The Dairy Product Manufacturing industry in Australia processes and manufactures milk and cream into various dairy products such as butter, cheese, yoghurt, and other dairy desserts. The industry also includes the production of dairy substitutes made from soy, rice, and other plant-based sources. Some of the key players in the industry in Australia include Fonterra Co-operative Group Limited, Murray Goulburn Co-operative Co. Limited, Parmalat Australia Pty Ltd, and Lion Dairy & Drinks Pty Ltd.
The industry has faced some challenges in recent years due to fluctuating milk prices and changing consumer preferences towards plant-based dairy substitutes. However, there has also been growth in the industry due to increased demand from export markets, particularly in Asia. Overall, the industry continues to be an important part of the Australian food and beverage manufacturing sector, providing employment opportunities and contributing to the country's economy.
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