Companiesandmarkets.com

New Zealand dairy food market: NZD 700 million industry by 2017

Press Release   •   Jul 04, 2013 15:39 BST

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

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.