Industry Analysis & Industry Trends
Companies in the Yoghurt and Other Dairy Product Processing industry produce items such as yoghurt, powdered milk, whey and lactose. Yoghurt is the most popular product in the industry and its popularity as a healthy breakfast food and as an alternative to dessert foods such as ice cream has made it very marketable. Whey protein has become a common supplement among fitness enthusiasts and is often used by those trying to build muscle or to add more protein to their diets. Powdered milk is sold mainly to food manufacturers, who add it to chocolate, ice cream and other foods. It can also be used in yoghurt production, so some firms may sell to other industry operators... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Yoghurt and Other Dairy Product Processing industry is in the mature stage of its life cycle. Over the 10 years through 2021-22, the industry's contribution to GDP is expected to increase at a compound annual rate of 2.7%, while GDP is expected to grow at a similar compound annual rate of 2.3% over the same period. The strong increase in industry value added is caused, in part, by an unusually low value in the base year on the back of particularly high farmgate milk prices. The number of enterprises and establishments are forecast to grow over the period as small firms proliferate in an attempt to capitalise on changing consumer trends.
Producers face a saturated market, as many imported yoghurts are popular with consumers. How.. purchase to read more