Goat Milk Products Market

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Goat Milk Products Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018–2028, Segmented By Type (Liquid Milk, Powdered Milk); Distributional Channel (Specialty Stores, Supermarkets, Drug Stores, Online Channels, Convenience Stores); End-User (Adult, Teenager, Elderly, Infant); Region (North America, Europe, The Asia Pacific, Latin America, The Middle East and Africa)

Published Date: January 2023
Report ID: BWC22594
Available Format: PDF
Page: 250

Report Overview

The demand for goat milk is increasing because of its distinctive profile of the non-protein nitrogen component. Goat milk contains several elements, such as nucleotides, in amounts comparable to those seen in human breast milk. Thus, goat milk is in high demand from both consumers and producers due to the many health benefits it provides

Global Goat Milk Products Market - Industry Trends & Forecast Report 2028

Global Goat Milk Products Market was worth USD 11.8 billion in 2021 and is further projected to reach USD 15.8 billion by the year 2028, exhibiting a CAGR of 4.3% during the forecast period (2022-2028). The market is growing due to the rising health benefits of goat milk. It contains a higher concentration of protein, calcium, lipids, vitamins, iron, and other essential nutrients than cow's milk. In business, goat milk products fall into the "niche" category since they serve a very small but important market segment. Typically, but not always, specialized items cost more than their mass-market counterparts. The global Goat milk products market share benefits from the rising demand for lactose-free and low-lactose products. Demand is expected to rise in the coming years as a result of rising consumer health consciousness. In recent years, however, the industry's expansion has been gravely endangered by the increasing availability of alternatives to dairy milk made from plants.

Global Goat Milk Products Market

Goat Milk Products - Overview

Goat milk is in high demand in the production of baby foods and follow-up formula products, says Ausnutria Dairy Corporation Ltd. Due to the high nutrient richness and the ease of digestion, goat milk has become increasingly popular, and it has a high Digestible Indispensable Amino Acid Score (DIAAS). Furthermore, it has a high concentration of oligosaccharides, which serve as a prebiotic and are necessary for cell metabolism.

Global Goat Milk Products Market Forecast and Trends

Growth Drivers

The prevalence of lactose intolerance is high all across the world.

The rising prevalence of lactose intolerance would drive up demand for these goods due to the fact that they have a lower level of lactose than regular cow dairy dishes. According to research conducted and made public by the National Institutes of Health (NIH), lactose intolerance is at its highest prevalence in East Asia, where it affects more than seventy percent of the population. In addition, the condition affects between 75 and 90 percent of Native Americans, according to the Encyclopedia Britannica. It is projected that each of these elements will contribute to an increase in the revenue growth of the target market.

Advantages in Terms of Nutrition When Compared to Other Types of Milk

The global market for goat milk products is predicted to have revenue growth driven by increasing consumer expenditure on nutritious dairy meals and increased awareness among consumers regarding the benefits associated with the use of dairy products. In addition, it is becoming easier to locate these dairy goods in both large and small retail establishments. It is projected that the convenience of acquiring these items will have a favorable impact on the expansion of the target business.

Increasing Incidence of Lactose Intolerance

Since these products have less lactose than typical dairy products made from cows, it is predicted that the prevalence of lactose sensitivity will rise. Lactose intolerance affects more than 70% of the population in East Asia, according to data from the National Institutes of Health. Furthermore, between 75 and 90 percent of Native Americans are afflicted, according to Encyclopedia Britannica. All of these elements are projected to boost the target market's revenue growth.

Restraints

The vast majority of goats are raised in arid or semi-arid locations with a limited amount of husbandry; hence, productivity is quite poor.

Near urban centers, the number of commercial goat dairies is growing, but this growth comes with a number of obstacles, including the presence of endemic goat diseases such as Brucella mellitensis and Chlamydia spp., as well as a lack of veterinary, extension, or laboratory facilities.

The dairy goat industry is constrained in both its availability and its cost of feed resources as a direct result of the high nutrient requirements for milk production.

It is possible for feeds and supplements to be excessively expensive in an intensive system that utilizes stall feeding. A semi-intensive system combining natural grazing with feed supplements can lower feed costs; however, managing the semi-intensive system during times of the year when less available fodder can be difficult. It is common for dairy farmers that rely solely on natural pastures to have low milk production because their animals' nutritional needs are not being addressed.

Impact of COVID-19 on Global Goat Milk Products Market

During the COVID-19 epidemic, people are more concerned about their health than usual, and as a result, they are taking additional safety measures to protect themselves. The dairy business has shown an incredible ability for resilience in spite of the ongoing COVID-19 outbreak. In spite of initial worries that the market for goat milk products would be especially vulnerable to the COVID-19 pandemic, the disease did not have a substantial impact on the market for goat milk products around the world.

Global Goat Milk Products Market - By Type

Based on type, the market is classified into Liquid Milk and Powdered Milk. The category with the highest revenue share in 2021 is liquid milk. Direct sales of liquid milk are made to consumers as well as businesses that produce finished goods, such as cheese producers. Goat milk cheese is high in nutrients and low in calories and fat. It comes in a variety of forms and tastes, including cheddar, chevre, feta, mould, and morel. Goat milk is becoming more and more popular due to its health advantages. Countries like India, Pakistan, Bangladesh, Turkey, and several European nations have high consumption rates. Alpines, La Machas, Nigerian Dwarf, Oberhaslis, Saanens, and Nubians are a few of the popular goat species. Over the projection period, the category for powdered milk is anticipated to increase at the quickest CAGR.

Global Goat Milk Products Market - By End User

By end user segmentation, it is divided into adult, teenager, elderly & infant. Whereby infant and the elderly are the major consumers of goat milk products because of their high calcium content, and also the infant formula is easy to digest and does not develop any digestion-related problems in babies.

Global Goat Milk Products Market - By Region

Geographically, the Global Goat Milk Products Market is segmented into North America, Europe, The Asia Pacific, Latin America, The Middle East, and Africa. Asia-Pacific is anticipated to have the biggest revenue share of the region. India, China, Pakistan, and other nations that primarily produce goat milk constitute only a small portion of this region. Over 60% of the animals in the world are found in Asia-Pacific, according to a survey released by the NCBI. Additionally, customers in this area are gravitating more and more toward dairy products that are nutrient-dense and simple to digest. Additionally, there are governments in this area that offer various incentives for raising animals. For instance, the Indian government provides a subsidy on animal farm costs that is greater than 25%. It is projected that the sum of all these variables would positively affect the expansion of the target market in this specific area.

Competitive Landscape

The leading market players in the Global Goat Milk Products Market are Ausnutria Diary 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 Diary Inc, Woolwich Diary Inc, Xi'an Baiyue Goat Group Co Ltd, and Other Prominent Players. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics are used, including strategic alliances, agreements, mergers, and partnerships.

Recent Development

CRM (Canada Royal Milk) made the announcement of a strategic alliance with the ODGC (Ontario Goat Dairy Cooperative) and PLCQ (Produceurs de lait de chevre du Quebec) in the month of April 2022. Both of these organizations represented a combined total of approximately 120 goat dairy farms.
Atalanta, a manufacturer of cheese, launched the Table One brand of its one-of-a-kind cheddar cheese in June 2022. The cheese is sold under the brand name. This item is crafted from the milk obtained from goats raised in Canada.
Infant formula made from goat milk was one of the products introduced by Hochdorf in March 2021. The Bimbosan brand is most commonly associated with this product. It is possible to administer this treatment just after the birth of a child. This recipe does not include any starch or palm oil in its ingredients.

Scope of the Report

Attributes	Details
Years Considered	Historical data – 2018-2021
	Base Year – 2021
	Forecast – 2022 – 2028
Facts Covered	Revenue in USD Billion
Product Service/Segmentation	By Type, By Distribution Channel, By End User, By Region
Key Players	Ausnutria Diary 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 Diary Inc, Woolwich Diary Inc, Xi’an Baiyue Goat Group Co Ltd and Other Prominent Players.

By Type

Liquid Milk
Powdered Milk

By Distribution Channel

Specialty Stores
Supermarkets
Drug Stores
Online Channels
Convenience Stores

By End User

Adult
Teenager
Elderly
Infant

By Region

North America
Europe
The Asia Pacific
Latin America
The Middle East and Africa

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Executive Summary
Global Goat Milk Products Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. The prevalence of lactose intolerance is high all across the world
    2. Advantages in Terms of Nutrition When Compared to Other Types of Milk
    3. Increasing Incidence of Lactose Intolerance
  2. Restraints
    1. The vast majority of goats are raised in arid or semi-arid locations with a limited amount of husbandry; hence, productivity is quite poor
    2. The dairy goat industry is constrained in both its availability and its cost of feed resources as a direct result of the high nutrient requirements for milk production
    3. Others
  3. Opportunities
    1. Growing Consumer Interest in Infant Formula Made from Goat Milk
    2. More and more mergers and acquisitions are taking place
    3. Others
  4. Challenges
    1. Problem involves getting the supply of milk to coincide with the demand for it
    2. Others
3. Technological Advancements/Recent Developments
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Global Goat Milk Products Market Overview
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
    1. Liquid Milk
    2. Powdered Milk
  2. By Distributional Channel
    1. Specialty Stores
    2. Supermarkets
    3. Drug Stores
    4. Online Channels
    5. Convenience Stores
  3. By End-User
    1. Adult
    2. Teenager
    3. Elderly
    4. Infant
  4. By Region
    1. North America
    2. Europe
    3. The Asia Pacific
    4. Latin America
    5. The Middle East and Africa
North America Goat Milk Products Market
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
  2. By Distribution Channels
  3. By End-User
  4. By Country
    1. United States
    2. Canada
Europe Goat Milk Products Market
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
  2. By Distribution Channels
  3. By End-User
  4. By Country
    1. Germany
    2. United Kingdom
    3. Italy
    4. France
    5. Spain
    6. Rest of Europe
The Asia Pacific Goat Milk Products Market
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
  2. By Distribution Channels
  3. By End-User
  4. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia and New Zealand
    6. Indonesia
    7. Malaysia
    8. Philippines
    9. Thailand
    10. Vietnam
    11. Rest of Asia Pacific
Latin America Goat Milk Products Market
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
  2. By Distribution Channels
  3. By End-User
  4. By Country
    1. Brazil
    2. Mexico
    3. Argentina
    4. Peru
    5. Columbia
    6. Rest of Latin America
The Middle East & Africa Goat Milk Products Market
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Type
  2. By Distribution Channels
  3. By End-User
  4. By Country
    1. Saudi Arabia
    2. UAE
    3. Qatar
    4. Kuwait
    5. Iran
    6. South Africa
    7. Egypt
    8. Algeria
    9. Morocco
    10. Turkey
    11. Nigeria
    12. Kenya
    13. Rest of Middle East & Africa
Competitive Landscape
1. List of Key Players and Their offerings
2. Market Share Analysis, 2021
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
Impact of Covid-19 on Global Goat Milk Products Market
Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
1. Ausnutria Diary Corporation Ltd
2. AVH Dairy Trade B.V.
3. Goat Partners International
4. Holle Baby Food AG
5. Meyenberg
6. Redwood Hill Farm & Creamery
7. St Helen’s Farm
8. Stickney Hill Diary Inc
9. Woolwich Diary Inc
10. Xi’an Baiyue Goat Group Co Ltd
11. Other Prominent Players

Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
Assumptions & Limitations

Note: Financial in information in case of non-listed companies will be provided as per availability

The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1: Global Goat Milk Products Market Segmentation

Figure 2: Global Goat Milk Products Industry Value Chain Analysis

Figure 3: Global Goat Milk Products Market Size, By Value (USD Million), 2018-2028

Figure 4: Global Goat Milk Products Market Share (%), By Type, By Value, 2018-2028

Figure 5: Global Goat Milk Products Market Share (%), By Distribution Channels, By Value, 2018-2028

Figure 6: Global Goat Milk Products Market Share (%), By End-User, By Value, 2018-2028

Figure 7: Global Goat Milk Products Market Share (%), By Region, By Value, 2018-2028

Figure 8: North America Goat Milk Products Market Size, By Value (USD Million), 2018-2028

Figure 9: North America Goat Milk Products Market Share (%), By Type, By Value, 2018-2028

Figure 10: North America Goat Milk Products Market Share (%), By Distribution Channels, By Value, 2018-2028

Figure 11: North America Goat Milk Products Market Share (%), By End-User, By Value, 2018-2028

Figure 12: North America Goat Milk Products Market Share (%), By Country, By Value, 2018-2028

Figure 13: Europe Goat Milk Products Market Size, By Value (USD Million), 2018-2028

Figure 14: Europe Goat Milk Products Market Share (%), By Type, By Value, 2018-2028

Figure 15: Europe Goat Milk Products Market Share (%), By Distribution Channels, By Value, 2018-2028

Figure 16: Europe Goat Milk Products Market Share (%), By End-User, By Value, 2018-2028

Figure 17: Europe Goat Milk Products Market Share (%), By Country, By Value, 2018-2028

Figure 18: The Asia-Pacific Goat Milk Products Market Size, By Value (USD Million), 2018-2028

Figure 19: The Asia-Pacific Goat Milk Products Market Share (%), By Type, By Value, 2018-2028

Figure 20: The Asia-Pacific Goat Milk Products Market Share (%), By Distribution Channels, By Value, 2018-2028

Figure 21: The Asia-Pacific Goat Milk Products Market Share (%), By End-User, By Value, 2018-2028

Figure 22: The Asia-Pacific Goat Milk Products Market Share (%), By Country, By Value, 2018-2028

Figure 23: Latin America Goat Milk Products Market Size, By Value (USD Million), 2018-2028

Figure 24: Latin America Goat Milk Products Market Share (%), By Type, By Value, 2018-2028

Figure 25: Latin America Goat Milk Products Market Share (%), By Distribution Channels, By Value, 2018-2028

Figure 26: Latin America Goat Milk Products Market Share (%), By End-User, By Value, 2018-2028

Figure 27: Latin America Goat Milk Products Market Share (%), By Country, By Value, 2018-2028

Figure 28: The Middle East & Africa Goat Milk Products Market Size, By Value (USD Million), 2018-2028

Figure 29: The Middle East & Africa Goat Milk Products Market Share (%), By Type, By Value, 2018-2028

Figure 30: The Middle East & Africa Goat Milk Products Market Share (%), By Distribution Channels, By Value, 2018-2028

Figure 31: The Middle East & Africa Goat Milk Products Market Share (%), By End-User, By Value, 2018-2028

Figure 32: The Middle East & Africa Goat Milk Products Market Share (%), By Country, By Value, 2018-2028

Figure 33: Global Goat Milk Products Market Share Analysis, 2021

List of Tables

Table 1: Global Goat Milk Products Market Size, By Type, By Value (USD Million), 2018-2028

Table 2: Global Goat Milk Products Market Size, By Distribution Channels, By Value (USD Million), 2018-2028

Table 3: Global Goat Milk Products Market Size. By End-User, By Value (USD Million), 2018-2028

Table 4: Global Goat Milk Products Market Size. By Region, By Value (USD Million), 2018-2028

Table 5: North America Goat Milk Products Market Size, By Type, By Value (USD Million), 2018-2028

Table 6: North America Goat Milk Products Market Size, By Distribution Channels, By Value (USD Million), 2018-2028

Table 7: 28 North America Goat Milk Products Market Size (USD Million), By End-User, By Value 2018-2028

Table 8: 28 North America Goat Milk Products Market Size (USD Million), By Country, By Value 2018-2028

Table 9: Europe Goat Milk Products Market Size, By Type, By Value (USD Million), By Value 2018-2028

Table 10: Europe Goat Milk Products Market Size, By Distribution Channels, By Value (USD Million), By Value 2018-2028

Table 11: 40 Europe Goat Milk Products Market Size (USD Million), By End-User, By Value 2018-2028

Table 12: 40 Europe Goat Milk Products Market Size (USD Million), By Country, By Value 2018-2028

Table 13: The Asia-Pacific Goat Milk Products Market Size, By Type, By Value (USD Million), By Value 2018-2028

Table 14: The Asia-Pacific Goat Milk Products Market Size (USD Million), By Distribution Channels, By Value 2018-2028

Table 15: The Asia-Pacific Goat Milk Products Market Size (USD Million), By End-User, By Value 2018-2028

Table 16: The Asia-Pacific Goat Milk Products Market Size (USD Million), By Country, By Value 2018-2028

Table 17: Latin America Goat Milk Products Market Size, By Type, By Value (USD Million), By Value 2018-2028

Table 18: Latin America Goat Milk Products Market Size, By Distribution Channels, By Value (USD Million), 2018-2028

Table 19: Latin America Goat Milk Products Market Size (USD Million), By End-User, By Value 2018-2028

Table 20: Latin America Goat Milk Products Market Size (USD Million), By Country, By Value 2018-2028

Table 21: The Middle East & Africa Goat Milk Products Market Size, By Type, By Value (USD Million), 2018-2028

Table 22: The Middle East & Africa Goat Milk Products Market Size, By Distribution Channels, By Value (USD Million), 2018-2028

Table 23: The Middle East & Africa Goat Milk Products Market Size (USD Million), By End-User, By Value 2018-2028

Table 24: The Middle East & Africa Goat Milk Products Market Size (USD Million), By Country, By Value 2018-2028

Table 25: List of Key Players and Their offerings

Table 26: Competitive Benchmarking, by Operating Parameters

Table 27 Ausnutria Diary Corporation Ltd Company Overview

Table 28 Ausnutria Diary Corporation Ltd Financial Overview

Table 29 AVH Dairy Trade B.V. Company Overview

Table 30 AVH Dairy Trade B.V. Financial Overview

Table 31 Goat Partners International Company Overview

Table 32 Goat Partners International Financial Overview

Table 33 Holle Baby Food AG Company Overview

Table 34 Holle Baby Food AG Financial Overview

Table 35 Meyenberg Company Overview

Table 36 Meyenberg Financial Overview

Table 37 Redwood Hill Farm & Creamery Company Overview

Table 38 Redwood Hill Farm & Creamery Financial Overview

Table 39 St Helen’s Farm Company Overview

Table 40 St Helen’s Farm Financial Overview

Table 41 Stickney Hill Diary Inc Company Overview

Table 42 Stickney Hill Diary Inc Financial Overview

Table 43 Woolwich Diary Inc Company Overview

Table 44 Woolwich Diary Inc Financial Overview

Table 45 Xi’an Baiyue Goat Diary Group Co.Ltd Company Overview

Table 46 Xi’an Baiyue Goat Diary Group Co.Ltd Financial Overview

Market Segmentation

By Type

Liquid Milk
Powdered Milk

By Distribution Channel

Specialty Stores
Supermarkets
Drug Stores
Online Channels
Convenience Stores

By End User

Adult
Teenager
Elderly
Infant

By Region

North America
Europe
The Asia Pacific
Latin America
The Middle East and Africa

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Frequently Asked Questions (FAQs):

1. What are the major factors driving the growth of the Global Goat Milk Products Market?

Ans: The major factors driving the growth of the Global Goat Milk Products Market are the higher nutritional benefits over other milks and higher prevalence of lactose intolerance globally.

2. What is the current size of the Global Goat Milk Products Market?

Ans: Global Goat Milk Products Market reached USD 11.8 billion in 2021.

3. Who are the key players in the Global Goat Milk Products Market?

Ans: The key players in the Global Goat Milk Products Market are Ausnutria Diary 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 Diary Inc, Woolwich Diary Inc, Xi’an Baiyue Goat Group Co Ltd and Other Prominent Players.

4. Which product segment accounted for the largest share in the Global Goat Milk Products Market?

Ans: The liquid milk segment accounted for the largest share in the Global Goat Milk Products Market.

5. Which distribution channel segment is the most dominant in the Global Goat Milk Products Market?

Ans: Hypermarkets and supermarkets have the largest share in the Global Goat Milk Products Market.

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