IBISWorld forecasts that industry revenue will decline by 0.4% per annum over the five years through 2012-13 to reach $2.81 billion. Prices declined strongly in 2009-10, due to falls in demand for the industry's products stemming from the global financial crisis, and increases in world supply. The effects of this decline were offset by dramatic increases in dairy prices the year before, and thus prices remained relatively high. In 2007-08, strong growth in world demand for dairy products outweighed supply growth due to supply constraints in some key exporting countries, which led to significant growth in world dairy prices.
Companies in this industry primarily manufacture dairy products other than cheese, ice cream, milk, and milk powder, such as butter, condensed milk, evaporated milk and other assorted dairy products.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.