According to the 5th. version of the comprehensive Dairy Index study, developed by Tetra Pak, economic growth and new consumer preferences for healthier products, are the trends that mark this growth.
Global consumption of liquid dairy products (LDP) will grow at an annual rate of 2.9% until the beginning of 2015 and will be driven by a burgeoning demand in the regions of Asia, Africa and Latin America, so says the latest Dairy Index global study, developed by Tetra Pak.
It is expected that Asia, Latin America and Africa will record higher growth in rates of consumption until the end of 2014, Asia is expected to consolidate its position as the largest market for liquid dairy and dairy alternatives in the world. For its part Latin America plans to surpass Western Europe as the second largest market.
Source: Tetra Pak
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This decade demand is expected to increase by 18%.
According to Dairy Index, a study conducted globally by the company Tetra Pak, the consumption of liquid milk in Panama will grow significantly.
One of the main reasons behind the 18% rise forecast by the study is the free trade agreement, which will boost imports of the product.
The rise of the middle class and its purchasing power in emerging countries is causing a boom in the global demand for liquid dairy products.
The fourth Tetra Pak Dairy Index provides valuable information on consumer trends that will shape the dairy industry over the next decade, creating new growth opportunities.
Global consumption of milk shakes will more than double in the next three years, as consumers prefer nutritious shakes in convenient packaging as an alternative to other beverages.
From a press release issued by the company Tetra Pak:
The sixth Tetra Pak Dairy Index highlights the increasing demand for ready to drink shakes, driven by health conscious consumers and its flavor.
Domestic milk consumption is growing at 3.9% annually, while exports in 2010 reached $74 million, compared to $49 million sold abroad in 2008.
The country ranks third in Latin America in per capita consumption with 199 liters per year, according to the Chamber of National Milk Producers (NCPC in Spanish).