These agreements, established in 2001, allow Fonterra to use Bega’s brand on dairy products such as butter and cheese.
The market is projected to reach a volume of 132,000 tons and a value of US$282 million by 2035
The versatility of these products, used in everything has broadened their appeal.
The company attributed its success to a balanced contribution from volume growth of 1.9% and price increases of 2.4%.
The market, valued at US$20.6 billion in 2024, is expected to expand with a compound annual growth rate (CAGR) of 2.4% in value