Dairy Market Trends: Latin America Hot Region for Product Introductions
Latin America may be the hottest region in the world right now in terms of dairy product introductions. According to data from the Global New Products Data Base, Latin America has introduced a higher number of new products and line extensions each year for the last two or three years in the four sub-categories shown here. It is also on track to introduce more new products in 2005 than it did in 2004 in each of the sub-categories.
Asia Pacific is no slouch either but may have spiked in 2004. The same holds true in some product sub-categories for more established industries like North America and Europe. They have the highest total numbers, but not the growth rate of the emerging markets.