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Goat Milk Products Market Research Report – Forecast to 2030

Goat Milk Products Market Research Report Information by Product Type (concentrated, fermented, powdered, fat-rich, others), Packaging Type (bottles, cartons, cans, tubs, others), Distribution Channel (store, non-store), Region - Forecast Till 2030

ID: MRFR/F-B & N/5018-HCR | December 2022 | Region: Global | 100 Pages         

Goat Milk Products Market

Goat milk products market is expected to grow USD 23.61 billion at a CAGR 6.77% during the dorecast 2022-2030.

Segmentation

By Product Type Concentrated Fermented Powdered Fat-rich Others
By Packaging Type Bottles Cartons Cans Tubs Others
By Distribution Channel Store Non-store

Key Players

  • Emmi Group (Switzerland)
  • Ausnutria Dairy Ingredients (The Netherlands)
  • The Good Goat Milk Co. (New Zealand)
  • Hogwegt Group (The Netherlands)
  • Delamere Dairy Ltd. (UK)
  • AVH Dairy (The Netherlands)
  • Orient EuroPharma Co. Ltd. (China)
  • Saputo Inc. (Canada)
  • Hay Dairies Pte Ltd. (Singapore)
  • Quidditas Farms Pvt. Ltd. (India)

Drivers

  • Growing consumer medical concerns
  • Demand in bone-related medical conditions
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Goat Milk Products Market overview


Goat milk products market is expected to grow USD 23.61 billion at a CAGR 6.77% during the dorecast 2022-2030.

According to the reports, the global goat milk products market size is predicted to increase considerably during the forecast timeframe due to the increasing desire for dairy products and the growing awareness of the importance of health amongst customer perception. Going raw and organically with goat milk is a healthier choice when compared to other forms of milk, particularly when goat milk is fresh and natural. It is estimated that goat milk accounts for around 2% of the world's total milk supply, with the proportion of goat milk likely to grow significantly over the next several years. Various research has shown that cow's milk may be a prevalent source of food allergies in youngsters, as per the findings. As a result, parents are urged to regularly convert goat milk to their kids to meet their nutritional needs.


Moreover, goat milk has nutritious advantages such as immunity enhancement and strong bones, which contribute to expanding the goat milk products industry. One of the most significant advantages of goat farming, among many other things, is the flexibility and resilience of goats to a wide range of environmental circumstances. Furthermore, goats may be milked directly as well as electronically with relative ease. Moreover, goat milk is readily digestible when ingested, and it has several other health advantages, all of which contribute to the expansion of the goat milk products market outlook.


This report contains all the information on the global goat milk products market analysis and its strengths. The report also includes the culmination of dynamics, segmentation, key players, regional analysis, and other essential factors. And a detailed analysis of the goat milk products market forecast for 2030 is also included in the report.


 Covid 19 Analysis


Globally, the COVID-19 outbreak has harmed several businesses, including the Goat Milk Products Market for goat milk products. The COVID-19 epidemic that began in early 2020 has also increased the desire for goat milk. As a consequence of the pandemic, there has been an increase in the use of goat milk, which has immune-boosting properties.


Market Dynamic         


Drivers


Goat milk products are becoming more popular due to growing consumer medical concerns about the incidence of lifestyle illnesses, like obesity, cardiovascular disorders, diabetes, hypertension, etc. The aging population, which is more likely to suffer from bone-related medical conditions, boosts the goat milk products market's growth.


Opportunities


In addition, people are becoming more mindful of the health advantages of goat milk, especially among those who are more health-conscious. More and more people are turning to goat milk since it has less lactose, fueling the industry.


Restraints


Furthermore, the spike in the number of customers adopting a vegan lifestyle is predicted to put a crimp in the expansion of the worldwide Goat Milk Products Market's development.


Challenges


However, food safety, related legislation, and transportation are some of the issues that the industry has to contend with. The goat milk products market is likely to see a slowdown in development during the forecast timeframe due to a rise in food safety issues.


Cumulative Growth Analysis


APAC is likely to expand the quickest during the projection period, while North America will have the biggest incremental increase. Markets including Brazil, India, Argentina, Peru, and Turkey are likely to rise rapidly. Consumer awareness is projected to rise. The demand for Goat Milk Products Market is expected to grow owing to its use in newborn formulae. Unlike cow and breast milk, goat milk is strong in protein and readily digested. APAC contributes over 51% of sales, with most consumption centered in China. Product variety, marketing, and advertising are increasing. Lactose intolerance is also boosting goat milk product market value in Asia.


Value Chain Analysis


According to the reports, To better understand the goat milk products market, it has been split into four categories: product type, distribution channel, packaging type, and geography. Based on product type, the market has been divided into concentrated products, fat-rich products, fermented goods, powdered products, and other categories of products. The market has been divided based on packaging used, including bottles, tubes, cartons, cans, and other containers. The market has been divided into two categories depending on the distribution channel used: store-based and non-store-based.


Segmentation Overview


The market is segmented based on product type, distribution channel, packaging type, and geography. The global goat milk products market trend is expected to witness decent growth during the forecast period.


By Application


The Application is segmented into concentrated products, fat-rich products, fermented goods, powdered products, etc.


By end-users


The market is segmented into bottles, tubes, cartons, cans, and other containers.


Regional Analysis


According to the reports, the global Goat Milk Products Market has been divided into North America, Europe, Asia-Pacific, and the Rest of the world. The goat milk products industry in North America is further divided into the United States, Canada, and Mexico. Goat milk products are most popular in Asia-Pacific because of the region's large goat population, which is utilized for food, income, and manure. In emerging Asia-Pacific nations like Bangladesh, India, and Pakistan, goat milk accounts for most of the world's supply.


The goat milk products market share in Africa has grown significantly during the last several years. The nation that produces the most goat milk is Sudan. Goats are bred primarily for meat and dairy in Sudanese rural regions. For such a reason, the market for goat meat is growing in Sudan, where goats can thrive in a dry environment.


Competitive landscape


Commercial purchasers would profit greatly from the rise in internet usage since they will have a wide range of alternatives to choose from, including price, product characteristics, brand image, and post-sale solutions. During the projection period, digital distribution platforms are likely to arise as a game-changer.


Major Key Players



  • Emmi Group (Switzerland)

  • Ausnutria Dairy Ingredients (The Netherlands)

  • The Good Goat Milk Co. (New Zealand)

  • Hogwegt Group (The Netherlands)

  • Delamere Dairy, Ltd. (UK)

  • AVH Dairy (The Netherlands)

  • Orient EuroPharma Co. Ltd. (China)

  • Saputo, Inc. (Canada)

  • Hay Dairies Pte, Ltd. (Singapore)

  • Quidditas Farms Pvt., Ltd. (India)


Report Overview


The following report comprises of –



  • Market overview

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview

  • By Application

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent Developments


Goat Milk Products Market dominated the worldwide market in 2021 due to its high level of consumption purposes. Additionally, several initiatives are being announced by governments throughout the world to boost the dairy industry's expansion.


Global Market, by Product Type



  • Concentrated Products

  • Fermented Products

  • Powdered Products

  • Fat-rich Products

  • Others


Global Market, by Packaging type



  • Bottles

  • Cartons

  • Cans

  • Tubs

  • Others


Global Market, by Distribution Channel



  • Store Based

  • Non-store Based


Global Market, by Region


North America



  • US

  • Canada

  • Mexico


Europe



  • Germany

  • France

  • Italy

  • The Netherlands

  • UK

  • Rest of Europe


Asia-Pacific



  • Japan

  • China

  • India

  • Australia & New Zealand

  • Rest of Asia-Pacific


Rest of the World (RoW)



  • South America

  • Middle East

  • Africa



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 23.61 Billion
  CAGR   6.77%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product Type, Packaging Type, Distribution Channel, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Emmi Group (Switzerland), Ausnutria Dairy Ingredients (The Netherlands), The Good Goat Milk Co. (New Zealand), Hogwegt Group (The Netherlands), Delamere Dairy, Ltd. (UK), AVH Dairy (The Netherlands), Orient EuroPharma Co. Ltd. (China), Saputo Inc. (Canada), Hay Dairies Pte Ltd. (Singapore), and Quidditas Farms Pvt. Ltd. (India)
  Key Market Opportunities   People are becoming more mindful of the health advantages of goat milk
  Key Market Drivers   Growing consumer medical concerns, Demand in bone-related medical conditions


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Frequently Asked Questions (FAQ) :

Goat milk is quite useful since it is power packed with healthy fats, iron, vitamins, and other important nutrients. As it is high in calcium, it will automatically make your teeth and bone stronger. Drinking this regularly helps in providing enough energy to your body and is definitely a good option for a growing child.

Yes, goat milk is definitely a good option since three servings of goat milk provides 100% of daily calcium requirements. Moreover, the calcium present in the milk as well as other dairy products gets easily absorbed in humans.

Key competitors in the goat milk products industry include Emmi Group (Switzerland), Ausnutria Dairy Ingredients (The Netherlands), The Good Goat Milk Co. (New Zealand), Hogwegt Group (The Netherlands), Delamere Dairy, Ltd. (UK), AVH Dairy (The Netherlands), Orient EuroPharma Co. Ltd. (China), Saputo, Inc. (Canada), Hay Dairies Pte, Ltd. (Singapore), and Quidditas Farms Pvt., Ltd. (India).

The global goat milk products market researchers believe that the market will reach to $23.61 billion by 2030. The CAGR rate of 6.77% from 2022 to 2030.

The regions that are involved in the global goat milk industry includes North America (U.S., Mexico, and Canada), Europe (Germany, Russia, UK, Italy, Netherlands, and rest of Europe, Asia-Pacific (China, India, Japan, Indonesia, Australia, New Zealand, and rest of Asia-Pacific region), and LAMEA (Brazil, Turkey, UAE, South Africa, and the rest of LAMEA.

Depending on the product types, the global goat milk can be divided into milk, milk powder, and cheese.

Goat milk is filled with lactic acid along with fatty acid, which helps in repairing skin barriers and improves the skin texture. Besides, it even contains high amounts of vitamin A, which is once again useful for exfoliating your skin. Due to all these reasons, goat milk is definitely one of the best things for your skin.