The Top 10 Dairy Companies

Publication Date	May 2008
Publisher	Business Insights
Product Type	Report
Pages	174
ISBN Number	not applicable
Product Code	RBI00223

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Summary

The Top 10 Dairy Companies

Increasing prices of raw materials, demand for dairy products in emerging markets and the drive for health and wellness, are putting pressure on dairy manufacturers to develop innovative but cost effective products. Key growth strategies for many of the top companies include strengthening brand portfolios and expansion in growth markets such China and India.

The Top 10 Dairy Companies is a report published by Business Insights that analyzes the innovation and growth strategies of the top 10 players in the dairy industry. This report identifies the product areas that the top 10 players are seeking to develop and also highlights the respective markets where each individual company is looking to grow. It also examines the comparative strengths, weaknesses, opportunities and threats facing the world's leading dairy companies. Benchmark your performance against the leading dairy companies using market share and financial data in this report...

Key findings from this report...

The global dairy industry is highly fragmented, with the top 10 companies representing about 22.4% of the total market size in 2006.
The global dairy market reached $402.5bn in 2006, representing a five-year CAGR of 3.7% and it is forecast to reach about $487.2bn in 2011, representing a five-year CAGR of 4.9%.
The leading dairy companies are focussing innovation on organic and functional dairy. Other latest developments have included products that are low fat, contain natural ingredients and no preservatives.
Nestl was the global industry leader with a 5.0% market share in 2006, followed by Danone (2.5%) and Dean Foods (2.4%).
Parmalat's dairy business recorded revenues of R3,546m ($4,861m) for the fiscal year ended December 2007, an increase of 6.1% over 2006. Higher revenues in fiscal 2007 were mainly due to higher sales volume in Canada and Italy. The dairy revenues accounted for 91.8% of its consolidated revenues in 2007.

Some key issues answered by this report...

Growing demand for dairy products in Asia is driving global milk prices. The increase in demand has been fuelled by population growth, increases in personal income and Western-style influences on the Asian diet (demand for non-native foods such as cheese slices, yogurt and skimmed milk among young urbanites).
Contracting European supply of milk. The milk quota system (introduced in 1984) has placed a limit on the amount of milk produced each year by EU dairy farmers. EU-25 milk production declined 0.3% during September 2004-07 and 1.4% in September 2007.
Adverse climatic conditions in Australia and New Zealand. Australia and New Zealand are the two major milk exporters in the world. In 2005, both countries witnessed a drop in milk production

due to adverse climatic conditions, with Australia's output falling 0.3% and New Zealand down 4.0% year-on-year. Decline in output of world's major milk exporters will impact the global milk supply and therefore, will lead to a rise in milk prices.

Some key questions answered by this report...

What are the trends in the global dairy industry?
Who are the top 11 to 20 companies?
Which regions and segments offer the leading dairy companies the greatest growth opportunities?
How do the leading dairy companies compare in terms of financial performance and coverage by country and category?
What are the key strategies of the leading dairy companies and how do these strategies drive revenue and market share?

This new report will enable you to...

Benchmark the world's leading dairy companies with this report's ranking of the top 10 companies, detailing their financial performance and future prospects.
Identify and target future growth areas from this report's analysis of the acquisitions and divestments made by leading dairy companies and their strategies for growth.
Understand the key trends in the dairy market and the impact that they are expected to have, using this report.
Enhance your product development strategies with this report's analysis of the leading dairy companies' innovation and NPD strategies and recent product launches.
Create more effective competitive strategies based on this report's SWOT analyses of the top dairy companies.
Assess the performance of leading dairy companies, identify their strengths and weakness and learn about their growth strategies with this report...

Content

Executive Summary
- Market context
- Nestl
- Danone
- Dean Foods
- Unilever
- Lactalis
- Dairy Farmers of America
- Arla Foods
- Kraft Foods
- Friesland Foods
- Parmalat
- Conclusions
Chapter 1 Introduction
- WHAT IS THIS REPORT ABOUT?
- Methodology
Chapter 2 Market Context
- Summary
- Introduction
- Market overview
- Market size and growth
- Top trends in the dairy market
- Increasing raw material prices
- Growing demand for dairy products in China and Asia
- Contracting European supply
- Adverse climatic conditions in Australia and New Zealand
- Rising cost for animal feed
- Shift towards health and wellness
- CHAPTER 3 NESTL
Summary
- Company information
- History
- Recent financial performance
- Acquisitions and divestments
- Growth strategies
- Popularly positioned products (PPPs)
- DSD initiative
- Luxury and premium products
- Innovation and NPD
- SWOT analysis
- Strengths
- Strong brand portfolio
- Strong presence in emerging markets
- Weaknesses
- Product recalls
- Opportunities
- Expansion in Brazil
- Growing health concerns
- Threats
- Rising milk prices
Chapter 4 Danone
- Summary
- Company information
- History
- Recent financial performance
- Acquisitions and divestments
- Growth strategies
- Geographic expansion
- Innovation and NPD
- SWOT analysis
- Strengths
- Strong market position in FDP market
- Strong brand portfolio
- Weaknesses
- Overdependence on Europe
- Opportunities
- Entering the organic food market
- Geographic expansion
- Threats
- Government regulations
Chapter 5 Dean Foods
- Summary
- Company information
- History
- Recent financial performance
- Acquisitions and divestments
- Growth strategies
- Leveraging DSD network
- Morningstar and WhiteWave platforms
- Innovation and NPD
- SWOT analysis
- Strengths
- Strong market share in the US
- Strong brand portfolio
- Weaknesses
- Customer concentration
- Low EBITDA
- Opportunities
- Growing demand for organic dairy products
- Expansion of farmers network
- Threats
- Increase in raw material and dairy commodity costs
Chapter 6 Unilever
- Summary
- Company information
- History
- Recent financial performance
- Acquisitions and divestments
- Growth strategies
- Restructuring business
- Innovation and NPD
- SWOT analysis
- Strengths
- Strong market share in the ice cream segment
- Strong R&D capabilities
- Weaknesses
- Decreasing cash flow from operation
- Opportunities
- Increasing health consciousness
- Threats
- Seasonal demand for ice cream
Chapter 7 Lactalis
- Summary
- Company information
- History
- Recent financial performance
- Acquisitions and divestments
- Growth strategies
- Expansion through acquisitions
- Innovation and NPD
- SWOT analysis
- Strengths
- Strong market position in French milk market
- Weaknesses
- Weak internal control
- Opportunities
- Increase of production capacity
- Threats
- Price fluctuations in dairy products
Chapter 8 Dairy Farmers of America
- Summary
- Company information
- History
- Recent financial performance
- Acquisitions and divestments
- Growth strategies
- Investing in core business units
- Innovation and NPD
- SWOT analysis
- Strengths
- Leadership position in the US
- Weaknesses
- Divestment of plants
- Opportunities
- Growing butter and margarine market in the US
- Threats
- Increasing competition
Chapter 9 Arla Foods
- Summary
- Company information
- History
- Recent financial performance
- Acquisitions and divestments
- Growth strategies
- Focus on core business
- Drive growth in selected markets
- Innovation and NPD
- SWOT analysis
- Strengths
- Strong sales growth in the UK
- Weaknesses
- Lagging behind on revenue growth
- Geographic concentration
- Opportunities
- Increasing whey processing
- Opportunities in Algeria
- Threats
- Consumer boycott
- Falling milk supply
Chapter 10 Kraft Foods
- Summary
- Company information
- History
- Recent financial performance
- Acquisitions and divestments
- Growth strategies
- Strengthening brand portfolio
- Creating brand awareness
- Innovation and NPD
- SWOT analysis
- Strengths
- Strong distribution network
- Weaknesses
- Geographic concentration
- Opportunities
- New offerings in Cheese
- Cost cutting
- Threats
- Consolidation of retail sector
Chapter 11 Friesland Foods
- Summary
- Company information
- History
- Recent financial performance
- Acquisitions and divestments
- Growth strategies
- Strengthening position in Southeast Asia
- Concentrating Central European production
- Vision 2015
- Innovation and NPD
- SWOT analysis
- Strengths
- Strong market and brand position
- Co-operative business structure
- Weaknesses
- Declining profits from Asia and Africa regions
- Opportunities
- Friesland Foods and Campina merger
- Focus on low-income segment in Indonesia
- Threats
- Rising commodity costs
Chapter 12 Parmalat
- Summary
- Company information
- History
- Recent financial performance
- Acquisitions and divestments
- Growth strategies
- Focus on functional and premium products
- Innovation and NPD
- SWOT
- Strengths
- Strong position in Italy
- Weaknesses
- Major presence in mature markets
- Opportunities
- Growing trend towards health and wellness
- Threats
- Competition from private labels
Chapter 13 11-20 Companies
- Bongrain
- Company description
- Recent financial performance
- Innovation and NPD
- Morinaga Milk Industry
- Company description
- Recent financial performance
- Innovation and NPD
- Campina
- Company description
- Recent financial performance
- Innovation and NPD
- Meiji Dairies
- Company description
- Recent financial performance
- Innovation and NPD
- Land O' Lakes
- Company description
- Recent financial performance
- Innovation and NPD
- Saputo
- Company description
- Recent financial performance
- Innovation and NPD
- Sodiaal
- Company description
- Recent financial performance
- Innovation and NPD
- Fonterra
- Company description
- Recent financial performance
- Innovation and NPD
- Fromageries
- Company description
- Recent financial performance
- Innovation and NPD
- Yakult Honsha
- Company description
- Recent financial performance
- Innovation and NPD
Chapter 14 Conclusions
- Summary
- Introduction
- Revenue overview
- Growth strategies
- Expansion into emerging markets
- Health and wellness
- Category focus
- Outlook
- Glossary
- Index
List of Figures
- Figure 2.1: Global dairy market size, ($m), 2002-06
- Figure 2.2: Top 10 dairy companies market share, (%), 2006
- Figure 2.3: EU-25 average milk prices, (€/100kg), 2003-07
- Figure 2.4: Milk production in EU-25, (thousand tones), 2004-07
- Figure 2.5: Annual growth in milk production, (%), 2002-06
- Figure 3.6: Nestl dairy financial performance, ($m), 2005-07
- Figure 3.7: Nestl's recent dairy product launches, by category, 2004-07
- Figure 3.8: Roxie Ice Cream and Haagen-Dazs Ice Cream
- Figure 3.9: Nestl SWOT analysis
- Figure 4.10: Danone dairy financial performance, ($m), 2004-06
- Figure 4.11: Danone's recent dairy product launches, by category, 2004-07
- Figure 4.12: La Serenisima Yogurisimo Go Yogur Licuado Endulzado and Essensis Pro-Nutris
- Yogurt Drink
- Figure 4.13: Danone SWOT analysis
- Figure 5.14: Dean Foods dairy financial performance, ($m), 2005-07
- Figure 5.15: Dairy Group revenue breakdown (%), 2007
- Figure 5.16: Dean Foods' recent dairy product launches, by category, 2004-07
- Figure 5.17: Rachel's Organic Bio-Live Yogurt
- Figure 5.18: Dean Foods SWOT analysis
- Figure 6.19: Unilever dairy financial performance, ($m), 2004-06
- Figure 6.20: Unilever's recent dairy product launches, by category, 2004-07
- Figure 6.21: Becel Margarine - Omega 3 plus, Popsicle SlowMelt Long Lasting Pops and Breyers
- Swirls Ice Cream
- Figure 6.22: Unilever SWOT analysis
- Figure 7.23: Lactalis financial performance, ($m), 2006-07
- Figure 7.24: Lacatalis' recent dairy product launches, by category, 2004-07
- Figure 7.25: Dukatol and Galbani mozzarella mini light
- Figure 7.26: Lactalis SWOT analysis
- Figure 8.27: DFA financial performance, ($m), 2004-06
- Figure 8.28: DFA business segments breakdown, share of sales, 2006
- Figure 8.29: DFA's recent dairy product launches, by category, 2004-07
- Figure 8.30: Borden Spreadable Butter with Canola Oil, Breakstone's Spreadable Butter with
- Canola Oil and Keller's Spreadable Butter with Canola Oil
- Figure 8.31: DFA SWOT analysis
- Figure 9.32: Arla Foods dairy financial performance, ($m), 2005-07
- Figure 9.33: Arla Foods' recent dairy product launches, by category, 2004-07
- Figure 9.34: Yoggi Yalla! Drickyogurt
- Figure 9.35: Arla Foods SWOT analysis
- Figure 10.36: Kraft Foods dairy financial performance, ($m), 2005-07
- Figure 10.37: Kraft Foods' recent dairy product launches, by category, 2004-07
- Figure 10.38: LiveActive Cheese
- Figure 10.39: Kraft Foods SWOT analysis
- Figure 11.40: Friesland Foods dairy financial performance, ($m), 2006-07
- Figure 11.41: Friesland Foods' recent dairy product launches, by category, 2004-07
- Figure 11.42: Friesche Vlag Slaap Lekker and Dios-Mezes
- Figure 11.43: Friesland Foods SWOT analysis
- Figure 12.44: Parmalat dairy financial performance, ($m), 2006-07
- Figure 12.45: Parmalat's recent dairy product launches, by category, 2004-07
- Figure 12.46: Black Diamond Ficello Smart Growth String Cheese and Latte Parziamente Scremato
- Figure 12.47: Parmalat SWOT analysis
- Figure 13.48: Der Milde Chavroux Frischkaese aus 100% Ziegenmilch - 8% Fett
- Figure 13.49: Eskimo Ryofudo Ice Cream and Eskimo Pino Ichigo
- Figure 13.50: Campina Fruttis Yogurt and Campina Fruttis Creamy Yogurt
- Figure 13.51: Meiji Bulgaria Yogurt Teito Nameraka
- Figure 13.52: Alpine Lace Variety Pack of Sliced Cheese
- Figure 13.53: Dairyland Alive Yogurt
- Figure 13.54: Panier de Yoplait 0% Fat Yogurt - Quartiers
- Figure 13.55: Perfect Italiano Ricotta Cheese
- Figure 13.56: Kiri Golo and Laughing Cow Cheese Spread
- Figure 13.57: Yakult no Seinyu Tappuri Yogurt
List of Tables
- Table 2.1: Top 10 dairy companies turnover, ($m), 2004-06
- Table 3.2: Nestl key milestones
- Table 3.3: Nestl dairy financial performance, (CHFm), 2005-07
- Table 3.4: Nestl business segment performance, (CHFm) 2007
- Table 3.5: Nestl key dairy brands
- Table 4.6: Danone key milestones
- Table 4.7: Danone dairy financial performance, (€m), 2004-06
- Table 4.8: Danone business segment performance, (€m), 2006
- Table 5.9: Dean Foods key milestones
- Table 5.10: Dean Foods dairy financial performance, (€m), 2005-07
- Table 5.11: Dean Foods dairy business segment performance, ($m), 2005-07
- Table 5.12: Dean Foods key dairy brands
- Table 6.13: Unilever key milestones
- Table 6.14: Unilever dairy financial performance, (€m), 2004-06
- Table 6.15: Unilever business segment performance, (€m), 2006
- Table 6.16: Unilever key dairy brands
- Table 7.17: Lactalis key milestones
- Table 7.18: Lactalis financial performance, (€m), 2006-07
- Table 8.19: DFA key milestones
- Table 8.20: DFA financial performance, ($m), 2004-06
- Table 9.21: Arla Foods key milestones
- Table 9.22: Arla Foods dairy financial performance, (DKKm), 2005-07
- Table 9.23: Arla Foods business segment performance, (DKKm), 2007
- Table 9.24: Arla Foods key dairy brands
- Table 10.25: Kraft Foods key milestones
- Table 10.26: Kraft Foods dairy financial performance, ($m), 2005-07
- Table 10.27: Kraft Foods dairy business segment performance, ($m), 2005-07
- Table 10.28: Kraft Foods business segment performance, ($m), 2007
- Table 10.29: Kraft Foods dairy key brands
- Table 11.30: Friesland Foods key milestones
- Table 11.31: Friesland Foods dairy financial performance, (€m), 2006-07
- Table 11.32: Friesland Foods business segment performance, (€m), 2007
- Table 11.33: Friesland key dairy brands
- Table 12.34: Parmalat key milestones
- Table 12.35: Parmalat dairy financial performance, (€m), 2006-07
- Table 12.36: Parmalat dairy business segment performance, (€m), 2006-07
- Table 13.37: Bongrain snapshot
- Table 13.38: Bongrain dairy financial performance, (€m), 2004-06
- Table 13.39: Morinaga Milk Industry snapshot
- Table 13.40: Morinaga Milk Industry dairy financial performance, (m), 2004-06
- Table 13.41: Campina snapshot
- Table 13.42: Campina dairy financial performance, (€m), 2004-06
- Table 13.43: Meji Dairies snapshot
- Table 13.44: Meiji Dairies dairy financial performance, (m), 2005-07
- Table 13.45: Land O' Lakes snapshot
- Table 13.46: Land O'Lakes dairy financial performance, ($m), 2004-06
- Table 13.47: Saputo snapshot
- Table 13.48: Saputo dairy financial performance, (C$m), 2005-07
- Table 13.49: Sodiaal snapshot