Organic Dairy Food and Drinks Market
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.
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People have become very health conscious today as prevalence of chronic diseases has increased over the years. This has encouraged people to look for food options to stay healthier and as a result of which consumption of organic products has experienced growth.
The key players profiled in the 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.
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Key findings of the Organic Dairy Food and Drinks Market:
Based on type, the organic milk segment in the organic dairy food and drinks market was valued at $8,132.9 million in 2018 and is expected to grow at the highest CAGR of 10% from 2019 to 2026.
Based on type, the organic yogurt segment was contributed $2,661.3 in 2018 and is estimated to grow at a CAGR of 11% from 2019 to 2026.
Based on type, the organic cheese segment in the organic dairy food and drinks market is expected to grow at a CAGR of 10.6 % to reach $7,591.9 million in 2026.
Based on type, other organic dairy food and drinks accounted for 20.5% of the organic dairy food and drinks market share in 2018 and is estimated to grow at a CAGR of 9.7% from 2019-2026.
In terms of value, North America and Europe contributed a significant high market share in 2018.
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