Thursday, November 24, 2022

Organic Dairy Products Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos


 

Organic dairy products are made with organic milk from animals raised using organic farming methods. In comparison to conventional dairy products, organic dairy products have 40% more heart-healthy Conjugated Linoleic Acid (CLA) and 50% more advantageous omega-3 fatty acids. These products have various positive health effects, such as improving metabolism, lowering the risk of heart disease and cancer, reducing muscle and joint pain, and boosting immunity. As per FIBL, organic cow’s milk in Europe has increased from 2.91 million metric tons in 2009 to 5.59 million metric tons in 2019.

The Organic Dairy Products Market is expected to grow at a steady rate of around 9%. A rise in disposable income and improved living standards, coupled with the surging consumer awareness is contributing to the market growth. Also, the market is driven by the continuous introduction of innovative organic dairy products such as energy-based milk drinks and flavored organic drinks. In addition, food safety, environmental protection, animal welfare, and an increase in the use of natural and organic products are the other major factors contributing to the growth of this market.

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 According to UnivDatos Market Insights (UMI)’ research report “Global Organic Dairy Products Market”, the market is expected to witness robust growth during the forecast period (2022-2028).  Globally, 1.5 % of farmland is organic. In 2020, Australia was ranked first with an organic agricultural land area amounting to 35.69 million hectares. The land area used for organic agriculture in Australia is thus larger than the acreage of all the other leading countries combined. Australia is followed by Argentina and Uruguay, which each had areas of organic agriculture of approximately 4.45 and 2.74 million hectares, respectively. Moreover, Organic area made up 9.1 % of total EU agricultural land in 2020.  In Europe, the total area under organic farming in the EU continues to increase, and in 2020 covered 14.7 million hectares of agricultural land. Moreover, 2020, Sweden had the highest shares of organic cereals (7.1 %) and fresh vegetables (17.8 %) in its total production, while Greece had the highest share of organic bovine animals (30.3 %).

Based on product, the market is segmented into organic milk, organic cheese, organic yogurt, organic butter, and others. The organic milk segment grabbed the major market share and dominated the market in 2020. Animals that produced organic milk are predominantly fed organic feed and do not consume artificial feed or treatment in their diets. One can get the nutritional benefits of milk without exposing to chemical contaminants. Numerous studies have found that organic milk has a higher nutritional content, and even more healthy omega-3 fatty acids, and more disease-fighting antioxidants than non-organic milk.

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Based on the distribution channel, the market is categorized into hypermarkets & supermarkets, specialty stores, online, others. Among these, the hotels & restaurant segment to hold a significant share in the market in 2020. The hypermarket/supermarket segment grabbed a considerable market share in 2020. Growing number of these stores in contributing to the market growth. However, the online segment would witness the highest CAGR during the forthcoming years

North America to witness extensive growth

For a better understanding of the market adoption of the organic dairy products industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period owing to the growing number of organic farms in the countries such as the United States and Canada. As per  the U.S. Department of Agriculture’s National Agricultural Statistics Service, There were more than 14,000 certified organic farms in the United States in 2016 which increased to 16,585 in 2019. However, the Asia-Pacific region would witness the highest CAGR during the forthcoming years.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Organic Dairy Products market are Chobani LLC, General Mills Inc, Safeway Inc, BJ's Wholesale Club Inc, Straus Family Creamery, Unilever Group, Stonyfield Farm Inc., Royal FrieslandCampina N.V., Danone SA, and Organic Valley.

“Global Organic Dairy Products Market provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Product Type (Organic Milk, Organic Cheese, Organic Yogurt, Organic Butter, and Others)

2.      By Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Online, and Others)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (Chobani LLC, General Mills Inc, Safeway Inc, BJ's Wholesale Club Inc, Straus Family Creamery, Unilever Group, Stonyfield Farm Inc., Royal FrieslandCampina N.V., Danone SA, and Organic Valley)

Key questions answered in the study:

1.      What are the current and future trends of the global Organic Dairy Products industry?

2.      How the industry has been evolving in terms of type, drive type, and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global organic dairy products industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global organic dairy products suppliers across various region and countries?

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