In 2013 EBRD became interested in the dairy products processing sector in Georgia and commissioned TBSC to perform commercial due diligence of dairy product market. TBSC analyzed the sector, estimated the overall market size and various dairy products categories within the market, characterized the industry competition and consolidation trends. TBSC identified major drivers of the demand and supply, developed comprehensive forecasts for the next seven years and laid out market share scenarios for the major players in terms of various product categories. EBRD will use this report to make an investment decision in the dairy products sector.