- 15 April 2019 21:55
Global Organic Dairy Products Market In North America Is Expected To Be Fastest Growing Region
Organic dairy products are the products from livestock raised according to organic dairy methods. The livestock are feed with organic feed i.e., feed cultivated without use of fertilizers or pesticides.
Global Organic Dairy Products Market Dynamics:
Increasing popularity of organic products owing to heath awareness among the people is expected to be major factor driving growth of the global Organic Dairy Products Market. Growing awareness regarding the health benefits associated with consumption of organic products coupled with increase in number of diseases due to consumption of conventional food is expected to drive the market growth.
More than 50% of the people in North America and Europe prefer organic products. Increasing obesity rate in these region make the households to go for organic products rather than other substitutes. Conventional food products are cheap but they aren’t healthy for body, so most of the people go for organic food than conventional food products, which is expected have positive impact on market growth.
Analysis By Segmentation:
Among type, liquid milk segment is expected to be largest segment with a revenue US$ 5,761.6 Mn in 2017, and is expected to continue its dominance during the forecast period.
Among end user, adults segment is expected to be largest segment with a revenue US$ 5,440.0 Mn in 2017.
Organic dairy products are manufactured by milk obtained from livestock feed with organic feed. The pastures are cultivated without use of fertilizers or pesticides. Moreover, the livestock cannot be given growth hormones or antibiotics.
Growing popularity of organic dairy products owing to rising awareness among the people regarding benefits related to consumption of organic dairy products is expected to drive market growth over the forecast period. Furthermore, increase in number of diseases due to consumption of conventional milk is anticipated to fuel the market growth over the forecast period.
However, high cost of production which results in high price of organic product compared to conventional products is expected to hamper growth of the global organic dairy products market.
Key players operating in the global organic dairy products market include Arla Foods, Agropur Inc., Hilmar Cheese Company, Glanbia Plc., Kerry Group Plc., Milk Specialties Global, Leprino Foods Company, Carbery, Lactalis Group, and Grande Cheese Company.