Industry Analysis & Industry Trends
Over the past five years, the 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, 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 lower profit margins. Industry players have benefited from clever product and packaging innovations, particularly in the product segment that offers lower fat, full-cream options to cater for a growing customer base. In the five years through 2014-15, industry revenue is estimated to grow at an annualised 0.2% to reach $1.9 billion... purchase to read more
Industry Report - Industry Products Chapter
The Milk and Cream Processing industry generally processes fresh drinking milk and creams. The products manufactured by the industry can be classified into five main segments: whole milk, low-fat milk, ultra-high temperature (UHT) milk, cream and other products.
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