In 2029, the Organic Milk Powder market is spectated to surpass ~US$ xx Mn/Bn with a CAGR of xx% over the forecast period. The Organic Milk Powder market clicked a value of ~US$ xx Mn/Bn in 2018. Region is expected to account for a significant market share, where the Organic Milk Powder market size is projected to inflate with a CAGR of xx% during the forecast period.
In the Organic Milk Powder market research study, 2018 is considered as the base year, and 2019-2029 is considered as the forecast period to predict the market size. Important regions emphasized in the report include region 1 (country 1, country2), region 2 (country 1, country2), and region 3 (country 1, country2).
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Global Organic Milk Powder market report on the basis of market players
The report examines each Organic Milk Powder market player according to its market share, production footprint, and growth rate. SWOT analysis of the players (strengths, weaknesses, opportunities and threats) has been covered in this report. Further, the Organic Milk Powder market study depicts the recent launches, agreements, R&D projects, and business strategies of the market players including
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. Moreover, significant increase in imports of organic milk powder is being witnessed owing to the consolidation of the organic dairy industry. These trends are driving the organic milk powder market in the North America region.
Increase in the number of certified organic dairy cows in the North America region
The organic dairy products industry is just two decades old in the U.S., despite having shown a significant increase in the count of certified organic dairy cows. According to the USDA, when organic dairy production started two decades ago in the U.S, there were only 6,000 certified organic dairy cows across the nation. However, there has been significant rise in this count. Yet another survey by USDA between 2002 and 2011 represented an increase of 255,000 organic milk cows in 2011 as compared to that of 67,000 organic milk cows in 2002. This count accounts for 3% of the total dairy cows. According to USDA, in 2012, 5% of the total U.S. dairy farms comprised organic dairy cows.
Lack of harmonisation between supply and demand scenarios hampering market growth in North America
Consumers in the U.S. have an increased interest in organic products. According to the Organic Trade Association, the U.S. organic dairy sector is estimated to account for US$ 6 Bn in sales in 2017, thereby reflecting increasing consumer interest for organic dairy products. However, the major constraint faced by the sector is the inability to suffice consumer demand through the available supply. Factors such as stringent regulatory norms prevailing in the U.S., growing consumer demand, and a transition period of three years for conventional dairy farms to get converted into organic dairy farms, are major challenges faced by diary producers, thereby hampering the growth of organic milk products.
Global Organic Milk Powder Market Attractiveness Analysis, By Type
The Whole Milk segment by type is expected to register relatively high CAGR during the forecast period. The Whole Milk segment is estimated to account for a relatively high value share of 53.6% by 2017 end and is anticipated to register a CAGR of 5.8% in terms of value over the forecast period. The Skimmed Milk segment is estimated to account for a value share of 26.2% by 2017 end, and is anticipated to register a CAGR of 4.7% in terms of value over the forecast period. Organic dairy processors are required to graze their cattle on organic pastures. However, not all comply with the prescribed standards. Hence, organic stakeholders such as the organic dairy associations have urged the USDA to enforce a policy for the use of pasture. In 2010, the USDA published a new policy to ensure the grazing of organic pasture by cows. These laws prescribed that the animals should graze during the grazing season and at least 30% of dry matter intake should be done while grazing pastures, and processors must have a pasture management plan so as to meet the feed requirements.
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The Organic Milk Powder market report answers the following queries:
- Why the demand for segment increasing in region?
- At what rate the Organic Milk Powder market is growing?
- What factors drive the growth of the global Organic Milk Powder market?
- Which market players currently dominate the global Organic Milk Powder market?
- What is the consumption trend of the Organic Milk Powder in region?
The Organic Milk Powder market report provides the below-mentioned information:
- Breakdown data at the regional level as well as revenue and growth of the Organic Milk Powder in these regions.
- Distribution channels, and consumption patterns, of the global Organic Milk Powder market.
- Scrutinized data of the Organic Milk Powder on the basis of country, including market share and revenue of the important countries.
- Critical analysis of every Organic Milk Powder market player, such as, collaborations, acquisitions, and product launches.
- Trends influencing the Organic Milk Powder market growth, including ecological preservation, regulatory norms and R&D developments.
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Research Methodology of Organic Milk Powder Market Report
The global Organic Milk Powder market study covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units). Both top-down and bottom-up approaches have been used to calculate and authenticate the market size of the Organic Milk Powder market, and predict the scenario of various sub-markets in the overall market. Primary and secondary research has been thoroughly performed to analyze the prominent players and their market share in the Organic Milk Powder market. Further, all the numbers, segmentation, and shares have been gathered using authentic primary and secondary sources.