The cream market in Australia is forecasted to maintain a relatively stable per capita volume from 2024 to 2026 at 0.23 kilograms, followed by a slight decline to 0.22 kilograms in 2027 and 2028. The 2023 actual data stood at 0.24 kilograms per capita. This results in a year-on-year percentage decrease of 4.17% from 2023 to 2024, and a subsequent stable trend till 2026 before a minor drop by 4.35% in 2027. The Compound Annual Growth Rate (CAGR) over the last five years reflects a slight average decline per year.
Future trends to watch for include potential shifts in consumer preferences towards healthier or plant-based alternatives which might influence market size, increased awareness and demand for organic cream products, and the impact of economic factors on consumer purchasing power and consumption patterns in the dairy sector.
