Market Forecast By Product Type (Butter , Cheese, Milk, Cream, Yoghurt, Buttermilk, Ice Cream , Lactose-Free Dairy Products), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Store, Online) And Competitive Landscape
Product Code: ETC017995 | Publication Date: Oct 2020 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Australia Dairy Products market currently, in 2023, has witnessed an HHI of 1388, Which has decreased slightly as compared to the HHI of 2145 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Australia Dairy Products Market report thoroughly covers the market by product type and by distribution channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Australia Dairy Products Market is dynamic and is projected to attain significant growth in the coming years driven by changing consumer preferences, increasing health consciousness and the popularity of dairy-based snacks and beverages. The market is also going through certain challenges that can hamper its growth to a certain extent soon.
According to 6Wresearch, the Australia Dairy Products Market size is expected to grow at a significant CAGR of 3.4% during the forecast period 2025-2031. In recent years, there has been an increasing demand for dairy Products in Australia due to factors such as rising health consciousness, changing dietary habits, and the growing popularity of dairy-based products. The market is primarily driven by the food and beverage industry, where dairy Products are used in a wide range of products including milk, cheese, yogurt, and protein shakes. With a growing focus on health and fitness, consumers are turning towards high-protein diets and incorporating dairy-based protein supplements into their daily routines. The Westernization of diets in Australia has led to an increase in demand for dairy products, as they are an integral part of these diets. An increase in disposable income has led to a shift towards premium and high-quality dairy products, such as organic and grass-fed options, further driving the growth of the dairy products market. These factors will influence the Australia Dairy Products Market Growth.
Despite the benefits of Dairy Products solutions, there are some challenges in the Dairy Products market. Some of the challenges are fluctuations in milk prices and supply, which can impact the pricing and availability of dairy products. Economic factors such as currency fluctuations and trade policies also influence the competitiveness of Australian dairy products in domestic and international markets. Moreover, changing consumer preferences and dietary trends towards plant-based alternatives present a challenge to traditional dairy product manufacturers, necessitating innovation and diversification of product offerings. Additionally, stringent food safety regulations and quality standards impose compliance challenges on dairy product manufacturers, requiring investments in quality assurance measures and supply chain traceability.
Leading players in the market are Murray Goulburn Co-operative, Fonterra Co-operative Group, Bega Cheese Limited, Lion Pty Ltd, and Saputo Dairy Australia. These companies are constantly investing in research and development to introduce new and innovative products to cater to changing consumer preferences. Murray Goulburn Co-operative currently holds the largest share in the Australian dairy products market, followed by Fonterra Co-operative Group and Bega Cheese Limited. However, with increasing competition and changing consumer preferences, the market share among these key players may shift in the coming years.
Government regulations play a significant role in the Australia Dairy Products Market. The Australian government has implemented strict regulations and standards for the dairy industry to ensure high-quality products for both domestic and international markets. This includes regulations on food safety, animal welfare, and environmental sustainability. The Australian government provides subsidies and financial assistance to dairy farmers during periods of market volatility or natural disasters to help stabilize the industry. Additionally, regulatory bodies oversee labelling and quality standards for dairy products to maintain consumer confidence and protect public health. Trade agreements and export policies also influence the accessibility of Australia dairy products in international markets. The Australian government regulatory body Food Standards Australia New Zealand (FSANZ), sets food safety standards and regulations applicable to dairy Products. These standards ensure that dairy products meet specified safety and quality requirements throughout the production, processing, and distribution chain.
The Australia Dairy Products Market has been experiencing significant growth over the past few years. There are several factors that will shape its future. There is a growing focus on sustainability and health-consciousness among consumers, this would lead to a shift towards plant-based and alternative dairy products. This presents an opportunity for local producers to diversify their product offerings and cater to this emerging market segment. Moreover, advancements in technology, such as precision farming and smart processing, are expected to improve efficiency and reduce costs for dairy producers. This will lead to an increase in productivity and profitability for the industry.
According to Dhaval, Research Manager, 6Wresearch, milk holds the dominant share in the Australian dairy products market, followed by cheese and yoghurt. However, with the rising popularity of plant-based and lactose-free alternatives, there is a growing demand for these products as well.
On the basis of Distribution Channel, supermarkets and hypermarkets hold the dominant share in the distribution of dairy products in Australia. This is due to their wide availability and convenience for consumers.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Dairy products Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Dairy products Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Dairy products Market - Industry Life Cycle |
3.4 Australia Dairy products Market - Porter's Five Forces |
3.5 Australia Dairy products Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Australia Dairy products Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Australia Dairy products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Dairy products Market Trends |
6 Australia Dairy products Market, By Types |
6.1 Australia Dairy products Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Dairy products Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Australia Dairy products Market Revenues & Volume, By Butter , 2021-2031F |
6.1.4 Australia Dairy products Market Revenues & Volume, By Cheese, 2021-2031F |
6.1.5 Australia Dairy products Market Revenues & Volume, By Milk, 2021-2031F |
6.1.6 Australia Dairy products Market Revenues & Volume, By Cream, 2021-2031F |
6.1.7 Australia Dairy products Market Revenues & Volume, By Yoghurt, 2021-2031F |
6.1.8 Australia Dairy products Market Revenues & Volume, By Buttermilk, 2021-2031F |
6.1.9 Australia Dairy products Market Revenues & Volume, By Lactose-Free Dairy Products, 2021-2031F |
6.1.10 Australia Dairy products Market Revenues & Volume, By Lactose-Free Dairy Products, 2021-2031F |
6.2 Australia Dairy products Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Australia Dairy products Market Revenues & Volume, By Supermarkets & Hypermarkets, 2021-2031F |
6.2.3 Australia Dairy products Market Revenues & Volume, By Convenience Store, 2021-2031F |
6.2.4 Australia Dairy products Market Revenues & Volume, By Online, 2021-2031F |
7 Australia Dairy products Market Import-Export Trade Statistics |
7.1 Australia Dairy products Market Export to Major Countries |
7.2 Australia Dairy products Market Imports from Major Countries |
8 Australia Dairy products Market Key Performance Indicators |
9 Australia Dairy products Market - Opportunity Assessment |
9.1 Australia Dairy products Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Australia Dairy products Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Australia Dairy products Market - Competitive Landscape |
10.1 Australia Dairy products Market Revenue Share, By Companies, 2024 |
10.2 Australia Dairy products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |