Tetra Pak bullish on dairy growth
MANILA, Philippines - Dairy experts see the potential in developing countries, including the Philippines, as the driving force in the dairy industries’ continuous growth worldwide.
This is based on a new research by Tetra Pak – the world’s leading food processing packaging company –which shows that 2.7 billion low-income consumers in developing countries will experience a rise in prosperity, purchasing power, and in their need for packaged liquid dairy products (LDP).
According to the Tetra Pak Dairy Index, which tracks worldwide facts, figures and trends in the global dairy industry, consumers from developing countries are expected to make the switch from drinking loose milk to packaged milk. This switch will then increase dairy consumption of low-income consumers from 70 billion liters posted in 2011 to 80 billion liters in 2014.
“Low-income consumers represent one of the biggest growth opportunities for the dairy industry. The key to tomorrow’s success is reaching these consumers today,” said Tetra Pak president and CEO Dennis Jönsson.
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