News

Global dairy demand will grow

The U.K. research firm ReportBuyer says; “The expansion of the global dairy product industry is forecast to reach 8.8% per year in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 5.5%.”

The industry report package Dairy Product Markets in the World to 2018 – Market Size, Trends, and Forecasts says China, France, Germany, Russia, and the United States represent the largest dairy product markets while the strongest annual growth is predicted to occur in Egypt (15.6%), United States (14.2%), Morocco (13.8%), Tanzania (13.2%), and India (13.1%).

The report includes data on current and projected dairy demand in 74 countries.