Pune, India, September 2020, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Goat Milk Derivatives Market.
Global Goat Milk Derivatives Market is projected to be valued at USD 9,817.33 Million by 2026, expanding at a CAGR of 4.71% during the forecast period. The prevalence of the high nutritional value of goat milk and its derivatives is one of the key factors behind the growth of the market. With increasing awareness among the global population regarding its health benefits, demand for goat milk derivatives is anticipated to increase. Goat milk is highly nutritious and contains essential vitamins and minerals. It is rich in calcium, potassium, and other essential nutrients as well. Additionally, dairy products such as yogurt derived from goat milk are a major source of calcium and potassium by providing 30% and 17%, respectively, of the Nutrient Reference Value (NRV), which form as an important aspect in lowering blood pressure. Furthermore, goat milk derivatives are rich in prebiotic that helps maintain the health of the digestive tract and gut microbiome by encouraging the growth of beneficial gut bacteria.
Additionally, goat milk is a good source in the management of certain allergies, gastrointestinal disorders, CVD, osteoporosis, hypertension, colic, and antimicrobial protection. This further expected to drive the goat milk derivatives during the forecast period. Hence, the increasing awareness of the health benefits of goat milk derivatives is anticipated to be a key factor in boosting the market during the forecast period.
Global Goat Milk Derivatives Market has been segmented based on Type, Application, and Region.
By type, the global goat milk derivatives market has been divided into full cream goat milk powder, skimmed goat milk powder, goat whey protein concentrate, goat demineralized whey powder, goat lactose, and others. The full cream goat milk powder segment accounted for the largest market share of 42.03% in 2019 and is projected to register a 4.81% CAGR during the forecast period. Full cream goat milk powder is produced by spray-drying whole fresh goat milk. Goat milk powder contains natural fat and protein content when it is spray dried. However, the contents are subject to change based on seasonal fluctuations, and the process is modified to incorporate the fat and protein content according to the end-use application. Full cream goat milk powder has applications in a wide variety of foods, such as cheese, ice-cream, dairy drinks and desserts, infant and follow-on formula, nutritional supplements, and tablets. However, the skimmed goat milk powder segment is expected to exhibit the highest CAGR of 4.86% during the review period.
Based on application, the global goat milk derivatives market has been classified into infant formula, cheese, yogurt, ice cream, and others. The infant formula segment accounted for the largest market share of 41.36% in 2019 and is projected to register a 4.71% CAGR during the study period. Infant formula made from goat milk derivatives is becoming increasingly popular in the global market. Owing to its digestive capabilities, goat milk derivatives can be easily consumed and digested by infants. Goat milk derivatives contain short and medium fatty acids, which makes it easier for an infant to digest. Additionally, goat milk products are less allergic, which makes them more suitable for consumption. Furthermore, infant formula derived from goat milk derivatives help in boosting the immune system. However, the cheese segment is expected to exhibit the highest CAGR during the review period.
Geographically, the Global Goat Milk Derivatives Market has been categorized into North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Europe dominated the market, accounting for the largest share in 2019. North America accounted for the second-largest market share in 2019. Asia-Pacific is projected to register the highest CAGR during the forecast period.
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Market Research Future identified AVH Dairy Trade B.V. (Netherlands), Lacteas Cobreros SA (Spain), Ausnutria Dairy Ingredients (Netherlands), Hoogwegt Groep B.V. (Netherlands), Leeb Biomilch Gmbh (Austria), Goat Partners International Inc. (US), Estrel Ingredients (Spain), Eurial (France), Prolactal (Austria), and A & E Connock LTD (UK) as the Key Players in the Global Goat Milk Derivatives Market.
Key Findings of the Study