The rising trend of recreating desserts at home for indulgence purposes, despite a marginal shift back to foodservice due to pent-up demand, is driving retail sales of condensed milk. Australians are wary of the rising cost of living, and pressures on household spending means that the habit of visiting restaurants is unlikely to return to pre-pandemic levels in the short term.
The pandemic, related trading restrictions, border closures, subsequent supply chain challenges and acute shortage of labour have negatively impacted the local hospitality and foodservice industry over the past two years. Damage caused by extensive flooding over the 2021/22 summer season, and poor harvests following heavy rains in Queensland and New South Wales have impacted food supplies and prices have skyrocketed in Australia.
The dessert and snacking categories within other dairy are very similar to yoghurt as healthy indulgence options with a premium taste. The similarities between consumption occasions of yoghurt and other dairy varieties such as chilled dairy desserts or fromage frais and quark can negatively affect sales of the latter.
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This is the aggregation of chilled and shelf stable desserts, chilled snacks, coffee whiteners, condensed/evaporated milk, cream, and fromage frais and quark.See All of Our Definitions
This report originates from Passport, our Other Dairy research and analysis database.
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