The global demand for milk is expected to surge by 36 percent in the next decade, overtaking supply which will require producers in developed and emerging dairy markets to take on a balancing act to ensure sustainable success, according to the 7th Dairy Index released by Tetra Pak.
The report highlights opportunities and challenges posed by rising global demand in the dairy industry. Specifically, demand is increasing because of population growth as well as the urbanization and thriving economies in parts of Africa, Asia and Latin America, the index reported.