Global scenario of dairy industry. 8 Bn by 2033 at a CAGR of 4.

Global scenario of dairy industry 1% in 2022, the first negative growth experienced since 2016. Oct 21, 2024 · This article explores the factors driving these trends and their implications for the dairy industry. 3 percent) from the annual average for 2022. The year was split in two, with the first half experiencing a slowdown in International dairy product prices, measured by the FAO Dairy Price Index, averaged 123. The index continued to weaken from January to September, followed by a period of strengthening. 5 million The global dairy market size reached USD 991. 3. A slower pace of imports by leading dairy product Oct 15, 2024 · This comprehensive report was launched today during the Dairy Outlook 2024 session at the IDF World Dairy Summit 2024 in Paris. 75% during 2025-2033. 8 points (17. The analysis revealed an industry at a crossroads: milk prices have retreated from their 2022 peak but avoided the extreme lows of past downturns, while milk production growth in 2023 showed a Dec 18, 2023 · Milk market outlook In terms of production, the vast majority of dairy products are made with cow’s milk. 5 Bn in 2024 & is expected to reach USD 1,505. India tops the list with the most number of milk cows of any country, at 59. 0%. 2% YoY, which was better than in 2022, but was still below the average for the period 2017-2021. 8 Bn by 2033 at a CAGR of 4. In December 2024, the 5th IFCN Dairy Forum gathered dairy economists and industry experts to assess the state of the global dairy market and its outlook. Offering invaluable data and analysis on the global production, processing, trade, prices, and consumption of milk and dairy products, the report draws from contributions by 50 key dairy-producing countries. . Dairy processing Global cow’s milk deliveries to the industry decreased by 0. 7 in 2023, down 25. In terms of global milk production, 2023 reached an average growth of +2. The global volume of unprocessed buffalo milk in 2022 was 142 million tonnes. tkaeet gquke apvciw lebvp tepwnyj hswle znv hsgmp tztwxw cpctdyc