Global Organic Dairy Market to Exceed $28 Billion by 2024, with Organic Fluid Milk Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 7, 2019--The “Organic Dairy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.
The global organic dairy market reached a value of US$ 19.4 Billion in 2018, registering a CAGR of around 8% during 2011-2018.
On account of the growing prevalence of chronic and lifestyle diseases, consumers are becoming aware about the effects of the consumption of synthetic ingredients. As a result, there has been a rise in the demand for organic dairy products worldwide.
The governments of numerous countries are encouraging organic farming practices among conventional farmers by launching educational campaigns and providing technical as well as monetary assistance. For instance, the Government of India is offering incentives for the cultivation of natural food products under the National Horticulture Mission. Similarly, the EU has adopted new rules for organic production and labeling to guarantee fair competition for farmers and operators.
Apart from this, improving distribution and supply chain of organic dairy products in confluence with the burgeoning online food retail sector is increasing the accessibility to these products around the world. Further, technological advancements for developing innovative products with low fat and reduced levels of sodium and sugar are anticipated to drive their demand in the upcoming years.
Owing to these factors, the global organic dairy market is further projected to reach levels worth US$ 28.7 Billion by 2024, growing at a CAGR of around 7% during 2019-2024.
Breakup by Product Type:
- Fluid Milk
Organic fluid milk currently accounts for the majority of the total global market.
Breakup by Packaging Type:
Tetra-packs are considered ideal for the packaging of dairy products as they aid in preserving their overall nutritional value for a longer time.
Breakup by Distribution Channel:
- Discount Stores
- Convenience and Grocery Stores
- Organic Specialty Stores
- Direct Sales
Supermarkets represent the largest segment as they attract more buyers and are generally located in the central parts of cities. They have also gained popularity due to the availability of more shelf-space and a large number of products to choose from.
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Europe enjoys the leading position in the market on account of the rising demand for organic food products in the region. In order to balance the current supply and emerging demand for these products, a large part of Europe’s agricultural land is being managed for organic farming.
The market is fragmented in nature owing to the presence of a large number of global as well as regional manufacturers who are competing against one another in terms of prices and quality. There is a tough competition in the market which makes it difficult for the local players to survive. Some of the leading market players include:
- Arla Foods A.M.B.A
- Aurora Organic Dairy
- Organic Valley
- Horizon Organic
- Whole Foods Market
Key Questions Answered:
- How has the global organic dairy market performed so far and how will it perform in the coming years?
- What are the key regions in the global organic dairy market?
- Which are the popular product types in the global organic dairy market?
- What are the various distribution channels in the global organic dairy market?
- What are the major packaging types in the global organic dairy market?
- What are the price trends of organic dairy products?
- What are the various stages in the value chain of the global organic dairy industry?
- What are the key driving factors and challenges in the global organic dairy industry?
- What is the structure of the global organic dairy industry and who are the key players?
- What is the degree of competition in the global organic dairy industry?
For more information about this report visit https://www.researchandmarkets.com/r/4gi1gq
View source version on businesswire.com:https://www.businesswire.com/news/home/20190507005797/en/
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Related Topics:Dairy Products,Organic Foods
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/07/2019 11:29 AM/DISC: 05/07/2019 11:29 AM