IFCN Dairy Outlook 2030 CURIOUS? YOU SHOULD BE! Per capita milk consumption: Milk production: Milk production per farm: Until 2030, global population will increase by 16% to 8.7 billion people, so 1.2 billion more consumers will demand milk products. Average milk yield: THE DAIRY WORLD 2017 vs. 2030 + 304 mill t + 54% + 16% + 23% Approx. 3 times of the current USA milk supply
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CURIOUS? YOU SHOULD BE! Dairy Outlook 2030 · The main assumption of the outlook is a long-term balance of supply and demand. Firstly, IFCN determines the two most relevant drivers
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IFCN Dairy Outlook 2030
CURIOUS? YOU SHOULD BE!
Per capita milk consumption:
Milk production:
Milk production per farm:
Until 2030, global population will increase by 16% to 8.7 billionpeople, so 1.2 billion more consumers will demand milk products.
Average milk yield:
THE DAIRY WORLD 2017 vs. 2030
+ 304 mill t
+ 54%
+ 16%
+ 23%
Approx. 3 times of thecurrent USA milk supply
WORLD MILK PRODUCTION BY REGIONS
Sout
h As
ia
14%
Nor
thAm
eric
a
26%
Afr
ica
East
&So
uthe
ast
Asia
Nea
r &M
iddl
e Ea
st
Oce
ania
22%
This diagram shows the milk volume of the world regions in 2030 and % change in milk supply 2017 vs 2030.
KNOWLEDGE GIVES YOU A HEAD START
World milk production35% Growth
Today the dairy world is serving over 7 billion consumers and providing livelihoods for approximately 1 billion people involved in the dairy chain. The dairy sector with its complexity entails great challenges
due to its high rate of significant changes, influenced by economic and political decisions and drivers.
In response to this, IFCN aims to answer upcoming questions concerning the development of the dairyworld in the next 13 years and its crucial structural changes. The aim of producing a long-term outlook isto provide all stakeholders of the dairy value chain with a clearer understanding of future developments inthe dairy sector.
In the next 13 years, the number of dairy farms will decrease to 104 mill,hence 14 mill farm will be lost.
At the global level average, farm size will expand to 4 head / farm, whichcorresponds to a global increase of 29% in average farm sizes.
DAIRY FARM NUMBERS AND SIZE
Wes
tern
Euro
pe
64%
East
ern
Euro
pe &
CIS
36%
Latin
Amer
ica
24% 27%
22%
Global average dairy farm size 29% Growth
33%
100
400
200
300
mill ton ECM
Wes
tern
Euro
pe
Nor
th A
mer
ica
Latin
Amer
ica
East
&So
uthe
ast
Asia
East
ern
Euro
pe &
CIS
Oce
ania
Afric
a
Sout
h As
ia
Nea
r &M
iddl
e Ea
st
100
200
400
cows / farm
< 20
14%
82%
65%
22% 78%
6%
32%
9%
37%
414
340
98
16
10
5
4
4
3
DAIRY WORLD METRICS 2007 / 2017 / 2030
FUTURE DRIVERS OF THE DAIRY WORLD
ABSOLUTE VOLUME CHANGE IN WORLD MILKPRODUCTION 2017 vs. 2030
CONTACT US
The main assumption of the outlook is a long-term balance of supply and demand. Firstly, IFCNdetermines the two most relevant drivers of the dairy world, with which a scenario matrix is constructed.Secondly, IFCN selects the most probable scenario. Coupled with this, different assumptions are implied.The scenario assumes positive consumer preferences in terms of milk and favorable policies facilitatingpeace, open trade and a positive level of GDP.
Based on the mentioned assumptions, an iterative world supply/demand equilibrium modeling process isrun to determine a world price level that will allow milk production on a level to cover demand. Thus,diverse data from around 200 countries, describing the dairy world for the next 13 years, are generated.