Global Milk & Cream Manufacturing Industry Market Research Report from IBISWorld Has Been Updated
Los Angeles, CA (PRWEB) October 15, 2013 -- During the past five years, high volatility in the international dairy market, combined with the onset of the global financial crisis, has had a significant impact on the performance of the Global Milk and Cream Manufacturing industry. “Economic growth and rising affluence from the growing economies of Asia, South America and the Middle East led to a rapid increase in the demand for milk and dairy products,” according to IBISWorld Industry Analyst Jeffrey Cohen. This need was merged with falling supplies from traditional milk exporters, such as Australia and New Zealand, due to the adverse climatic conditions and high feed costs. Consequently, milk prices experienced historic highs over the past five years, which considerably aided revenue growth. During the five years to 2013, industry revenue is estimated to increase at an annualized rate of 0.9% to total $471.9 billion, and includes expected growth of 8.3% from 2012 to 2013.
The European Union (EU) has the highest milk production in the world, with fluid milk production at over 35 million metric tons. This is largely because of improvements in feeding, disease control and advancements in breeding. India is the second largest producer, when including its milk production from buffalo, followed by the United States and then China (further down on the production scale). “Within this industry, a number of consolidations have occurred during the past five years,” says Cohen. In fact, the number of enterprises is expected to decline at an annualized rate of 0.2% to 4,478, in the five years to 2013. Also, during this time the industry will experience a reduction in the number of employees at an average rate of 0.3% per year to 345,657.
Over the next five years, the industry's prospects will be tied to global economic conditions and recessionary recovery, domestic seasonal conditions in major exporting countries, and product innovation. Furthermore, the availability of pastures, feed costs, environmental costs of dairy production and trade liberalization policies will also affect the performance of operators in the industry.
For more information, visit IBISWorld’s Global Milk & Cream Manufacturing industry report page.
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IBISWorld industry Report Key Topics
The Global Milk and Cream Manufacturing industry comprises establishments are mainly engaged in grading, filtering and chilling fresh liquid whole milk or cream. Operators are also involved in manufacturing, bottling, or cartoning pasteurized liquid whole milk; flavored liquid whole or skim milk; liquid skim milk; liquid standardized milk; milk powder; cream; sour cream; or buttermilk.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on nearly every US and Global 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 Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Gavin Smith, IBISWorld, +1 (310) 866-5042, [email protected]
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