Bega Cheese Ltd. (Bega Dairy and Drinks Pty Ltd), The a2 Milk Company (Australia) Pty Ltd., Regal Cream Products Pty Ltd., Parmalat Australia Pty Ltd.., Saputo Dairy Australia Pty Ltd., Chobani® Global Holdings, LLC (Chobani Pty Ltd.), Ballantyne, and Procal Dairies Pty Ltd., among others, are the key players in the Australia Dairy Market.

The Australia dairy market is projected to grow at a CAGR of 3.37% between 2024 and 2032. As per the analysis by Expert Market Research, the market is expected to be driven by high milk production and the export-driven factors of products such as cheese, butter, ultra-heat-treated milk, and milk powders.

Dairy by Australia accounts for just over 1 percent of the world’s estimated milk production but remains a significant exporter of dairy products. One of the most widely consumed categories in Australia is Cheese, which is consistently the largest utiliser of milk, with continuous Investments in cheese production over recent years influencing the same trend in the forecasted years. Drinking milk and skim milk powder/butter represents the next two largest production streams of Australian milk respectively.

The dairy product type involves milk, Laban, cheese, butter, yoghurt, and curd. Categorically, dairy by application is divided into bakery and confectionery, clinical nutrition, frozen food, and others. Dairy products in Australia such as butter, milk powder, whey products, and casein are primarily produced for export and domestic food manufacturing applications, such as bakery and confectionery. For instance, most domestic butter sales are through retail and food service outlets.

According to the State milk authorities and Dairy Australia, the number of registered dairy farms in Australia in 2023 was recorded at 4,163 in 2023, declining from 4,420 in 2022 and 4,618 in 2021. As per the dairy farms, the national average feeding rate in 2023 was 1.8 tonnes per cow per year.

 
As per the Dairy Manufacturers and Dairy Australia analysis, per capita consumption of cheese in Australia was about 15kg in 2023, fuelled by growing popularity due to rising demand for mozzarella cheese in the foodservice sector and retail stores, as well as growth in specialist cheese varieties. Consumers are increasingly shifting towards a heightened focus on natural and healthy products.

As of February 2023, Saputo Dairy Australia Pty Ltd., announced a USD 20 million investment in its Smithton plant in Tasmania. This investment is directed towards enhancing infrastructure for cream cheese processing, a task previously managed by its Maffra factory in Victoria. This move highlights Saputo's commitment to optimizing production efficiency and expanding its capabilities within the Australian dairy sector.

Top 8 Dairy Companies in Australia:

Bega Cheese Ltd. (Bega Dairy and Drinks Pty Ltd)

Bega Cheese Ltd. is an iconic Australian dairy company renowned for its high-quality cheese products. With a rich heritage dating back to 1899, Bega has expanded its portfolio through Bega Dairy and Drinks Pty Ltd. to include a wide range of dairy beverages and foods. The company's focus on innovation and sustainability has solidified its position as a leading player in the Australian dairy industry.

The a2 Milk Company (Australia) Pty Ltd.

The a2 Milk Company, headquartered in New South Wales, specialises in milk products free from A1 beta-casein protein, offering digestive comfort and nutritional benefits. Since its establishment in 2000, the company has experienced rapid growth due to its unique product offerings and strong brand presence in both domestic and international markets.

Regal Cream Products Pty Ltd.

Regal Cream Products Pty Ltd., known for its Bulla Dairy Foods brand, has been a prominent player in the dairy industry since 1939. The company, based in Melbourne, prides itself on using fresh Australian milk and cream to produce high-quality ice creams and dairy desserts, maintaining a strong reputation for delicious and reliable dairy treats.

Parmalat Australia Pty Ltd.

Parmalat Australia Pty Ltd. (Lactalis Australia) has been a significant player in the Australian dairy industry since 1998. Headquartered in South Brisbane, the company produces a wide range of dairy products, including milk, cheese, and yogurt, under well-known brands like Pauls. Parmalat is committed to quality and innovation in dairy production.

Saputo Dairy Australia Pty Ltd.

Saputo Dairy Australia Pty Ltd., headquartered in Melbourne, is part of the global Saputo Inc. Founded in 1954, Saputo is known for its extensive range of high-quality dairy products, including milk, cheese, and butter, under brands like Devondale and Sungold. The company focuses on sustainable practices and innovation in dairy production.

Chobani® Global Holdings, LLC (Chobani Pty Ltd.)

Chobani, headquartered in New York, established its Australian subsidiary in Dandenong, Victoria, in 2011. Known for revolutionizing the yogurt industry with its Greek yogurt products, Chobani focuses on crafting nutritious and natural dairy offerings. The company's commitment to quality and community involvement has made it a beloved brand in Australia and globally.

Ballantyne

Ballantyne, a family-owned company based in Melbourne, was established in 1929. Specializing in high-quality dairy products, including butter, cheese, and dairy-based ingredients, Ballantyne has built a strong reputation for excellence and innovation. The company prides itself on its commitment to traditional craftsmanship and modern production techniques.

Procal Dairies Pty Ltd.

Procal Dairies Pty Ltd., headquartered in Campbellfield, Victoria, is a family-owned business founded in 2003. Procal focuses on producing fresh, high-quality dairy products, including milk, yoghurt, and cream. With a strong emphasis on sustainability and local sourcing, Procal has established itself as a trusted name in the Australian dairy market.