The global organic milk market is expected to rise significantly as the demand for natural and organic food products increases.
Organic products are the driving force for the global food and beverage industry as consumers are switching preference from the consumption of artificial or synthetic food items.
Organic milk is a dairy product obtained from animals fed with mainly organic feeds. These animals lack synthetic feed or treatment in their diets.
The global organic milk market is expected to rise significantly as the demand for natural and organic food products increases.
Milk provides the essential nutrients needed for the growth and development of consumers globally.
Growing popularity among consumers regarding the health benefits associated with the consumption of organic food has a positive impact on the global organic milk market’s growth.
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Demand for organic milk is slated to quadruple during the forecast period as consumers’ disposable income in developed and developing nations is increasing.
Also, the burgeoning demand for convenience food items is expected to drive the growth of the market
Time-saving food products have substituted almost all food available worldwide due to the consumers’ changing lifestyle and inability to cook.
Consumers are more involved in hectic lifestyles, which drains their energy and makes them lazy.
Organic Milk Market Growth Drivers
Rising consumers’ preference for organic food items coupled growing population size of unhealthy consumers with diseases such as diabetes, high blood pressure, cardiovascular diseases, obesity and others, are the key factors fostering the growth of organic milk market globally.
Many entrepreneurs are venturing into the organic space with huge sum of money for product innovation, research development, and the likes to drive the industry forward during the forecast period.
The introduction of clean labels to the global market has further influenced the growth of the market as consumers’ confidence regarding the impact of what they consume is being rejuvenated.
Besides, the availability of raw materials needed for the production of organic milk is a significant force expected to fuel the growth of the global organic milk market.
Cattle that have been fed with organic nutrients devoid of antibiotics is the main source of organic milk.
With the report from the World Health Organization (WHO) regarding the adverse effect of the consumption of cattle fed with antibiotics has created the surge in demand for organic milk in the global market. In a few years, the market is anticipated to record a double-digit CAGR.
Organic Milk Market Restraint
The organic milk market is not without it’s challenges which are expected to pose a threat to the global market during the forecast period.
Major factors such as the presence of affordable alternatives is a strong force anticipated to restrain the growth of the market. Recent research showed that consumers value opportunity cost ahead of quality.
Organic Milk Market: Region-wise Analysis
North America dominates the global organic milk market after accounting for the largest market share few years ago with the United States acting as the growth driver.
The rising awareness regarding the health benefits of natural products is the key factor fueling the growth of the industry in the United States.
Europe is another large market for organic milk due to the rising disposable income of consumers in the region.
The Asia Pacific is anticipated to be the fastest growing market during the forecast period. Rising population of consumers and consumers’ changing lifestyles are factors driving the industry’s growth in the region.
Organic Milk Market: Competitive Landscape
Leading companies in the organic milk market are adopting new business strategies like merging acquisition, partnership, and product innovation to help fuel the growth of the market.Companies operating in the global market include;
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Organic Milk Market Segment Analysis
The global organic milk market can be segmented on the following basis
By Type
By Pasteurization
By Source
By Flavor
By Packaging
By Distribution Channel
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Oct 25, 2022