Technavio’s latest report covers the present scenario and growth prospects of the global organic dairy products market between 2015 and 2019.
The report suggests that market revenue for the global organic dairy products market is to grow at a CAGR of more than 11%. Valued at $15 billion in 2014, the global organic dairy market is expected to exceed $26 billion by 2019, growing at a CAGR of 11.7%. The growing focus of consumers toward the consumption of organic food and beverages will compel manufacturers to launch innovative and exotic organic dairy products.
In the last few years, innovative organic dairy products such as organic spoonable yogurt with granola and fruit toppings, Greek yogurt and organic milk containing anti-oxidants and healthy fatty acids like DHA and omega 3, have been introduced to the market. These innovations, combined with the financial benefits that manufacturers receive from governments to produce organic dairy products, are driving the growth of the market.
Arushi Thakur, food research analyst at Technavio, says, “With global concerns toward environment and health issues increasing, various governmental organisations are coming up with aids that encourage farmers to switch from conventional farming techniques to organic dairy farming.
“Organisations like the Agricultural and Processed Food Products Export Development Authority (India) and United States Department of Agriculture (US) have come up with systems that not only provide farmers with assistance toward the adoption of such organic methods, but also help them transition during the process.”