Spilt milk: Industry revenue is expected to decline due to plummeting global dairy prices

IBISWorld’s Butter and Dairy Product Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Industry Analysis & Industry Trends

The industry has struggled to perform over the past five years. Adverse climatic conditions, fluctuating operating costs, volatile global demand and shifting global prices have presented challenges for the industry. Changing consumer preferences in the domestic market have also affected industry operators, which have been forced to alter their product ranges in response. Industry revenue is expected to grow at an annualised 0.9% over the five years through 2016-17, to total $6.4 billion. Industry revenue is forecast to contract by 2.9% during 2016-17, as plummeting global dairy prices take their toll on industry earnings.

Raw milk production has increased only slightly over the past five years, which has constrained manufacturers' ability to expand production...

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Industry Report - Industry Analysis Chapter

The Butter and Dairy Product Manufacturing industry has endured challenging conditions over the past five years. The industry has contended with adverse climatic conditions, fluctuating production costs, and volatile global demand and prices. Furthermore, the industry has faced increasingly health-conscious consumers that have avoided some high-fat industry products. Manufacturers have been forced to adapt their products to the changing preferences of the domestic market to remain successful. Industry revenue is expected to increase at an annualised 0.9% over the five years through 2016-17, to $6.4 billion. Low global dairy prices amid excess global supply are expected to contribute to a projected 2.9% decline in industry revenue during 2016-17.


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Industry Products

What is the Butter and Dairy Product Manufacturing Industry?

Industry operators are primarily engaged in manufacturing dairy products, such as butter, yoghurt, condensed milk, evaporated milk and other dairy products. The manufacturing of cheese, ice cream, milk and milk powder is not included in the industry.

Industry Products
Butter products
Condensed milk
Other dairy products
Industry Activities
Anhydrous milkfat
Malt extract
Condensed or evaporated milk
Milk or cream canning
Skim milk based stock feed
Yoghurt production

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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