keywords: dairies | china industry consultation network (www.china-consulting.cn)
in the next three years, the global demand for liquid dairy products will continue to grow. the annual compound growth rate of consumption of liquid dairy products shall grow from 2.5% between 2008 and 2011 to 2.9% between 2011 and 2014.
according to statistics, the demand for packaged liquid dairy products will steadily increase among the 2.7 billion low-income consumers in developing markets, where their consumption of dairy products will grow from about 70 billion l in 2011 to approximately 80 billion l in 2014, becoming one of the major growth points in the future dairy industry.
lactic acid beverages, infant milk and flavored milk are expected to become the fastest-growing categories. to be more specific, the lactic acid beverages has been favored by the asian low-income consumers with their high quality at low price, its annual compound growth rate being expected to achieve up to 11.9% between 2011 to 2014; next comes to the infant milk, whose annual compound growth rate of the same period is expected to be 9.0%. the flavored milk is also highly acclaimed for its high quality at low price with its annual compound growth rate of the same period expected to be 4.8%.
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