Increased Milk Consumption in Panama

This decade demand is expected to increase by 18%.

Wednesday, July 27, 2011

According to Dairy Index, a study conducted globally by the company Tetra Pak, the consumption of liquid milk in Panama will grow significantly.

One of the main reasons behind the 18% rise forecast by the study is the free trade agreement, which will boost imports of the product.

An article in Panamaamerica.com notes: "Other countries that will see growth in consumption are Guatemala, with 17.4%, Honduras, with 8.8%, and Costa Rica, with 7%. Emerging markets such as Asia, Africa and Latin America are those who will see the greatest demand, 30% by the end of 2020.

In contrast, the mature markets of Western Europe and North America will not experience significant growth.

For Dennis Jönsson, Tetra Pak President, the reason for this increase is the fact that people looking for reasonable prices, quality and safety.

He concluded that emerging markets are experiencing greater availability of resources and better education. "



More on this topic

Consumer Trends in the New Reality

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Although in Central America the period of mandatory confinement has been exceeded, it is still a priority for consumers in the region to spend their free time in their homes and to devote themselves to household cleaning and home cooking.

It has been six months since the first cases of covid-19 were detected in the region.

Quarantine: What Are the Most Demanded Products?

April 2020

Butter, baby diapers, surface cleaners, and wheat and corn flour are some of the products most demanded by Guatemalan households in this context of quarantine and social isolation.

Yogurt, tuna, processed beans, cookies, rice and toilet paper are the other items that complete the list of ten more products bought by families in Guatemala in this new commercial reality, resulting from the health emergency caused by the outbreak of covid-19.

Milk Shakes in Emerging Markets

June 2013

Global consumption of milk shakes will more than double in the next three years, as consumers prefer nutritious shakes in convenient packaging as an alternative to other beverages.

From a press release issued by the company Tetra Pak:

The sixth Tetra Pak Dairy Index highlights the increasing demand for ready to drink shakes, driven by health conscious consumers and its flavor.

Global Trends in Household Consumption

March 2013

Household spending in developed countries is growing much more slowly than in emerging countries, where it is increasing at rates of between 7.7% and 15.2%.

Although globalization is a fact there are studies that confirm that there are still important gaps that identify and separate some markets from others. A study conducted by Mintel and the Economist Intelligence Unit, market research specialists, proves this.

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