The global organic milk powder will grow at a CAGR of 5.4% during the forecast period, predicts Future Market Insights. As a result, it is predicted that the market for organic milk powder will increase from US$ 2.3 billion in 2022 to US$ 3.9 billion by 2032.
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.
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Vast Nutritional Benefits to Fortify Demand
The demand for organic milk powder among health-conscious populations throughout the world is mostly due to the awareness of a variety of benefits, including long shelf life, guaranteed quality, and nutritional benefits, particularly the presence of mega 3 fatty acids. These health benefits are driving consumers of all ages to prefer organic milk powder over conventional milk. The increased demand for non-GMO and gluten-free components in packaged milk products is a major driver of the demand for organic milk powder.
The growing demand for wholesome foods among families in various countries to act as a nutritional supplement to health drinks is a crucial factor expected to boost the market. The growing number of certified organic dairy farmers in developing and developed countries is a crucial trend expected to accentuate the market in the coming years. The marked consolidation of organic dairy industry, notably in North America, is a prominent trend expected to bode well for the overall organic milk powder market. This has led to a rise in imports volume, especially in the U.S.
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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.
Nevertheless, the rising number of certified organic dairy farmers and recent advancements made in organic farming are key factors anticipated to accentuate the market over the forecast period. The introduction of products with advanced formulations also bodes well for the global organic milk powder market.
Key players :
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.
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Key Segments Covered
By Type:
- Skimmed Milk
- Whole Milk
- Buttermilk & Whey
By Sales:
- Direct Sales
- Indirect Sales
- Modern Trade
- Convenience Stores
- Online Retailers
- Others
By End-Use:
- Food
- Dairy
- Bakery
- Confectionery
- Beverages
- Dietary Supplements
- Cosmetics & Personal Care
By Region:
- North America
- Western Europe
- Eastern Europe
- Latin America
- APEJ
- Japan
- Africa
- Middle East
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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