Goat Cheese Market - Growth, Trends, and Forecasts (2022 - 2027)

The Goat Cheese market is projected to register a CAGR of 3.6% during the forecast period, 2022-2027.

Widespread acceptance of goat cheese in several countries owing to its health benefits is the primary driver of the market. Additionally, goat cheese producers are introducing goat cheese in different flavors in response to consumers' rising interest in fresh, healthful dairy products. For instance, goat cheese is preferred over its conventional counterparts as it contains more protein and less cholesterol than cow cheese. Moreover, the market is being driven by improvements in goat breed quality and technological advancements in cheese production.

Europe is the world's top producer of goat cheese, with France serving as its largest market. Retail sales are anticipated to be driven by the rising demand for goat cheese products in developed economies including the United States, France, and Germany. Africa and Asia are among the regions that eat the most goat milk, although these regions consume less goat cheese than developed markets. However, the rising prevalence of obesity and cholesterol-related disorders in these regions is anticipated to stimulate the preference for goat cheese during the forecast period.

The global goat cheese market has been significantly impacted by the COVID-19 outbreak. The shutdown of major distribution channels all over the world to prevent the coronavirus spread had a substantial impact on the supermarket/hypermarket segment. Manufacturers focused on new tactics to improve the scenario by investing in online distribution and introducing new products. For instance, the U.S.-based cheese company called Consider Bardwell Farm started online retailing by opening a new website in July 2020.

Key Market Trends

Raising Awareness of the Nutritional Benefits of Goat Cheese

Goat milk and its byproducts, such as cheese, have drawn a lot of consumers' interest, considering that it contains a substantial amount of protein, calcium, lipids, vitamins, and iron. Due to its great nutritional value and along with being low in fat and cholesterol content, goat cheese, a common dairy product, has become a necessary component of many cuisines. Further, goat cheese is great for digestion and contains fewer calories, as compared to bovine cheese, and exhibits a rich nutrient profile including vitamins A, B1, B2, and B3, calcium, phosphorous, and proteins. This in turn drives the consumption of goat cheese as health-conscious consumers are increasingly food products that help to improve digestive health. Therefore rising consumer knowledge about the health advantages of goat cheese along with the increasing interest in gut health and improving diet are the key factors influencing the sales of goat cheese in the worldwide market.

North America is the Fastest Growing Region

In the approaching years, North America is anticipated to hold a significant portion of the goat cheese market due to expanding consumer interest in low-calorie dairy products. Goat milk is becoming more popular among consumers because it is less allergic than cow milk and contains less lactose, making it ideal for those with celiac disease and lactose intolerance. The rise of its regional market has been aided by the presence of numerous well-known goat cheese manufacturers and a reliable supply network. The U.S. market appears as the fastest-growing market in the region and the growth is mainly attributed to the new product launches with innovative flavors and tastes. Some of the well-known brands in the country include Bermuda Triangle, Bijou, Providence, Herbes de Provence Chevre, Purple Haze, and Midnight Blue, among others. North America is a significant supplier of goat cheese to the international markets as a result of technological advancements in manufacturing operations. For instance, in 2022, The leading goat cheese producer in North America, Montchevre, stated that the finely developed technique and quality milk give Crumbled Goat Cheese a great tang, freshness, texture, and taste.

Competitive Landscape

The global goat cheese market is highly competitive with major players focused on product innovation and improved cheese processing techniques to gain a competitive advantage. For instance, In January 2021, Laura Chenel Launched a New Line of Goat Cheese Logs. For home cooks and millennials looking for novelty and variety in high-quality goat cheese, the company has launched a new range of 4 oz goat cheese logs. The product was introduced in eight new flavors, including fruity, herbal, sweet, and savory. Key companies identified in the market are Carmelis Goat Cheese, AVH Dairy Trade B.V, Laura Chenel's Chevre, Inc., Cherry Glen Goat Cheese Co., and Haystack Mountain Goat Dairy. These companies invest in strategic partnerships and collaborations with other operators for business expansion into undeveloped markets.

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