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 SWOT Analysis Chapter
IBISWorld expects that the Milk and Creaming Processing industry is in the mature phase of its economic life cycle. Industry value added, which measures an industry's contribution to GDP, is expected to grow at an annualised 0.6% over the 10 years through 2019-20, underperforming Australia's GDP, which is expected to grow at an annualised 2.7% over the same period. The weak performance of industry value added, combined with changing consumer consumption patterns might suggest an industry in the decline stage of its life cycle. However, the staple nature of milk in many diets has ensured its continual consumption, particularly as the industry innovates to cater for broader dietary requirements.
Over the past decade, milk consumption has grown at a slow rate... purchase to read more