Goat Milk Products Market 2022-2028

Title:Global Goat Milk Products Market Size, Share & Trends Analysis Report by Product Type (Cheese, Milk, Milk Powder, Cream and Butter, Ice Cream, Yoghurt, Others), and by Distribution Channel (Online, and Offline) Forecast Period (2022-2028).

The global goat milk products market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period. The benefits associated with goat milk and goat milk products are the major factor driving its demand among consumers and manufacturers. Goat milk is a rich source of proteins, calories, and fats that offers easy digestibility and high nutritional quality. Due to its slightly low lactose content, it possesses a lesser risk of allergies. It is thicker and easy to digest as it has a high concentration of beneficial microbes that support digestion and prevent constipation. Moreover, goat milk contains several prebiotic and anti-inflationary nutrients such as amino acids, phosphorus, calcium, vitamin A, magnesium, and potassium. Thus, owing to its protein-rich benefits, manufacturers are focusing on introducing goat milk and products to cater to the requirements of its consumers. For instance, in 2021, Ausnutria Dairy Corp. Ltd. Launched CBM Goat Power, a range of protein-rich ingredients and (custom) blended concepts derived from Dutch goat milk. The company has also launched organic versions of the CBM goat milk products full cream and skimmed. The goat power range includes skimmed goat protein powders and a whey protein concentrate WPC50%.

The global goat milk products market is segmented based on the product type, and distribution channel. Based on the product type, the market is segmented into cheese, milk, milk powder, cream and butter, ice cream, yogurt, and others. Based on the distribution channels, the market is categorized into online channels and offline channels. Among the distribution channel, the offline channel segment is anticipated to cater to prominent growth over the forecast period. The offline distribution channel can be further divided into hypermarkets/supermarkets, specialty stores, convenience stores, and other that offers easy availability of goat milk products directly to the customers. A majority of goat milk and goat milk product is distributed through dairies or specialty stores, and supermarkets, among others. Thus, major brands of hypermarkets and supermarkets such as Carrefour, Kroger, and others are focusing on partnering and negotiating with farmers and other product manufacturers to obtain fresh goat milk and related products. For instance, in February 2021, Carrefour and Systeme U groups finalized agreements with Sodiaal, Yoplait, Lactalis, Savencia, and Eurial. These agreements will increase the price of milk (as contractually produced for large and medium retail outlets in France).

Geographically, the global goat milk products market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to hold a considerable share in the global goat milk products market owing to the increasing consumption of dairy products and growing awareness relating to the health benefits of goat milk and milk products. According to the US Department of Agriculture (USDA), per capita consumption of dairy products was 655 pounds in 2020, an increase of 26 pounds from 2015 per capita consumption (628 pounds). As per the same source, as of January 2017, the US had 373,000 milk goats. Moreover, the presence of major key players such as Meyenberg Goat Milk, Kabrita USA, Atalanta Corp, Redwood Hill Farm and Creamery, and others is further adding to the growth of the market in North America.

The major companies serving the global Ggat milk products market include Good Goat Milk Co., Atalanta Corp., Redwood Hill Farm & Creamery, Inc., Saputo Inc., St Helen's Farm Ltd, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, Oete Goat Farm launched a 1-litre bottle of 'Before Cow' (BC) A2 goat's milk in Auckland supermarkets - with plans to go nationwide. To launch goat's milk, the company selected Matt Bolton and enlisted Auckland marketing agency Pitchblack Partners as a partner.

Research Methodology

The market study of the global goat milk products market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.

• Whitepapers, research papers, and news blogs.

• Company websites and their product catalog.

The report provides an in-depth analysis of the market size and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Global Goat Milk Products Market Research and Analysis by Product Type.
• Global Goat Milk Products Market Research and Analysis by Distribution Channel.

The Report Covers:

• Comprehensive research methodology of the global goat milk products market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global goat milk products market.
• Insights about market determinants that are stimulating the global goat milk products market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.