Got Milk? Investors Navigate Challenges in Dairy Sector

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Researched by Industrial Info Resources (Sugar Land, Texas)--The global market for milk has been fluctuating in recent years due to variations in global supply and demand; concerns regarding animal health; challenges in livestock maintenance; and a growing preference for plant-based dairy products.

In developing countries, demand for milk and milk products are rapidly expanding, but yields remain below the global standards. This can be due to factors like inadequate feeding and veterinary services; growth hormones that interfere with the genetic make-up of the cattle; and higher temperatures leading to heat stress in livestock. Nevertheless, various governments are now focusing on animal health and maintaining stringent environmental regulations.

Industrial Info is tracking more than 700 active capital-spending projects worldwide, totaling more than US$16 billion of investment, aimed at milk production. About 74% of the total is driven by grassroot developments, while 15% is focused on plant expansions. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for a full list of detailed project reports.

The U.S., Algeria and China lead with more than US$4 billion, US$3 billion and US$2 billion of investment, respectively. Algeria recently signed a US$3.5 billion deal with Qatari firm to develop the world's largest dairy farm, as it has been relying heavily on powdered milk imports in the last few years. Subscribers can learn more from a detailed project report and plant profile.

China, the second largest milk importer in 2022, is now focusing on import substitution to boost local production and reduce dependence on foreign suppliers.

Other countries with significant spending include India, Vietnam, Malaysia, Brazil and Mexico.

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) platform 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 more than 200,000 current and future projects worth $17.8 trillion (USD).