The market for raw milk vending machines in Europe is likely to witness a surge in demand over the next few years. The profit earned by dairy farmers from the sale of milk to co-operative organizations has significantly reduced in the recent time. The decreasing price of milk and the suspension of milk quotas have also affected their business severely.
These factors have compelled dairy farmers to try out new trading methods to boost the sale of raw milk in the local markets, in which selling milk through raw milk vending machines has emerged as the most profitable method.
A research study on the Europe raw milk vending machine market by Transparency Market Research (TMR) states that the market is likely to expand at a CAGR of 12.50% between 2016 and 2024 and rise from a value of US$6.4 mn in 2015 to US$17.9 mn by 2024. By volume, the market is projected to rise at a CAGR of 13.30% over the same period and increase from 421 units in 2015 to 1,351 units by 2024.
Browse Full Europe Raw Milk Vending Machine Market Report with TOC :http://www.mrrse.com/europe-raw-milk-vending-machine-market
Raw Milk Vending Machine Market in Rest of Europe to Register 15.10% CAGR 2016-2024
On the regional basis, EU7, the commonwealth of independent states (CIS), and the Rest of Europe are the three main segments of the raw milk vending machines market in Europe. In term of volume, the market in the Rest of Europe is anticipated to report the fastest CAGR of 15.10% between 2016 and 2024.
In the forthcoming years, the EU7 countries (the U.K., Italy, the Netherlands, France, Belgium, Spain, and Germany), collectively, are likely to report a higher adoption rate for raw milk vending machines than the CIS. The declining demand for raw milk in the commercial sector in the CIS region is projected to negatively affect the market for raw milk vending machines in this region over the next few years.
Absence of Strict Regulatory Environment to Fuel Demand for Raw Milk Vending Machines in Rest of Europe
The demand for raw milk vending machines is witnessing a slowdown in major European countries such as Ireland, Denmark, Greece, and Norway on account of the ban on the sale of raw milk using vending machines. However, the situation is just opposite in smaller nations in the Rest of the Europe that lack a strict regulatory environment. These machines are likely to witness a strong demand in these countries over the next few years due to the commercial benefits they offer to farmers.
The market for raw milk vending machines is also expected to witness a considerable rise in the EU7 over the next few years, specifically in Italy and France owing to the growing demand for raw milk and raw milk products such as buttermilk and cheese.
Innovation is the key strategy adopted by the players operating in this market. They are also focusing on expanding their product portfolio in order to strengthen their presence. Some of the major raw milk vending machines manufacturers in Europe are The Milk Station Co. Ltd., ProMeteA, Risto Gbr (Risto Vending), Milk Automation, Brunimat GmbH, DF Italia, and Letina Inox.