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 lower profit margins. However, industry players have benefited from product innovations, particularly with lower fat, full-cream options that catering to those both taste and health consciousness. Despite this, the industry faced competitive pressures and tough supply-side conditions early in the period... purchase to read more
Industry Report - Industry Key Buyers Chapter
IBISWorld estimates that the top four producers in the industry account for 80.8% of revenue, indicating a high level of market share concentration. Australia's dairy industries have undergone major restructuring in response to the deregulation of milk prices, reduced government assistance and increased exposure to domestic and international market forces. The mergers or acquisitions of several large dairy cooperatives and manufacturing companies, such as Parmalat's takeover of Harvey Fresh in early 2014, have generally increased the size and efficiency of dairy farms.
The global food industries are also undergoing consolidation and rationalisation... purchase to read more