Industry Analysis & Industry Trends
Over the past five years, the Milk and Cream Processing industry has had to contend with adverse climatic conditions, rising production costs and an increasingly health-conscious marketplace. There have been dramatic changes in milk prices over the period, largely due to rapidly rising demand from Asian markets. Numerous adverse conditions have forced industry producers to absorb some of the cost increases, resulting in stagnant profit levels. However, industry players have benefited from product innovations, particularly lower fat and full-cream options that cater to taste and health consciousness. Despite this, the industry faced competitive pressures and tough supply conditions early in the period... purchase to read more
Industry Report - Industry Analysis Chapter
The Milk and Cream Processing industry has struggled to recover from disastrous weather conditions over the past five years. Adverse weather, increased production costs and a rise in health consciousness have weighed heavily on industry performance. The millennium drought caused significant volatility in the industry between 2008-09 and 2010-11, causing revenue to fall by more than half. These negative forces have been exacerbated by the milk pricing wars of supermarket giants Coles and Woolworths.
Industry players have fought back with product and packaging innovations, particularly in newer product segments, such as lower fat or full-cream options... purchase to read more