The New Zealand dairy food market is suggested to have reached a value of around NZD 550 million by the beginning of 2007, and is estimated to have hit a valuation of over NZD 600 million in 2012. From here the industry is predicted to reach a total in 2017 of just under NZD 700 million.
Between 2007 and 2012 the New Zealand dairy food market grew at a CAGR of 2.02%, and is predicted to increase marginally to a CAGR of 2.28% for the forecast period of 2012 and 2017. In terms of categories, 'Milk' is the leading sector, with the 'Cheese' sector a distant second. The fastest growing category in New Zealand's dairy food market is forecast to be the 'Butter & Spreadable Fats' sector, which is predicted to grow at a CAGR of 4.17% during the forecast period.
For more information on the New Zealand dairy food market, please click here: New Zealand dairy food market
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