Speaking at the International Dairy Federation (IDF) World Dairy Summit held in Belfast from 30 October to 3 November, industry leaders highlighted the continued impressive growth of the dairy sector in emerging markets across the world. A clear indication was given that the future for dairy is bright in emerging markets, particularly in Asia, Africa and Latin America. The economic dynamism of East Asia continues to present an enormous growth opportunity for the global dairy sector.
Michael Hanley, Group Chief Executive, Lakeland Dairies – which operate on both sides of the Irish border – said: “A substantial proportion of our revenues are generated from exports with over 200 of our products being exported to over 80 countries. A host of opportunities exist for dairy businesses in global emerging markets.”
“By 2050, three out of four people will either live in Africa of Asia. It is vital for dairy businesses in developed markets to invest time and resources in building a presence to ensure dairy remains an integral part of consumers’ diets in these markets.”
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