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%).

China, France, Germany, Russia, and the United States represent the largest dairy product markets, while the strongest annual growth is forecast to occur in Egypt (15.6%), United States (14.2%), Morocco (13.8%), Tanzania (13.2%) and India (13.1%).