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Dairy is forecast to grow at a 2.3% CAGR to 2021. Improved cold chain infrastructure in major markets such as Latin America, Asia Pacific and Middle East & North Africa is supporting growth in fresh, chilled milk, yoghurts and cheese products with nutritious dairy products fitting well within the global interest in healthier foods.
Lactose-free milks are also growing as consumers look for more easily digestible alternatives, in many markets.
Growth in the Middle East and Africa is due to the expanding population, frequent new product launches (especially in flavoured milk), retail development and effective marketing initiatives by key players
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