Cheese Manufacturing in Australia Industry Market Research Report Now Updated by IBISWorld - Beckley, Bluefield & Lewisburg News, Weather, Sports

Cheese Manufacturing in Australia Industry Market Research Report Now Updated by IBISWorld

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The industry's prospects are expected to be bright, driven by a forecast economic recovery, stability in dairy product prices and rising demand from the developing world. For these reasons, industry research firm IBISWorld has updated its report on the Cheese Manufacturing industry in Australia.

Melbourne, Australia (PRWEB) July 13, 2014

Cheese Manufacturing in Australia has faced turbulent conditions. Unprecedented commodity price volatility has been the main driver of both industry fortunes and woes. Global dairy prices reached near-record highs during 2009-10. According to IBISWorld industry analyst Ryan Lin, this increase largely resulted from growth in dairy demand from the growing economies of South Asia, coupled with crippling drought conditions across most of Australia and New Zealand, which resulted in dramatic supply shortages and price increases. This significantly inflated industry revenue and export values until the global financial crisis reversed the trend.

Falling domestic and global dairy demand, combined with increased production in response to higher farmgate prices, has led to declines in dairy and cheese prices in 2014-15. Total cheese consumption in Australia has increased by a marginal rate over the past five years, while production volumes have varied by cheese type. Over the past five years, industry revenue is estimated to increase at an annualised 1.7% to total $4.5 billion, with 1.8% growth expected in 2014-15. Over the five years through 2019-20, the industry's prospects are expected to be relatively bright, driven by a forecast economic recovery, stability in dairy product prices and rising demand from the developing world. This is likely to lead to sustainable, continued growth in the Cheese Manufacturing industry. Product and packaging innovations including functional, gourmet and healthier cheese products are expected to generate renewed interest in a mature market, with demand stemming from the healthy eating movement, premiumisation and convenience trends. Emerging Asian markets are expected to be key growth areas over the next five years, says Lin, especially as the Australian dollar depreciates, making exports cheaper. While profitability is expected to face continued troubles due to competition, the overall industry size is forecast to grow steadily.

The Cheese Manufacturing industry operates under a high level of market share concentration. The industry's major players are Murray Goulburn Co-operative Co Limited, Lion Pty Ltd, Bega Cheese Limited and Fonterra Co-operative Group Limited. Over the past five years, industry consolidation has occurred, with a number of larger manufacturers snapping up smaller operations. There are also a number of medium-size players in the industry that account for a relatively smaller proportion of revenue, along with smaller operators in niche markets that produce organic or specialty cheese varieties. Industry concentration has increased strongly over the past decade, with Bega Cheese's purchase of the cheese manufacturing assets of Kraft Foods and merger with Tatura Milk Industries. IBISWorld anticipates that further consolidation in the industry may occur, particularly between larger players and smaller players, but may not increase the level of concentration significantly.

For more information, visit IBISWorlds Cheese Manufacturing report in Australia industry page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau

IBISWorld industry Report Key Topics

This industry includes companies that manufacture cheese.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
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

About IBISWorld Inc.
Recognised as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.

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