Competitive benchmarking Of Organic Dairy Products Market With Forecast 2028

Global organic dairy products market was valued US$ 12 Bn in 2017 and is expected to register a CAGR of 7.2%.Increasing popularity of organic products owing to heath awareness among the people is expected to be major factor driving growth of the global organic dairy products market.

More than 50% of the people in North America and Europe prefer organic products. Increasing obesity rate in these region make the households to go for organic products rather than other substitutes.

Health benefits associated with consumption organic dairy products is expected to be another factor driving market growth. Organic dairy products contain omega 3 fats such as linolenic acid, eicosapentaenoic acid (EPA), and docosapentaenoic acid (DHA) which are essential fatty acids for humans.

Manufacturers has to obtain milk from cow that has not been treated with antibiotics or growth hormones and further, has to be fed with organically grown feed which increases the production costs and affect market growth.

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The availability of organic dairy products due to growing prominence of organized retail, coupled with increasing global connectivity is expected to boost the demand for organic dairy products. Major retail players such as Walmart, Carrefour, Costco, Schwarz Group, Tesco, Kroger, Aldi, Auchan, etc., has helped to create awareness regarding the organic dairy products which is expected to fuel market growth.

Growing awareness regarding the benefits of organic milk through promotional activities is expected to boost the market. Increasing adoption for organic milk in foodservice sector namely by McDonalds and Pret a Manager is estimated to boost the sales of organic milk.

Dominance by Europe market is expected to continue over the forecast period and is expected to grow with a CAGR over 6.4%.

According to Agriculture and Agri-food Canada, some European governments encourage milk consumption by supplying milk in schools to children to fulfil their dietary requirements.

North America is expected to be fastest growing region in the global organic dairy products market. As per the standards of USDA’s National Organic Program (USDA, Agricultural Marketing Service, 2008a) to become a certified organic dairy, the cropland providing feed to the dairies must be organically managed for 36 months. The feed given to the animals should be 100% organic.

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