New Delhi: Driven by high growth in emerging
markets like India and China, coupled with increasing
household incomes, the global diary output is expected to
touch 281 billion litre by 2012, a global food processing and
packaging solutions firm has said.
In a report by the Sweden-based Tetra Pak,
consumption of milk products is likely to register an
compounded annual growth of 2.2 per cent over the next three
years.
The report said developing countries like India, China
and Pakistan at present account for 68 per cent of the total
LDP (liquid dairy products) consumption and are expected to be
the growth drivers for the next three years.
"Emerging countries have driven the vast majority of
growth in the global dairy industry with growth based
primarily on increasing populations and rising household
incomes which, in turn, have influenced consumption habits,"
Tetra Pak president and CEO Dennis Jonsson said here today.
Global consumption of white milk and other dairy products
has grown by 1.3 per cent in the past one year and is likely
to reach 262.8 billion litre by the end of this year.
In 2008, the total LDP stood at 259.4 billion litre.
"Much of this growth will be led by emerging markets,
such as India, China and the Middle East, which have driven
the vast majority of growth in the industry over the past four
years," Jonsson said.
PTI
First Published: Thursday, December 03, 2009, 20:54