Thematic Intelligence: Dairy and Dairy Alternatives Sector Scorecard

Thematic Intelligence: Dairy and Dairy Alternatives Sector Scorecard

Summary

This report provides an overview of the key themes impacting the dairy and alternatives industry. It assesses what is happening within each theme, how well key players are performing in each theme, and how the theme will evolve in future.

Dairy companies face significant macroeconomic challenges but continue to invest heavily in the health and wellness theme, delivering value for money through advanced product formulations. Faced with volatile markets, dairy companies are also prioritizing supply chain management to maintain good relationships with dairy farmers and retailers while also delivering a greater range of products to the consumer. However, despite a growing need for highly advanced products and supply chains, most key dairy companies are still underperforming in technology themes such as artificial intelligence (AI) and cybersecurity.

Scope

• High pricing will continue to plague dairy companies in 2024, so it is necessary for brands to develop an accurate understanding of where to prioritize affordability versus premiumization.
• Dairy companies will also need to make a greater commitment to digitalization of the supply chain, which will alleviate cost inefficiencies and improve supply and demand forecasting.
• Improvements in the ESG theme will continue to come gradually; companies’ hands may have to be forced by regulation.
• Health and wellness is highly multi-faceted, and one area that companies will have to improve upon in the coming years is nutritional transparency as governing bodies introduce stricter product labeling laws.

Reasons to Buy

• Gain understanding of how key themes impacting your sector are evolving.
• Identify what areas of investment are a priority for your business and which actions competitors are taking.
• Be able to look ahead at how the industry will change in coming years and how to prepare for the future.