Industry Analysis & Industry Trends
Farmers in the Dairy Cattle Raising industry raise and breed dairy cattle to produce and sell raw milk. Over half the milk produced in the United Kingdom is sold as liquid milk, with the majority of the remaining milk used for products such as cheese and yoghurt. The Dairy Cattle Raising industry has endured a challenging past five years. Volatile dairy prices, increasing production costs and growing pressure from supermarkets and dairy processors have weighed on industry performance. The industry is highly dependant on the domestic price of milk, which increased significantly in 2013-14, leading to higher margins for operators. However, the domestic price of milk has fallen consistently since. A... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Dairy Cattle raising industry has a low level of market share concentration. The two largest industry operators are estimated to account for a combined market share of only 1.5%. Over the past five years, falling milk prices have caused operators' margins to fall, which has lowered the industry's market share concentration. The industry is characterised by a large number of small, family owned farms. According to the Office for National Statistics, 87.2% of industry enterprises employ fewer than five people, illustrating the fragmented nature of dairy farming.
Although the industry is currently dominated by small, family owned and operated farms, the composition is changing. The.. purchase to read more