A Triton Market Research report states that the Asia-Pacific organic dairy food & beverage market is expected to grow in terms of revenue with a CAGR of 10.86% during the forecast period 2019 to 2028.
The countries studied in this market include:
• India
• China
• Japan
• South Korea
• ASEAN countries
• Australia & New Zealand
• Rest of APAC
With the growing number of food scandals taking place, consumers in China have become more health-conscious. With growing disposable incomes, they are now able to afford organic dairy products. China’s organic dairy market is thus witnessing dynamic growth, especially in the urban areas. The country imports large quantities of organic dairy products from France, the US, New Zealand, and the Netherlands. The growing purchases of these products have helped develop its retail sector. Organic yogurt, organic cream, and organic cheese are widely consumed.
Furthermore, there is growing awareness in Chinese public regarding the use of pesticides, fertilizers, and bovine growth hormone (BGH). Therefore, several consumers have switched over towards healthier, organic alternatives. Owing to this, there is an increasing demand for organic dairy products. It can thus be said that, the rapid rate of urbanization, growth in consumers’ disposable incomes, large-scale food adulteration, and growing public consciousness have bolstered the growth of China’s organic dairy food & beverage market.
These days, people are becoming increasingly conscious about healthy eating and healthy living. Thus, natural & organic foods are growing in popularity. The organic food industry is booming in India, at present. This can be easily observed by visiting a local supermarket and checking the shelves of organic products. Organic milk, in particular, in largely popular in India. Brands selling organic milk have certifications from authorities such as FSSAI, Agmark, and ISO. Hence, the organic dairy food & beverage market in India is expected to flourish over the coming years.
Danone is a food company offering fresh dairy products, yogurts & fermented fresh dairy products, as well as specialized dairy products. It sells its products under the brands like Danio, Oikos, Danonino, Activia, Danoninho, Fruchtswerge, Serenito, Danimals, Tëma, Danacol, Actimel, Densia, Danette, Danissimo, Fantasia, Vitalinea, YoCrunch, Taillefine and Ser, and Light & Fit brands. Danone has a notable presence in the Asia-Pacific. Its subsidiary, Horizon Organic, sells organic dairy foods and drinks.
The top key players in the organic dairy food & beverage market are Unilever, Danone SA (Horizon Organic), FrieslandCampina, Organic Valley, General Mills Inc, Straus Family Creamery, Safeway (Albertsons Companies Inc), Chobani LLC, BJs Wholesale Club Inc, and Stonyfield Farm Inc.