According to Future Market Insights (FMI), the global organic milk powder estimated valuation at the end of 2017 is about US$ 1,816 Mn. Expanding at a CAGR of 5.4% from 2017 to 2027, the market is expected to reach about US$3,060 Mn from 2017 to 2027 by the end of the forecast period.
Growing demand for organic milk products is been witnessed more as compared to conventional milk products. The various beneficial attributes of organic products including freshness, quality, health and nutrition are contributing to the significant increase in sales of organic milk products. According to the USDA, the sales of organic milk products in 2016 were recorded to be 5.3% times higher as compared to 2015.
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The various types of organic milk powder comprise skimmed milk, whole milk, and buttermilk and whey. Among these, the whole milk segment is predicted to hold the dominant share of 53.6% by 2017 and is projected to rise at an impressive CAGR of 5.8% during the forecast period. The dominance of the segment is attributed mainly to the extensive demand for these for a variety of applications, including chocolates.
Vast Nutritional Benefits to Fortify Demand
The demand for organic milk powder among health-conscious populations in various parts of the world is attributed primarily to the recognition of a number of benefits they have, such as high-shelf life, assured quality, and nutritional benefits, notably the presence of mega 3 fatty acids. The rising preference of organic milk powder over ordinary milk among people of various age is driven by these health benefits. The growing demand for non-GMO and gluten free ingredients in packaged milk products is a key factor bolstering the demand for organic milk powders.
Rising Number of Certified Organic Dairy Farmers Unlock Exciting Opportunities
The rising popularity of organic products in various developing and developed regions is expected to stoke the demand for organic milk powder market. However, the notable disparity in the supply and demand of organic milk powder in major regions, is a key factor likely to hinder the growth of the organic milk powder market to an extent. The insufficient supply of organic milk powder can be attributed to the paucity of modern dairy firms, stringent regulatory norms in developed nations to set up organic diary firms, marked transition period for conventional firms to turn into organic firms.
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Some of the leading players operating in the market include Nestlé SA, Prolactal GmbH, B. Engelhardt & Co AB, Holle babyfood GmbH, Bellamy’s Organic, Ingredia SA, Organic Valley, Aurora Foods Dairy Corp., HiPP GmbH & Co. Vertrieb KG, and Fonterra Co-operative Group, notes Future Market Insights (FMI). A number of players are focused on making constant product launches in order to consolidate their shares in various regions.
Key Segments Covered
- Skimmed Milk
- Whole Milk
- Buttermilk & Whey
- Direct Sales
- Indirect Sales
- Modern Trade
- Convenience Stores
- Online Retailers
- Dietary Supplements
- Cosmetics & Personal Care
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Table Of Content
Organic Milk Powder: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027)
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
2. Market Introduction
3. Global Organic Milk Powder: Historical (2012-2016)and Future Market Analysis(2017-2027)
3.1. Market Value(US$ Mn) & Volume (MT) Projections
4. Global Organic Milk Powder Market Analysis 2012–2016 and Forecast 2017–2027 By Region
5. Global Organic Milk Powder Market Analysis 2012–2016 and Forecast 2017–2027 By Type
6. Global Organic Milk Powder Market Analysis 2012–2016 and Forecast 2017–2027 By Sales Channel
7. Global Organic Milk Powder Market Analysis 2012–2016 and Forecast 2017–2027 By End-Use
8. North America Organic Milk Powder Market Analysis 2012–2016 and Forecast 2017–2027
9. Western Europe Organic Milk Powder Market Analysis 2012–2016 and Forecast 2017–2027