Industry Analysis & Industry Trends
The Butter and Cheese Production industry has faced pressure from highly volatile input prices over the past five years. However, the persistent popularity of Cheddar cheese, ongoing product innovation and industry consolidation have extended the industry's shelf life. The rich history of cheese production in the United Kingdom has proved hugely beneficial to the industry, since provenance has become increasingly important to domestic consumers, while butter has exhibited a resurgence in popularity in recent years. Despite this, over the five years through 2016-17, industry revenue is estimated to contract at a compound annual rate of 4.5% to £2.7 billion.
The industry has been forced to contend with highly volatile milk prices over the five-year period through 2016-17... purchase to read more
Industry Report - Industry Analysis Chapter
The Butter and Cheese Production industry has faced major challenges during the five years through 2016-17. Along with a general shift in consumer trends across all food sectors, the price of milk, the industry's key input, has been extremely volatile, underpinned by international developments and regulations. While cheese has grown to become one of the most dynamic sectors in the dairy market, butter has started gaining traction against low-fat margarine spreads as a result of growing public health consciousness and recent studies that have highlighted butter's benefits over alternative products. In the United Kingdom, Cheddar cheese remains the nation's favourite and is available in over 250 varieties. How.. purchase to read more