Emulsifier YN - The unique ingredient in chocolate production.
Palsgaard A/S
While this provides opportunities for dairy companies, working with these markets will be challenging, the report noted.
There will be a need for considerable advancement on many fronts, said the study, with a need to focus on the safe development of domestic supply chains in these countries.
Tim Hunt, global dairy strategist for Rabobank said: “Tapping into emerging market growth will present a particular challenge for many of the world’s dairy processors, most of which are domiciled in, and still focused on, the EU and US markets.”
The report, Global Dairy Outlook: Show me the Money, forecasts a global dairy market growth of 2.4% per annum over the next five years.