Industry Analysis & Industry Trends
Unprecedented volatility in the international dairy market and the global financial crisis have had a significant influence on the Milk and Cream Processing industry. 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. In conjunction with a multitude of adverse conditions, industry producers have been forced 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... purchase to read more
Industry Report - Industry Products Chapter
The products manufactured by the industry can be classified into five segments: whole milk, low-fat milk, 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 2013-14, IBISWorld estimates that the production of whole milk constitutes 44.2% of industry revenue, down from close to 50.0% in 2008-09. This trend is in line with the rising health consciousness of Australians, which has resulted in consumers moving away from full-fat milk to low-fat milk and other milk products... purchase to read more