Dairy
BUSINESS
TRENDS IN FORMULATING, PROCESSING, PACKAGING & CONSUMPTION OF DAIRY PRODUCTS
Growing dairy industry in Africa taps more investments as demand rises By Catherine Wanjiku
The sector continues to receive significant funding and investments from local, regional and global giants
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ilk is a widely consumed beverage, rich in vital nutrients. It’s safe to say, it is one of the most versatile food products that can be consumed on its own, paired with other ingredients to come up with a new product. It can also be processed into an array of offerings to include butter, cheese, cream, yogurt, ghee, condensed milk, dried milk, ice cream among others. The branching out of milk into other products has led
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NOV/DEC 2021 | FOOD BUSINESS AFRICA
to the emergence of the multi-billion-dollar dairy industry. According to Research and Markets, the global dairy food market is expected to grow from US$675.78 billion in 2020 to US$722.14 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The market is further expected to reach US$956.26 billion in 2025 at a CAGR of 7%. Africa’s dairy industry has immense potential that is yet to be actualized due to several challenges, including low productivity per cow, fluctuating milk production, FOODBUSINESSAFRICA.COM
