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Venezuela Milk and Dairy Products Market Outlook to 2015

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The Report titled “Venezuela Milk and Dairy Products Market Outlook to 2015” provides a comprehensive analysis of the milk and dairy products industry in Venezuela.The report covers the total cow milk …

The Report titled “Venezuela Milk and Dairy Products Market Outlook to 2015” provides a comprehensive analysis of the milk and dairy products industry in Venezuela.The report covers the total cow milk production, fluid milk consumption, segmentation on the basis of dairy products such as butter, cheese, skim milk powder, milk drinks and fermented products, cream, condensed milk and whey powder and volume of net trade for dairy products. It offers prevalent trends and developments in the industry, future opportunities and competitive landscape of the prominent players operating in the country. The report also includes information on the major macroeconomic indicators regressed for estimating the market for milk and dairy products in Venezuela.

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  • 1. EXECUTIVE SUMMARYThe Report titled “Venezuela Milk and Dairy Products Market Outlook to 2015” provides a comprehensiveanalysis of the milk and dairy products industry in Venezuela.The report covers the total cow milk production,fluid milk consumption, segmentation on the basis of dairy products such as butter, cheese, skim milk powder,milk drinks and fermented products, cream, condensed milk and whey powder and volume of net trade for dairyproducts. It offers prevalent trends and developments in the industry, future opportunities and competitivelandscape of the prominent players operating in the country. The report also includes information on the majormacroeconomic indicators regressed for estimating the market for milk and dairy products in Venezuela.Venezuela milk market has recently witnessed major strides in the growth of the market due to governmentinitiative to integrate laws and stimulate the milk production. The government expenditure increased the domesticmilk production by over 50% in 2010 to 1,580 thousand tonnes. Government has laid out extensive plans toimprove the dairy market situation by providing lands and loans to rural farmers, creating social production units,milk plants and farms and production networks.Venezuela is majorly an import oriented country which imports approximately 2/3rd of its food needs includingwheat, corn, dairy products, fruits etc. During recent times, the country has witnessed a surge in demand for fluidmilk outstripping the milk supply. In response of rise in milk prices due to increased demand, the Venezuelangovernment has also increased the state-controlled price caps for milk and dairy products by 30%. The fluid milkprices have inclined by 30% to USD 0.97 per 900 ml container. Additionally, cost of processing white cheese andpowdered milk has also increased. The government anticipates that the incline in authorized prices willencourage and support the producers and will offset the threat of future food shortages.The sector was badly hit by the economic crisis and the price and exchange controls. Dismal economic situationhave constrained investment in domestic dairy production resulting in great dependence on imports of milk anddairy products such as cheese. This reliance on imports and declining value of Venezuelan currency resulted inhigh prices and reduction in the consumers’ purchases. The condition though stabilized in 2010 with governmentintervention and support, it is expected that Venezuelan milk market requires a long overhaul to generatesufficient milk supply to meet the domestic demand. This problem has even been multiplied due to severalprofitable opportunities available to the domestic milk producers to sell the production abroad.The milk production per cow per litres increased marginally at a CAGR of 1.1% from 2007-2009. The averageyield per cow increased from 1,792 per kg in 2007 to 1,813 per kg in 2008 and further to 1,830 per kg in 2009.The production per cow per kg is not expected to show any drastic changes in the forecasted period. Theproduction per cow is anticipated to increase to 1,936 per kg per cow in 2015.Ice-cream and Yogurts are the leading and fastest growing segment of the dairy products industry in Venezuela.The segment has seen major growth in the recent times with the investment from some of the major players inthe industry. For example, Venezuelas food player Alimentos Polar along with Spanish dairy group LechePascual has recently invested USD 105 million in the yogurt plant in Venezuela. It is expected that this marketwill soon overtake other dairy products segments and will contribute a significant proportion to the total dairyproduction.Butter constitutes a very small portion of total dairy products processing market in Venezuela. The segment lackstechnological expertise. The country’s butter imports meets approximately 75% of the demand for butter. Thebutter production has declined in 2008 due to the economic crisis and price controls measures. It is expected thatbutter production will stagnate at the level of 2009 in the future. The country requires a major catalyst to boost theproduction of butter in the future. The increasing health consciousness, lack of technological expertise to producelow fat butter and growing popularity and demand for yogurt and cream have led several dairy processors to shifttheir focus from this segment. This poses a major threat for the future growth of the butter industry in the country.Consumers spend a large portion of the annual expenditure (nearly 34.5%) on cheese relative to other dairyproducts in the market. This is largely due to the utility derived from cheese in preparing several dishes and fooditems such as pizza, pasta, burger and others. . The country also imports varieties of cheese to meet the demandfor various other types of cheese which are either unavailable or available at high prices in the country.
  • 2. The cheese consumption in the country registered a CAGR of 4.7% during the period from 2007-2009. Theconsumption increased by 5.6% from 72 thousand tonnes in 2007 to 76 thousand tonnes in 2008. Theconsumption increased in 2009 by 3.9%. In the future, the consumption is expected to increase at a CAGR of4.4% rising from 79 thousand tonnes in 2009 to 102 thousand tonnes in 2015.Scope of ResearchThe report will entail thorough analysis and valuable insights on the milk and dairy products industry inVenezuela. The scope of the report includes: • The total Venezuelan market of cow milk production and fluid milk consumption by volume, 2007 to 2015. • The Venezuelan milk cow numbers and milk production per cow, by volume, 2007 to 2015. • The Venezuelan dairy production by volume for butter, cheese, skim milk powder, milk drinks and fermented products, cream, condensed milk and whey powder, 2007 to 2015. • The Venezuelan dairy consumption by volume for butter, cheese, skim milk powder, whole milk powder, 2007 to 2015. • Current statistics and Projections of the various Macro Economic Indicators, 2009 to 2015 for Venezuela. • Competitive Landscape of the major companies (Parmalat and Alpina), key trends and developments and future outlook of the milk and dairy products industry in Venezuela.
  • 3. TABLE OF CONTENTS1. Venezuela 1.1. Venezuela Milk Market Introduction 1.1.1. Venezuela Cow Milk Market Production and Fluid Milk Consumption by Volume, 2007-2015 1.1.2. Venezuela Milk Cow Numbers and Milk Production per Cow, 2007-2015 1.2. Venezuela Dairy Products Market Introduction 1.2.1. Venezuela Dairy Products Market Production by Volume, 2007-2015 1.2.2. Venezuela Dairy Product Market Production by Volume, 2007-2015 1.2.2.1. Butter 1.2.2.2. Cheese 1.2.2.3. Skim Milk Powder 1.2.2.4. Whole Milk Powder 1.2.2.5. Others (Milk Drinks & Fermented Products, Cream, Condensed Milk & Whey Powder) 1.2.3. Venezuela Dairy Product Market Consumption by Volume, 2007-2015 1.2.3.1. Butter 1.2.3.2. Cheese 1.2.3.3. Skim Milk Powder 1.2.3.4. Whole Milk Powder 1.2.4. Venezuela Dairy Product Market Net Trade by Volume, 2007-2015 1.2.4.1. Butter 1.2.4.2. Cheese 1.2.4.3. Skim Milk Powder 1.2.4.4. Whole Milk Powder 1.3. Trends and Developments in Venezuela Milk and Dairy Products Market 1.4. Competitive Landscape 1.5. Venezuela Milk and Dairy Products Market Future Outlook 1.6. Venezuela Macro Economic Indicators: Current and Projections 1.6.1. Population, 2007-2015 1.6.2. GDP, 2007-2015 1.6.3. Inflation, 2007-2015 1.6.4. Unemployment Rate as a % of Labour Force, 2007-2015 1.6.5. Demographic Distribution of Population on the basis of Age, 2009-20102. Appendix 2.1. Market Definition 2.2. Abbreviations 2.3. Research Methodology
  • 4. Data Collection Methods Approach 2.4. DisclaimerLIST OF FIGURESFigure 2: Venezuela Milk Cow Numbers in Thousand Head and Milk Production per Cow in Kilograms, 2007-2015Figure 3: Venezuela Total Dairy Products Market Production by Volume in Thousand Tonnes, 2007-2015Figure 4: Venezuela Butter Market Production by Volume in Thousand Tonnes, 2007-2015Figure 5: Venezuela Cheese Market Production by Volume in Thousand Tonnes, 2007-2015Figure 6: Venezuela Skim Milk Powder Market Production by Volume in Thousand Tonnes, 2007-2015Figure 7: Venezuela Whole Milk Powder Market Production by Volume in Thousand Tonnes, 2007-2015Figure 8: Venezuela Others (Milk Drinks & Fermented Products, Cream, Condensed Milk & Whey Powder)Market Production by Volume in Thousand Tonnes, 2007-2015Figure 9: Venezuela Butter Market Consumption by Volume in Thousand Tonnes, 2007-2015Figure 10: Venezuela Cheese Market Consumption by Volume in Thousand Tonnes, 2007-2015Figure 11: Venezuela Skim Milk Powder Market Consumption by Volume in Thousand Tonnes, 2007-2015Figure 12: Venezuela Whole Milk Powder Market Consumption by Volume in Thousand Tonnes, 2007-2015Figure 13: Venezuela Butter Market Net Trade by Volume in Thousand Tonnes, 2007-2015Figure 14: Venezuela Cheese Market Net Trade by Volume in Thousand Tonnes, 2007-2015Figure 15: Venezuela Skim Milk Powder Market Net Trade by Volume in Thousand Tonnes, 2007-2015Figure 16: Venezuela Whole Milk Powder Market Net Trade by Volume in Thousand Tonnes, 2007-2015Figure 17: Venezuela Population Trend in Million, 2007-2015Figure 18: Venezuela Gross Domestic Product in USD Billion, 2007-2015Figure 19: Venezuela Inflation, Average Consumer Prices in Percentage, 2007-2015Figure 20: Venezuela Unemployment Rate as a Percentage of Labour Force, 2007-2015LIST OF TABLESTable 1: Venezuela Cow Milk Production and Fluid Milk Consumption along with Manufacturing Use and Exportsby Volume in Thousand Tonnes, 2007-2015Table 2: Venezuela Milk Cow Numbers in Thousand Head and Milk Production per Cow in Kilograms, 2007-2015Table 3: Competitive Landscape of Major Dairy Products Companies (Parmalat, Alpina) in VenezuelaTable 4: Demographic Distribution of Population in Venezuela on the basis of Age and Gender, in Million, 2009-2010