Dairy consumption might cause global deficit by 2024
Global consumption of dairy products will increase by 36% in the next decade, reaching about 710 million tons of liquid milk equivalent by 2024, according to the Tetra Pak Dairy Index, a global survey of dairy trends released yesterday by the Swedish packaging giant. Emerging countries will drive this growth, the study shows.
The increased demand, spurred mainly by population growth, prosperity and urbanization in Africa, Asia and Latin America, may outstrip supply, according to the study, creating a deficit in the next 10 years, which will inevitably lead to a rise in prices.
According to the survey, changes in consumer habits and global demographics mean the dairy industry is in a period of transition - in the current environment, it is looking beyond local markets to other regions of the world, either as sources or markets. This means opportunities but also challenges, says Tetra Pak.
Information provided by Valor Econômico