Organic Dairy Food and Drinks Market Overview:
The global organic dairy food and drinks market is expected to reach $36,729 million by 2022 from $14,517 million in 2015 at a CAGR of 14.25% from 2016 to 2022. Organic dairy food and drinks are manufactured using organic milk as the raw material, which is obtained from livestock using organic farming methods. It includes perishable products, such as milk, yoghurt, cheese, butter, and ice cream, which are used on a daily basis by consumers. The unique nutrient package and benefits offered by dairy food and drinks make them an important part of human diet. Continuous introduction of innovative organic dairy products drives the markets of energy-based milk drinks and flavored organic milk drinks.
Breakdown of Primary Respondents
The demand for organic dairy food and drinks has steadily increased in the recent years. Growing health awareness among consumers is one of the key driving factors of this market. In addition, food safety, environmental protection, animal welfare, and increase in use of natural & organic products drive the market growth. Moreover, rise in purchasing power of consumers, improvement in standards of living, and proactive initiatives taken by government organizations, such as low interest rate and loan facilities, drive the market in developing countries. However, high price of organic dairy products, private labels producing counterfeit organic dairy products, lack of promotional initiatives, and increase in cost of R&D hamper the market growth.
On-going technological advancements to develop innovative products with low fat, reduced level of sodium & sugar have fueled the demand for these products. The excessive use of fertilizers, pesticides, sewer-sludge ionizing radiation in non-organic dairy products lead to numerous health risks. In addition, people are inclined towards organic dairy products, as non-organic milk contains bovine growth hormone (BGH) and recombinant bovine somatotropin (rbST), which could cause breast cancer.
The global organic diary food and drinks market is segmented on the basis of product type and geography. Based on product type, of the market is divided into organic milk, yogurt, cheese, and others. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
LAMEA region comprises Latin America, Middle East, and Africa. Increase in awareness regarding health benefits associated with organic food and drinks drives the market in these regions. The organic dairy food and drinks market in LAMEA is anticipated to grow at a CAGR of 11.73% from 2016 to 2022. The Middle East market in organic dairy food and drinks is anticipated to grow at a CAGR of 11.88% during 2016-2022.
Middle East Organic Dairy Food and Drinks Market Size, 2014-2022 ($Million)
Porters Five Forces Analysis
The suppliers in the market are raw material providers who provide milk as a raw material. The bargaining power of suppliers in the industry is low due to large numbers of milk suppliers in this industry. In addition, the switching cost is low, which leads to low bargaining power of suppliers. Moreover, large numbers of suppliers available in this market and low product differentiation decrease the bargaining power of suppliers. In addition, the availability of substitutes in the form of almond milk, soy milk, and rice milk increases the bargaining power of buyers. However, consumers in rural areas are unaware about organic dairy products due to lack of promotional measures, high cost, low shelf life of organic dairy products, and preference for conventionally processed products. The threat of new entrants in this industry is low due to high capital investment and difficulty in establishing a new brand in the market.
Top Investment Pockets
The organic milk segment has the highest market share in the global organic dairy food and drinks market. However, organic cheese segment is expected to grow at the fastest CAGR during the forecast period. Thus, organic cheese segment is one of the profitable segments in terms of net sales volume for market players.
Top Winning Strategies
The key players in the market have adopted various business strategies, such as acquisitions, expansions, product launch, and collaboration to sustain the stiff competition. The key market players profiled in this report are manufacturers and suppliers. The data pertaining to the market players and their strategic moves have been obtained through press releases of respective companies, blogs, and primary sources.
Organic Dairy Food and Drinks Market, Top Winning Strategies, 2012-2016* (%)
The key players operating in the organic dairy food and drinks industry are Kroger Company, Safeway, Inc., Ben & Jerrys Homemade Holdings, Inc., Organic Valley, BJ's Wholesale Club, Purity Foods, Inc., Eden Foods Inc., Whole Foods Market Inc., and Publix Super Markets, Inc.
The other key market players in the organic dairy food and drinks industry value chain include YogiTea, Aspall, VerdeGrass, Aurora Organic Dairy, Horizon Organic, StoneyField, AltaDena, Alto Dairy Cooperative, Brewster Dairy, Carvel, Danone, and DCI Cheese Company.
KEY BENEFITS FOR STAKEHOLDERS
- This report gives a detailed analysis about the dynamic changes in the global organic dairy food and drinks market from various perspectives.
- This report provides deep insights about the opportunities in the market along with the market shares of organic dairy foods and drinks.
- The report provides the global positioning of the organic dairy food and drinks market.
- This report entails the detailed quantitative analysis of current market and estimations for the period of 2014-2022 to identify the prevailing market opportunities.
- Comprehensive analyses of the factors that drive or restrict the market growth are included.
- Competitive intelligence of leading manufacturers and distributors of organic dairy food and drinks mentioned in report helps in understanding the competitive scenario across geographies.
ORGANIC DAIRY FOOD AND DRINKS MARKET KEY SEGMENTS:
By Product Type
- Organic Milk
- North America