- Published: Wednesday, 12 October 2016 10:14
- Sourced by SolutionsTeam
The global market for dairy products is growing steadily and is expected to generate revenue worth more than $400 billion in 2019. World milk production has increased by more than 50 percent in the last three decades, from 500 million tonnes in 1983 to 769 million tonnes in 2013, according to the Food and Agriculture Organization. The U.S. is the largest milk producer in the world, accounting for 14.4 percent of world production 91 million tonnes in 2013. India is No. 2 with 9.5 percent of world milk production amounting to 61 million tonnes in 2013. The U.K. is the 10th largest producer, with 2.2 percent of world cow’s milk production and 14 million tonnes in 2013. Of the 10 largest milk producing countries, Turkey and Brazil grew the most at 4.2 percent and 6 percent from 2012 to 2013.