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Global Organic Dairy Food & Drinks Market Poised to Reach USD 64.58 Billion by 2033

World 11.09.2024
Source: DairyNews.today
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The global organic dairy food and drinks market, valued at USD 23.16 billion in 2023, is expected to surge to USD 64.58 billion by 2033, according to The Brainy Insights. 
Global Organic Dairy Food & Drinks Market Poised to Reach USD 64.58 Billion by 2033

This impressive growth is driven by the increasing awareness of the health benefits associated with organic dairy products, which boast higher nutritional value compared to conventional dairy. Products such as organic milk, yogurt, cheese, butter, and ice cream are rich in essential nutrients like conjugated linoleic acid (CLA), omega-3 fatty acids, iron, vitamin E, selenium, and carotenoids, making them popular among health-conscious consumers.

Key Market Drivers:

  1. Innovations in Organic Dairy Products: Continuous product innovations, including new flavors and energy-boosting ingredients, are boosting demand for organic dairy. Consumers' prioritization of health and wellness is further expanding the market.
  2. Increasing Disposable Income: With rising urbanization and economic growth, more consumers are opting for premium organic food products, providing significant opportunities for market expansion.

Challenges:

  • High Production Costs: Organic dairy products come with a higher price tag due to the costly organic farming practices involved, which may limit their affordability and market penetration.

Regional Insights:

North America dominates the market, holding a 43.25% share of market revenue in 2023. Higher disposable incomes, improved living standards, and supportive government initiatives are key factors driving growth in this region.

Segment Highlights:

  • Organic Milk Leads the Market: In 2023, the organic milk segment held the largest share, at 32.11%, driven by its nutritional value and growing demand.
  • Offline Retailers in the Lead: Offline retailers dominated the distribution channel with a 23.43% market share, showing the preference for traditional purchasing methods.

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