Blog:
Emerging markets offer potential for dairy, soy makers
Katy Askew | 11 July 2016
Growing demand in emerging markets are set to drive 4.6% growth in the global dairy and soy food market by 2020, according to new research.
The global dairy and soy food market will rise from US$617.9bn in 2015 to $773.4bn by 2020, representing a compound annual growth rate of 4.6%, according to consumer insight firm Canadean.
The company’s latest report states that this cautious growth will be driven primarily by emerging and developing markets in Asia-Pacific, Middle East and Africa and East European regions, in contrast to West Europe and North America, whose “economic fragility” has resulted in risks of weaker market growth.
According to Kiran Akkineni, analyst for Canadean: “Changing consumer preferences and purchase patterns due to socio-economic and demographic changes have created new market dynamics. While the key markets of Western Europe and North America have witnessed stagnancy in liquid milk consumption paired with fast growth in processed and soy products, developing countries have recorded steep growth in demand for dairy products owing to their fairly low per capita consumption.”
Interestingly, the potential of emerging markets for dairy alternatives is also a long-term opportunity that is increasingly on the industry radar.
Detailing Danone's proposed acquisition of WhiteWave Foods last week, Danone CEO Emmanuel Faber said in the near term brands like Alpro are likely to receive a boost in the "big European markets" where Danone has a strong share of the dairy counter. However, he continued, the "much bigger opportunity for the long term is about emerging countries".
Sectors: Dairy, Emerging markets
Companies: WhiteWave Foods, Danone
BLOG
UK regulator shines light on Amazon's Deliveroo investment
Amazon's move to invest in UK food-delivery business Deliveroo caught the eye when it was announced in May – but it’s also attracted the attention of the country’s competition regulator....
BLOG
Amazon tries again in UK food delivery
Perhaps today's most eye-catching corporate food story here in the UK is Amazon's decision to invest in food-delivery business Deliveroo....
Most Popular
Insights
- Covid sweetens China interest in functional candy
- How Covid has shaped Brazil frozen-food market
- How to avoid FDI turning into a nightmare
- Covid-19 has closed digital age gap
- Swiss dairy group Emmi talks sustainability goals
News
- UK reveals latest figures for food exports to EU
- Kerry's talks over asset sale suspended
- Vicky Foods in international expansion move
- US snacks maker Hippeas installs new CEO
- Granarolo eyes M&A targets at home and abroad
Market research
- China In-depth PESTLE Insights
- Arla Foods amba - Strategy, SWOT and Corporate Finance Report
- Meal Kits (Prepared Meals) Market in South Korea - Outlook to 2024; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact)
- Ice Cream in the Netherlands
- Processed Snacks (Savory Snacks) Market in Egypt - Outlook to 2023: Market Size, Growth and Forecast Analytics