|Market Size in 2020||Market Forecast in 2028||CAGR (in %)||Base Year|
|USD 20268 Million||USD 34396.2 Million||6.6%||2020|
Organic Dairy Products Market
The global Organic Dairy Products Market accounted for USD 20268 Million in 2020 and is expected to reach USD 34396.2 Million by 2028, growing at a CAGR of 6.6% from 2021 to 2028.
Organic dairy products are produced through livestock that have been raised with organic farming methods. These products are preservative-free and high in anti-oxidants, vitamins, omega-3 fatty acids, and conjugated linoleic acid when compared to typical dairy products. Such products are known to provide a range of health benefits such as improved metabolism, lower risk of heart disease and others.
Increasing demand for organic dairy products can be primarily attributed to evolving food consumption habits of consumers, particularly in urban areas. Consumers are increasingly shifting to organic, unadulterated, farm-fresh dairy products owing to the rising awareness of health benefits from these products. Recently, new flavors and innovative variants of organic dairy products such as flavoured milk and flavoured yoghurt are being introduced by key players. E-commerce of organic dairy products is also on the rise as people continue to stay at home during the ongoing global pandemic.
Despite the challenges posed by the pandemic, the organic dairy products market is one of the sectors that has handled the pandemic well, especially in terms of packaged dairy products. The COVID-19 pandemic had a significant impact on consumer dietary habits, which increased the business. The increased culinary activity at home promoted higher consumption of dairy products such as cheese and butter as the lockdown made people put together dishes like chefs. The pandemic has also encouraged people to consume healthy and nutritious food thereby further boosting this market.
One of the primary factors fueling the growth of this market is the high nutritional value associated with organic dairy products. Increasing health consciousness among consumers has led them to adopt price-centric high-quality and expensive organic dairy products. Growing health concerns in individuals all over the world, such as cardiovascular illnesses, high blood pressure, and others are expected to positively impact the market's trajectory throughout the forecast period.
Furthermore, technological developments for producing innovative, low-fat, and low-sugar products are expected to fuel demand in the coming years. There has been a rise in ventures to facilitate the research activities to come up with new products in the market which can be expected to bolster growth of the global organic dairy products market.
|Report Attributes||Report Details|
|Report Name||Organic Dairy Products Market Research Report|
|Market Size in 2020||USD 20268 Million|
|Market Forecast in 2028||USD 34396.2 Million|
|Growth Rate||CAGR of 6.6%|
|Number of Pages||210|
|Key Companies Covered||Arla Foods, Aurora Organic Dairy, Organic Valley, Danone S.A., General Mills Inc., Horizon Organic, Whole Foods Market, Kroger, Royal FrieslandCampina N.V. and Dairy Farmers of America Inc|
|Segments Covered||By Product, By Distribution Channel and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2016 to 20120|
|Forecast Year||2021 - 2028|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Milk segment held a share of around 45% in 2020. Organic milk is known for its nutritional properties and contains all the good stuff instead of pesticides or synthetic chemicals. In a number of studies, organic milk has shown to have a higher nutritional content, as well as more healthful omega-3 fatty acids and disease-fighting antioxidants than non-organic milk. Particularly for the healthy growth of children, parents prefer organic milk.
Offline segment will grow at a CAGR of around 5.9% from 2021 to 2028. In spite of the pandemic, supermarkets, hypermarkets and other offline retailers are expected to retain dominance in this segment. This is attributable to the availability of greater shelf space and a wider selection of products in local stores. Moreover, consumers find it more convenient to purchase fresh, organic dairy products at lower prices in these stores, which is also expected to propel the growth of this segment in the coming years.
Some of key players in Organic Dairy Products Market are Arla Foods, Aurora Organic Dairy, Organic Valley, Danone S.A., General Mills Inc., Horizon Organic, Whole Foods Market, Kroger, Royal FrieslandCampina N.V. and Dairy Farmers of America Inc. among others.
Acquisitions have been a significant strategy for players in this market in order to grow their market share and stay competitive. To achieve a large market share, the major competitors in the organic dairy products market have emphasised on innovative product introduction as a crucial strategy.
The North American region held a share of 31.25% in 2020. This is attributable to the presence of top companies such as Aurora Organic Dairy, General Mills Inc., Organic Valley among others. Due to the growing health consciousness, consumers in the region are switching to organically made dairy products. Furthermore, as people become more aware of the health benefits from these goods, demand is expected to rise in the region. Additionally, a well developed retail channel in the region has created the easy availability of organic dairy products across supermarkets, hypermarkets, grocery stores, convenience stores and others.
The Asia Pacific region is projected to grow at a CAGR of around 6.1% over the forecast period. This can be attributed to the growing consumer preference for high-quality products, coupled with a rise in income levels. Moreover, there is growing concern among consumers regarding the presence of pesticides and GMOs in their food, causing them to turn to organic foods.
By Distribution Channel
The global organic dairy products market was valued at USD 20268 Million in 2020.
The global organic dairy products market is expected to reach USD 34396.2 Million by 2028, growing at a CAGR of 6.6% between 2021 to 2028.
Some of the key factors driving the global organic dairy products market growth are increasing health consciousness among consumers, rising awareness of nutritional value of organic products and technological advancements.
North America region held a substantial share of the organic dairy products market in 2020. This is attributable to the presence of major players such as Aurora Organic Dairy, General Mills Inc., and Organic Valley among others. Asia Pacific region is projected to grow at a significant rate owing to the rising demand for organic dairy products in developing economies such as China, India and South Korea.
Some of the major companies operating in the organic dairy products market are Arla Foods, Aurora Organic Dairy, Organic Valley, Danone S.A., General Mills Inc., Horizon Organic, Whole Foods Market, Kroger, Royal FrieslandCampina N.V. and Dairy Farmers of America Inc. among others.