Organic Dairy Food and Drinks Market Analysis with Size, Manufacturers, Applications and Forecast Research Report
According to a new report published by KD
Market Insights, titled,"Organic
Dairy Food and Drinks Market by Type:
Global Opportunity Analysis and Industry Forecast, 2019 - 2026,"the global
organic dairy food and drinks market size was valued at $17,849.0 million in
2018 and is projected to reach $38,765.0 million by 2025, to register a CAGR
of 10.2% during the forecast period. Organic milk is the most
prominent category in the type segment in the global organic dairy food and
drinks market and is projected to grow at a steady CAGR of 10.0% through 2019-2026.
Organic dairy food and drinks are manufactured by using organic milk as a raw
material collected from livestock with the help of organic farming methods. It
mainly includes perishable products such as milk, yoghurt, cheese, butter, and
ice cream, which are used on a daily basis by consumers. Factors such as unique
nutrient package and benefits provided by dairy food and drinks, make them an
important part of a consumer’s life. The global market of organic dairy food
and drinks is driven by the continuous introduction of innovative organic dairy
products such as energy-based milk drinks and flavored organic milk drinks.
The demand for organic dairy food and drinks
has been steadily increasing. Growth in health awareness among consumers is one
of the key driving factors for this market. In addition, food safety,
environmental protection, animal welfare, and increase in use of natural and
organic products are other major factors contributing to the growth of this
market. Moreover, rise in purchasing power of consumers, improved standard of
living, and initiatives taken by government associations such as low interest
rates and loan facilities, are also driving the growth of this market in
developing countries. However, high price of organic dairy products, private
labels faking organic dairy products labels, lack of promotion, and increase in
R&D cost hamper the organic dairy food and drinks market growth.
According to the organic dairy food and drinks
market forecast in 2018 the organic milk was the highest revenue-generating
segment and accounted for $8,132.9 million in the organic dairy food and drinks
market share in 2018. However, the organic yogurt segment is expected to
witness the fastest growth during the forecast period at a CAGR of 11.0% from
2019 to 2026 and attain a market size of $6,107.0 million by 2026.
Based on region, the organic dairy food and
drinks industry is segmented into North America, Europe, Asia-Pacific, and
LAMEA. In 2018, North America generated the highest revenue valued at $8,148.1
million in organic dairy food and drinks market share in 2018. This region is
further expected to attain a market value of $17,773.8 million by 2026, growing
at a CAGR of 10.3%. North America is expected to maintain its dominant position
throughout the forecast period. LAMEA and Asia-Pacific are the emerging regions
in the organic dairy food and drinks market and are expected to garner a
cumulative share of 19.9% in 2026 growing at a CAGR of 10.0% and 8.6%
respectively from 2019 to 2026.
Browse Full Report & TOC: https://www.kdmarketinsights.com/product/organic-dairy-food-and-drinks-market-amr
Key findings of the Organic Dairy Food
and Drinks Market:
- Based on type, the organic milk segment in
the organic dairy food and drinks market was valued at $8,132.9 million in 2018
and is expected to grow at the highest CAGR of 10% from 2019 to 2026.
- Based on type, the organic yogurt segment was contributed $2,661.3 in 2018 and is estimated to grow at a CAGR of 11% from 2018 to 2025.
- Based on type, the organic cheese segment in the organic dairy food and drinks market is expected to grow at a CAGR of 10.6 % to reach $7,591.9 million in 2026.
- Based on type, other organic dairy food and drinks accounted for 20.5% of the organic dairy food and drinks market share in 2018 and is estimated to grow at a CAGR of 9.7% from 2019-2026.
- In terms of value, North America and Europe contributed a significant high market share in 2018.
- Based on type, the organic yogurt segment was contributed $2,661.3 in 2018 and is estimated to grow at a CAGR of 11% from 2018 to 2025.
- Based on type, the organic cheese segment in the organic dairy food and drinks market is expected to grow at a CAGR of 10.6 % to reach $7,591.9 million in 2026.
- Based on type, other organic dairy food and drinks accounted for 20.5% of the organic dairy food and drinks market share in 2018 and is estimated to grow at a CAGR of 9.7% from 2019-2026.
- In terms of value, North America and Europe contributed a significant high market share in 2018.
The key players profiled in
the report include BJ's Wholesale Club Inc, Chobani, LLC, Danone (horizon organic),
General Mills, Inc., Organic Valley Cropp Cooperative, Royal FrieslandCampina
N.V., Safeway Inc., Stonyfield Farm, Inc., Straus Family Creamery, and Unilever
Group
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