The findings of a survey conducted in the US by McKinsey & Company indicate that dairy companies wishing to capitalise on a growing global market, need to expand into emerging markets. US per capita consumption of dairy remained stagnant over the past four years while China and India experienced growth of 6.1% and 3.6% respectively. Although the market for traditional milk is shrinking, high growth is experienced in the dairy ingredients market. It is expected that the dairy ingredients market will grow by 3% per year from 2011 to 2020. To read more about this, click HERE.
Published on Tuesday, 2nd February 2016 - 08:12
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