Goat Milk Derivatives Market Research Report Information Information By Type (Full Cream Goat Milk Powder, Skimmed Goat Milk Powder, Goat Whey Protein Concentrate, Goat Demineralized Whey Powder, Goat Lactose, Others), Application (Infant Formula, Cheese, Yogurt, Ice Cream, Others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030
ID: MRFR/F-B & N/8851-CR | 100 Pages | Author: Snehal Singh | September 2020
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Global Goat Milk Derivatives Market Overview
Global Goat Milk Derivatives Market is projected to register a CAGR of 4.71% and reach USD 9,817.33 Million by 2030. Goat milk contains protein, fat, sugar, water, and vitamins, vital for maintaining human health. The derivatives obtained from this milk are useful as a functional food for offering nourishment and ensuring the well-being of children and elders, particularly those who are allergic to cow milk. During the preparation of various dairy products based on goat milk, strict hygiene is maintained as goat milk easily gets spoiled by microbes.
Market Dynamics
Global Goat Milk Derivatives Market is expected to grow at a rapid pace during the review period. The growth of the market can be attributed to various factors. Increasing consumer awareness regarding the high nutritional value of goat milk and its derivatives is one of the growth factors driving the global goat milk derivatives market. Additionally, the advantages of goat milk over cow milk are boosting the demand for goat milk derivatives. However, the increasing population of lactose intolerance globally coupled with an increased preference for vegan diet is anticipated to hamper the growth of the global goat milk derivatives market. However, increasing application areas of goat milk derivatives is anticipated to create new market opportunities during the forecast period.
Global Goat Milk Derivatives Market Revenue, By Application, 2030 (USD Million)
Sources: MRFR Analysis
Goat Milk Derivatives Market Segmentation
Based on application, the global goat milk derivatives market has been divided into infant formula, cheese, yogurt, ice cream, and others. The infant formula segment has accounted for a significant share of the global goat milk derivatives market in 2019 and projected to retain its dominance throughout the forecast period of 2020-2026. However, the cheese segment is projected to register the highest CAGR of 4.87% during the forecast period.
Global Goat Milk Derivatives Market Share, By Region, 2021 (%)
Sources: MRFR Analysis
Regional Analysis
Europe is expected to constitute a dominant share of the goat milk derivatives market during the forecast period. The region accounted for a 35.74% share of the market in 2019. Germany is the major contributor to the growth of the European market. The market in the region is projected to register a CAGR of 4.52% during the forecast period of 2022 to 2030. The goat milk derivatives are consumed at a high rate across the North American countries. Increasing usage of goat milk derivatives in the production process of infant formula is anticipated to act as one of the significant factors for the rapid growth of the market in the North America region. However, Asia-Pacific is projected to register the highest CAGR during the forecast period of 2022-2030. Among the Asia-Pacific region, China accounted for a significant market share in 2019.
Key Players
The Key Players in the Global Goat Milk Derivatives Market include 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).
The players operating in the global goat milk derivatives market are focusing on strengthening their geographic footprints through expansion and by launching innovative products.
Goat Milk Derivatives Market Segmentation
Global Goat Milk Derivatives Market, By Type
- Full Cream Goat Milk Powder
- Skimmed Goat Milk Powder
- Goat Whey Protein Concentrate
- Goat Demineralised Whey Powder
- Goat Lactose
- Others
Global Goat Milk Derivatives Market, By Application
- Infant Formula
- Cheese
- Yogurt
- Ice Cream
- Others
Global Goat Milk Derivatives Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia & New Zealand
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Middle East
- South America
- Africa
Intended Audience
- Milk manufacturers
- Goat milk manufacturers
- Goat milk powder manufacturers
- Skimmed goat milk powder manufacturers
- Goat whey protein concentrate manufacturers
- Goat lactose manufacturers
- Infant formula manufacturers
- Cheese manufacturers
- Ice Cream manufacturers
- Traders, Wholesalers, and Distributors
- Governments, Associations, and Industrial Bodies
- Investors and Trade Experts
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 9,817.33 Million (2030) |
| CAGR | 4.71% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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). |
| Key Market Opportunities | Increasing Application Areas |
| Key Market Drivers | Increasing Consumer Awareness Regarding The High Nutritional Value |
Frequently Asked Questions (FAQ) :
The market can achieve a growth rate of 4.71% in the coming years.
The market value by 2030 can be USD 9,817.33 Million.
The factors that favor the market are the mounting consumer awareness with regard to the high nutritional value of goat milk and its derivatives and its advantages over cow milk.
A growth deterrent in the market can be increasing population of lactose intolerant individuals.
The key opportunities in the market include increasing application areas of goat milk derivatives.
The European market share in 2021 was 35.74% globally.
In APAC, China is the most attractive market.
Key Questions Answered
- ✅ Global Market Outlook
- ✅ In-depth analysis of global and regional trends
- ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
- ✅ To understand the capability of the major players based on products offered, financials, and strategies.
- ✅ Identify disrupting products, companies, and trends.
- ✅ To identify opportunities in the market.
- ✅ Analyze the key challenges in the market.
- ✅ Analyze the regional penetration of players, products, and services in the market.
- ✅ Comparison of major players’ financial performance.
- ✅ Evaluate strategies adopted by major players.
- ✅ Recommendations
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