Global Dairy Market to Reach $1.05 Trillion by 2028 with 10.6% CAGR
Source: DairyNews.today
The global dairy market is forecast to accelerate with a projected compound annual growth rate (CAGR) of 10.6% from 2023 to 2028, driving its value to $1.05 trillion by the end of 2028. This growth marks a significant increase from the market's 2023 revenue of $638.31 billion, which represented a CAGR of 5.9% between 2018 and 2023.
The market's steady expansion is fueled by rising consumer demand for various dairy products, including butter, cheese, yogurt, milk, and dairy-based desserts. In 2023, market consumption volume stood at 195.95 billion kilograms, with a CAGR of 1.3% from 2018 to 2023.
Key players in the global dairy market continue to face competitive pressures, but the industry's growth prospects remain strong due to increasing global consumption and demand for diverse dairy offerings.
23.09.2024
Carbon emissions in global milk production - the elephant in the room
I have been thinking to make this post yes/ no. I decided for yes and like to ask everyone to not "shoot the messenger". The chart shows an analysis of IFCN Dairy Research Network from the 2024 supporter conference in Poland.
