Triton Market Research predicts that the global organic dairy food & beverage market will rise with a CAGR of 11.10% during the forecast period 2019-2028. The market has been valued at $18.15 billion in the year 2019, and is expected to rise to a revenue of about $46.81billion by the year 2028.
Organic milk collected from livestock is used as a raw material, which is then used by manufacturers to make organic dairy food and beverages. These mainly include products such as yogurt, milk, cheese, ice cream and butter.
Triton Market Research’s report on the organic dairy food & beverage market provides an in-depth insight into the market. The detailed analysis of the market includes the key market insights, Porter’s five force analysis, key impact analysis, and market attractiveness index.
Factors such as the rising awareness about health concerns and the emergence of environment protection, technological advancements in development are expected to foster the growth of the market during the forecast period. Advances in microbiological technology, membrane technology, as well as analytical technology, are helping the organic dairy food and drinks market to produce technologically advanced products, such as organic milk, which contains a high amount of antioxidants, healthy fatty acids like DHA (docosahexaenoic acid), and omega 3. Innovative products such as buttermilk, flavored milk, cottage cheese, yogurt, sour cream, and fruit toppings are added, which are helping to boost the growth of the market. For example, Greek yogurt has been added to the organic dairy product market, which is low in fat and sugar as compared to traditional yogurt. Its popularity contributed to the rise in the overall consumption of organic dairy products.
Furthermore, government initiatives to encourage organic dairy farming and innovative organic dairy products are expected to act as some opportunities for the market. Due to the shortage of organic dairy products, the governments and organic dairy industry have launched initiatives to encourage farmers to transition from conventional farming techniques to organic. To promote the growth of this industry, there are many initiatives taken by these governments, such as low interest rates, loan facilities, and financial incentives, for farmers to transition to organic methods. Stonyfield Farms and Organic Valley, which manufacture organic dairy products, have established funds and spent about $2 million on incentives to help dairy farmers transition to organic. Also, they are providing farmers with access to organic agronomic resources.
Organic food and drinks are more expensive because of a more lengthy regulatory process, complicated growth, and packaging. As organic dairy products are process-based products, it costs the farmer more to produce these products, and hence, the cost of organic dairy food and drinks is higher. In addition, producing a product that is free from chemicals, antibiotics, and drugs, and which is produced naturally and guarantees the highest animal welfare, will certainly cost more. The volume of milk provided by each organic cow is low, and so, the cost of organic products is higher, and is acting as one of the factors that can negatively impact the market growth of organic dairy products. This is one of the major restraints faced by vendors in the market. Furthermore, the shorter shelf life of organic dairy products, huge R&D investments, stringent approval process, fluctuations in the supply of organic raw materials, and the threat from substitute products are some of the key restraining factors of the organic dairy food & beverage market.
Key geographies covered in global organic dairy food & beverage market are:
• North America: United States and Canada
• Europe: United Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe
• Asia-Pacific: China, Japan, India, Australia, South Korea, ASEAN Countries, and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and Rest of Latin America
• Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle East & Africa
The report on the global organic dairy food & beverage market includes segmentation analysis on the basis of type and distribution channel.
• Market by Type:
o Organic Milk
o Organic Yogurt
o Organic Cheese
o Other Organic dairy food
• Market by Distribution Channels:
o Supermarkets/hypermarkets
o Health food Stores
o E-commerce
o Others
The key companies profiled in the organic dairy food & beverage market report include Stonyfield Farm Inc, Safeway (Albertsons Companies Inc), Straus Family Creamery, Danone SA (Horizon Organic), FrieslandCampina, Chobani LLC, Organic Valley, BJs Wholesale Club Inc, Unilever, and General Mills Inc.