Asia-Pacific Organic Dairy Food & Beverage Market by Trends, Size and Forecast to 2028
This Research envisions that Asia-Pacific Organic Dairy Food & Beverage Market would witness a compound annual growth rate of 10.86% over the forecast period 2019-2028.
China, Japan, India, South Korea, Australia & New Zealand, ASEAN countries, and Rest of APAC together form the market in this region.
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South Korea’s organic milk market is witnessing rapid expansion. This is attributable to the growing demand from young parents, who are willing to spend their money to provide high-quality foods & beverages to their kids. Organic milk is sold at a price 30% to 40% higher than its regular variety. Despite this, the sales of this product have spiked in recent years. The growing consumer preference for high-quality or luxury items, coupled with the growing income levels, is driving the demand for organic milk in the country. The increasing demand is responsible for the growth of South Korea’s organic dairy food & beverage market.
In Australia, there is an increasing concern among consumers regarding the presence of pesticides and GMOs (genetically modified organisms) in their food. Therefore, they have turned towards organic foods, and are showing a particular inclination towards organic dairy products. The rising demand for these products has propelled many farmers into organic dairy farming, and has also made manufacturers produce more organic dairy items. Thus, it can be said that the Australian organic dairy food & beverage market is on a growth trajectory.
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Last Update : 15 August 2020 4:21 AM
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