[VIDEO] The Tetra Pak Dairy Index Looks at Rising Milk Demand
What’s going on in the world of dairy production? More importantly, what will the industry look like in the very near future? This week global packaging company Tetra Pak released its 7th Dairy Index, taking a look at what the industry can expect as far as challenges and opportunities as it rises to meet consumer demands.
“The predicted surge in global demand offers a huge opportunity for dairy companies in developed markets to export powder and ambient liquid dairy products to growing economies,” says Dennis Jönsson, President and CEO of Tetra Pak Group. “However, to ensure long-term success, these producers need to balance the ‘quick wins’ of export against the requirement to continue to grow their domestic markets.”
In conjunction with the Index, Tetra Pak released an informative infographic video highlighting some of its insights:
- The world’s dairy consumption is expected to increase by as much as 36 percent between now and 2024;
- This increase will be driven mostly by an increasing population, as well as a rising income followed by demand in developing markets like Africa, South America, and Southeast Asia;
- While this should provide new opportunities for already developed exporting systems out of North America, Europe, and Australia, the index predicts that demand will continue to outpace supply;
- Meanwhile, the more mature markets that these exporters call home will see a decrease in milk consumption, necessitating further development of value-added products like yogurt and flavored milk beverages.
For more insights about the effects of climate, resources, and other factors on the industry, check out the video:
