Market Overview
The 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 (2024-2031).
The products which are made by goat milk are called goat milk products. The rising demand for goat milk in infant formula and baby food is the main factor driving the global market. Additionally, because of its nutritional composition, goat milk is regarded as being healthier than cow milk. Goat milk is becoming more and more popular for use in infant foods and subsequent formula products, according to Australian Dairy Corporation Ltd. This is due to goat milk's high nutritional quality and simple digestion. Additionally, it has a high Digestible Indispensable Amino Acid Score and contains all essential amino acids (DIAAS). Additionally, it has naturally higher levels of oligosaccharides, which are crucial components because they serve as prebiotics, and nucleotides, which are important for cell metabolism. Goat milk is in high demand among consumers and producers due to all of its advantages.
Market Summary
| Metrics | Details |
| CAGR | 4.8% |
| Size Available for Years | 2021-2030 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Product, Distribution Channel and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
The market will be driven by government initiatives involving goat farming
In most nations, goat farming has a significant national economic impact on rural areas. For instance, about 70% of landless agricultural workers, marginal farmers, and small farmers raise goats in rural areas of India. Goat farming offers significant socioeconomic advantages to small-scale farmers when compared to other livestock species. The most promising meat-producing animal that uses the least amount of space is the goat. Goats are also capable of surviving in harsh conditions and in regions with little vegetation. They also provide premium milk, dung, and hide in addition to meat.
Additionally, raising cattle is thought to be one of the most lucrative and resilient industries in the world. Governments all over the world are offering financial incentives to numerous marginal farmers and entrepreneurs to start commercial goat farming operations due to the rising demand for goat milk products. The majority of profits are based on the amount of money invested in goat farming. As a result, financial assistance might be able to assist the goat farming industry in the near future to prosper.
Increasing demand for cheese made from goats drives the market expansion
The demand for goat-derived cheese is expected to increase due to consumers enjoying its flavour and soft texture. The larger fat molecules in goat milk's counterparts make it more difficult to digest than goat's cheese. This is a significant additional factor in the preference for goat-derived products over other goods. Due to their susceptibility to allergic reactions to products made from cow's milk, children and the elderly find it particularly appealing.
Additionally, goat milk cheese contains a variety of healthy fats, including fatty acids, medium-chain triglycerides, and short- and medium-chain unsaturated fats. The cheese also contains high-quality, easily absorbed protein that provides the majority of the essential amino acids needed by the human body. Goat cheese has fewer allergens, and it also supports a healthy gut in addition to reducing inflammation. In addition, rising consumer awareness of the health advantages of goat milk, the prevalence of government subsidies for goat farming, and rising demand for goat milk products are some of the additional major factors that will propel the growth of the goat milk market over the course of the forecast period.
Market Segment Analysis
The global goat milk products market is segmented based on product, distribution channel and region.
The liquid milk segment holds the highest share in the global goat milk products
In 2022, the liquid milk market accounted for XX% of total revenue. Both direct customers and producers of finished goods, like cheesemakers, can purchase it. Goat milk cheese is high in nutrients and low in calories and fat. It comes in a variety of varieties and flavours, including cheddar, chevre, feta, mould, and others. Goat milk products are becoming more and more popular because of its health benefits. Milk from a variety of goat breeds is extracted. Numerous goat breeds are common, including Alpines, La Machas, Nigerian Dwarf, Oberhaslis, Saanens, and Nubians. The numerous health advantages of goat milk, including its ability to promote healthy weight gain, ease digestion, increase platelet count, prevent insulin resistance, and lower cholesterol levels, have led to an increase in its consumption in recent years. A2 casein is present in significant amounts in goat liquid milk. For instance, goat milk has 3.6 grammes of A2 casein per 100 ml. A2 casein aids in the prevention of inflammatory diseases like colitis and irritable bowel syndrome due to its high protein content, similar to that of human breast milk. Goat milk is typically given to infants as their first protein source after breastmilk. Compared to cow's milk, this makes them less prone to milk allergies.
Market Geographical Share
The Asia Pacific holds the highest share in the global goat milk products
The high population of the region, which is supported by rising consumer income levels, can be linked to the increased consumption of products made from goat milk in APAC. The majority of goat milk products are still made in India. The majority of the nation's lower middle class residents own goats and supply milk to dairies. The total amount of goat milk produced in India in 2020 was estimated to be 6.04 million tonnes. The world's largest producer of goat milk is India. About one-fourth of global production is produced by the nation alone. Additionally, the growing demand for baby formula, which accounts for more than half of the market demand in the APAC region, fuels the demand for goat milk and its products. Additionally, the demand for newborn formulas based on goat milk is growing in the area due to rising levels of education and awareness about child nutrition as well as rising disposable income.
On the other hand, The second-largest market is in Europe. The three countries that contribute most to the regional European market are Germany, Italy, and France. Goat milk is most frequently imported and exported from Germany. In the region, France is the biggest producer of goat milk, while Italy is the biggest consumer of goat milk products in the Europen region.
Companies & Competitive Analysis
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., Holle baby food AG, and St Helen’s Farm.
Key Developments
- On November 4, 2021 Ausnutria Dairy Ingredients launched CMB goat power product. Goat milk has been used more frequently recently in infant food or follow-up formula products, according to Ausnutria Dairy Ingredients. Goat milk's superior nutritional value and simple digestion are two factors contributing to this growth. According to the company, goat milk has an appealing nutritional profile because it is a complete protein source, contains all essential amino acids, and has a high DIAAS. It also has a high concentration of oligosaccharides, which can serve as a prebiotic.
- On March 8, 2021, Hochdorf launched Bimbosan goat milk infant formula. The WHO suggests breastfeeding for six months, but Hochdorf noted that there are times when a baby needs additional food or when breastfeeding is not possible. Bimbosan claimed that its goat milks can be a good substitute for kids with sensitive tummies. Because the "protein globules" in goat milk are smaller than those in cow milk and can be broken down more easily by digestive enzymes, goat milk has good digestibility.
- On June 22, 2022, Atalanta's Table One Brand Launched Goat Cheddar Cheese. Cheese made from goats has undergone a transformation over time, going from being unheard of to being highly regarded. Many customers have gravitated towards this category as consumers continue to explore the charcuterie scene, and Atalanta is more than happy to satisfy their needs. A Goat Cheddar Cheese produced by the cheesemaker was recently introduced under the creative Table One brand.
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 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
