Table of contents:
1) Summary
2) Middle East: five dairy trends
- Localisation becomes industrial policy, sharpened by conflict
- Gulf dairy champions grow abroad and outside dairy
- Protein, probiotics and less sugar
- Camel milk becomes a premium category
- Margins tighten and prices come under scrutiny
3) Africa: five dairy trends
- Dairy assets change hands
- Nigeria bets on local milk
- Protein and gut health go mainstream
- Results diverge: West and Southern Africa recover, Egypt squeezed
- East Africa: shortages push governments to formalise supply