Industry Analysis & Industry Trends
After a period of poor performance, the Ice Cream Manufacturing industry has bounced back in the five years through 2013-14. The industry has grown despite cuts to discretionary spending caused by the global financial crisis, as consumers have turned to inexpensive indulgences. In addition, manufacturers of ice cream have used to innovation to capture demand from changing consumer preferences for healthier options. Milk prices have fluctuated over the period, peaking in 2008-09 and putting upward pressure on prices due to lack of supply. Milk prices have since come down, resulting in higher demand for industry products. Revenue is expected to increase by an annualised 3.0% over the five years through 2013-14, to $637.8 million. Growth of 2.6% is forecast in 2013-14... purchase to read more
Industry Report - Industry Locations Chapter
The industry is concentrated along the eastern states, with Queensland, New South Wales and Victoria accounting for about 80% of total ice cream manufactured. This geographic spread reflects the relative cost of transportation. Milk transportation costs less than transporting ice cream, so most ice cream manufacturers are located in more populated areas and closer to the final market rather than to the source of milk.
The geographic spread is also consistent with the geographic spread of the overall dairy industry, in regard to the amount of milk produced in each state. Western Australia accounts for about 11% of all ice cream manufactured in Australia. This reflects the fact that PB Foods, one of the major players in the industry, is based in Western Australia... purchase to read more