Being Cheesy: Hikes In Milk Prices Are Supporting Revenue Growth In 2022-23
Butter & Cheese Production in the UK
The Butter and Cheese Production industry has expanded in recent years, supported by increasing farm-gate milk prices over the period. Fluctuations in global milk supply cause volatility in the domestic price of milk, which makes industry revenue volatile. The persistent popularity of cheddar cheese and ongoing product innovation has been the principal source of revenue for the past couple of decades. The provenance of food has played an important factor in consumer purchasing habits, with artisan cheese producers growing in popularity.This industry includes establishments that manufacture butter, cheese and curd. It excludes the manufacture of non-dairy cheese or butter substitutes. Spreads made from buttermilk are included whereas margarine, which is made from vegetable oil, is excluded. Fromage frais, although technically a type of cheese, is excluded from this industry.
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.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
OPERATING CONDITIONS
- Capital Intensity
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Dairy Crest Ltd
- The First Milk Cheese Company Ltd
- Arla Foods Ltd
Methodology
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