New Zealand Dairy & Soy Food – Market Assessment and Forecasts to 2025
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The New Zealand dairy & soy food market was valued at $1,301.2 million in 2020 and is projected to grow at a CAGR of more than 3% during the forecast period 2021-2025. Per capita consumption and per capita expenditure of dairy & soy food was higher in New Zealand than at the global and regional levels in 2020.
Milk was the largest category in 2020, while grain, nut, rice, seed milk alternatives are forecast to register the fastest value growth during 2020-2025. The category is also expected to gain the maximum market share in value terms during 2020-2025. Hypermarkets & supermarkets was the largest distribution channel in the New Zealand dairy & soy food sector, followed by convenience stores and food & drinks specialists.
Overview of New Zealand dairy & soy food market
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What are the market dynamics in the dairy & soy food market in New Zealand?
Auckland emerged as the largest dairy & soy food market in New Zealand in 2020, followed by Wellington and Christchurch, in the same year. Milk was the leading category in volume terms across the leading cities in the New Zealand dairy & soy food sector in 2020. New Zealand ranks last in terms of fragmentation when compared to the leading countries in the region, with the top five companies accounting for a share of more than 60% in 2020.
Health & wellness attributes such as “food intolerance” and consumer benefits such as “health management” contributed the most to the growth of the health & wellness market in the New Zealand dairy & soy food sector during 2015-2020. Rigid plastics is the most used pack material in the New Zealand dairy & soy food sector, followed by paper & board and flexible packaging.
What are the different segments in the dairy & soy food market in New Zealand?
The different segments of dairy & soy food in New Zealand are butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, grain, nut, rice, seed milk alternatives, milk, soymilk & soy drinks, and yogurt. Milk led the New Zealand dairy & soy food sector in terms of per capita consumption in 2020, followed by yogurt and butter & spreadable fats. Furthermore, the per capita consumption of butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, grain, nut, rice, seed milk alternatives, milk, soymilk & soy drinks, and yogurt was higher in New Zealand compared to the regional and global level.
New Zealand dairy & soy food market, by segments
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What are the key channels in dairy & soy food in New Zealand?
The key distribution channels in dairy & soy food market in New Zealand are hypermarkets & supermarkets, convenience stores, food & drinks specialists, e-retailers, cash & carries and warehouse club, and others. Hypermarkets & supermarkets was the leading distribution channel in the New Zealand dairy & soy food sector, with a value share of more than 60% in 2020.
New Zealand dairy & soy food market, by key distribution channels
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Who are the key players in the dairy & soy food market in New Zealand?
The leading key players in the market are Fonterra Co-Operative Group, Goodman Fielder, Miraka Ltd, Vitasoy International Holdings, and Dairyworks Limited. Fonterra Co-Operative Group, Goodman Fielder and Miraka Ltd. are the top three companies in the New Zealand dairy & soy food sector.
New Zealand dairy & soy food market, by key players
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Market report scope
| Market size (Year – 2020) | $1,301.2 million |
| Growth rate – By Value | CAGR of >3% from 2021-2025 |
| Base year for estimation | 2020 |
| Forecast period | 2021-2025 |
| Distribution channels | Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Cash & Carries and Warehouse Club, E-Retailers, and Others |
| Segments | Butter & Spreadable Fats, Cheese, Cream, Dairy-Based & Soy-Based Deserts, Drinkable Yogurt, Grain, Nut, Rice, Seed Milk Alternatives, Milk, Soymilk & Soy Drinks, and Yogurt |
| Key players | Fonterra Co-Operative Group, Goodman Fielder, Miraka Ltd, Vitasoy International Holdings, and Dairyworks Limited |
Scope
- Sector data: Overall sector value and volume data with growth analysis for 2015-2025.
- Category coverage: Value and growth analysis for butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, fromage frais & quark, milk, soymilk & soy drinks and yogurt with inputs on individual segment share within each category and the change in their market share forecast for 2020-2025.
- Leading players: Market share of companies (in value terms) and private labels (in value terms) in 2020.
- Distribution data: Percentage of sales within each category through distribution channels such as cash & carries & warehouse clubs, convenience stores, department stores, food & drinks specialists, hypermarkets & supermarkets, e-retailers, “dollar stores”, variety stores & general merchandise retailers, vending machines, drug stores & pharmacies, health & beauty stores and other general retailers.
- Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of number of units sold. Pack material data for glass, flexible packaging, rigid plastics, paper & board and rigid metal; pack type for: jar, bag/sachet, tub, stand up pouch, carton – folding, can, carton – liquid, pillow pouch, bottle, cup, aerosol, tube, tray, film, wrapper, clamshell, box, foil and other pack type, closure type for: flip/snap top, screw top, prize off, twist off, plastic tie, foil, sports cap, film, cap, lever closure, crown and other closure types, primary outer types for: carton – folding, bag, sleeve and shrink wrap.
Reasons to Buy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis.
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities.
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning.
- Our team of analysts has placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion.
- The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector.
- Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes an economic summary of the country along with labor market and demographic trends.
Goodman Fielder
Miraka Ltd
Vitasoy International Holdings
Dairyworks Limited
Whitestone Cheese Ltd.
Lewis Road Creamery
Upfield
Dairyworks Limited
Mars Incorporated
Waimata Cheese Company
Tatua Corperative Daiiry Company Limited
Earth`s Own Food Company Inc.
Table of Contents
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Frequently asked questions
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What is New Zealand dairy & soy food market size in 2020?
The dairy & soy food market in New Zealand was valued at $1,301.2 million in 2020.
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What is New Zealand dairy & soy food market growth rate?
The dairy & soy food market in New Zealand is expected to grow at a compound annual growth rate of more than 3% during the forecast period.
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What are the key channels in the New Zealand dairy & soy food market?
The key distribution channels in the dairy & soy food market in New Zealand are hypermarkets & supermarkets, convenience stores, food & drinks specialists, e-retailers, cash & carries, and warehouse club, and others.
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What are the key category segments in the New Zealand dairy & soy food market?
The key category segments are butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, grain, nut, rice, seed milk alternatives, milk, soymilk & soy drinks, and yogurt.
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Who are the key players in the New Zealand dairy & soy food market?
The leading key players in the market are Fonterra Co-Operative Group, Goodman Fielder, Miraka Ltd, Vitasoy International Holdings, and Dairyworks Limited are the key players in the New Zealand dairy & soy food market.
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