Cream of the crop: Revenue is expected to grow as operators aim to capitalise on health trends

Operators in the Yoghurt and Other Dairy Product Processing industry manufacture products such as yoghurt, powdered milk, whey and lactose. Changing tastes among consumers have caused volatility in industry revenue over the past five years, which is expected to fall at a compound annual rate of 1.2% over the five years through 2018-19. However, industry profitability has also shown year-on-year volatility due to fluctuating farm-gate milk prices and cost pressures from downstream supermarkets. Industry revenue is expected to grow by 0.3% in the current year to reach £1 billion, as producers adapt product ranges in line with changing consumer demands while also benefitting from increased demand from supermarkets and real household disposable income...read more.

Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 14-19
-1.2%
Forecast Growth 19-24
Profit
Employment
4,582
Businesses
93

Industry Threats & Opportunities

  • Innovation and health-consciousness are likely to be key to prosperity over the next five years
  • Milk prices have been volatile but are projected to fall, providing an opportunity to operators
  • Revenue and the number of enterprises are expected to grow over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The industry has a moderate level of market share concentration, since the top four players – Muller UK & Ireland Group LLP, Yeo Valley Farms (Production) Ltd, Lactalis Nestle Chilled Dairy Company Ltd and Arla Foods Ltd – are estimated to account for 56.3% of industry revenue in 2018-19. The industry consists of several different product segments, where concentration levels vary. In the United Kingdom, Muller and Yeo Valley dominate the yoghurt segment, but there are also large foreign producers like Danone, which import large quantities of their products from factories in continental Europe. Smaller firms in the industry tend to supply either own-label products for supermarkets, bulk products for manufacturers and food-service industries or niche consumer brands. Suc...purchase to read more.

    Additional Insights for the Yoghurt & Other Dairy Product Processing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Yoghurt & Other Dairy Product Processing Industry are

  • Access to high quality inputs
  • Having a wide and expanding product range
  • Access to niche markets
  • IBISWorld analysts also discuss how external factors such as Demand from supermarkets and Health consciousness in the Yoghurt & Other Dairy Product Processing industry impact industry performance..

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    What's in this report

    What is the Yoghurt & Other Dairy Product Processing Industry?

    This industry covers the production of fermented milk-based products other than liquid milk, cream, butter and cheese. Yoghurt, creme fraiche, sour cream, milk-based soft drinks, yoghurt drinks, powdered milk, whey, casein and lactose are all included. Products from a non-dairy source are excluded, as are foods serving a specific nutritional purpose, such as infant milk formula and whey-based protein supplements.

    Industry Products
  • Flavoured yoghurt
  • Plain yoghurt
  • Whey
  • Milk powder
  • Industry Activities
  • Yoghurt production
  • Sour cream and creme fraiche processing
  • Yoghurt drink production
  • Powdered milk production
  • Whey product processing
  • Casein and lactose processing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from supermarkets
  • Health consciousness
  • Domestic price of milk
  • Real household disposable income

  • Current Performance
  • Healthy demand
  • Milking profit
  • A global market
  • Chart: Revenue Growth

  • Industry Outlook
  • A changing culture
  • Fine margins
  • Table: Yoghurt & Other Dairy Product Processing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Yoghurt & Other Dairy Product Processing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Ice Cream Production
  • Chocolate & Confectionery Production
  • Dairy Product, Egg & Edible Oil Wholesaling
  • Supermarkets

  • Key Selling Industries
  • Dairy Cattle Raising
  • Yoghurt & Other Dairy Product Processing

  • Products & Services
  • Flavoured yoghurt
  • Plain yoghurt
  • Milk powder
  • Whey
  • Other
  • Chart: Yoghurt & Other Dairy Product Processing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retailers
  • Food manufacturers
  • Food-service firms
  • Wholesalers
  • Chart: Major Market Segmentation for the Yoghurt & Other Dairy Product Processing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Yoghurt & Other Dairy Product Processing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Yoghurt & Other Dairy Product Processing Industry

  • Industry Globalization
    Muller UK & Ireland Group LLP, Yeo Valley Farms (Production) Ltd, Lactalis Nestle Chilled Dairy Company Ltd,
  • Table: Muller UK & Ireland Group LLP - financial performance
  • Table: Yeo Valley Farms (Production) Ltd - financial performance
  • Table: Lactalis Nestle Chilled Dairy Company Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Yoghurt & Other Dairy Product Processing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Yoghurt & Other Dairy Product Processing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Own-Label
  • A product manufactured by one company and provided for offer under another company's brand.
  • Probiotic Yoghurt Drink
  • Yoghurt drinks made from active bacteria cultures, which are beneficial for the microflora of the intestines.
  • Whey
  • Whey or milk plasma is the liquid remaining after milk has been curdled and strained.
  • What Our Customers Say

    Why buy this report?

    The Yoghurt & Other Dairy Product Processing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Yoghurt & Other Dairy Product Processing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Yoghurt & Other Dairy Product Processing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Yoghurt & Other Dairy Product Processing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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