Organic Dairy Food And Drinks Market Outlook - 2026
The global organic dairy food and drinks market size was valued at $17,849.0 million in 2018 and is projected to reach $38,765.0 million by 2026, to register a CAGR of 10.2% during the forecast period. Based on type, the organic milk segment is the most prominent category and is projected to grow at a steady CAGR of 10.0% through 2019-2026. Organic dairy food and drinks are manufactured by using organic milk as a raw material collected from livestock with the help of organic farming methods. It mainly includes perishable products such as milk, yoghurt, cheese, butter, and ice cream, which are used on a daily basis by consumers. Organic dairy products have 50% higher levels of beneficial omega-3 fatty acids than conventionally produced dairy as well as 40% more of the heart-healthy conjugated linoleic acid (CLA) than their regular dairy products. Moreover, organic milk is rich in minerals and antioxidants, such as iron, vitamin E, selenium, and carotenoids. Given all the beneficial properties and high consumption of dairy worldwide, organic dairy food and drinks are in high demand, especially in the health and fitness community.
The unique nutrient package and benefits provided by the dairy food and drinks make them an important part of a consumer’s life. The market is driven by the continuous introduction of innovative organic dairy products such as energy-based milk drinks and flavored organic drinks. The organic dairy food and drinks market demand is experiencing steady increase in daily life. Rise in health awareness among consumers is one of the key driving factors for this market. In addition, food safety, environmental protection, animal welfare, and increase in use of natural and organic products are the other major factors contributing to the growth of this market. Increase in purchasing power of consumers, improved standard of living, and rise in initiatives taken by government associations such as low interest rates and loan facilities, are also driving the growth of this market in developing countries. However, high price of organic dairy products, private labels faking organic dairy products labels, lack of promotion, and increase in R&D cost hamper the growth of this market. Rise in demand for organic milk and availability of a variety of organic dairy products along with the development of new and innovative products in this segment provide huge opportunities for organic dairy food and drinks market growth.
The organic dairy food and drinks market is segmented on the basis of type and region. Based on type, the market is categorized into organic milk, yogurt, cheese, and others. Based on region, the organic dairy food and drinks market is studied across North America, Europe, Asia-Pacific, and LAMEA.
According to the organic dairy food and drinks market forecast in 2018, the organic milk segment generated the highest revenue in the organic dairy food and drinks market share, accounting for $8,132.9 million in 2018. However, the organic yogurt segment in the organic dairy food and drinks market is expected to witness the fastest growth during the forecast period at a CAGR of 11.0% from 2019 to 2026 and attain a market size of $6,107.0 million by 2026.
Based on region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America contributed the highest in the organic dairy food and drinks market share valued at $8,148.1 million in 2018. This region is further expected to attain a market value of $17,773.8 million by 2026, growing at a CAGR of 10.3%. North America is expected to maintain its dominant position throughout the forecast period. LAMEA and Asia-Pacific are the emerging regions in the organic dairy food and drinks market and are expected to garner a cumulative share of 19.9% in 2026 growing at a CAGR of 10.0% and 8.6% respectively from 2019 to 2026.
Players in the organic dairy food and drinks industry have adopted acquisition as their key strategy to increase their market share and to remain competitive in the market. The leading players in the organic dairy food and drinks market have also focused on product launch as their key strategy to gain a significant market share globally. The key players profiled in the organic dairy food and drinks market report include BJ's Wholesale Club Inc, Chobani, LLC, Danone (horizon organic), General Mills, Inc., Organic Valley Cropp Cooperative, Royal FrieslandCampina N.V., Safeway Inc., Stonyfield Farm, Inc., Straus Family Creamery, and Unilever Group,
Key Benefits for Organic Dairy Food And Drinks Market:
- The report provides a quantitative analysis of the current organic dairy food and drinks market trends, estimations, and dynamics of the organic dairy food and drinks market size from 2018 to 2026 to identify the prevailing market opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- Major countries in each region are mapped according to their revenue contribution to the global organic dairy food and drinks industry.
- The report includes revenue generated from the sales and market forecast across North America, Europe, Asia-Pacific, and LAMEA.
- The report includes the organic dairy food and drinks market analysis at regional as well as the global level, key players, market segments, application areas, and growth strategies.
- Competitive intelligence of the industry highlights the business practices followed by key players across geographies and the prevailing organic dairy food and drinks market opportunities.
Organic Dairy Food and Drinks Market Report Highlights
By Product Type
Key Market Players
Straus Family Creamery, Royal FrieslandCampina N.V., Unilever Group, Stonyfield Farm, Inc., General Mills, Inc., Chobani, LLC, Organic Valley Cropp Cooperative, Danone SA (Horizon Organic), Safeway Inc., BJ's Wholesale Club Inc.
The organic dairy food and drinks market has a substantial scope for growth globally. Its contribution to the global market is expected to increase significantly within the next few years
Based on the interviews of various top-level CXOs of leading companies, rise in health awareness among consumers, increasing concerns about food safety, environmental protection, and animal welfare are factors fueling the growth of this market. Furthermore, Numerous players are entering the organic dairy food and drinks market with innovative products and new flavors. Technological advancements to produce innovative products and products with low fat, and reduced level of sodium and sugar are expected to increase the competition in future. North America is among the dominating region holding a major share in the organic dairy food and drinks market in terms of value in 2018 and is closely followed by Europe and North America, respectively.
However, as per CXOs’ perspectives, high cost act as the major restraint for the global organic dairy food and drinks market.