Research

Milk protein scarcity challenges Australian dairy’s cheese-centric model

11 August 2026 16:34 RaboResearch

For Australia's dairy sector the key strategic challenge is determining what mix of products creates the greatest value from an increasingly scarce pool of dairy protein.

Intro

Australia’s dairy industry has built a relatively stable and resilient model around cheese as a core product. That concentration has delivered clear benefits, but its success is creating a new strategic challenge. The cheese sector now sits at a critical inflection point. This means the next wave of value creation will depend on how effectively it monetises increasingly scarce milk protein through greater processing capability and product optimisation.

This is an exclusive article

Log in or sign up to request access