Dairy news

Here are some recent news stories and updates from the dairy industry:

1. Global Dairy Market Trends

• The global dairy market is expected to grow at a CAGR of 4.5% from 2023 to 2028, driven by increasing demand for dairy products in emerging markets, according to a report by Grand View Research.
• The report also notes that the rise of plant-based dairy alternatives is expected to pose a challenge to traditional dairy products.

2. US Dairy Industry Update

• The US dairy industry is experiencing a surge in milk production, with output reaching a record high of 24.4 billion pounds in January 2023, according to the US Department of Agriculture (USDA).
• The USDA also reports that dairy farm prices are expected to remain strong in 2023, driven by strong demand and limited supply.

3. Cheese Production

• The global cheese market is expected to grow at a CAGR of 4.3% from 2023 to 2028, driven by increasing demand for cheese in emerging markets, according to a report by ResearchAndMarkets.
• The report notes that the rise of artisanal and specialty cheese products is expected to drive growth in the market.

4. Yogurt Market Trends

• The global yogurt market is expected to grow at a CAGR of 5.5% from 2023 to 2028, driven by increasing demand for healthy and convenient food options, according to a report by MarketsandMarkets.
• The report notes that the rise of probiotic and functional yogurt products is expected to drive growth in the market.

5. Sustainability in Dairy

• The dairy industry is facing increasing pressure to reduce its environmental impact, with many companies committing to reduce their carbon footprint and improve their sustainability practices.
• For example, Danone has set a goal to reduce its carbon emissions by 50% by 2030, while Nestle has committed to reducing its water usage by 40% by 2025.

6. Dairy Trade Agreements

• The US and Canada have reached a new trade agreement that will reduce tariffs on dairy products, making it easier for US dairy farmers to export their products to Canada.
• The agreement is expected to benefit US dairy farmers and processors, who have been seeking greater access to the Canadian market.

7. Dairy Innovation

• Researchers at the University of Wisconsin-Madison have developed a new type of dairy protein that can be used to create plant-based dairy alternatives with a similar taste and texture to traditional dairy products.
• The innovation has the potential to revolutionize the dairy industry, making it easier for companies to create plant-based dairy products that are indistinguishable from traditional dairy products.

These are just a few of the latest news stories and updates from the dairy industry. If you have any specific questions or topics you'd like to know more about, feel free to ask!