Page 21 - Food&Drink Magazine October 2021

compared with negative growth for the category overall.
Sustainability-marketed natural cheese and yoghurt sales grew over 30 per cent and 20 per cent respectively compared with near 10 per cent
LOCAL INDUSTRY
Lactalis has a significant presence in all Australian states with a strong market share in the liquid milk market after its acquisition of Parmalat in 2011. Further acquisitions of Harvey
has lost ground in the past decade, slipping from third place in 2010.
A recent global review resulted in divestment of some international assets in China and Brazil, with some additional more targeted offshore investments in Australia and China.
Saputo, which acquired Warrnambool Cheese and Butter in 2014 and Murray Goulburn in 2018, placed tenth with a turnover of $US10.7 billion.
Chinese company Mengniu Dairy, which has a stake in Gippsland processor Burra Foods, fell from eighth to ninth position with a turnover of $US11 billion.
Bega Cheese failed to make the Global Top 20 this year. However, its recent takeover of Lion Dairy and Drinks will see its milk processing business grow from four to 15 dairy factories, with significant increases in its flavoured milk, yoghurt and juice businesses movingforward. ✷
ABOVE: A Lactalis dairy supplier in South West Victoria.
OPPOSITE: Some of Lactalis’ brands, helping make it the largest dairy company in the world.
“ With its international focus, Lactalis is well positioned to capitalise on global growth opportunities brought about by changing demographics.”
growth for those categories broadly over the five-year period.
While natural dairy’s nutrient density will keep it a dietary staple, Rabobank anticipates that by 2030 climate-sensitive consumers will have the option to buy competitively-priced plant-based and cell-cultured dairy alternatives, with non-GMO-sensitive consumers opting for the plant-based proteinalternatives.
Fresh in 2014 and of Fonterra’s yoghurts and desserts business in 2015 have cemented its position across the local industry.
Two of Australia’s big three processors – New Zealand cooperative giant Fonterra and Canadian conglomerate Saputo – were placed sixth and tenth on this year’s list respectively. Fonterra held on to sixth place with a turnover of $US13.6 billion,thoughthecooperative
✷ ABOUTTHEAUTHOR
DAIRY BUSINESS
Michael Harvey is senior
dairy analyst for
Rabobank in Australia.
He is an experienced
analyst, researcher and
adviser, who has been
actively involved in the dairy industry since growing up on a dairy farm in the northern Victorian.
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