Raw Milk Vending Machine Market Worth US$ 17.97 Mn by 2024

Raw milk vending machine is an equipment, which dispenses milk consequently, when the client embeds cash into the machine. Backhanded milk utilization through chocolates, solidified yogurts, and cheddar are foreseen to raise the interest for milk in the coming years, hence cultivating the development of raw milk vending machine market. Development in milk creation and utilization of milk drive the raw milk vending machine market development in the European locale. The worldwide raw milk vending machine market is relied upon to develop generously from 2017 to 2025.

The Raw milk vending machine market is additionally liable to be supported by the expanding utilization of milk because of developing mindfulness about its medical advantages. Besides, roundabout utilization of milk through chocolates, cheddar, margarine, and desserts are additionally ready to add to the heightening of milk deal sooner rather than later, accordingly supplementing the establishments of Raw milk vending machine.

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  • The positive effect on the ascent of the raw milk vending machines market is being made by the plunging milk costs and the taking off milk creation. The decrease in the normal cost of milk and rising creation levels has made an unfruitful circumstance for milk ranchers. This will thusly lead them to investigate elective income strategies. More ranchers are in this way putting resources into crude milk candy machines as they dispense with the requirement for go betweens by straightforwardly taking into account the clients.
  • The raw milk vending machines market in Europe faces limitations, for example, the chance of bacterial development in milk holders. Attributable to these reasons, the high possibility of food contamination because of utilization of raw milk vending machines is antagonistically affecting deals.

Rising Milk Production Propels Use of Vending Machines for Sale of Milk

The increasing affordability of milk due to rising disposable incomes and the dropping prices of milk are propelling the adoption of raw milk vending machines all across Europe. This market will also benefit from the increasing production of milk all across the region. Furthermore, the processing of milk to make various dairy products such as ice creams, chocolates, cheese, and buttermilk are also driving this market. The research report states the opportunity in the Europe raw milk vending machine market was worth US$6.45 mn in 2015 and will reach US$17.97 mn by 2024. During the forecast period of 2016 and 2024, the market will surge at a CAGR of 12.5%.

EU7 Countries to Remain Key Contributors to Market

The EU7 countries are anticipated to witness maximum installations of raw milk vending machines in the near future. This trend will be a result of high demand for raw milk in countries such as Italy and France. Additionally, a phenomenal rise in milk production, discontinuation of milk quotas, and a drop in milk prices has created a negative impact on dairy farmers across Europe. Thus, to gain profits and to find innovative ways to sell dairy products, farmers are opting for selling through raw milk vending machines.

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Amongst the CIS countries, the contribution for commercial milk is exceptionally less due to the existence of family farms that are focusing on strengthening their agriculture activities. Russia is the key contributor in this sub-regional segment. The negligible growth of raw milk vending machines market in these regions will also be due to the rearing of livestock for personal use. The CIS raw milk vending machine market will only surge by CAGR of 9.0% between 2016 and 2024.

The Europe raw milk vending machine market is also growing against the increasing consumption of milk as more and more people are appreciating health benefits of milk. Furthermore, the growing awareness of organic products is also anticipated to increase the popularity of raw milk vending machines in the near future. The indispensable reliance on milk to produce cheese, especially in countries such as Italy, France, and Poland, will propel the demand for raw milk, thereby increasing the adoption and usage of raw milk vending machines.

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