Organic Dairy Food And Drinks Market

Organic Dairy Food and Drinks Market Size and Growth Rate Analysis:

Organic Dairy Food and Drinks Market was estimated at USD 17.9 billion in 2019 and is projected to reach USD 38.8 billion by the end of the assessment period. The market is supposed to experience moderate growth to record a CAGR of 10.2% throughout the forecast period 2022 - 2027.

Organic dairy Food and Drinks are made from organic milk as raw material collected from livestock using natural farming methods. It often comprises products like yogurt, cheese, ice cream, butter, and others, which can be used on a day-to-day basis. Organic dairy food and drinks contain 50% more beneficial omega-3 fatty acids than conventional dairy products and 40% more heart-healthy conjugated linoleic acid (CLA) than their typical dairy products. In addition, organic milk is known for its minerals and antioxidants like carotenoids, iron, selenium, and Vitamin E. Due to the beneficial properties and high consumption of dairy products, organic dairy food, and drinks found demand in the health and fitness community.

REPORT COVERAGE:

Organic Dairy Food and Drinks Market Drivers and Restraints:

The exclusive nutritional packaging and benefits of dairy products and beverages make it an important part of consumer life. The global organic dairy food and drinks market is supported by the extended launch of novel organic dairy products like flavored and energy-based dairy beverages. The need for organic dairy food and drinks is constantly increasing in daily life. One of the main drivers of this market is the increased consumer awareness of health. In addition, food security, environmental protection, animal welfare, and the increased use of natural and organic products are other important factors that contribute to the growth of this market. Increased consumer purchasing power, improved living standards, and increased initiatives by government associations, such as low-interest rates and lines of credit, are also driving the growth of this market in developing countries.

Hormones like bovine growth hormone (BGH) and recombinant bovine somatotropin (rbST) are often used to increase milk production in cows for the production of non-organic milk. Overuse of these hormones leads to the growth of IGF-1, which leads to the development of breast cancer. The increased need for organic milk, the availability of a variety of natural dairy products, and the growth of new and innovative products, offer enormous opportunities in the worldwide market. However, the high price of organic dairy products, counterfeit private labels for natural dairy products, lack of promotion, and rising R&D costs are hampering the growth of this market.

Recent Developments in Organic Dairy Food and Drinks Industry:

1. In August 2016, Nestlé had announced that it would expand its product portfolio by offering the organic food segment in India to Nestlé Ceregrow. It will include ready-to-cook kid's breakfast cereals and many other products. This expansion increased the product portfolio and expanded the company's market share in the Indian market.
2. In February 2017, Nestlé India and Nestlé SA agreed that there is a need to "speed up the game in India", which will require new investments in the existing portfolio, new products, renovation and innovation: all destined to double the income in the country in four to five years.
3. VegMart extended its operations to provide organic products in the industry in March 2018. They will provide the products at a very affordable cost that will allow the expansion of the company's clientele, as well as the increase in the customer loyalty rate.
4. In March 2018, Truefarm Foods launched the sale of its Organic dairy Food on the Amazon e-commerce platform. This will allow your product to reach more customers and thereby increase the company's revenue. Truefarm offers a wide range of products such as legumes, superfoods, spices and nuts, breakfast cereals, flours and sweeteners.
5. In April 2017, Danone finalized the acquisition of WhiteWave on Wednesday, according to a company statement. WhiteWave shareholders will receive $ 56.25 per share in cash. The two companies will combine their operations in North America and will operate under the DanoneWave name.
6. WhiteWave Foods Company acquired So Delicious for USD 195 million in September 2014. Founded in 1987, So Delicious is headquartered in Springfield, Oregon (near Eugene) and produces dairy-free drinks, frozen desserts, creams and create unit.
7. Hillshire Brands acquired Van's Natural Foods for USD 165 million in May 2014 from Catterton Partners. This acquisition aims to provide various products like legumes, spices and nuts, breakfast cereals, superfoods, sweeteners, flours and others.

Regional Growth Insights of the Market:

The market is geographically divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Of all those regions, the presence of arable land in nations like the USA, Australia and Argentina has promoted the development of regulative policies for the production of organic foods. Therefore, increasing demand for organic food and regulatory support are anticipated to have a positive impact on market demand for Organic dairy Food and Drinks during the forecast period. In several European countries such as Austria, Denmark, Germany and the United Kingdom, the number of organic farms has stagnated in recent years, affecting overall regional organic agricultural production. Nonetheless, several European nations like Belgium, Spain, Italy, France, Bulgaria, Slovakia, Croatia and Portugal are assumed to register positive growth. In 2018, these regions experienced higher organic area growth compared to previous years.

The Asia-Pacific Organic dairy Food and Drinks sector is foreseen to experience a high growth rate from 2020 to 2025, due to increasing wealth and disposable income of consumers. Furthermore, increased consumer awareness of health and advances in organic farming techniques are presumed to stimulate demand for products in the region in the coming years. The Asian market is characterized by a large number of imports of processed organic products. Retail prices for organic food are expensive due to high import costs and shortages. Moreover, industrialized nations like Japan, Singapore, Australia, Hong Kong, New Zealand, Korea, Taiwan and others are dominating the global organic dairy food and drinks business.

Organic Dairy Food and Drinks Market Detailed Segmentation:

Based on Type:

• Organic Milk
• Organic Yogurt
• Organic Cheese
• Others

Geographical Segmentation of the Market:

On the basis of the geographical segmentation, the global Chocolate Based Spreads Market is segmented into different regions: North America (US and Canada), Europe (U.K., France, Germany and Rest of Europe), Asia Pacific (Japan, China, India and Rest of APAC), Latin America (Brazil, Mexico and Rest of Latin America), and Middle-East & Africa (GCC and Rest of MEA).

Top Leading Manufacturers in the Organic Dairy Food and Drinks Industry are:

1. Ben & Jerrys Homemade Holdings, Inc
2. Organic Valley
3. BJ's Wholesale Club
4. Purity Foods, Inc
5. Eden Foods Inc
6. Whole Foods Market Inc
7. Kroger Company
8. Safeway, Inc
9. Publix Super Markets, Inc