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Pakistan part of emerging markets in dairy industry.

KARACHI, June 25, 2009 (Balochistan Times) -- Pakistan is part of the emerging markets which are leading the growth in global dairy industry, accounting for nearly 95.8% of the growth in the past four years. A statement here on Thursday said that these markets- India, China and Middle East besides Pakistan, are experiencing fast growth in the consumption of milk and other liquid dairy products based on growing populations, rising household incomes, new dietary trends and increased awareness and availability of dairy products. It said that this research has been reported in the Tetra Pak Dairy Index - a biannual report, which is designed to help dairy producers identify new opportunities for growth, while offering all industry watchers information on the latest facts, figures, and trends related to the global dairy industry. The statement said that according to the research released by Tetra Pak, the world leader in food processing and packaging solutions, global consumption of milk and other liquid dairy products is expected to increase by a compound annual growth rate (CAGR) of 2.2% over the next three years. It said that according to the Tetra Pak Dairy Index, in 2008, global consumption of liquid dairy products, excluding soy and dairy alternatives, reached a record high of 258 billion litres. This marks a worldwide increase of 1.6% over 2007- an additional four billion litres. Over the past four years, global consumption of milk and other liquid dairy products has grown by a CAGR of 2.4%, despite a sharp spike in prices over the past two years, which saw milk prices increase by up to 75% in some markets before stabilising in late 2008. President and CEO of the Tetra Pak Group, Dennis Jensson, said: Milk is a basic food staple, which is considered part of a healthy and nutritious diet for all ages all around the world. We expect two trends to continue to drive global milk consumption over the next three years: continued growth in emerging markets and a shift toward consuming more packaged milk. Packaged milk continues to grow, based primarily on health and safety concerns and also a desire for more convenience to suit busier, more mobile lifestyles. Another factor driving growth, particularly in emerging markets, is a fundamental shift in the way liquid dairy products are packaged and consumed. From 2005 to 2008 the global market share of unpackaged milk declined by 1.8%. During the same time period, the global market share of Ultra High Temperature (UHT) milk (milk which can be shipped and stored before opening without requiring either refrigeration or preservatives) increased by 3.2%. Tetra Pak estimates that global consumption of UHT milk will grow at a CAGR of 5.2% between now and 2012, reaching more than 70 billion litres by 2012. In fact, consumption of packaged milk and other liquid dairy products is growing faster than the entire liquid dairy category, and is expected to reach more than 72% of total global consumption by 2012.

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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:Jun 25, 2009
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