Global dairy market trends

Published 2024년 5월 22일

Tridge summary

Rabobank's global dairy report forecasts a recovery and rise in dairy prices in major producing countries due to increased demand, despite economic slowdowns. Factors such as political changes and environmental regulations could impact the industry. The market is also responding to the growth of plant-based alternative beverages. Irish food company Kerry Group has launched a hybrid dairy product, and French dairy company Danone is expanding its plant-based alternative drink production. Japan's Meiji Dairy Company is investing in a new factory to improve competitiveness and stability, with a focus on automation and reducing environmental impact.

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

Original content

[Livestock News Reporter Min Byeong-jin] According to a recent dairy industry report released by Rabobank, a global financial and market analysis company, prices are rising due to the recovery in demand for dairy products in major dairy producing countries. On the other hand, it is expected that the dairy industry will be affected by factors such as political changes and strengthening environmental regulations. Meanwhile, as the market for plant-based alternative beverages expands, the global dairy industry is making efforts to keep pace with consumer needs by developing alternative beverages that are not limited to dairy products or expanding investments to ensure a stable supply of dairy products. Accordingly, we looked at global dairy market trends through the May issue of the ‘Global Dairy Report’ of the Dairy Promotion Association (Chairman Kim Seon-young). Rush of alternative beverage products to meet consumer needs Expansion into investment for stable supply of dairy ...

Source: Chuksannews