A new report predicts the expansion of the global dairy product industry will reach 8.8% per annum in the coming years.
April 14/London/PRNewswire -- A new report, "Dairy Product Markets in the World to 2018 - Market Size, Trends, and Forecasts" from ReportLinker, predicts the expansion of the global dairy product industry will reach 8.8% per annum in the coming years. Between 2007 and 2013, the market increased with an average annual growth of 5.5%.
Currently, cheese covers the largest part of the world market, accounting for 35.6% of the demand, while the remaining market share is divided between milk and cream (31.3%), whey (7.6%), milk oils and fats (7.3%), ice cream (4.1%), lactose and lactose syrup (3.9%), casein (3.1%), yogurt (2.3%) and other dairy products (4.7%).