Industry Analysis & Industry Trends
The Ice Cream Manufacturing industry has performed positively over the past five years. Milk prices have fluctuated over the past five years, peaking in 2008-09 and putting upward pressure on price due to a lack of supply. Milk prices have since declined, resulting in lower prices and higher demand for industry products. Revenue is expected to increase at an annualised rate of 3.0% over the five years through 2013-14. Growth of 2.6% is forecast in 2013-14, which will increase total industry revenue to $637.8 million.
Over the past five years, ice cream manufacturers have faced a decrease in demand due to increasing consumer health consciousness... purchase to read more
Industry Report - Industry Analysis Chapter
The Ice Cream Manufacturing industry has grown strongly over the past five years, despite facing a number of challenges, such as volatile milk prices, lower discretionary income levels and increasingly health-conscious consumers. Revenue increased by 15.2% in 2008-09 due to higher ice cream prices and extreme heatwaves during the summer months. Revenue also benefited from growing demand for premium ice cream products and is forecast to grow by 2.6% to $637.8 million in 2013-14. Industry revenue is projected to increase by an annualised 3.0% over the five years through 2013-14.
Milk prices and profitability
The volatility of domestic milk prices over the past five years has negatively affected profitability of the industry... purchase to read more