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Global Organic Milk market is expected to reach 5683 million USD by the end of 2023
Global Organic Milk market is expected to reach 5683 million USD by the end of 2023
Publisher: QYResearch
Published Date: 2018/11/19
Organic milk is a small part of the milk market over the world. And debates over the worth of organic products to both producers and consumers have been taking place for long time. It can be classified whole milk, skim milk and semi-skim milk (2%, 1.5%, 1% fat) in the current market.
The global organic milk average price is in the increase trend overall, from 1.05 USD/L in 2013 to 1.16 USD/L in 2017. The price will be in increase trend as the price index rising up in the future. The organic milk sales will reach about 3482 million L in 2017 from 3079 million L in 2013 all around the world, with the CAGR of 3.12%.
North America is now almost the largest consumption country of organic milk in the world and it will keep the same position in the next few years. The North America market took up about 40% the global market in 2017, followed by Europe (36%), and China took up about 11%. As for China, market insiders think the country will become the most potential consuming region in the coming years.
USA, Canada, Germany, UK, Denmark are now the key producers of organic milk. The export and import degree is not high for the industry between regions, considering factors such as the taxes, transportation issues as well as brand influence.
Horizon Organic, Arla, Organic Valley, Emmi and Aurora Organic Dairy are the key producers in the global organic milk market. Sales of top five companies took up about 38% of the global market in 2017. Horizon Organic is the largest supplier in the USA, and Arla is the largest supplier in Europe. Yili, Mengniu, Shengmu Organic Milk are the key suppliers in China for the time being with the total sales share of more than half of the local market.
The global Organic Milk market is valued at 4031 million USD in 2017 and is expected to reach 5683 million USD by the end of 2023, growing at a CAGR of 4.64% between 2017 and 2023.
This article was first released by QYResearch, if reproduced, please indicate the source.
- Posted on: 2018-11-18 23:55:32
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- Item ID: 14993837