Industry Analysis & Industry Trends
From the local takeaway shop to petrol prices, a wide range of factors influenced the fortunes of this industry over the past five years. Changing consumer tastes, the availability and prices of raw materials and rising import competition were the key factors affecting the industry. Overall per capita consumption of vegetable and animal fats declined over much of the past five years, as concerns about health and nutrition rose. At the same time, these health concerns caused increased consumption of fat and oil products that are considered healthier, such as cholesterol lowering margarine products and olive oil. However, inroads into healthier alternatives, such as genetically altered butter and other dairy products, have also cut down industry revenue... purchase to read more
Industry Report - Industry Investment Chapter
The Cooking Oil and Margarine Manufacturing industry in Australia is expected to exhibit a medium level of capital intensity. The estimated labour-to-capital ratio in this industry is approximately 1:0.29. This means that for every $1.00 that industry operators pay as wages to its employees, it requires a further $0.29 in capital investments. On the whole, fat and oil manufacturing is increasingly dependent on equipment. It requires commercial grinding, refining and mixing machinery.
The introduction of new technology and the adoption of greater automation are reducing the role of labour in the production process. The rising level of automation and integration is allowing many of the industry's companies to increase efficiency... purchase to read more