Global Dairy Market Recovery Starts From 2017 According to Report

Dairy activities have been an integral part of our civilization since the ancient times. Dairy market has its web spread across the whole world as people rear milch animals in almost every country. This sector also helps sustain the farm and rural community worldwide. With an active consumption of dairy products and their proactive function in the global food system, dairy plays a crucial role in the growth of the economies worldwide.

The report finds that population growth, rising incomes, health consciousness and thriving food and beverage industries are some of the many reasons due to which the multi-billion dollar global dairy market has been witnessing stable growth for the past many decades.

In recent years, however, the market has been impacted due to an imbalance in the demand-supply ratio. Revenues have gone south due to an excess milk production and a sluggish demand in the key import markets such as China. Fortunately, a slow recovery has been forecast from 2017 onwards.

Based on the product type, the report has categorized the global dairy market into 17 major product segments: – Fluid Milk, UHT Milk, Flavoured Milk, Cream, Butter, Ghee, Anhydrous Milk Fat, Skimmed Milk Powder, Whole Milk Powder, Whey Protein (Powder and Concentrate), Casein Powder, Lactose Powder, Cheese, Yogurt, Ice-Cream, Cottage Cheese and Probiotic Dairy Products. According to the report, fluid milk represents the biggest product segment and was worth around US$ 190 billion in 2015, with Asia representing the biggest consumer.

On the basis of geography, the report has categorized the global dairy market into the following countries – USA, Brazil, Argentina, India, China, Japan, New Zealand, Australia, Germany, Ireland and Italy. For each of the countries, this study brings forth the market trends, trade profile and key players in the dairy industry. India is the largest producer of milk in the world but almost all of its dairy produce is consumed domestically. India is followed by Europe, the United States, New Zealand and Australia who are among the top dairy producers and direct the global dairy trade.

These latter four regions currently represent the biggest exporters of dairy products. In 2015, New Zealand was the largest exporter of butter, exporting around 500,000 Tons. New Zealand was followed by Europe (185,000 Tons). In the same year, Europe was the largest exporter of SMP, exporting 686,000 Tons, followed by the USA (560,000 Tons). Russia, China and Mexico are among the largest importers of dairy products globally.

Read the full report: http://www.reportlinker.com/p04091915-summary/view-report.html

Source: Reportlinker

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