Revenue from the global organic milk powder is estimated to be nearly US$ 1,816 Mn in 2017 and is expected to reach about US$ 3,060 Mn by the end of 2027. Sales revenue is expected to register a CAGR of 5.4% over the forecast period (2017–2027).
Rising consumer demand for healthy and nutritious products in North America driving market growth
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.
Change in policy on pasture to ensure organic pasturing in the United States
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.
The report ‘Organic Milk Powder Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017–2027) is a comprehensive take on the organic milk powder market and elaborates on the various types of organic milk powder based on product type and end use. In 2016, out of the total organic milk produced globally, organic milk powder production volume is estimated to contribute around 5%-10% volume share. Demand for organic milk in the future, particularly in Western Europe region, is expected to increase significantly as companies in Europe such as Prolactal and Ausnutria Hyproca B.V. are planning to establish their manufacturing facilities in other global locations during the forecast period. North America ranks first in both production and consumption of organic milk across the globe. The high requirement for organic milk in U.S.A. and Canada is primarily due to the presence of established organic farming practices and certified organic dairy farms at multiple locations that are in proximity to the organic milk processing companies.
The first part of the report covers the market introduction of the organic milk powder market. The second part contains the global organic milk powder market analysis by product type, by end use, by sales and by region. The third part presents the regional analysis of the organic milk powder market. The last part of the report comprises the competition landscape, which features important players operating in the global organic milk powder market and contains important information about these companies.
In the introduction, pertinent market numbers of the most lucrative region and segment have been covered. This section also contains the executive summary, which is valuable for the report audience to have a cursory glance at this vast market. Besides the executive summary, the introduction also contains the parent market overview of the global organic milk powder market. The product evolution of the global organic milk powder market is also given in the introduction. Besides, the global organic milk powder market pricing analysis and supply chain analysis is presented. The manufacturing process of organic milk powder is discussed in detail. In addition, the introduction also features the PESTLE analysis and Porter’s Five Force analysis. The macroeconomic factors affecting the global organic milk powder market are stated in the introduction along with the market opportunity analysis.
The second part of the report contains the global organic milk powder market analysis by product type, by end use, by sales and by region. This section covers useful market metrics such as BPS analysis, year-on-year growth rates, absolute dollar opportunity and market attractiveness index. The third part of the report contains a region wise analysis and forecast of the global organic milk powder market. This section of the report depicts the regional market dynamics of the global organic milk powder market and highlights the drivers that encourage the growth of this market and the restraints that hamper the growth of this market. Besides the drivers and restraints, the various opportunities and trends in the global organic milk powder market are also discussed.
The last part of the report contains the competitive landscape of the organic milk powder market. This part comprises information on the leading companies operating in the global organic milk powder market. This competition landscape gives a dashboard view of the key companies operating in the global organic milk powder market along with their important information and broad strategy adopted to stay as leaders in the global organic milk powder market. Each of the leading companies is also profiled individually and important information about the company such as company details, company description and product portfolio along with key developments concerning the company and strategic analysis is presented.
Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the organic milk powder market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global organic milk powder market.
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