Global Goat Milk Products Market - 2023-2030

Market Overview

The global goat milk products market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 4.8% during the forecast period (2023-2030).

One of the most popular dairy products consumed worldwide is goat milk. In reality, goat milk is consumed by around 3/4 of the world's population on a daily basis. The increase in consumers who are health-conscious, the rise in the number of infants, and technological advancements are the main drivers of the growth. Products made from goat milk are a great source of protein, calories, and fat. It has a slightly lower lactose content and is therefore creamier, thicker, easier to digest, and less likely to cause allergies. Products made from goat milk are rich in phosphorus, potassium, calcium, and magnesium.

Market Dynamics

The expansion of the market is driven by rising demand for goat cheese

The demand for goat milk is anticipated to increase as consumers become more and more drawn to the cheese made from goats because of its flavour and supple texture. It is more difficult to digest than goat's cheese because goat milk's counterparts have bigger fat molecules. This is a significant additional factor that contributes to consumers choosing goat-derived products over those made from other animals. For a long time, people have preferred goat cheese to cheese made from cow's milk. Goat milk is still the most common type of milk consumed by people in many parts of the world. It is prized for its mild flavour, which is earthy, and for how easily it digests. In almost any recipe, goat cheese can be substituted for cheese made from cow's milk. Goat cheese is an excellent option for anyone looking to expand their palate because it is simple to find in almost any supermarket or health food store and offers a number of nutritional advantages.

The market will grow as more people become health conscious

The main factors driving the growth are an increase in consumers who are more health conscious, an increase in the number of babies, and technological advancements. Goat milk products contain an abundance of vitamins, minerals, energy, and fat. It is creamier, thicker, easier to digest, and less likely to cause allergies because of the slightly lower lactose content. They contain large amounts of potassium, calcium, magnesium, vitamin A, and phosphorus.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global goat milk products market is segmented based on product, distribution channel and region.

Due to its health advantages powdered milk leading the way

Over the forecast period, the powdered milk is anticipated to expand at a CAGR of XX%. Manufacturers of infant formula are beginning to take notice of it. The National Center for Biotechnology Information (NCBI) reports that China is the world's largest importer of dairy products, including powdered goat milk, which is used in particular for the production of infant formula. Compared to liquid goat milk, powdered goat milk is more expensive and has a longer shelf life. For instance, on july 30, 2020 The manufacturer of products made from goat, sheep, and cow's milk, Delamere Dairy, has launched its Goat's Powdered Milk, which it calls a "UK first." Once stirred into warm water, the 400g box of the product yields up to 3.8 litres of goat's milk. It can stay fresh for up to four weeks.

Geographical Analysis

Asia Pacific holds the highest share in the global goat milk products market

In 2022, Asia Pacific dominated the market and generated XX% of global revenue. The world's biggest producers and consumers of goat milk are India, Pakistan, Bangladesh, and China. With about 25% of the world's output, India leads the world in both production and consumption. Only the Asia Pacific region contains 60% of the world's goat population, according to NCBI. On the other hand, Over the forecast period, revenue in Europe is expected to increase at a CAGR of XX%. Demand for goat milk in the area is largely being driven by rising consumer preference for healthy foods as a result of the growing health and wellness trend. The main contributors to the regional market are nations like Germany, Italy, and France. The world's biggest importer and exporter of goat milk is Germany. According to estimates, Italy is the biggest consumer of goat milk in the continent, while France is the biggest producer.

Competitive Landscape

The major global players in the market include. The Xi'an Baiyue Goat Dairy Group Co.Ltd., HiPP, Courtyard Farms, Ausnutria Dairy Corporation Ltd., Emmi Group, Goat Partners International Inc., Hewitt's Dairy, Woolwich Dairy Inc., and Holle baby food AG,

Why Purchase the Report?

• To visualize the global goat milk products market segmentation based on product, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of goat milk products market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global goat milk products market report would provide approximately 53 tables, 54 figures and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Emerging Companies