Posted on 10 Apr 2019
According to a new report by EMR titled ‘Europe Dairy Market Report and Forecast 2019-2024’, the growth of the Europe dairy market was driven by the milk industry, which witnessed a 0.7% increase in its output in 2018, as compared to 2017, to attain 226.7 million tonnes.
The Europe dairy market is one of the major dairy markets globally accounting for nearly 22% of the global milk production. In the European Union, the annual consumption of the dairy products is expected to be about 45 million metric tons, and more than 300 varieties of cheese and dairy products are registered in the region. The EU is a major producer of cheese and is expected to witness a 2% increase in production in 2018, as compared to 2017, driven by the rising demand both in the domestic market and the global market. By 2027, the market share of EU cheese production is projected to be nearly 43%.
The European cheese exports, as a whole, increased by 2.4% in 2018, as compared to the previous year. The European Union is the largest exporter of cheese, globally. The principal importer of EU cheese is the US followed by Japan and Switzerland. The EU is projected to retain its position as the largest cheese exporter globally and is expected to account for 37% of the global cheese export in 2027. The projected increase in the production of cheese in the EU is expected to be sustained by the increase in cheese exports to Canada with the Comprehensive Economic and Trade Agreement (CETA) coming into effect in 2017.
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Since the abolition of EU milk quotas in 2015, EU dairy exports have witnessed a steady increase. It is one of the leading exporters of dairy along with countries like New Zealand and the United States. Cheese, skimmed milk powder (SMP) and packed milk are the primary dairy products exported by the EU. In 2017, EU was the leading exporter of SMP whose volume increased by 36.7% from 2016. In 2017, China was the largest importer of packed milk produced in the EU and one of the leading importers of SMP after Algeria. EU exports of dairy products like cheese, milk powders, butter, condensed milk, cream, yoghurt, and milk saw an increase of 14.5% in 2017, as compared to the previous year.
Market Analysis by Types and Regions:
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Nestlé S.A., Danone S.A., Groupe Lactalis, Royal FrieslandCampina N.V., Arla Foods amba, Unilever, DMK Deutsches Milchkontor GmbH., Sodiaal International SA., Savencia S.A., and Müller Group are the major players in the Europe dairy market analysed by EMR. The EMR report provides the market share, capacity and latest developments of these key players like their capacity expansions, mergers and expansions, and plant turnarounds.
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