That’s the number the global market for dairy products is projected to reach by 2022. Growth will be driven by the rising importance of milk products in a balanced diet and nutrition, a growing body of scientific evidence validating the beneficial use of low-fat dairy products in controlling hypertension, and robust ingredient and flavor innovations for dairy products.
Source: Global Industry Analysts Inc., “Dairy Products — Global Strategic Business Report,” 2017.
To sell more milk or yogurt, add full-fat varieties. To sell more cheese, start making quark and farmer varieties. And ban the bland. Consumers want savory flavors.
All information is drawn from “What’s in Store 2017” published by the International Dairy-Deli-Bakery Association, Madison, Wis.