Patrick Oconnell
Bega Cheese is an Australian food and drinks company that manufactures a variety of cheese products, including processed cheddar. Bega's cheese slices come in different flavours, such as pepper and smoked, and have a smooth, creamy texture and rich flavour. The company also produces other dairy products like cream cheese and powdered milk, and nutritional products under its Bega Bionutrients brand. Bega Cheese has a significant presence in the Australian market and exports its products to 40 countries worldwide.
| Characteristics | Values |
|---|---|
| Company | Bega Cheese Limited |
| Country | Australia |
| Type | Cheddar |
| Flavours | Pepper, Smoked |
| Versions | Reduced fat, Fat-free |
| Texture | Smooth and creamy |
| Ingredients | 62-65% real cheese |
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What You'll Learn
Bega Cheese Limited
Bega Cheese is a product of Bega Cheese Limited, an Australian diversified food and drinks company. Bega Cheese Limited was founded as an agricultural cooperative in the town of Bega, New South Wales, by dairy suppliers. It became a public company in 2011 when it was listed on the Australian Securities Exchange. As of 2019, Bega Cheese Limited is one of the largest companies in the Australian dairy sector, with a base milk supply of approximately 750 million litres per annum.
The company's flagship brand, Bega, holds 15.7% of the Australian retail cheese market. Bega Cheese Limited offers a range of cheese products, including Bega Processed Cheddar, which comes in slices, blocks, and cans. These slices are individually wrapped and come in different flavours, such as pepper and smoked, as well as reduced-fat and fat-free options. Bega Cheese Limited also manufactures other dairy products, including cream cheese and powdered milk, contributing to approximately 35% of the company's revenue.
In addition to its dairy business, Bega Cheese Limited has expanded its portfolio through acquisitions and joint ventures. In 2017, the company acquired the Australian meals business from Mondelez International, gaining brands such as Vegemite, Zoosh, and Bonox, as well as licences for additional brands. Bega Cheese Limited also entered into a joint venture with Dairy Farmers, forming Capitol Chilled Foods. Furthermore, the company has made strategic purchases, including Lion Dairy & Drinks from Kirin Company in 2020, and the businesses and certain assets of Betta Milk and Meander Valley Dairy from TasFoods Limited in 2023.
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Cheddar and other varieties
Bega Cheese is a diversified food and drinks company based in Australia, manufacturing a range of cheese products, including the popular Bega Processed Cheddar. This variety, Bega Processed Cheddar, is a flavoursome, smooth and creamy cheese available in slices or blocks. Each slice contains 62-65% real cheese and comes individually wrapped, making it a convenient and tasty option for consumers.
In addition to their processed cheddar, Bega Cheese offers a diverse selection of other cheese varieties. Some of these include the Binnorie Marinated Fetta, Edith, Gippsland Blue, Maffra Mature Cheddar, Mountain Goat, and Yarra Valley Vintage Savourine. These cheeses vary in texture, flavour, and type, offering consumers a wide range of choices to suit different tastes and preferences.
The company also produces a range of other dairy products, such as cream cheese and powdered milk, contributing significantly to their revenue. Furthermore, they have expanded their portfolio by acquiring other well-known brands, including Vegemite, Dare Iced Coffee, Dairy Farmers, and Farmers Union, solidifying their presence in the Australian market.
Bega Cheese has a strong presence in the Australian market, with their flagship Bega brand holding a significant share of the retail cheese market. Their products are distributed across Australia and exported to 40 countries, showcasing their popularity and reach. With a commitment to innovation and a diverse range of products, Bega Cheese has become a leading name in the Australian dairy industry.
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Bega Group's revenue sources
The Bega Group is an Australian food and drinks company that was founded as an agricultural cooperative in the town of Bega, New South Wales, by dairy suppliers. It became a public company in 2011 when it was listed on the Australian Securities Exchange. The Bega Group's revenue comes from a variety of sources, including:
Spreads, Dairy Consumer Packaged Goods, and Grocery Products
Over half of the Bega Group's revenue (as of 2019) comes from these product categories. The Bega brand holds a significant share of the Australian retail cheese market, at 15.7%. The company's other major consumer and foodservice packaged goods brands include Vegemite, Farmers Table, Zoosh, Picky Picky, Tatura, and Dairymont.
Exports
Just under a third of the Bega Group's revenue (as of 2019) comes from exports. The company's cheese products are exported to 40 countries and are available in most supermarkets and general stores across Australia.
Bulk Core Dairy Ingredients
This segment includes cheese, cream cheese, and powdered milk, contributing approximately 35% of the company's revenue.
Nutritional Products
Nutritional products produced under the Bega Bionutrients brand, such as lactoferrin and milk protein concentrate, account for around 9% of the company's revenue.
Strategic Acquisitions
The Bega Group has expanded its portfolio through strategic acquisitions, such as Lion Dairy & Drinks, Vegemite, Dare Iced Coffee, Dairy Farmers, Farmers Union, and Zooper Dooper. These acquisitions have diversified the company's revenue streams and enhanced its market presence.
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Bega Group's business acquisitions
Bega Cheese is made from milk, dijon mustard, and cheddar-style cheese. The Bega Group, the company behind the famous cheese brand, is an Australian food and drinks company with a diverse range of products and manufacturing sites across several states. The group has a strong focus on dairy, with cheese being a key product, and has been strategically acquiring businesses and expanding its portfolio over the years.
One of the notable acquisitions by the Bega Group was in 2009 when they acquired the cheese manufacturing facility of Kraft Foods in Victoria. This move allowed them to expand their cheese-processing capabilities and establish a strong presence in the local market.
In 2011, the Bega Group became a public company and was listed on the Australian Securities Exchange (ASX). Following this listing, they further strengthened their position in the dairy industry by acquiring the remaining 30% of Tatura Milk, making it a wholly-owned subsidiary.
The group continued its expansion in 2014 by commissioning a life stage nutritional canning and blending plant in Victoria. They also acquired the Australian meals business from Mondelez International in 2017, adding well-known brands such as Vegemite, Zoosh, and Bonox to their portfolio, along with licenses for Kraft-branded cheese and peanut butter.
More recently, in 2020, the Bega Group raised significant funds to purchase Kirin's dairy products, including Dairy Farmers and Pura Milk. This move solidified their position in the dairy sector and brought together several iconic brands under the Bega Group banner.
In August 2023, the group continued its strategic growth by acquiring Betta Milk and Meander Valley Dairy brands from TasFoods for $11 million. This acquisition aligned with their goal of building a portfolio of branded products and strengthening their presence in the Tasmanian market.
Through these acquisitions and strategic decisions, the Bega Group has transformed from a dairy cooperative to a diversified food and beverage company, positioning itself for higher and more consistent earnings. The group's focus on brand-led growth and commitment to sustainability have contributed to its success and established it as a leading player in Australia's dairy and food sector.
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Bega Cheese exports
Bega Cheese is a diversified food and drinks company based in Australia. It was founded as an agricultural cooperative in the town of Bega, New South Wales, by dairy suppliers. Bega Cheese has since expanded its operations and now has manufacturing sites in multiple Australian states, including New South Wales, Queensland, Western Australia, and Victoria.
As of 2019, Bega Cheese exports its products to 40 countries worldwide, contributing to just under a third of the company's revenue. The company's export business plays a significant role in its overall performance, helping to establish Bega Cheese as one of the largest dairy companies in Australia.
Bega Cheese's export products include a range of cheese varieties, such as cheddar, shanklish, soft, and firm cheeses. They also offer processed cheese slices under the Bega Slices brand, which have a smooth and creamy texture and come in different flavours like pepper and smoked varieties. Additionally, Bega Cheese provides bulk core dairy ingredients, including cheese, cream cheese, and powdered milk, which make up approximately 35% of their revenue.
The company's export strategy has been instrumental in expanding its reach beyond the Australian market. By distributing their products internationally, Bega Cheese has gained a global presence and diversified its customer base. This has likely contributed to the company's overall success and financial growth, solidifying its position as a significant player in the Australian dairy industry.
Bega Cheese's exports have also helped to increase the brand's recognition and market share. As of 2019, the Bega brand held 15.7% of the Australian retail cheese market. The company's exports have likely played a role in this market share, as international sales and distribution can enhance brand visibility and consumer awareness.
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Frequently asked questions
Bega Cheese is made of milk. The company produces a variety of cheese products, including cheddar, feta, brie, blue cheese, and more.
The main ingredient of Bega Cheese is milk.
Bega Cheese uses milk from dairy suppliers in Australia.
In addition to milk, Bega Cheese uses a variety of other ingredients in its products, including cultures, enzymes, and spices.
