Report Overview

The Australia dairy products market is expected to grow at a CAGR of 2.23% between 2024 and 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • According to DAFF, 8.8 billion litres of milk were produced in Australia, during 2022-2023.
  • According to ABS, in 2022-2023, the apparent daily consumption per capita of milk, yoghurt and cheese was 1.5 serves per day.
  • According to the USDA FAS, in 2023, Victoria produced 62.6% of the total milk in Australia.

Australia Dairy Products Market Growth

Compound Annual Growth Rate

Value in AUD billion

2.23%

2024-2032


Australia Dairy Products Market Outlook

*this image is indicative*

The Australian dairy products market is categorised into items such as butter, milk, dairy desserts, yoghurt, cheese, cream, and more. Yoghurt is a significant growth driver in the dairy products market, fuelled by its health benefits and evolving consumer preferences. Probiotic yoghurt varieties, known for promoting digestive health and immunity, have gained popularity among consumers prioritising gut health. Fortified yoghurts enriched with additional vitamins and minerals cater to specific health concerns.

Australia Dairy Products Market Report

In January 2024, Nuchev, known for specialising in infant goat milk formula in Australia, introduced its first bovine product targeting older children and adults. This launch was part of their plan to roll out a range of products aimed at boosting digestion and immunity over the next year.

The Australia dairy products market growth is being contributed by the increase in the addition of functional ingredients such as probiotics, vitamins, and others which promote health and wellness in the consumers. Moreover, technological advancements are enhancing the quality and efficiency of dairy production. Advanced processing techniques improve product quality, extend shelf life, and enhance nutritional value. The expansion of e-commerce platforms is significantly impacting the dairy market, making it easier for consumers to purchase dairy products online.

Australia Dairy Products Market Segmentation

Australia Dairy Products Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

  • Butter
  • Milk
  • Dairy Desserts
  • Yoghurt
  • Cheese
  • Cream
  • Others

Market Breakup by Distribution Channel

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Online Channels
  • Others

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

Australia Dairy Products Market Share

Supermarkets and hypermarkets led the Australia dairy products market due to their extensive distribution networks, variety of product offerings, competitive pricing strategies, and effective marketing campaigns. Their ability to maintain high standards of freshness and quality, coupled with consumer trust and brand loyalty, drives significant market share.

Leading companies in the Australia dairy products market 

The growth of the dairy products market is fueled by an increase in health and wellness focus, a rise in sustainability and ethical production, organic and natural products, and the introduction of innovative flavours, textures, and formats in dairy products.

  • Fonterra Co-operative Group Limited
  • Lactalis Australia Pty Ltd.
  • Norco Co-operative Limited
  • Saputo Dairy Australia Pty Ltd.
  • Dairy Australia Limited
  • Little Big Dairy Co.
  • Mother Cow Dairy
  • Milawa Cheese Company 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 2.23% between 2024 and 2032.

Based on the product type, the dairy products market is bifurcated into milk, dairy desserts, butter, yoghurt, cheese, cream, and others.

Key players in the dairy products industry are Fonterra Co-operative Group Limited, Lactalis Australia Pty Ltd., Norco Co-operative Limited, Saputo Dairy Australia Pty Ltd., Dairy Australia Limited, Little Big Dairy Co., Mother Cow Dairy, and Milawa Cheese Company, among others.

Based on distribution channels, the dairy products market is divided into convenience stores, online channels, hypermarkets and supermarkets, and others.

Based on nature, the dairy products market is bifurcated into organic and conventional.

The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

Report Features Details
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Distribution Channel
  • Region
Breakup by Property Type
  • Butter
  • Milk
  • Dairy Desserts
  • Yoghurt
  • Cheese
  • Cream
  • Others
Breakup by Distribution Channel
  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Online Channels
  • Others
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Fonterra Co-operative Group Limited
  • Lactalis Australia Pty Ltd.
  • Norco Co-operative Limited
  • Saputo Dairy Australia Pty Ltd.
  • Dairy Australia Limited
  • Little Big Dairy Co.
  • Mother Cow Dairy
  • Milawa Cheese Company 
  • Others

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