According to the latest report by IMARC Group titled, “Organic Dairy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 19.4 Billion in 2018. Looking forward, the market is expected to reach a value of US$ 28.7 Billion by 2024, exhibiting a CAGR of around 7% during 2019-2024.
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Organic dairy products are obtained from the livestock such as cow and sheep that are raised through organic farming methods. Rich in vitamins, omega-3 fatty acids and anti-oxidants, these products are chemical free and do not contain any synthetic ingredients.
Owing to the growing health consciousness among consumers, the demand for organic dairy products has steadily increased in recent years. Since they do not contain any preservatives, organic products have proven to offer numerous health benefits, such as a strengthened immune system, and improved metabolism and heart health. Such advantages have augmented their demand among consumers across the globe. Furthermore, improved distribution networks and various initiatives taken by the government to promote organic farming are also driving the market growth. Additionally, improved living standards coupled with increasing purchasing power, and product innovations such as products with low fat and reduced sugar and sodium level are also contributing significantly to the market growth.
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Market Segmentation:
Breakup by Product Type:
• Fluid Milk
• Yogurt
• Cheese
• Butter
• Cream
• Others
Breakup by Packaging Type:
• Pouches
• Tetra-packs
• Bottles
• Cans
• Others
Breakup by Distribution Channel:
• Supermarkets
• Hypermarkets
• Discount Stores
• Convenience and Grocery Stores
• Organic Specialty Stores
• Online/E-Retailing
• Direct Sales
• Others
Regional Insights:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Competitive Landscape:
The report has also examined the competitive landscape of global organic dairy market. Some of the major players in the market are Arla Foods A.M.B.A, Aurora Organic Dairy, Organic Valley, Horizon Organic, Whole Foods Market, Kroger, etc.
Key highlights of the report:
• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players