Fonterra, the New Zealand-based multinational dairy-products business that is ranked the number-one milk processor in the world by volume, estimates that the growth of the market for dairy products in Europe, North America and Australasia to 2020 will be less than 1 percent per annum.

Question

Quizplus · Accepted Answer

Fonterra, being a major player in the global dairy industry, has insights into market trends and has indeed projected that the growth of the dairy products market in developed regions such as Europe, North America, and Australasia will be relatively stagnant, with less than 1 percent growth per annum up to 2020. This is due to factors like market maturity, dietary trends, and alternative non-dairy product consumption in these regions.

Fonterra, the New Zealand-Based Multinational Dairy-Products Business That Is Ranked