News of Organic Industry
Technavio’s analysts forecast the organic food and beverage market in Europe to grow at a CAGR of 6.79% during the period 2016-2020, according to WhaTech. Its report “Organic Food and Beverage Market in Europe 2016-2020” has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The growth of this market is attributed to the increasing demand for consumption of dairy products and technological advancements in dairy processing equipment. The major drivers are the rising global consumer demand for dairy products, increasing the dairy production and growing the demand for healthier and palatable dairy products. The rising health consciousness among people has increased the consumption of processed dairy products such as skimmed milk.
The emergence of high income urban population group has changed the pattern of milk use. They show the preference for processed milk and milk products over ordinary raw milk because ordinary raw milk is relatively much more perishable and susceptible to disease and processed milk and milk products are convenient to handle and have higher value and facilitate large-scale use.
The Asia-Pacific region is the largest market for dairy processing equipment in the world. The two major countries that contributed the largest market share in this region are Australia and New Zealand. India is the largest producer of milk in the world. Hence, the market for pasteurizers and homogenizers has been consistently rising in the Indian dairy processing equipment market.
Tags: dairy , organic food