Milk Powder Manufacturing in Australia - Industry Market Research Report

Powder to the people: Steady global demand has fed revenue growth despite milk production falls

Milk powder manufacturers have faced challenging conditions in recent years. Domestic raw milk production has fallen over the past five years, reducing the amount available for milk powder manufacturers. Furthermore, falling production of butter in favour of cheese has limited the production of butter by-products, skim milk powder and buttermilk powder. While milk powder prices have risen, the pace of changes in prices relative to changes in production volumes has led to volatile revenue movements over the period. Overall, revenue is expected to increase at an average annual rate of 2.5% over the five years through 2023-24, to $833.5 million. Falling milk powder prices and declining whole milk powder production is expected to result in a revenue fall of 10.2% in 2023-24.

Industry operators manufacture milk powder, powdered milk-based beverages and baby foods in powder form.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.