Ann: Presentation - FY2022 Full Year Result, page-2

BGA shows a new category in its market share analysis, 'plant-based milk' (not 'milk' in my view) that in FY 22 had category growth of a high 11.4 per cent with BGA's market share at a not insubstantial 26 per cent for this A$380 million category across all competitors' plus BGA's sales.

In fresh white milk, BGA decreased its share of sales from 13 to 12 per cent, but this category in FY 22 across all processors grew 1.4 per cent. Still, in a year when for instance Victoria's population went backwards and Australia overall grew at much less than in previous years, that's not bad.

The yoghurt category saw BGA slightly lose share, down from 25 to 25 per cent, but this category overall grew by more than six per cent, from total all manufacturers' sales of A$1,472 billion in FY 21 to A$1.563 billion in FY 22.

In the spreads category - 'we love our Vegemite, and I can't get enough of BGA 'Simply Nuts' peanut butter - BGA's market share rose from 31 to 32 per cent. This hides how in peanut butter it's previously been revealed a year or so ago that BGA enjoys an incredible 83 per cent market share. As someone previously said on 'HC' kids say 'only the red and yellow jar is any good, Mum!'

In chilled juice the BGA share dropped from 24 to 23 per cent, in creams and custards from 11 to 10 and in water ices from 82 to 81, but sales rose in the latter across the total of all manufacturers.

Some of the slight declines may well be due to how BGA's chilled distribution network (the largest in Australia, eat your heart out WOW's PFD) would have been adversely affected by lockdowns in Victoria and NSW especially, killing overnight part of what used to be called the 'route trade' (small independents such as former milk bars, now more about branded petrol stations, restaurants, cafes and foodservice to offices, pubs and the like).