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Dairy Bussiness Worldwide: October - December 2016

In the year 2025: World dairy market trends and transformations
 
By Eric J. Brooks
 
 
While dairy farmers are still patiently waiting for the market to recover from the previous boom's excesses, the industry's supply, demand and geographic fundamentals are gradually changing. Powered by annual increases of 3.5% in South Asia, developing country consumption of dairy products is rising by an FAO -estimated 2.9% annually, which is at least 0.5% faster than the more mature Chinese market’s fresh dairy CAGR.

And with growth shifting to immature, less sophisticated markets, the growth rate of industrial dairy goods like WMP in developed and developing countries will be 31% and 69%, respectively, decelerating at annual rates of 2.2% and 2.1%, respectively.

The deceleration in demand growth for internationally traded dairy goods in our decade is also impacting the world's top dairy exporters. With their own domestic markets flat and world demand growth falling off, the combined dairy output of New Zealand, Australia, America and the EU is rising by only 1.2%. In particular, by 2025, combined milk output of Australia and New Zealand will have risen by only 4.8 million tonnes - less than India’s annual output increase over the next decade.


The full article is published on the October - December 2016 issue of DAIRY BUSINESS WORLDWIDE. To read the full report, please email to inquiry@efeedlink.com to request for a complimentary copy of the magazine, indicating your name, mailing address and title of the report.

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