What are Goat Milk Products?
Goat milk products refer to various dairy products that are made from goat milk as the primary ingredient. These products are popular alternatives to traditional cow milk-based products and offer a unique flavor. The primary products that are further produced from goat milk are goat cheese, goat milk yogurt, and goat milk butter. Additionally, there are other products that are manufactured by the companies such as ice creams, milk powder, and infant milk formulas. Goat milk products are the best alternatives to cow milk products due to their nutritional benefits, lactose intolerance, and digestibility.
Global Goat Milk Products Market Overview
The Global Goat Milk Products market showcased growth at a CAGR of 5.20% during 2018-2022. The market was valued at USD 11789.24 Million in 2022 which is expected to reach USD 17535.60 Million in 2028. The increasing demand for smart nutritional dairy products and increasing urbanization across the globe are contributing to the overall growth of the Goat Milk Products market.
The Global Goat Milk Products Market is expected to grow in the forecast period and register a market value of USD 17535.60 Million in 2028 at a CAGR of 7.09% during the forecast period. The growing awareness about goat milk, rising demand for Goat Milk Products, and increasing urbanization are major driving factors that are accelerating the overall market growth of the Global Goat Milk Products Market.
Individuals are getting more aware of the additional nutritional benefits that they get by using goat milk and goat milk products instead of cowâ€™s milk and cowâ€™s milk products. COVID-19 has created a huge increase in the consumption of Goat Milk Products in place of cow or buffalo milk products.
Increasing Demand for Goat-Derived Cheese
Due to the susceptibility to allergic reactions to products made from cow's milk, children and the elderly find it particularly appealing. The cheese 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. Therefore, the increasing demand for goat-derived cheese is contributing to the growth of the Goat Milk Products market in the forecasting period.
Shortage of raw materials and shipping delays in the Goat Milk Product Market
Shortage of raw materials, such as goat milk from farmers, can directly impact the production capacity of goat milk product manufacturers. If there is a limited supply of goat milk, it can turn into decreased production or limited product availability in the market. Shipping delays can result in disruptions in the supply chain, affecting the timely delivery of raw materials and finished products. This can lead to delays in production, inventory shortages, and challenges in meeting consumer demand.
Extended shipping times and delay increases transportation costs, including expenses related to warehousing. These costs may impact the profitability of goat milk product manufacturing companies and potentially lead to higher prices for consumers. Therefore, the shortage of raw materials might hinder the growth of the Goat Milk Products market in the forecasting period.
The Fluid Products segment accounts for USD 4820.64 Million in 2022.
Fluid Products offers several products such as milk, cream, whole condensed milk, Skim condensed milk, Fluid permeate, Sweet cream, Ultrafiltered Whole milk, etc.
Furthermore, increasing public awareness and regulatory attention towards food safety issues and health highlights the need for the dairy industry to address and eliminate emerging food safety issues that may negatively impact the image of dairy fluid products. Shelf life and sensory profiles of high-temperature short-time pasteurized fluid milk products are presented, illustrating the need for greater attention to controlling contaminating microorganisms in fluid milk products.
According to Azoth Analytics Estimates, the Asia Pacific accounts for the largest revenue share in 2022. Consumers in the Asia Pacific region are health-conscious and are seeking natural and nutritious food options. Goat milk is often considered a healthier alternative to cow milk, as it is easier to digest for some individuals and may be suitable for those with lactose intolerance or cow milk allergies.
The availability and accessibility of goat milk products have enhanced in the Asia Pacific region. Companies have expanded their distribution networks and made products more widely available in supermarkets, specialty stores, and on E-commerce platforms as well. This has made it easier for consumers to access goat milk products and contributed to market growth in the region.
Global Goat Milk Products Market is fragmented with the top 5 companies accounting for a significant revenue share in the year 2022. Leading companies and brands in the market are executing different strategies and partnerships to strengthen their foothold and increase their competitiveness and product offerings in the market.
Emmi AG, St. Helenâ€™s Farm, Meyenberg Goat Milk, Redwood Hill Farm & Creamery, and Hewittâ€™s Dairy are the leading companies in the Global Goat Milk Products Market.
Leading companies in the Global Goat Milk Products Market include:
Ausnutria Dairy Corp. Ltd.
Goat Partners International Inc.
Holle Baby Food AG
St. Helenâ€™s Farm
Woolwich Dairy Inc.
Meyenberg Goat Milk
Redwood Hill Farm & Creamery
Recent Developments in the Global Goat Milk Products Market
Segmentations in the Report
By Product Type
By Product Form
By End use Industry
Frequently Asked Questions
What is the expected market value of the Global Goat Milk Products Market in 2028?
Global Goat Milk Products Market is expected to be valued at USD 17535.60 Million in 2028.
At what growth rate is Global Goat Milk Products Market expected to grow in the forecast period?
During 2023-2028, Global Goat Milk Products Market is expected to grow at a CAGR of 7.09%.
Which Region dominates the Global Goat Milk Products Market?
Asia Pacific contributes the largest revenue share in the Global Goat Milk Products Market and is expected to continue in the forecast period as well.
Which are the leading companies in the Global Goat Milk Products Market?
The leading companies in Global Goat Milk Products Market are Ausnutria Dairy Corp. Ltd., Goat Partners International Inc., Emmi AG, Holle Baby Food AG, St. Helenâ€™s Farm, Hewittâ€™s Dairy, Woolwich Dairy Inc., Granarolo S.P.A., Meyenberg Goat Milk, and Redwood Hill Farm & Creamery
At what rate will Chinaâ€™s Global Goat Milk Products Market Grow?
During 2023-2028, Chinaâ€™s Global Goat Milk Products Market is expected to grow at a CAGR of 8.67%.
No matter the hour, weâ€™re here to help.Contact us now!