Europe Raw Milk Vending Machine Market to Flourish in Nations Encompassed within Rest of Europe
Published On : May 05, 2016 | Category : Consumer Goods & Services
The Europe market for raw milk vending machines is expecting a surge in demand in the forthcoming years. The suspension of milk quotas and the falling prices of milk in Europe have significantly decreased the profit dairy farmers used to make by selling milk to large co-operative organizations, which has affected them severely. Therefore, farmers are trying out novel ways to escalate the sale of raw milk in the domestic market and selling milk through raw milk vending machines has surfaced as the most profitable way among all.
Apart from this, the increasing demand for raw milk and raw milk products such as cheese and buttermilk is also expected to fuel the demand for raw milk vending machines in Europe over the next few years.
According to a research study on the Europe raw milk vending machine market, published by Transparency Market Research (TMR), the market was valued at US$6.4 mn in 2015. Analysts estimate this market to rise at a CAGR of 12.50% during the period from 2016 to 2024 and reach a value of US$ 17.9 mn by 2024. In 2015, the market stood at 421 units in terms of volume. It is further anticipated to expand at a CAGR of 13.30% during the same period and produce 1,351 units by the end of 2024.
Market for Raw Milk Vending Machines in Rest of Europe to Report Fastest Growth Rate
The Europe market for raw milk vending machines has been segmented into three divisions, namely, the commonwealth of independent states (CIS), EU 7, which includes the U.K., the Netherlands, Italy, France, Spain, Belgium, and Germany, and the Rest of Europe. Among these, the Rest of Europe is likely to register the fastest CAGR of 15.10% during the period from 2016 to 2024 in term of volume.
The absence of a strict regulatory environment in smaller European countries is projected to fuel the demand raw milk vending machines in the Rest of Europe in the near future. However, the condition is just opposite in bigger countries such as Greece, Ireland, Norway, and Denmark, which have implemented a ban on the sale of raw milk through vending machines at present.
Owing to these factors, the raw milk vending machine market in the Rest of the Europe is likely to face serious hindrances in the coming years. However, the adoption of raw milk vending machines in EU 7 countries is anticipated to witness a substantial rise over the next few years, specifically in France and Italy.
Low Demand for Raw Milk from Commercial Sector to Affect CIS Raw Milk Vending Machine Market
In the near future, the adoption rate of raw milk vending machine in EU7 countries is likely to be higher than in CIS. The low demand for raw milk in the commercial sector in CIS is anticipated to negatively impact the market for raw milk vending machine in this region in the forthcoming years.
Brunimat GmbH, ProMeteA S.R.L., Letina Inox D.O.O., DF Italia S.R.L., Risto Gbr (Risto Vending), The Milk Station Co. Ltd., and Milk Automation S.R.O. are some of the leading manufacturers of raw milk vending machines in Europe.
Browse Full Europe Raw Milk Vending Machine Market? Research Report With Full TOC @ https://www.transparencymarketresearch.com/europe-raw-milk-vending-machine-market.html