An increase in the production and consumption of dairy products in developing economies such as India and Turkey are likely to drive the growth of the global dairy derivatives market.
LONDON: The procurement research report on the dairy derivatives market is an essential part of SpendEdge’s agro commodities and raw materials category portfolio and offers a complete analysis of the key factors influencing the supply market, pricing models, substantial procurement decisions, and procurement best practices. Furthermore, it also offers deeper insights into the supply chain risk management practices, key market developments, and demand-supply shifts to help procurement experts make effective procurement decisions.
The potential of dairy products to help maintain muscle mass among the aging population is one of the key reason fueling the dairy derivatives market. The dairy proteins are among the most adopted proteins due to their amino acid profile. The consumption of dairy proteins has increased in emerging markets due to rising disposable incomes and consumers transitioning toward being health and fitness conscious. This is promoting the use of specialized sports nutrition dairy products to achieve health and fitness.
“Purchasing managers must engage with suppliers that promote and practice sound upstream supply management practices,” says A Kowshik, an agro commodities and raw materials industry procurement research expert at SpendEdge. “Suppliers must have a reliable, high-quality supply chain that has comprehensive quality,” added Kowshik.
Dairy products are highly perishable in nature and require a complex set of operations and logistics such as cold-chain to ensure freshness and safety. However, the emerging yet fast-growing still have under-developed sales and distribution channels. This poses a challenge for suppliers to introduce dairy products that have a low shelf life in these countries.
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