Events April 2014, will give marketers an effective insight into the latest happenings in the global dairy food market.
Key areas for growth
The main areas that will witness growth will be Asia Pacific and Latin America, while the more developed markets in regions such as Europe and North America will start to contract. The main growth is going to be driven by the markets in China, which will see a 9% rise in the market and Brazil which will see a 7% rise. The growth in the dairy and particularly the milk product market is expected to come from Asia Pacific.
Key players in the market
The established companies such as Kraft, Danone and Nestle have shown lower growth in the emerging markets. Fonterra, Nestle and Danone are developing integrated operations in underdeveloped regions. Fonterra has built large scale dairy farms with up to 15,000 cows in China while Nestle has entered into partnership with local agricultural authorities in Morocco and Danone and is developing cooperative dairy farms for educational purposes in Ukraine and Turkey.
Over the next five years, there will be a small growth in the developed markets, while the emerging markets are going to see stronger growth. 64% of GDP growth is expected to come from emerging markets between 2011 and 2016. Since 88% of the global population will come from emerging regions by 2016 with a greater disposable income, the growth in the dairy and particularly the milk product market is expected to come from Asia Pacific. In the developed markets of Europe and the US, most of the growth is expected to come in further processed dairy products such as cheeses and yoghurts.
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