Published on : Apr 15, 2016
Raw milk vending machines function on the same principle as that of regular vending machines. These automatic dispensers give our raw milk upon successful payment from the end user into container or a bottle. A few of these vending machines also dispense containers or bottles along with the raw milk. The demand for raw milk vending machines is likely to shoot up in the near future as the demand for milk-based products such as chocolates, cheese, and buttermilk rises.
The global raw milk vending machine market is segmented on the basis of geography into EU7 that includes The U.K., Belgium, Italy, France, Spain, Germany, and the Netherlands, CIS or the Commonwealth of Independent States, and Rest of Europe.
Raw Milk Vending Machine to Surge at a CAGR of 15.1% in Rest of Europe
According to analysts, the raw milk vending machine market is expected to grow at a significant pace in Rest of Europe in the coming few years. This market is expected to rise at a CAGR of 15.1% 2016–2024 due to supportive regulatory framework in smaller countries. On the other hand, Norway, Ireland, Greece, and Denmark have boycotted the sale of raw milk via vending machines for now.
EU7 to Contribute Largely to Overall Market
Furthermore, the raw milk vending machines market is expected to receive a boost from the EU7 countries as Italy and France as they are increasing the adoption of these machines. Farmers making sincere efforts for increasing sale of raw milk in various local market as rise in milk production, drop in its price, and discontinuation of milk quotas have all made a negative impact on the milk prices, thereby disappointing the small dairy farmers across the whole of Europe. Therefore, to make the sale of raw milk a profitable business farmers are selling their milk to large dairy corporations. Research indicates that EU7 is likely to contribute more to the overall raw milk vending machines market than the CIS in the coming few years.