Dairy consumption has reached 250 kg per person per year

Published Jan 22, 2025

Tridge summary

Russia is set to reach a new milestone in milk consumption, with average per person consumption expected to rise to 250 kg by the end of 2024, up from 247 kg in 2023. This increase is primarily due to a 2% growth in commercial milk production, reaching 26.3 million tons in 2023, driven by a rising demand for both milk and dairy products. Despite this achievement, the Dairy Union of Russia indicates that the country's per capita dairy product consumption is still below the Ministry of Health's recommended minimum, suggesting room for further growth. However, the industry faces challenges such as a decrease in the dairy herd and a raw material base that is not growing as fast as demand, leading to higher dairy product prices and a reliance on imports to meet domestic demand.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia set a new record for milk consumption by the end of 2024: the figure rose to an average of 250 kg per person, while in 2023 it was 247 kg, TASS reported, citing Rosselkhozbank. According to its preliminary data, commercial milk production last year increased by 2%, to 26.3 million tons. “The main driver of the increase in milk and dairy product production is growing demand,” the bank’s analysts explained. They also note an increase in demand for milk-containing products, including cheeses, cottage cheese, butter and other milk-intensive products. Rosselkhozbank expects a further increase in milk and dairy product production by the end of 2025. The Dairy Union of Russia agrees with the assessment of Rosselkhozbank analysts. “Milk consumption by the end of last year really increased despite the fact that prices for it are also rising. Moreover, consumption is growing not only of milk, but also of other dairy products. In part, this dynamics is explained by the growth of the ...

Source: AgroInvestor