PRN: Organic Dairy Products (Foods and Drinks) Market is Expected to Reach USD 15,115.1 Million Globally in 2017: Transparency Market Research
Organic Dairy Products (Foods and Drinks) Market is Expected to Reach USD 15,115.1 Million Globally in 2017: Transparency Market Research
ALBANY, New York, June 26, 2012 /PRNewswire/ --
According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Organic Dairy Products (Foods And Drinks) Market - Global and South Korea Market Forecasts, Size, Trends, And Industry Analysis 2011 - 2017," the global organic dairy foods and drinks market was worth USD 9,357.4 million in 2011 and is further expected to reach USD 15,115.1 million in 2017, growing at a CAGR of 9.1% from 2011 to 2017. Globally, the U.S was the largest regional market at USD 4,257.6 million in 2011; however the Asia Pacific region is expected to enjoy the highest growth rate at a CAGR of 20.2% from 2011 to 2017.
Browse the full report atÂ http://www.transparencymarketresearch.com/organic-dairy-foods-and-drinks-market.htmlÂ
The global demand for organic foods and beverages has been steadily increasing over the last decade. Growing awareness regarding health benefits as well as the adverse affects of pesticide residues have been the key factors behind this growth. Owing to this surge, organic farmland and production has doubled in the last five years. Â Organic dairy foods, which include milk, yoghurt, cheese, butter and ice-cream accounted for 19% of the total market, amounting to sales of around USD 8,987.7 million in 2011. The market is dominated by U.S. and Europe, which together accounted for 93.1% of the global demand in 2011. The U.S. and Europe organic dairy sector continues to show steady growth, growing overall by 8.2% and 7.9% respectively during 2012.
South Korea is witnessing continuous growth in consumption of organic dairy products and is expected to grow robustly from 2011 to 2017. The South Korean organic dairy market is predicted to reach USD 418.6 million by 2017. Consumers in South Korea are increasingly willing to purchase organic dairy products as they become more aware of the importance of healthy eating. Organic dairy products such as milk, yoghurt, cheese and many more are gaining popularity due to health benefits they offer. Â The South Korea market is witnessing strong organic dairy products' demand due to increase in standard of living, spending power and awareness among people. The buyers of these products include educated consumers and conventional retailers. Moreover, consumers are ready to pay premium prices! for organic dairy products as demand exceeds supply in the South Korean market.
Organic Dairy Foods and DrinksÂ Segments Covered
- Organic milk
- South Korea
- Rest of the World (RoW)
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