Dairy Industry Is Strong in Latin America

Researched by Industrial Info Resources (Sugar Land, Texas)--The dairy industry is one of the most dynamic and important economic areas in Latin America, and despite the new trend in plant-based products within the food and beverage sector, the industry remains strong and continues to grow.

Geographically, the Latin America dairy market is segmented into Brazil, Mexico, Argentina, Chile and the rest of Latin America. Brazil is one of the leading markets for the region, and any changes to this market affect the rest of Latin America as a whole.

In Brazil, there has been a rising demand for traditional dairy products like cream cheese, which in turn drives the demand for processed cheese. An example of this is a project from UNIUM, which involves constructing a cheese factory beside a milk processing plant in Ponta Grossa at a cost of US$70 million. The new plant is projected to produce 80 tons per day of cheese products, and completion is expected in the first half of 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Food & Beverage Project Database can click here for the related project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).