PG World, based in Greenock, Scotland, is thrilled to announce our expansion into the dairy sector, specifically focusing on milk powder and other dairy products. This diversification aligns perfectly with global market trends and opens up exciting new opportunities for growth.
By adding dairy products to our established portfolio of paper products, we're not just broadening our range; we're also responding to the increasing consumer demand for convenient and nutritious food options. This strategic move positions us to tap into a growing market that is evolving with changing lifestyles.
Our commitment to sustainability and innovation remains at the forefront of this expansion. As we enter the dairy industry, we aim to maintain our high standards of quality and responsible sourcing that have defined our operations in the paper sector. This approach will enhance our reputation as a versatile supplier in both the paper and food industries.
With our robust logistics and distribution networks already in place, we are well-equipped to efficiently deliver these new offerings. I am confident that this expansion will not only strengthen our market position but also contribute positively to the nutritional landscape for consumers.
The global milk powder market is projected to grow significantly, reaching a value of USD 37.55 billion by 2029. Milk powder's low moisture content increases shelf life, making it ideal for regions with limited transportation infrastructure. It is widely used in various applications, including infant formula and sports nutrition products, due to its nutritional value and convenience
The dairy products market is also experiencing robust growth, projected to reach USD 855.4 billion by 2036. This expansion is driven by increasing global demand, urbanization, and the adoption of Western diets. Dairy products such as milk, cheese, and yogurt are seeing increased consumption due to their nutritional benefits
In addition to its existing range of paper products, PG World is now venturing into the dairy sector with a focus on milk powder and other dairy derivatives. These products include:
These dairy products are sourced from certified processing sites in the UK, Latin America and EU, ensuring quality and compliance with food safety standards.