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Description
Organic Milk Market size was valued at USD 21,352.7 million in 2021 and is expected to grow at a CAGR of 2.8% from 2022-2028. Organic dairy farming is getting increasing attention worldwide owing to the rising health consciousness among consumers regarding the consumption of regular milk. The global organic milk market is anticipated to grow due to an increase in consumer demand for organic products. The health benefits of organic milk intake, such as vitamins and minerals, are propelling the worldwide organic milk industry forward. Many entrepreneurs are venturing into the organic space with a considerable sum of money for product innovation, research development, and the like to drive the industry forward during the forecast period. The primary driver for the worldwide milk market is the government of numerous countries, which is supporting organic farming practices among conventional farmers by establishing educational campaigns and offering technical and monetary aid. The demand for this market will be driven by consumers’ growing desire for natural and organic foods. Based on packaging, the tetra pack segment holds the largest market share in the global organic dairy market.
Recent Market Developments:
In March 2022, Organic Valley announced the single largest effort to save small organic family farms in the Northeast following news last year that Horizon and Maple Hill Creamery would be terminating contracts with more than 130 family farms.
In April 2022, Global dairy giant Yili Group has become Asia’s first dairy producer to post annual revenue exceeding RMB 100 billion, consolidating the company’s dominance in the region.
