Albany, NY — According to a new market report published by Transparency Market Research " Organic Dairy Products Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019", the market was valued at USD 11.16 billion in 2012, and is expected to reach USD 15.90 billion by 2019, growing at a CAGR of 5.2% from 2013 to 2019. Lack of adequate power infrastructure and increasing demand for reliable electricity delivery are the major driving forces of this market.
The global demand for organic foods and beverages has been steadily increasing over the last decade. Growing awareness regarding health benefits as well as the adverse affects of pesticide residues have been the key factors behind this growth. Owing to this surge, organic farmland and production has doubled in the last five years. Organic dairy foods, which include milk, yoghurt, cheese, butter and ice-cream accounted for 19% of the total market, amounting to sales of around USD 8,987.7 million in 2011. The market is dominated by U.S. and Europe, which together accounted for 93.1% of the global demand in 2011. The U.S. and Europe organic dairy sector continues to show steady growth, growing overall by 8.2% and 7.9% respectively during 2012.
South Korea is witnessing continuous growth in consumption of organic dairy products and is expected to grow robustly from 2011 to 2017. The South Korean organic dairy market is predicted to reach USD 418.6 million by 2017. Consumers in South Korea are increasingly willing to purchase organic dairy products as they become more aware of the importance of healthy eating.
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