Organic Dairy Food and Drinks Market to Reach $38.77 Bn, Globally, by 2026 at 10.2% CAGR, Says Allied Market Research

Increase in awareness regarding health concerns, rapid technological development of novel products, and surge in government initiative to encourage organic farming are expected to propel the growth of the global organic dairy food and drinks market

PORTLAND, Oregon, Aug. 1, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Organic Dairy Food and Drinks Market by Type (Organic Milk, Organic Yogurt, Organic Cheese, and Other Organic Dairy Food and Drinks): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global organic dairy food and drinks market accounted for $17.85 billion in 2018 and is expected to reach $38.77 billion by 2026, registering a CAGR of 10.2% from 2019 to 2026.

Rising awareness regarding health concerns, emergence of environment protection, rapid technological development of novel products, and surge in government initiative to encourage organic farming techniques have boosted the growth of the global organic dairy food and drinks market. However, high price of organic dairy products and shorter shelf life of organic dairy products hamper the market growth. On the contrary, emerging geographical regions are expected to create lucrative opportunities in the near future.

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Organic cheese segment to manifest the fastest growth by 2026

By product type, the organic cheese segment is expected to portray the fastest CAGR of 10.6% during the forecast period, owing to availability of quality natural cheese at affordable prices and with new flavors. Moreover, continuous addition of flavors with peppery, smoky, and gourmet varieties with nuts and dry fruits supplement the market. However, the organic milk segment dominated the market, accounting nearly half of the market, owing to rise in health awareness and increased focus on animal welfare and environment protection coupled with trend of using organic milk to reduce health risk. The report offers an analysis of the other segments such as organic yogurt and other organic dairy food and drinks.