Organic Milk Powder Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Organic Milk Powder Market grew at a CAGR of 4.6% between 2017-2021 and is estimated to be US$ 1893.6 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.9% and is expected to reach a valuation of US$ 3,055.2 Mn by 2032 end.
The popularity of organic milk among health-conscious consumers, its use in a variety of food products such as yogurt, milk foods, ice creams, and baked goods, and the consequent rise in the number of consumers who favor natural products are all contributing to the market’s expansion.
OVERALL INCREASE IN ORGANIC MILK PRODUCTS TO DRIVE MARKET EXPANSION
The demand for food and drink items made from organic sources is expanding rapidly worldwide. This is because most milk producers and consumers are learning about the negative environmental effects of traditional dairy and milk production. Countries all over the world are promoting organic farming methods as a result, which includes dairy products. As a result, the market for organic milk products and organic milk powder is rising.
Pesticides, antibiotics, urea, other solvents, and hormones used on dairy animals to increase milk production may all be present in conventional milk. This can significantly impact a person’s health, but organic milk is free of all these things and is, therefore, of higher quality.
ADDITIONAL COSTS ASSOCIATED WITH ORGANIC FARMING PRACTICES
Processing organic milk costs more than processing conventional milk since using organic farming methods comes with additional expenses. Additionally, raising organic dairy cows comes with other fees that drive up the cost of organic milk, which impacts both the production and sales of organic whole milk powder.
Large-scale production of organic whole milk powder also utilizes pasteurized milk. However, the high price of pasteurized milk due to the labor-intensive process required to pasture raw milk is anticipated to restrain the market’s expansion for organic whole milk powder.
FLAVORED-ENHANCED ORGANIC MILK POWDER IS GAINING POPULARITY
Due to its greater taste and several health advantages, flavor-enhanced organic milk powder is becoming a consumer favorite. In response to the rising demand for organic food items, manufacturers are flavoring their organic milk powder options with flavors like chocolate, strawberry, and blackberry.
Customers largely favor these flavors since they enhance the flavor of oats. Furthermore, a significant factor anticipated to help expand the organic milk powder market over the coming years is consumers’ growing inclination for food products with vibrant flavors.
Numerous nations’ economies have experienced a decline as a result of the COVID-19 epidemic, and many key industries, notably the food and beverage sector, are seeing a slowdown in activity. Since organic dairy consumption is still in its infancy in some parts of the world, organic milk powder is a growing business in the food and beverage sector.
Market disruptions brought on by the global pandemic’s effects on the supply chain have notably affected the market for organic milk powder. The supply of organic milk from farms has been hampered by a lack of trade activity, which has also involved the final product of organic milk production.
The market for organic milk powder now faces a demand-supply imbalance due to COVID-19. However, the impact can be reduced when lockdowns relax in many European countries.
Market Segments Covered in Report
By Region and Country:
Why is Whole Milk estimated to account for the largest market share?
Whole milk is less popular among people who are worried about their weight or following a special diet, although many customers regard it as the most natural. Whole milk powder is preferable for people who need a lot of calories because it contains more. It is also employed as a thickening agent in foods that require a thicker consistency.
Which end-use is expected to expand the fastest during the forecast period?
Dietary Supplements are expected to expand the fastest during the forecast period
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
It is projected that more milk will be converted into commodities like milk powders due to increased organic milk production. Manufacturers of organic milk powder are spending money on R&D to create new and improved production methods and marketing organic dairy products’ advantages.
By strategically working together, manufacturers may improve production, meet consumer demand, and boost sales of organic milk powder. Due to the development of cutting-edge packaging techniques and technology, consumers may benefit from organic packaging. An effective strategic alliance can increase a company’s capacity for production.
The key development in the Global Organic Milk Powder Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Sales, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
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In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.9%.
The overall increase in organic milk products to drive market expansion.
Major global Organic Milk Powder Market players are Nestlé SA, Fonterra Co-operative Group, Organic Valley, SunOpta, Inc., OMSCo, Arla Foods amba, HiPP GmbH & Co. Vertrieb KG, Aurora Foods Dairy Corp., Ingredia SA, Sodiaal Union SCA, NuManna, NOW Foods, Bayerische Milchindustrie eG, Organic West Milk, Inc.
The high price of pasteurized milk as a result of the labor-intensive process required to pasture raw milk is anticipated to restrain the market’s expansion for organic whole milk powder.
North America is expected to account for the largest market revenue share in the Global Organic Milk Powder market.
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