Global Organic Dairy Products Market (Foods and Drinks) Will Reach USD 15,115.1 Million in 2017: Transparency Market Research

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The global demand for organic foods and beverages has been steadily increasing over the last decade. Growing awareness regarding health benefits as well as the adverse affects of pesticide residues have been the key factors behind this growth. Owing to this surge, organic farmland and production has doubled in the last five years.  Organic dairy foods, which include milk, yoghurt, cheese, butter and ice-cream accounted for 19% of the total market, amounting to sales of around USD 8,987.7 million in 2011.

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The market is dominated by U.S. and Europe, which together accounted for 93.1% of the global demand in 2011. The U.S. and Europe organic dairy sector continues to show steady growth, growing overall by 8.2% and 7.9% respectively during 2012.

South Korea is witnessing continuous growth in consumption of organic dairy products and is expected to grow robustly from 2011 to 2017. The South Korean organic dairy market is predicted to reach USD 418.6 million by 2017. Consumers in South Korea are increasingly willing to purchase organic dairy products as they become more aware of the importance of healthy eating. Organic dairy products such as milk, yoghurt, cheese and many more are gaining popularity due to health benefits they offer.  The South Korea market is witnessing strong organic dairy products’ demand due to increase in standard of living, spending power and awareness among people. The buyers of these products include educated consumers and conventional retailers. Moreover, consumers are ready to pay premium prices for organic dairy products as demand exceeds supply in the South Korean market.

The organic dairy foods and drinks market is showing significant growth as a result of the innovative products development and marketing campaigns.

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Due to the introduction of different organic dairy products and organic drinks in the market in recent years, this industry is experiencing significant growth and the trend is expected to continue in the coming years. Organic dairy foods and drinks market is expected to grow due to scientific research into health benefits of organic milk and related products.

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Globally as parents are increasingly becoming aware of the nutritional requirement in their baby’s food, they are rapidly turning towards more products that enhances the development of their babies throughout the early development stage. Parents with time constraints & concerned about their babies adequate nutrition and all round development are more demanding and also seek clear and timely communication about baby food products.

While birth rates are declining in developed markets, new and emerging markets such as India, Brazil and Middle East & African countries have opened up growth gates for the baby food market. Enhanced participation of woman in work and fast paced lifestyle has enhanced the adoption of packaged baby food in these regions. Moreover, high competition and growing challenges are also pushing parents to look for high nutritional food for their babies to support their early stage growth. Status symbol is also becoming one of the major causes for the adoption of packaged baby food in developing nations.

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2013-04-09 07:45:24

Source: http://www.culrav.org/pr/global-organic-dairy-products-market-foods-and-drinks-will-reach-usd-15115-1-million-in-2017-transparency-market-research.php