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 and unstable production conditions. 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 these innovations, the industry has faced competitive pressures and tough supply conditions early in the period... purchase to read more
Industry Report - Industry Products Chapter
The Milk and Cream Processing industry processes fresh drinking cow's milk and edible cream products. The products manufactured by the industry can be classified into five main segments: whole milk, low-fat milk, ultra-high-temperature (UHT) milk, flavoured milk and cream.
Whole milk refers to milk without additives, collected directly from the dairy herd. It undergoes processing techniques such as pasteurisation, sterilisation and homogenisation to remove any potentially harmful microorganisms such as bacteria or mould. In 2014-15, IBISWorld estimates that the production of whole milk constitutes 45.2% of industry revenue, down from around 50.0% in 2009-10... purchase to read more