The future looks bright for probiotics, prebiotics and stevia, but a bit darker for sugar.
$546.8 billion
That’s the number the global market for dairy products is projected to reach by 2022. Growth will be driven by the rising importance of milk products in a balanced diet and nutrition, a growing body of scientific evidence validating the beneficial use of low-fat dairy products in controlling hypertension, and robust ingredient and flavor innovations for dairy products.
Source: Global Industry Analysts Inc., “Dairy Products — Global Strategic Business Report,” 2017.
What a difference a couple of decades can make. U.S. consumers have significantly increased their consumption of yogurt and cheese during the past 20 years while cutting back on milk and ice cream.
Today’s shoppers have a long list of ‘wants’ from the foods they buy, according to a PMMI study. Dairy processors with the right products in the right retail channels should succeed.
Dairies are relatively safer than some other food manufacturing plants. Within the dairy industry, ice cream plants pose more dangers.
After surveying consumers about their attitudes toward living green, Unilever concluded that “sustainability presents a growth opportunity for business.” Here’s how some dairy processors have altered their practices.
Who drinks the most milk? Who eats the most butter and cheese? These countries lead their regions in annual per-capita consumption (measured in kilograms) of dairy foods and beverages.
To sell more milk or yogurt, add full-fat varieties. To sell more cheese, start making quark and farmer varieties. And ban the bland. Consumers want savory flavors.
All information is drawn from “What’s in Store 2017” published by the International Dairy-Deli-Bakery Association, Madison, Wis.
Understanding consumers’ attitudes and values can help a dairy brand develop the right foods and then market them in ways that strike an appropriate chord with shoppers.
Young Americans (ages 20 to 29) snack throughout the day, according to a survey by the Private Label Manufacturers Association. They see all food as ‘eating occasions’ and they love to try new foods.
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