PORTLAND, Oregon and PUNE, India, January 18, 2017 /PRNewswire
Organic Dairy Food and Drinks Market Report, published by Allied Market Research, forecast that the global market is valued at $14,517 million in 2015, is expected to grow at a CAGR of 14.25% from 2016 to 2022 to reach $36,729 million by 2022.
Rise in awareness of health concerns, emergence of environment protection, technological advancements, and government initiatives in organic farming are the major factors that drive the market. Organic dairy products are blended with natural antioxidants which surge its market demand. Nutritional benefits, better taste, and freshness are the factors which boost the organic market as an alternative to chemically blended nonorganic products. Moreover, production of organic dairy products naturally increases the emission of the methane gas, which can lessen the effects of the global warming by decreasing emission of nitrous oxide and carbon dioxide. Recently, innovative products such as flavored milk, organic spoonable yogurt with granola, yogurt, sour creams, buttermilk, cottage cheese, and fruit toppings are added which help to boost the market growth. Government has promoted organic farmers by assisting with low interest rate, loan facilities, and financial incentives to transition to organic methods.
According to Eswara Prasad, Team Lead, Chemicals & Materials at Allied Market Research, "Robotic milking systems are innovative solutions to improve milking frequency compared to conventional parlor systems."
Based on type, organic milk dominated the market in 2015 with more than half of the total share by volume. Increase in health awareness coupled with nutritional benefits helps the market to generate considerable pace and the dominating type is projected to make headway by projecting a CAGR of 14.10% in the near future.
ORGANIC DAIRY FOOD AND DRINKS MARKET KEY BENEFITS:
Globally, Asia-Pacific and Europe together occupy more than two-fifth of the total share. Increase in disposable income coupled with rise in health awareness fuels the organic dairy food and drinks market in these regions.
Source: Allied Market Research
Illustration Photo: Yogurt in a supermarket in Japan (Public Domain from Pixabay.com)