Goat Milk Products Market Overview
The global goat milk products market is touted to register a CAGR of 6.77% with USD 23.88480 during the forecast period (2023- 2030).
Goat milk is the primary milk source for humans in several developing economies and is mainly consumed for its unique taste and health benefits. It is considered that the metabolism of copper and iron increases in human body with the consumption of goat milk products. The global goat milk products market is entirely consumer-driven and is highly preferred by the consumers over other milk sources due to calcium and protein content, lower lactose content compared to cow milk, unique flavor, and ease of digestion.
The increased demand for goat milk products and the launch of certified goat milk are among the trends, which are anticipated to spur milk market revenue growth worldwide. Health-awareness consumers seek for labels of certified organizations in order to be sure of the products. In order to gain trust, several players across the globe are obtaining food safety and food hygiene certifications for their products. The goat milk products market share has gained huge attention in the past few years due to the surging demand for milk and milk products. Increasing health awareness among consumers are influencing the market growth across the globe. As goat milk is considered a healthier alternative when compared to other sources of milk, the market is likely to gain prominence. Cow’s milk can be a common cause of food allergy in children, due to which parents are switching to goat milk for their children’s daily nutritional requirements.
Goat milk and its products also offer benefits like the building of strong bones and immunity improvement, which further boosts the market’s growth across the globe. Goat milk can be easily digested, which further encourages its growth. Moreover, goat dairy is rich in fatty acids, calcium, and contains lower cholesterol level. Such factors encourage the market’s growth across the globe.
Competitive Dashboard
The top players operating in the goat milk products market include Ausnutria Dairy Ingredients (The Netherlands), Emmi Group (Switzerland), Hogwegt Group (The Netherlands), The Good Goat Milk Co. (New Zealand), AVH Dairy (The Netherlands), Delamere Dairy, Ltd. (UK), Saputo, Inc. (Canada), Orient EuroPharma Co. Ltd. (China), Quidditas Farms Pvt., Ltd. (India), and Hay Dairies Pte, Ltd. (Singapore).
Global Goat Milk Products Market: Segmental Analysis
The goat milk products market research report has been segmented on the basis of packaging type, product type, and distribution channel.
By product type, the goat milk products market is segmented into fermented products, concentrated products, fat-rich products, powdered products, and others. Of these, the fermented products segment is predicted to command the maximum share due to increased demand for fermented products like cheese. Goat cheese is said to possess a tangy taste and a crumbly texture, and due to these attributes, fermented goat milk products are gaining huge attention among consumers. Moreover, the fermentation of dairy helps improve the properties of milk. Thus, fermented goat milk products offer health benefits, which include probiotics, anti-allergenic, and anti-carcinogenic.
Based on the packaging type, the market includes cartons, bottles, tubs, cans, and others. Of these, the tubs segment acquires the maximum share in the global market due to its cost-effectiveness and convenience of consumption. Dairy products packed in tubs have a higher shelf life, are durable, and are convenient to consume. These factors augment market growth in the segment.
The distribution channel is store-based and non-store-based. Of these, the store-based segment is likely to generate the highest revenue due to the strong vendor networks of the manufacturers. However, with the booming e-commerce platforms, the non-store-based distribution channel will have a substantial contribution.
Regional Frontiers
Geographically, the goat milk products market spans across Europe, Asia Pacific, North America, and the Rest of the World (RoW).
Considering the global scenario, the goat milk products market share is dominated by Asia Pacific, mainly due to the high population of goats in the region, which is used as a major source of food, income, and manure. The majority of the goat milk is contributed by economies in Asia-Pacific like Bangladesh, India, and Pakistan. The increased demand for goat milk, goat cheese, and goat milk-based infant formulas is mainly due to the rising population and surging health concerns among consumers, which further influences the regional market.
North America will gain huge prominence in the foreseeable future and is likely to be a major contributor owing to technological advancements in the production procedure in goat cheese. Moreover, the region is considered to raise the best quality of goat breeds, and therefore the milk and cheese produced are of best quality. Such factors are likely to augment the market growth in the coming years.
Meanwhile, Europe is estimated to acquire a decent share as goat milk and milk products are highly used either in food preparation or for direct consumption. France is considered to be the highest producer of goat cheese, which further encourages the regional market’s growth. Long shelf life and favorable taste are some of the other factors propelling the market growth.
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