QY Research in its new report on global organic milk market has thrown light upon the various strategies and visions of the key players in the global organic milk market. This market has been witnessing slow but steady growth in past few years. The global market for organic milk was valued at US$ 4031 million in the year 2017 and is likely to reach US$ 5683 million by 2023 end, expanding at a compound annual growth rate (CAGR) of 4.64% throughout the forecasted period.
There is a rising trend of growth in the average price of organic milk across the world. This trend is expected to continue in the years to come due to the constant rise in the price index. The organic milk sales grown to 3,482 million liters in 2017 from 3079 million liters in 2013 all around the world.
Just like the organic food, the demand and popularity of organic milk is also rising since last few years. This popularity is attributed to the consumers’ inclination towards organically and naturally grown food products. Another factor which is driving the global market for organic milk is the perception of a people about organic food products. People generally think that anything which is organic is healthy and pure. This particular mindset is creating a positive impact on the global organic milk market. People these days have become conscious about environmental issues which are driving the growth of the global market for organic milk.
However, the market is also facing a challenge from many parts of the world. The higher price of organic milk is a major concern which is hampering the growth of the global organic milk market. The milk of those animals which have given antibiotics are not allowed to be sold as organic milk and this particular factor is limiting the development of global organic milk market.
Based on product, global organic milk market is segmented into organic whole milk, organic 2 percent milk, organic 1 percent milk, organic fat-free milk, and others. Organic milk is a small part of the milk market across the world. Organic whole milk and organic milk are the two most preferred types in the global organic milk market, capturing 39 percent and 31 percent revenue share respectively.