LONDON — According to the latest market study released by Technavio, the global organic dairy products market is expected to grow at a CAGR of almost 8% during the forecast period.
This research report titled ‘Global Organic Dairy Products Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The global organic dairy product market is growing rapidly due to various reasons, one of which being the increasing consumer focus of many developed and developing markets on health and wellness segments. Consumers have started to spend more on healthy food products. The rising annual household income per capita, increasing middle-class population, and changing lifestyles have resulted in healthy diet preferences. This is affecting the global organic dairy products market favorably. Also, the concerns regarding contaminants in non-organic/regular milk have resulted in the increasing demand for organic milk.
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Technavio’s food and beverage research analysts categorize the global organic dairy products market into the following segments by product. They are:
- Organic milk
- Organic cheese
- Organic yogurt
- Others
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The top three revenue-generating product segments of the global organic dairy products market are discussed below:
Organic milk
The demand for organic milk is increasing rapidly across countries. One of the key reasons for the demand is the preference for dairy products made using sustainable methods. Organic milk is produced from livestock raised according to organic farming methods.
According to Akash Pandey, a lead food research analyst from Technavio, “Due to the growing demand and market potential, more farmers are turning to organic dairy farming and manufacturers are offering various types of organic milk like organic whole milk, organic fat-free milk, organic low-fat milk, organic high protein milk, organic lactose-free milk, and others. For instance, in 2016, Arla Foods, one of the largest organic dairy product manufacturer in Europe launched Arla BOB, a fat-free milk product. The launch was part of the company plan to add value to milk through innovative product launches.”
Organic cheese
The demand for organic yogurt is rising, as consumers are looking for indulgent products. This is also the key reason behind the growth of the global organic yogurt market. Owing to busy lifestyles due to the increased working population, consumers are inclining toward indulgent products. Due to their preference for healthy products, they consume organic yogurt. This tendency is affecting the global organic dairy products market positively.
“Considering the demand for organic dairy products among consumers, manufacturers are focused on coming up with new flavors in organic yogurts. For example, in 2015, Organic Valley launched Organic Valley Grassmilk Yogurt in plain and vanilla flavors. This product appeals to people looking for outstanding flavor, nutritional benefits, and on-the-go consumption,” adds Akash.
Organic yogurt
The organic cheese manufacturers are planning to introduce organic cheese as a nutritious food made from grass-fed cows free from artificial growth hormones. They are promoting organic cheese like string and stick cheeses as on-the-go snacks.
Consumers look for various flavors of organic cheese. Flavors that have spice, pepper, smokiness, and heat are expected to hit the market soon, as they have been predicted as the most demanded flavors for cheese products for 2017. Consumers in the Americas are considering organic cheese as an indulgent food product and have started to avoid conventionally processed cheese.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Arla Foods
- Organic Valley
- THE WHITEWAVE FOODS
- Whole Foods Market
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Source: Technavio
