PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1438023
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1438023
Goat Milk Products Market Forecasts to 2030 - Global Analysis By Product Type, Packaging Type, Distribution Channel, and By Geography
According to Stratistics MRC, the Global Goat Milk Products Market is accounted for $16.4 billion in 2023 and is expected to reach $29.4 billion by 2030 growing at a CAGR of 8.7% during the forecast period. Goat milk products encompass a variety of dairy goods derived from the milk of goats. Common goat milk products include goat cheese, yogurt, and butter. Goat milk is naturally easier to digest due to smaller fat globules and a protein structure similar to human milk. Beyond their palatable qualities, goat milk products are lauded for their potential health benefits. Furthermore, goat milk is often considered a source of essential nutrients like calcium, vitamins, and minerals, making it a viable choice for those seeking a nutrient-dense and digestible alternative to cow milk products.
According to National Center for Biotechnology Information (NCBI), China is the largest importer of dairy products and imports powdered goat milk, especially for baby formula manufacturing.
Market Dynamics:
Driver:
Rising health consciousness
The awareness of goat milk's potential health benefits, including its potential to boost the immune system and support bone health, has driven consumer preferences. As people become more mindful of their dietary choices and overall well-being, there is a growing inclination towards healthier and nutritionally superior alternatives. In addition, it is known for being easier to digest compared to cow milk, and it contains essential nutrients such as vitamins, minerals, and proteins, which significantly drive this market's expansion.
Restraint:
High cost
The limited supply of goat milk drives up the cost of raw milk, affecting the overall cost of goat milk products. The labor-intensive nature of goat farming, such as milking and handling, can contribute to higher labor costs. Furthermore, the processing and manufacturing of goat milk products require specialized equipment and facilities, which may involve additional investments and maintenance costs, thereby gradually hindering this market size.
Opportunity:
Innovations in processing and packaging
Technological innovations have allowed for the development of more efficient and sustainable production methods. These advancements ensure that the nutritional integrity of goat milk is preserved during processing, meeting the demands of health-conscious consumers. Moreover, innovations in processing contribute to the diversification of goat milk product offerings, including cheese, yogurt, and milk, expanding the market's overall appeal.
Threat:
Lack of standardization
The absence of standardization can create barriers to trade and market access with varying regulations and standards across different regions or countries, leading to additional costs and delays for producers and distributors. Moreover, the lack of standardization makes it difficult for consumers to compare and evaluate different goat milk products. This lack of transparency can hinder consumer decision-making and limit market growth.
Covid-19 Impact
The COVID-19 pandemic has adversely impacted the market in several ways. Lockdowns, restrictions, and disruptions in the supply chain have led to challenges in production, distribution, and retail. Moreover, the economic downturn caused by the pandemic has constrained consumer spending, leading to a shift in purchasing patterns that has hampered market size.
The powdered products segment is expected to be the largest during the forecast period
The powdered products segment is estimated to hold the largest share due to a significant player offering convenience, longer shelf life, and versatility to consumers. This segment has gained traction as a viable alternative to liquid goat milk, especially in regions where access to fresh dairy is limited. Furthermore, the powdered form enhances the product's portability and makes it suitable for inclusion in a wide range of recipes, which is driving this segment's growth.
The bottles segment is expected to have the highest CAGR during the forecast period
The bottles segment is anticipated to have highest CAGR during the forecast period due to its crucial role in delivering convenient and accessible options to consumers. These have become popular for their convenience, providing a ready-to-consume format those appeals to a wide range of consumers. Additionally, they cater to consumers seeking a traditional and familiar presentation of dairy products, which is propelling this segment's expansion.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to a surge in demand for goat milk products, including cheese, yogurt, and milk, owing to the perceived health advantages and lactose-friendly nature of goat milk. Moreover, advancements in technology and farming practices have improved the efficiency of goat milk production, ensuring a more consistent and reliable supply and enabling their distribution to a broader consumer base, which is boosting this region's growth.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to dynamic growth and evolving consumer trends. Consumers are increasingly drawn to goat milk products for their perceived health benefits, including easier digestibility and a nutrient-rich profile. The growing popularity of alternative and plant-based diets has also contributed to the increased acceptance of goat milk products. In addition, key players and collaborations have increased consumer education on the nutritional advantages of goat milk, which has driven adoption in this region.
Key players in the market
Some of the key players in the Goat Milk Products Market include Ausnutria Dairy Ingredients, The Good Goat Milk Co., Hogwegt Group, Delamere Dairy, Ltd., Saputo, Inc., Emmi Group, Hay Dairies Pte, Ltd., Orient EuroPharma Co. Ltd., Quidditas Farms Pvt., Ltd., Woolwich Dairy Inc. and Courtyard Farms.
Key Developments:
In September 2023, Equator Coffees has teamed up with Swiss-based ready-to-drink experts Emmi Group for a range of ready-to-drink cold brew products launching in California.
In August 2023, Swiss dairy giant Emmi has partnered with US-based Equator Coffee to release four ready-to-drink cold brew coffee products.
In September 2021, Orient Europharma Launches Two Premium Skin Boosters Aimed to Deliver the Diamond Feel Skin® Result to Consumers.
Product Types Covered:
- Fermented Products
- Powdered Products
- Concentrated Products
- Fat-rich Products
- Other Products Types
Packaging Types Covered:
- Cans
- Cartons
- Bottles
- Tubs
- Other Packaging Types
Distribution Channels Covered:
- Non-store Based
- Store Based
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Goat Milk Products Market, By Product Type
- 5.1 Introduction
- 5.2 Fermented Products
- 5.3 Powdered Products
- 5.4 Concentrated Products
- 5.5 Fat-rich Products
- 5.6 Other Products Types
6 Global Goat Milk Products Market, By Packaging Type
- 6.1 Introduction
- 6.2 Cans
- 6.3 Cartons
- 6.4 Bottles
- 6.5 Tubs
- 6.6 Other Packaging Types
7 Global Goat Milk Products Market, By Distribution Channel
- 7.1 Introduction
- 7.2 Non-store Based
- 7.3 Store Based
8 Global Goat Milk Products Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Ausnutria Dairy Ingredients
- 10.2 The Good Goat Milk Co.
- 10.3 Hogwegt Group
- 10.4 Delamere Dairy, Ltd.
- 10.5 Saputo, Inc.
- 10.6 Emmi Group
- 10.7 Hay Dairies Pte, Ltd.
- 10.8 Orient EuroPharma Co. Ltd.
- 10.9 Quidditas Farms Pvt., Ltd.
- 10.10 Woolwich Dairy Inc.
- 10.11 Courtyard Farms
List of Tables
- Table 1 Global Goat Milk Products Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Goat Milk Products Market Outlook, By Product Type (2021-2030) ($MN)
- Table 3 Global Goat Milk Products Market Outlook, By Fermented Products (2021-2030) ($MN)
- Table 4 Global Goat Milk Products Market Outlook, By Powdered Products (2021-2030) ($MN)
- Table 5 Global Goat Milk Products Market Outlook, By Concentrated Products (2021-2030) ($MN)
- Table 6 Global Goat Milk Products Market Outlook, By Fat-rich Products (2021-2030) ($MN)
- Table 7 Global Goat Milk Products Market Outlook, By Other Products Types (2021-2030) ($MN)
- Table 8 Global Goat Milk Products Market Outlook, By Packaging Type (2021-2030) ($MN)
- Table 9 Global Goat Milk Products Market Outlook, By Cans (2021-2030) ($MN)
- Table 10 Global Goat Milk Products Market Outlook, By Cartons (2021-2030) ($MN)
- Table 11 Global Goat Milk Products Market Outlook, By Bottles (2021-2030) ($MN)
- Table 12 Global Goat Milk Products Market Outlook, By Tubs (2021-2030) ($MN)
- Table 13 Global Goat Milk Products Market Outlook, By Other Packaging Types (2021-2030) ($MN)
- Table 14 Global Goat Milk Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 15 Global Goat Milk Products Market Outlook, By Non-store Based (2021-2030) ($MN)
- Table 16 Global Goat Milk Products Market Outlook, By Store Based (2021-2030) ($MN)
- Table 17 North America Goat Milk Products Market Outlook, By Country (2021-2030) ($MN)
- Table 18 North America Goat Milk Products Market Outlook, By Product Type (2021-2030) ($MN)
- Table 19 North America Goat Milk Products Market Outlook, By Fermented Products (2021-2030) ($MN)
- Table 20 North America Goat Milk Products Market Outlook, By Powdered Products (2021-2030) ($MN)
- Table 21 North America Goat Milk Products Market Outlook, By Concentrated Products (2021-2030) ($MN)
- Table 22 North America Goat Milk Products Market Outlook, By Fat-rich Products (2021-2030) ($MN)
- Table 23 North America Goat Milk Products Market Outlook, By Other Products Types (2021-2030) ($MN)
- Table 24 North America Goat Milk Products Market Outlook, By Packaging Type (2021-2030) ($MN)
- Table 25 North America Goat Milk Products Market Outlook, By Cans (2021-2030) ($MN)
- Table 26 North America Goat Milk Products Market Outlook, By Cartons (2021-2030) ($MN)
- Table 27 North America Goat Milk Products Market Outlook, By Bottles (2021-2030) ($MN)
- Table 28 North America Goat Milk Products Market Outlook, By Tubs (2021-2030) ($MN)
- Table 29 North America Goat Milk Products Market Outlook, By Other Packaging Types (2021-2030) ($MN)
- Table 30 North America Goat Milk Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 31 North America Goat Milk Products Market Outlook, By Non-store Based (2021-2030) ($MN)
- Table 32 North America Goat Milk Products Market Outlook, By Store Based (2021-2030) ($MN)
- Table 33 Europe Goat Milk Products Market Outlook, By Country (2021-2030) ($MN)
- Table 34 Europe Goat Milk Products Market Outlook, By Product Type (2021-2030) ($MN)
- Table 35 Europe Goat Milk Products Market Outlook, By Fermented Products (2021-2030) ($MN)
- Table 36 Europe Goat Milk Products Market Outlook, By Powdered Products (2021-2030) ($MN)
- Table 37 Europe Goat Milk Products Market Outlook, By Concentrated Products (2021-2030) ($MN)
- Table 38 Europe Goat Milk Products Market Outlook, By Fat-rich Products (2021-2030) ($MN)
- Table 39 Europe Goat Milk Products Market Outlook, By Other Products Types (2021-2030) ($MN)
- Table 40 Europe Goat Milk Products Market Outlook, By Packaging Type (2021-2030) ($MN)
- Table 41 Europe Goat Milk Products Market Outlook, By Cans (2021-2030) ($MN)
- Table 42 Europe Goat Milk Products Market Outlook, By Cartons (2021-2030) ($MN)
- Table 43 Europe Goat Milk Products Market Outlook, By Bottles (2021-2030) ($MN)
- Table 44 Europe Goat Milk Products Market Outlook, By Tubs (2021-2030) ($MN)
- Table 45 Europe Goat Milk Products Market Outlook, By Other Packaging Types (2021-2030) ($MN)
- Table 46 Europe Goat Milk Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 47 Europe Goat Milk Products Market Outlook, By Non-store Based (2021-2030) ($MN)
- Table 48 Europe Goat Milk Products Market Outlook, By Store Based (2021-2030) ($MN)
- Table 49 Asia Pacific Goat Milk Products Market Outlook, By Country (2021-2030) ($MN)
- Table 50 Asia Pacific Goat Milk Products Market Outlook, By Product Type (2021-2030) ($MN)
- Table 51 Asia Pacific Goat Milk Products Market Outlook, By Fermented Products (2021-2030) ($MN)
- Table 52 Asia Pacific Goat Milk Products Market Outlook, By Powdered Products (2021-2030) ($MN)
- Table 53 Asia Pacific Goat Milk Products Market Outlook, By Concentrated Products (2021-2030) ($MN)
- Table 54 Asia Pacific Goat Milk Products Market Outlook, By Fat-rich Products (2021-2030) ($MN)
- Table 55 Asia Pacific Goat Milk Products Market Outlook, By Other Products Types (2021-2030) ($MN)
- Table 56 Asia Pacific Goat Milk Products Market Outlook, By Packaging Type (2021-2030) ($MN)
- Table 57 Asia Pacific Goat Milk Products Market Outlook, By Cans (2021-2030) ($MN)
- Table 58 Asia Pacific Goat Milk Products Market Outlook, By Cartons (2021-2030) ($MN)
- Table 59 Asia Pacific Goat Milk Products Market Outlook, By Bottles (2021-2030) ($MN)
- Table 60 Asia Pacific Goat Milk Products Market Outlook, By Tubs (2021-2030) ($MN)
- Table 61 Asia Pacific Goat Milk Products Market Outlook, By Other Packaging Types (2021-2030) ($MN)
- Table 62 Asia Pacific Goat Milk Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 63 Asia Pacific Goat Milk Products Market Outlook, By Non-store Based (2021-2030) ($MN)
- Table 64 Asia Pacific Goat Milk Products Market Outlook, By Store Based (2021-2030) ($MN)
- Table 65 South America Goat Milk Products Market Outlook, By Country (2021-2030) ($MN)
- Table 66 South America Goat Milk Products Market Outlook, By Product Type (2021-2030) ($MN)
- Table 67 South America Goat Milk Products Market Outlook, By Fermented Products (2021-2030) ($MN)
- Table 68 South America Goat Milk Products Market Outlook, By Powdered Products (2021-2030) ($MN)
- Table 69 South America Goat Milk Products Market Outlook, By Concentrated Products (2021-2030) ($MN)
- Table 70 South America Goat Milk Products Market Outlook, By Fat-rich Products (2021-2030) ($MN)
- Table 71 South America Goat Milk Products Market Outlook, By Other Products Types (2021-2030) ($MN)
- Table 72 South America Goat Milk Products Market Outlook, By Packaging Type (2021-2030) ($MN)
- Table 73 South America Goat Milk Products Market Outlook, By Cans (2021-2030) ($MN)
- Table 74 South America Goat Milk Products Market Outlook, By Cartons (2021-2030) ($MN)
- Table 75 South America Goat Milk Products Market Outlook, By Bottles (2021-2030) ($MN)
- Table 76 South America Goat Milk Products Market Outlook, By Tubs (2021-2030) ($MN)
- Table 77 South America Goat Milk Products Market Outlook, By Other Packaging Types (2021-2030) ($MN)
- Table 78 South America Goat Milk Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 79 South America Goat Milk Products Market Outlook, By Non-store Based (2021-2030) ($MN)
- Table 80 South America Goat Milk Products Market Outlook, By Store Based (2021-2030) ($MN)
- Table 81 Middle East & Africa Goat Milk Products Market Outlook, By Country (2021-2030) ($MN)
- Table 82 Middle East & Africa Goat Milk Products Market Outlook, By Product Type (2021-2030) ($MN)
- Table 83 Middle East & Africa Goat Milk Products Market Outlook, By Fermented Products (2021-2030) ($MN)
- Table 84 Middle East & Africa Goat Milk Products Market Outlook, By Powdered Products (2021-2030) ($MN)
- Table 85 Middle East & Africa Goat Milk Products Market Outlook, By Concentrated Products (2021-2030) ($MN)
- Table 86 Middle East & Africa Goat Milk Products Market Outlook, By Fat-rich Products (2021-2030) ($MN)
- Table 87 Middle East & Africa Goat Milk Products Market Outlook, By Other Products Types (2021-2030) ($MN)
- Table 88 Middle East & Africa Goat Milk Products Market Outlook, By Packaging Type (2021-2030) ($MN)
- Table 89 Middle East & Africa Goat Milk Products Market Outlook, By Cans (2021-2030) ($MN)
- Table 90 Middle East & Africa Goat Milk Products Market Outlook, By Cartons (2021-2030) ($MN)
- Table 91 Middle East & Africa Goat Milk Products Market Outlook, By Bottles (2021-2030) ($MN)
- Table 92 Middle East & Africa Goat Milk Products Market Outlook, By Tubs (2021-2030) ($MN)
- Table 93 Middle East & Africa Goat Milk Products Market Outlook, By Other Packaging Types (2021-2030) ($MN)
- Table 94 Middle East & Africa Goat Milk Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
- Table 95 Middle East & Africa Goat Milk Products Market Outlook, By Non-store Based (2021-2030) ($MN)
- Table 96 Middle East & Africa Goat Milk Products Market Outlook, By Store Based (2021-2030) ($MN)
