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The global organic dairy industry is supported by the growing consumer demand for organic products and the thriving food and beverage industry. The organic fluid milk segment, among other product types, dominated the industry. The supermarkets/hypermarkets segment is the leading distribution channel, accounting for a significant share in the global market. Region-wise, Europe is the largest organic milk market. The growth of the market in the region can be attributed to the increased consumer awareness regarding the benefits of organic milk consumption and the rising disposable incomes in the region. General Mills, Inc. (NYSE: GIS) and Arla Foods Amba are some of the leading companies in the global organic dairy industry.
New product launches by the leading manufacturers are aiding the organic milk industry growth globally. In July 2017, General Mills introduced its line-up of new products around the world to fulfill the growing global demand for great taste and simplicity. The company launched products like “Oui” by Yoplait, a French-style yoghurt with simple ingredients like whole milk and real fruit; great tasting cereals like Apple Cinnamon Toast Crunch and Blueberry Chex; Annie’s organic cheese puffs, and others, thus, expanding its gluten-free and organic offerings and providing people with more choices than ever before. Moreover, the public and private investments are paving the way for the organic dairy industry, supported by the increased funding by the government. In September 2019, Arla Foods signed a new MoU with the Nigerian government to develop a sustainable dairy sector in Nigeria by becoming a commercial partner of 1,000 nomadic dairy farmers and collaborating with them to purchase, collect, process and bring the local milk to market. Thus, such developments are expected to aid the global organic dairy industry growth over the forecast period.
Market Breakup by Product Type, Packaging Type, Distribution Channel, and Region:
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The major players in the global organic dairy market are Horizon Organic, Aurora Organic Dairy, General Mills Inc., Arla Foods Amba, and Organic Valley, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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