dairy market,
world dairy market,
Coronavirus
Dairy market withstood the attack of coronavirus
Despite the difficult situation in 2020, the volume of milk production in the world this year amounted to 903 million tons, while in 2019 — 881 million tons.
The growth of milk consumption amounted to 1.4 million tons. According to experts, this indicates a relatively stable result.
General Director of the Analytical Agency GIRA, Christophe Lafougere, believes that milk belongs to essential products. Therefore, even if there is a problem, milk is bought even more. In 2021, he expects an increase in consumption of this popular product by 8.6 million tons. Although it does not exclude a decrease in purchasing power in some countries.
A good increase in sales, according to the expert, was shown by the category of yoghurts, which are associated in the population with a product that increases immunity. However, due to the closure of catering outlets, the consumption of butter has decreased. In the US, for example, over 60% of this product is purchased by cafes and restaurants.