$8.1bn
$XXX.Xm
7,262
127
$XXX.Xm
Butter and other dairy product manufacturers have faced challenging conditions over the past few years. Global dairy prices have been volatile over the period, declining overall. Production of butter and other products like buttermilk and flavoured milk have fallen substantially because of major shifts in overseas demand and local consumer preferences. Milk supply constraints have caused butter production to plummet since 2017-18. The COVID-19 pandemic also created volatility in demand and prices. That's why revenue is declining at an average annual rate of 2.9% over the five years through 2022-23, to $8.12 billion. This trend includes a drop of 5.2% in 2022-23.
Industry revenue has declined at a CAGR of 2.9 % over the past five years, to reach an estimated $8.1bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 |
---|---|---|
Saputo Dairy Australia | 1,145.4 | |
Bega Group | 1,107.0 | |
Lactalis Australia | 853.6 |
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Industry revenue is measured across several distinct product and services lines, including Butter products, Proteins and Other dairy products. Butter products is the largest segment of the Butter and Dairy Product Manufacturing in Australia.
Rising health consciousness is boosting demand for natural yoghurt
Manufacturers primarily produce dairy products, like butter, yoghurt, condensed milk, evaporated milk and other dairy products. Cheese, ice cream, milk and milk powder manufacturing is not included in the industry.
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ANZSIC 1133 - Butter and Dairy Product Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Milk production is declining in Australia. This has reduced production capabilities for butter and other dairy product manufacturers who have to compete with drinking milk, c...
Learn about an industry's products and services, markets and trends in international trade.
Sales of natural yoghurt and yoghurt with added calcium and probiotics are rising. This is because consumers are becoming more mindful of what they eat.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Victoria is the largest dairy farming state and the majority of milk produced is destined for manufacturers. That’s why Victoria is home to the largest number of butter and o...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Larger manufacturers benefit from economies of scale. This allows them to reduce production costs and gain a competitive advantage in downstream retail pricing.
Learn about the performance of the top companies in the industry.
There has been a flurry of acquisition activity over the past decade. Major manufacturers have sought to expand their market share and economies of scale.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Falling milk production on Australia’s dairy farms is reducing output potential for butter and other dairy manufacturers. It’s also harming profit margins, with farmgate milk...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit margins have tumbled in recent years. This is because falling milk supply has caused an upswing in farmgate milk prices.
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Butter and Dairy Product Manufacturing industry in Australia is $8.1bn in 2024.
There are 127 businesses in the Butter and Dairy Product Manufacturing industry in Australia, which has declined at a CAGR of 2.8 % between 2018 and 2023.
The market size of the Butter and Dairy Product Manufacturing industry in Australia has been declining at a CAGR of 2.9 % between 2018 and 2023.
Over the next five years, the Butter and Dairy Product Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Butter and Dairy Product Manufacturing market in Australia are Saputo Dairy Australia, Bega Group and Lactalis Australia
Butter products and Proteins are part of the Butter and Dairy Product Manufacturing industry.
The company holding the most market share in Australia is Saputo Dairy Australia.
The level of competition is high and increasing in the Butter and Dairy Product Manufacturing industry in Australia.