Organic Dairy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Organic dairy products are obtained from livestock raised through organic farming methods. These products are rich in natural anti-oxidants and have several health benefits as compared to the non-organic dairy products. In addition, organic dairy livestock is raised without pesticides, antibiotics or hormones which can easily be transferred to the milk, decreasing its nutritional quality. According to IMARC Group’s latest report, titled “Organic Dairy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the organic dairy market reached a value of around US$ 18 Billion in 2017, exhibiting a CAGR of nearly 8% during 2010-2017.
The growing awareness about the excessive use of fertilizers, pesticides, and hormones such as bovine growth hormone (BGH) and recombinant bovine somatotropin (rBST) in non-organic dairy products is one of the major drivers for the growth of the organic dairy market. Rising health concerns among consumers regarding the consumption of synthetic ingredients coupled with increase in the prevalence of diseases such as diabetes, blood pressure, etc. have prompted a shift towards organic dairy products. Technological advancements to develop ingenious products with low fat and reduced levels of sodium and sugar have also driven the demand for these products. Owing to these factors, the market is further expected to reach a value of US$ 28 Billion by 2023.
The report has segmented the market on the basis of product type, covering fluid milk, yogurt, cheese, butter and cream. Currently, organic fluid milk is the most popular product type, accounting for the majority of the total global market. Further, the report provides an analysis of the market on the basis of packaging type. On a regional basis, the report includes Europe, North America, Asia Pacific, Latin America and Middle East. Currently, Europe represents the largest region, accounting for more than a half of the total global market. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are Horizon Organic, Organic Valley, Whole Foods, Kroger and Aurora Organic Dairy.
This report provides a deep insight into the global organic dairy industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the organic dairy industry in any manner.
Key Aspects Analysed:
Trends and dynamics in the global organic dairy market. Major product types and their current and future market potential. Key drivers/restraints and their impact on the current and future market scenario. Examination of the competitive landscape.
Types of Organic Dairy Products Covered in This Report: