The cream market in Australia has shown stability over the past decade. The volume stood at 6.0 thousand metric tons in 2023, with minimal variations year-over-year since 2015. A notable spike occurred in 2016 with a 16.67% increase, followed by a decline of 14.29% in 2017. From 2018 to 2023, the volume remained consistently at 6.0 thousand metric tons. The CAGR over this period is 0%, indicating a flat growth trajectory.
Looking ahead, the forecasted data from 2024 to 2028 indicates continued stability with an annual volume of 6.0 thousand metric tons and a 5-year CAGR of 0%. Future trends to watch for include potential market disruptions from alternative dairy products, changes in consumer preferences, and innovations in the cream product segments.
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