Feed Strategy - October 2019 - 4

4 ❙ FeedStrategy

Consumers,
trade, weather
sway dairy feed volumes
While uncertainty defined global dairy production
for much of 2019, stability may be on the horizon in 2020.
JACKIE ROEMBKE

T

hough the global dairy industry has faced significant challenges in 2019, the outlook for 2020 is
relatively bright, at least according to the dairy
and feed industry stakeholders interviewed for Feed
Strategy's 2020 Dairy Outlook report.
The following aims to identify the macro trends
and conditions impacting dairy production - and in
turn, dairy cattle feed volumes over the next 12 months
and beyond.

Dairy consumption trends
The consensus is that, globally, consumers are
drinking less milk, but the demand for dairy products
overall remains high.
"Per capita consumption of milk in all forms,
like cheese, yogurt and butter, is still going up when
converted back to raw milk equivalents - and that's
a good thing for producers," reports Ben Laine, dairy
analyst with Rabo AgriFinance, a U.S. subsidiary of
Rabobank.
In 2018, the global dairy industry increased

milk production by 2.2%, totaling 843 million tons
(FAO), and saw sales over US$500 billion, according
to Euromonitor International.
A growing global population will likely support the
market for high-quality dietary protein, including milk
and dairy products. However, to achieve sustainable
growth, much of this demand will have to come from
developing countries, where populations and incomes
are on the rise.
Over the next five years, the global dairy market
is expected to experience a 5% compounded annual
growth rate (CAGR), reaching a value of US$703.5
billion, according to Mordor Intelligence.

Plant-based alternatives claim market
As plant-based dairy alternatives continue to gain
popularity and market share, traditional dairy will
continue to struggle to maintain its position.
According to Grand View Research, the global
dairy alternative market is expected to reach US$41.06
billion by 2025, growing at a 16.7% CAGR.
www.FeedStrategy.com ❙ October 2019


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Feed Strategy - October 2019

Table of Contents for the Digital Edition of Feed Strategy - October 2019

Feed Strategy - October 2019
Contents
In the Mix
Industry Happenings
Consumers, weather, trade sway 2019 dairy feed volumes
Tips for maximizing forage in ruminant rations
How to replace corn with wheat in modern animal diets
Marketing nutrition by following trends
What AGPs can teach us about growth promotion
Broad review of research presented during 2019 ESPN
Grinding: benefits of particle size modifications
Products
Advertisers’ Index
Feed Strategy - October 2019 - CT1
Feed Strategy - October 2019 - CT2
Feed Strategy - October 2019 - Feed Strategy - October 2019
Feed Strategy - October 2019 - Cover2
Feed Strategy - October 2019 - CT3
Feed Strategy - October 2019 - CT4
Feed Strategy - October 2019 - Contents
Feed Strategy - October 2019 - In the Mix
Feed Strategy - October 2019 - Industry Happenings
Feed Strategy - October 2019 - Consumers, weather, trade sway 2019 dairy feed volumes
Feed Strategy - October 2019 - 5
Feed Strategy - October 2019 - 6
Feed Strategy - October 2019 - 7
Feed Strategy - October 2019 - 8
Feed Strategy - October 2019 - 9
Feed Strategy - October 2019 - Tips for maximizing forage in ruminant rations
Feed Strategy - October 2019 - 11
Feed Strategy - October 2019 - 12
Feed Strategy - October 2019 - 13
Feed Strategy - October 2019 - 14
Feed Strategy - October 2019 - 15
Feed Strategy - October 2019 - How to replace corn with wheat in modern animal diets
Feed Strategy - October 2019 - 17
Feed Strategy - October 2019 - 18
Feed Strategy - October 2019 - 19
Feed Strategy - October 2019 - 20
Feed Strategy - October 2019 - 21
Feed Strategy - October 2019 - Marketing nutrition by following trends
Feed Strategy - October 2019 - 23
Feed Strategy - October 2019 - What AGPs can teach us about growth promotion
Feed Strategy - October 2019 - 25
Feed Strategy - October 2019 - 26
Feed Strategy - October 2019 - 27
Feed Strategy - October 2019 - Broad review of research presented during 2019 ESPN
Feed Strategy - October 2019 - 29
Feed Strategy - October 2019 - 30
Feed Strategy - October 2019 - 31
Feed Strategy - October 2019 - Grinding: benefits of particle size modifications
Feed Strategy - October 2019 - 33
Feed Strategy - October 2019 - 34
Feed Strategy - October 2019 - 35
Feed Strategy - October 2019 - 36
Feed Strategy - October 2019 - 37
Feed Strategy - October 2019 - Products
Feed Strategy - October 2019 - 39
Feed Strategy - October 2019 - Advertisers’ Index
Feed Strategy - October 2019 - Cover3
Feed Strategy - October 2019 - Cover4
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