Despite Regulatory Hurdles, Europe Raw Milk Vending Machine Market to Exhibit CAGR of 12.5% in Terms of Revenue from 2016 to 2024

According to a new market report published by Transparency Market Research entitled “Raw Milk Vending Machine Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,” the Europe raw milk vending machine market is expected to reach US$ 17.97 Mn by 2024. The market is estimated to expand at a CAGR of 12.5% during the forecast period from 2016 to 2024. In terms of volume, the raw milk vending machine market stood at 421 units in 2015 and is further expected to increase at a CAGR of 13.3% during the forecast period from 2016 to 2024.

Rest of Europe is expected to be the fastest-growing regional market in terms of volume for raw milk vending machines. It is estimated to expand at a CAGR of 15.1% during the forecast period (2016–2024). Less stringent regulatory environments in smaller countries are expected to boost the demand for raw milk vending machines in Rest of Europe. Conversely, countries such as Ireland, Greece Denmark, and Norway have currently banned the sale of raw milk through vending machines.

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EU7 countries are expected to witness substantial adoption of raw milk vending machines due to significant adoption in France and Italy in the coming years. Discontinuation of milk quotas, increases in milk production, and decreases in milk prices have severely affected small dairy farmers across Europe. This makes it difficult and unprofitable for farmers to sell milk to large dairy corporations. Farmers are therefore finding new ways to increase the sale of raw milk in local markets. The adoption of raw milk vending machine in EU7 is projected to be higher than in CIS during the forecast period. This is due to slow growth in CIS owing to low demand for raw milk from the commercial sector.

DF Italia S.R.L., Brunimat GmbH, Letina Inox D.O.O., Milk Automation S.R.O., and Risto Gbr are the major players that have been profiled in the Europe raw milk vending machine market report.

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