Organic Dairy Products Market Driven by Increasing Awareness of Consumers Regarding the Benefits of Organic Dairy Products

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. Promotion of organic food products by government regulatory authorities, along with positive impact of low interest rate on organic dairy food and drinks industry has augmented the growth of the 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
• Europe
• Asia Pacific
• Rest of the World

Organic Dairy Products Market will Reach a Valuation of US$418.6 mn by 2017

Volume-wise, liquid milk continues to be the most consumed dairy product throughout the emerging regions. Why? Increasing consumer awareness about the health benefits of milk and dairy products is driving this demand. The demand for organic milk and dairy products is significantly high in South Korea. Primary factors encouraging the purchase of organic dairy products are increasing health awareness and rising demand for toxin-free food products. Strangely, taste is the last factor consumers considered, when buying organic dairy products. Freshness of organic dairy products is also one of the important factors that attracts consumers towards these products.

The global organic dairy products market is currently dominated by Europe and North America and it will continue to be so in the foreseeable future. However, the global organic dairy products market has witnessed elevated demand for organic dairy products in the past decade, which is fueling the growth of the overall market. The report on the global organic dairy products market is broadly segmented on the basis of geography and products.

The research study on the global organic dairy products market presents a comprehensive analysis of this industry. It delivers keen insights into the regional dynamics of the global organic dairy products market. Furthermore, the report provides valuable statistics and forecasts of these regional organic dairy products markets that will help readers understand the consumer trends shaping these market.

Overview of the Global Organic Dairy Products Market

The global organic dairy products market is highly influenced by the consumer’s preference towards quality-centered food items rather than price-centered ones. Additionally, the rising awareness worldwide about the health benefits of consuming organic dairy products is also fueling this market. The growing demand of organic milk coupled with its availability will further drive the global organic dairy products market.

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The global organic dairy products market will expand at a 9.1% CAGR during the forecast period from 2011 to 2017. In 2011, the global organic dairy products market was valued at US$9,357.4 million. Organic dairy foods such as milk, yogurt, cheese, ice-cream, and butter collectively accounted for the sale of US$8,987.7 million in 2011, which is approximately 19% of the global organic dairy products market.

Geography-wise, Europe and the U.S. together contributed to a massive 93.1% of the global demand in 2011. Furthermore, the U.S. and Europe are expected to show a growth of 8.2% and 7.9% respectively, during the forecast period. On the other hand, the South Korea organic dairy products market is expected to show a high growth rate during the forecast period and reach an estimated value of US$418.6 million by 2017.

The global organic dairy products market will continue to demonstrate strong growth in the coming few years. However, factors such as the high pricing of these products, lack of promotion, private labels faking organic dairy products labels, and the increasing R&D cost will suppress the global organic dairy products market.

Companies mentioned in the report are

Some of the key companies operating in the global organic dairy products market are Kroger, YogiTea, Costco Safeway, Publix, Ben & Jerry, Aspall, VerdeGrass, BJ’s Wholesale Club, Purity Foods, Eden Foods, Organic Valley, and Whole Foods Market.

Higher Profitability of Organic Dairy Products over Conventional Dairy Products Driving Global Market

The global organic dairy products market has witnessed rapid growth over the last decade, especially in the developed countries of Europe and North America. The development of the organic dairy products market can be attributed to both supply as well as demand forces.

Shift in Consumer Preference Propelling Demand

In terms of supply, the market for organic dairy products is being fueled by environmental concerns on the part of producers and the promise of higher returns when compared to conventional dairy products. Organic dairy farming might still account for a rather miniscule portion of the overall milk production in developed countries. However, this model is being considered as one more profitable than the traditional model of dairy farming. Seeing the many possibilities of organic dairy farming, governments and regulatory authorities in Europe and the U.S. have increased focus on promoting organic dairy products via numerous programs. As a result, the availability of a huge variety of organic dairy products has increased. Moreover, the low interest rate on organic dairy food and drinks has also had a positive impact on the overall organic dairy products market.

On the demand side, the market for organic dairy products is being primarily driven by growing awareness among consumers regarding food safety and nutrition, and the benefits of organic dairy products on their health as well as on the environment. This increase in health awareness has resulted in a shift from a price-centric preference to a quality-centric preference. The demand for organic milk has surged, resulting in the growth of the organic dairy products market.

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Added Costs of Organic Farming Inhibiting Growth

The conversion to organic milk production on the part of dairies comes at a cost. The effort and financial burden of adjusting to new production systems has been perceived to be the most challenging hurdle for the organic dairy products market. Moreover, retailers have also admitted to issues of inadequate stock, confirming that the growth in demand for organic dairy products is greater than the growth in production.

Organic dairy farming has threatened to take its toll on the cost of production. Apart from the high cost of ongoing research and development, organic dairy farming needs additional revenue to support the growing cost of organic feed. Supporters of organic dairy products argue that the overall cost of production is lowered owing to reduction in cost of crop production, since there is no added cost of using herbicides, pesticides, and chemical fertilizers. However, the price structure of organic feed has been volatile, posing a severe challenge to the organic dairy products market.

Apart from this, there are several other factors that impede the growth of the organic dairy products market. These include lack of proper promotion and advertizing of organic dairy products, greater input cost of organic milk production, presence of private organic dairy products labels and fake brands, and pricing challenges when dealing with wholesalers and retailers.

Despite the presence of numerous challenges, there has been a growing interest in organic dairy products, evident from the presence of a large number of players operating in the global market. Some of the significant participants of the organic dairy products market are Costco, HP Hood, Safeway, Westbrae Naturals, VerdeGrass, YogiTea, Purity Foods, Ben & Jerry’s, Eden Foods, Organic Valley, BJ’s Wholesale Club, Whole Foods Market, Eastern Venture, Aspall, Kroger, Fantastic Foods, and Publix.

Organic Dairy Products Market - Global and South Korea Market Trends 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. Promotion of organic food products by government regulatory authorities, along with positive impact of low interest rate on organic dairy food and drinks industry has augmented the growth of the 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.

Request a Brochure of this Report :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=327

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
• Europe
• Asia Pacific
• Rest of the World

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