Organic Dairy Products (Foods And Drinks) Market - Global and South Korea Market Forecasts, Size, Trends, And Industry Analysis 2011 – 2017
Albany, NY -- (SBWIRE) -- 09/30/2014 -- Transparency Market Research, in its latest research report states, the global organic dairy products market will grow significantly in the coming years. The organic dairy products market was US$9,357.4 million in 2011 and expected to grow at a CAGR of 9.1% from 2011 to 2017. The report “Organic Dairy Products (Foods And Drinks) Market - Global and South Korea Market Forecasts, Size, Trends, And Industry Analysis 2011 – 2017” is available for sale on the company’s website.
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The past decade has witnessed a steady rise in the global demand for organic food items. The factors contributing to this demand are increasing awareness of eating healthy and irreparable damage that pesticides cause to every form of life. In order to cater to this kind of growing demand, the farmlands for organic dairy products have doubled the production in the past five years. Organic dairy foods include milk, cheese, yoghurt, butter, and ice-cream collectively reported a sale of US$8,987.7 million in 2011, tantamount to 19% of the total market. According to industry analysts, the organic dairy products market was dominated by Europe and U.S. The two regions collectively accounted for 93.1% of the total global demand for organic dairy products 2011.
The South Korean demand for organic dairy products is expected to grow at a significant rate from 2011 to 2017. The organic dairy products market is expected to reach US$418.6 million by 2017 in South Korea. The biggest market drivers for the South Korean organic dairy products market are increasing consumer awareness about healthy food products, increasing standard of living, and rising spending power of people. Organic dairy products such as cheese, yogurt, and milk are also being demanded in large proportions as more and more people are becoming aware of its health benefits. Most of the organic dairy products buyers are conventional retailers and educated consumers. Consumers are also ready to pay a premium on prices due to shortage of supply of organic dairy products. Innovative products in the organic dairy products market is also adding to the growth. Attention grabbing marketing campaigns to promote the health benefits of organic dairy products is also helping in increasing the reach of these products.
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Exceptional scientific research in the organic dairy product market with a focus on keeping these organic dairy products as healthy as possible till they reach the end-consumer is pushing the growth of this market to newer heights. As new food and drink products get added to the organic dairy products market, the industry is experiencing a steady growth with the trend only expected to continue in the near future.
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