Organic Dairy Products (Foods And Drinks) Market - Global and South Korea Market Forecasts, Size, Trends, And Industry Analysis 2011 - 2017
According to a recent market research report published by Transparency Market Research, the global organic dairy products market is estimated to expand at a CAGR of 9.1% during the period between 2011 and 2017. The report, titled “Organic Dairy Products Market - Global and South Korea Market Forecasts, Size, Trends, And Industry Analysis 2011 - 2017”, projects the global organic dairy products market to be propelled by growing consumer preference towards quality-centered food items.
The overall market was worth US$9,357.4 mn in 2011.
The report points out that increasing awareness of consumers regarding the benefits of organic dairy products has played a pivotal role in the growth of the global organic dairy products market.
The increasing demand for organic milk and availability of large variety of organic dairy products are driving the organic dairy products market across the globe.
However, the report mentions that private labels and fake organic dairy products labels are negatively impacting the growth of the overall market. Pricing of organic dairy products is difficult when dealing with wholesalers and retailers.
Higher input cost involved in organic milk production, along with ongoing research and development cost will also restrain the growth of the organic dairy products market.
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The report analyzes the demand and sale of organic dairy foods such as yogurt, milk, cheese, ice-cream, and butter. In 2011, the collective sale of these organic dairy food products was worth US$8,987.7 mn.
This was approximately 19% of the overall sales in 2011. The report studies the growth of the organic dairy products market across four key regions: North America, Europe, Asia Pacific, and Rest of the World.
In 2011, Europe and the U.S. contributed majorly towards the growth of the market and together accounted for 93.1% share in the global demand from the market. During the forecast horizon, Europe and the U.S.
organic dairy products markets are estimated to expand at 7.9% and 8.2% respectively. This can be attributed to the increased organic farming in these regions.
In fact, to keep up with the growing demand for organic dairy products, farmlands have doubled their production in the last five years.
In Asia Pacific, the demand for organic dairy products in South Korea has been particularly high. This regional market is estimated to be valued at US$418.6 mn by 2017.
The global organic dairy products market is also expanding across emerging economies such as India and China owing to the availability of large organic farmlands in these countries.
Describing the competitive hierarchy, the report profiles some of the major players operating in the global organic dairy products market such as Kroger, Costco Safeway, YogiTea, Publix, Aspall, Ben & Jerry, VerdeGrass, Purity Foods, BJ’s Wholesale Club, Organic Valley, Eden Foods, and Whole Foods Market.
Global Organic Dairy Products Market has been segmented as:
Global Organic Dairy Products Market, by Geography:
- North America
- Asia Pacific
- Rest of the World
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