Precise Study on Europe Raw Milk Vending Machine Market Covering Trends, Market Share and Forecast to 2024

ALBANY, USA, 2018-Apr-19 — /EPR Network/ —Market Research Reports Search Engine (MRRSE) has added a new research report to its vast repository on the global consumer goods sector. This report, titled “Europe Raw Milk Vending Machine Market – Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024,” offers a detailed point of view for its users in order for them to gain a market advantage while executing key business decisions.

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According to the report, the Europe raw milk vending machine market is expanding at a CAGR of 12.5% between a forecast period of 2016 and 2024. This market is expected to be valued at US$17.97 mn by the end of this forecast period.

The report also describes the Europe raw milk vending machine market on the basis of volume, according to which it stood at 421 units in 2015 and is expected to progress at a CAGR of 13.3% from 2016 to 2024. By the end of this forecast period, the market is expected to stand at 1,351 units.

The key segmentation category of the Europe raw milk vending machine market used in the report is geography. The report divides the market into EU7, CIS, and the Rest of Europe.

As per the findings stated in the report, the Europe raw milk vending machine market is being propelled by an exceptionally high demand for raw milk from the Rest of Europe region. The market in this region is expanding at a CAGR of 15.1% within the given forecast period. Smaller nations in Europe do not yet have stringent regulatory frameworks for the sale of raw milk, which is boosting this market. On the other hand, nations such as Norway, Denmark, Greece, and Ireland have banned the sale of raw milk through vending machines, significantly stifling the market’s projected growth rate.

The report expects a high rate of adoption of raw milk vending machines in the EU7 regions, owing to a high projected rate of adoption shown by Italy and France in the near future.

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However, the Europe raw milk vending machine market is expected to be hampered by the discontinuation of milk quotas, the reduction in processed milk prices, and the hiking of milk production rates. These factors are expected to negatively affect milk farmers all over Europe. Local and small-scale producers are finding it increasingly difficult to maintain profitability as they lie in opposition to large-scale dairy farms and production companies.

Local producers are therefore looking for other ways to distribute their raw milk production, which is expected to be in the EU7 regions. As a result, the sales of raw milk vending machines are expected to be higher in EU7 than in CIS.

The key players in the Europe raw milk vending machine market, as stated in the report, are Risto Gbr, Milk Automation S.R.O., Letina Inox D.O.O., Brunimat GmbH, and DF Italia S.R.L.

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