
Emerging Markets Fuel Demand Surge While New Trends Challenge Traditional Dairy.
The global dairy market is on the cusp of significant expansion, with projections indicating an 11% per capita increase in demand for fresh dairy products over the next decade (2023-2033). This robust growth is overwhelmingly driven by dynamic developing regions, propelled by a rising global population, expected to hit 8.7 billion by 2033, and steady economic growth. For the international dairy community, this signals a prime opportunity in Asia, the Middle East, and Africa, where rising incomes are fueling a shift towards higher-value foods and Western-style diets, profoundly impacting dairy economics.

While fresh dairy consumption finds strong impetus in populous nations like India and Pakistan, the article highlights an accelerating trend towards processed dairy products, with cheese leading this charge in both developed and developing countries. This diversification in demand presents new avenues for dairy manufacturers and exporters, including those in the UK, to tailor their product offerings for evolving consumer preferences worldwide. The growth of the agribusiness sector will be intertwined with these consumption patterns.
However, the long-term outlook is not without its complexities. Evolving consumer preferences in developed regions, such as a shift towards lower-fat diets in the EU, and the emerging impact of GLP-1 diet drugs in Western countries, could temper demand for certain dairy components. Furthermore, the increasing competitiveness of plant-based alternatives, particularly noticeable in Europe, introduces a new dynamic, challenging traditional dairy markets and necessitating strategic responses from the industry.

These shifting dynamics in consumption could lead to an unbalanced dairy component mix, potentially affecting global trade flows and pricing structures. For dairy producers and analysts, understanding these nuanced trends is critical for strategic planning. The article points to a future where overall global demand for dairy is projected to outpace production growth, creating inherent pricing pressures and opening significant export opportunities, especially for regions like the UK in burgeoning Asian and African markets.
In summary, the next decade promises a vibrant, albeit complex, landscape for global dairy consumption. The overwhelming surge in demand from developing economies offers immense potential for growth and investment. Simultaneously, the industry must adapt to evolving dietary preferences, the rise of dairy alternatives, and the intricate interplay of supply and demand to ensure sustainable growth and profitability in an increasingly interconnected and dynamic international dairy sector.
Source: AHDB: What’s the long-term global outlook for dairy consumption?
You can now read the most important #news on #eDairyNews #Whatsapp channels!!!
🇺🇸 eDairy News INGLÊS: https://whatsapp.com/channel/0029VaKsjzGDTkJyIN6hcP1K