Goat Milk Products Industry Overview
The global goat milk products market size was estimated at USD 11.94 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030.
The market growth is driven by the growing lactose intolerant population and increasing health and wellness trends globally. Goat milk is a rich source of proteins, calories, and fats. It is thicker, creamier, easy to digest, and possesses a lesser risk of allergies as it has a slightly lower lactose content. Moreover, it is loaded with potassium, calcium, magnesium, vitamin A, and phosphorus. The outbreak of Coronavirus did not have a major impact on the market.
Gather more insights about the market drivers, restrains and growth of the Global Goat Milk Products Market
The prices were observed slightly high in some countries in 2020 owing to the disruption in the supply chain. Few countries in the world have the majority of goat milk production, such as India, Turkey, Sudan, Bangladesh, Pakistan, and France. Due to transportation restrictions, a slight hindrance was observed in the supply from these countries. With the subsidies provided by the governments of various nations for goat farming and increasing awareness among people, especially in the time of COVID-19 when people became more aware of their health and wellness and wanted to boost their immunity, the demand for goat milk increased.
There is a variety of end-products that are made using goat milk, such as cheese, butter, ice cream, yogurt, etc. It is extensively used to make chevre, a special cheese made of goat milk, which is popular in Europe and North America. The demand for goat milk products was high during the period of lockdown. Various companies launched new products with long shelf-life in response to increasing demand. For instance, in 2020, Delamere Dairy launched a new whole milk powder made of goat’s milk in response to the rising consumer demand during the COVID-19 pandemic.
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- Dairy Products Market - The global dairy products market size was valued at USD 481.08 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2020 to 2027. The rising consumption of dairy products and shifting consumer preference from meat to dairy products for protein enrichment are the significant drivers for this market’s growth.
- Frozen Bakery Market - The global frozen bakery market was worth USD 42.95 billion in 2022, expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. The rising popularity of frozen bakery products owing to their properties such as low cost, ease of preparation, and widespread availability are major factors propelling the global market growth.
Goat Milk Products Market Segmentation
Grand View Research has segmented the global goat milk products market on the basis of type, distribution channel, and region:
Goat Milk Products Type Outlook (Revenue, USD Million, 2017 - 2030)
- Liquid Milk
- Powdered Milk
Goat Milk Products Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
- B2B
- B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Online Retail
- Others
Goat Milk Products Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa
Key Companies profiled:
Some prominent players in the global goat milk products market include
- Ausnutria Dairy Corporation Ltd.
- AVH Dairy Trade B.V.
- Goat Partners International
- Holle baby food AG
- Meyenberg
- Redwood Hill Farm Creamery
- St Helen's Farm
- Stickney Hill Dairy Inc.
- Woolwich Dairy Inc.
- Xi'an Baiyue Goat Dairy Group Co. Ltd. (Baiyue)
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