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Milk and Cream Processing in New Zealand Industry Data and Analysis
Milk and cream processors have been benefiting from significant export demand growth. Rising incomes in Asia are boosting demand for non-powdered milk and cream, with notable price premiums in export markets supporting milk and cream processors' goods. However, a focus on food security in China, the industry’s largest export market, is weighing on the country’s demand for milk and cream as it improves its domestic dairy sector.
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What's included in this industry analysis
IBISWorld's research coverage on the Milk and Cream Processing industry in New Zealand includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released September 2025.
About this industry
What's this industry report about?
The Milk and Cream Processing industry in New Zealand operates under the ANZSIC industry code C1131NZ. Operators in the industry process raw milk. Processes include pasteurising milk and separating it to produce milk and cream with varying fat content. Related terms covered in the Milk and Cream Processing industry in New Zealand include uht, pasteurised milk and organic milk.
What's included in this industry?
Products and services covered in Milk and Cream Processing industry in New Zealand include Whole milk, Reduced-fat milk and UHT milk.
What companies are included in this industry?
Companies covered in the Milk and Cream Processing industry in New Zealand include Fonterra Co-op Group, Westland Dairy Company and Goodman Fielder.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Milk and Cream Processing industry in New Zealand.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Milk and Cream Processing industry in New Zealand.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Milk and Cream Processing industry in New Zealand.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Milk and Cream Processing industry in New Zealand. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Milk and Cream Processing industry in New Zealand. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Milk and Cream Processing industry in New Zealand. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Milk and Cream Processing industry in New Zealand. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Milk and Cream Processing industry in New Zealand.
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Frequently Asked Questions
What is the market size of the Milk and Cream Processing industry in New Zealand in 2026?
The market size of the Milk and Cream Processing industry in New Zealand is $1.7bn in 2026.
How many businesses are there in the Milk and Cream Processing industry in New Zealand in 2025?
There are 32 businesses in the Milk and Cream Processing industry in New Zealand, which has grown at a CAGR of 1.3 % between 2020 and 2025.
How may import tariffs affect the Milk and Cream Processing industry in New Zealand?
The Milk and Cream Processing industry in New Zealand is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Milk and Cream Processing industry in New Zealand?
The Milk and Cream Processing industry in New Zealand is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Milk and Cream Processing industry in New Zealand grown or declined over the past 5 years?
The market size of the Milk and Cream Processing industry in New Zealand has been growing at a CAGR of 2.4 % between 2020 and 2025.
What is the forecast growth of the Milk and Cream Processing industry in New Zealand over the next 5 years?
Over the next five years, the Milk and Cream Processing industry in New Zealand is expected to grow.
What are the biggest companies in the Milk and Cream Processing industry in New Zealand?
The biggest companies operating in the Milk and Cream Processing industry in New Zealand are Fonterra Co-op Group, Westland Dairy Company and Goodman Fielder
What does the Milk and Cream Processing industry in New Zealand include?
Whole milk and Reduced-fat milk are part of the Milk and Cream Processing industry in New Zealand.
Which companies have the highest market share in the Milk and Cream Processing industry in New Zealand?
The company holding the most market share in the Milk and Cream Processing industry in New Zealand is Fonterra Co-op Group.
How competitive is the Milk and Cream Processing industry in New Zealand?
The level of competition is high and increasing in the Milk and Cream Processing industry in New Zealand.
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