Goat Milk Products Market
Goat Milk Products Market Forecasts to 2030 - Global Analysis By Product Type (Fermented Products, Powdered Products, Concentrated Products, Fat-rich Products and Other Products Types), Packaging Type (Cans, Cartons, Bottles, Tubs and Other Packaging Types), Distribution Channel, and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $16.4 BN |
|
Projected Year Value (2030) |
US $29.4 BN |
|
CAGR (2023 - 2030) |
8.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Goat Milk Products Market is accounted for $16.4 billion in 2023 and is expected to reach $29.4 billion by 2030 growing at a CAGR of 8.7% during the forecast period. Goat milk products encompass a variety of dairy goods derived from the milk of goats. Common goat milk products include goat cheese, yogurt, and butter. Goat milk is naturally easier to digest due to smaller fat globules and a protein structure similar to human milk. Beyond their palatable qualities, goat milk products are lauded for their potential health benefits. Furthermore, goat milk is often considered a source of essential nutrients like calcium, vitamins, and minerals, making it a viable choice for those seeking a nutrient-dense and digestible alternative to cow milk products.
According to National Center for Biotechnology Information (NCBI), China is the largest importer of dairy products and imports powdered goat milk, especially for baby formula manufacturing.
Market Dynamics:
Driver:
Rising health consciousness
The awareness of goat milk's potential health benefits, including its potential to boost the immune system and support bone health, has driven consumer preferences. As people become more mindful of their dietary choices and overall well-being, there is a growing inclination towards healthier and nutritionally superior alternatives. In addition, it is known for being easier to digest compared to cow milk, and it contains essential nutrients such as vitamins, minerals, and proteins, which significantly drive this market’s expansion.
Restraint:
High cost
The limited supply of goat milk drives up the cost of raw milk, affecting the overall cost of goat milk products. The labor-intensive nature of goat farming, such as milking and handling, can contribute to higher labor costs. Furthermore, the processing and manufacturing of goat milk products require specialized equipment and facilities, which may involve additional investments and maintenance costs, thereby gradually hindering this market size.
Opportunity:
Innovations in processing and packaging
Technological innovations have allowed for the development of more efficient and sustainable production methods. These advancements ensure that the nutritional integrity of goat milk is preserved during processing, meeting the demands of health-conscious consumers. Moreover, innovations in processing contribute to the diversification of goat milk product offerings, including cheese, yogurt, and milk, expanding the market's overall appeal.
Threat:
Lack of standardization
The absence of standardization can create barriers to trade and market access with varying regulations and standards across different regions or countries, leading to additional costs and delays for producers and distributors. Moreover, the lack of standardization makes it difficult for consumers to compare and evaluate different goat milk products. This lack of transparency can hinder consumer decision-making and limit market growth.
Covid-19 Impact
The COVID-19 pandemic has adversely impacted the market in several ways. Lockdowns, restrictions, and disruptions in the supply chain have led to challenges in production, distribution, and retail. Moreover, the economic downturn caused by the pandemic has constrained consumer spending, leading to a shift in purchasing patterns that has hampered market size.
The powdered products segment is expected to be the largest during the forecast period
The powdered products segment is estimated to hold the largest share due to a significant player offering convenience, longer shelf life, and versatility to consumers. This segment has gained traction as a viable alternative to liquid goat milk, especially in regions where access to fresh dairy is limited. Furthermore, the powdered form enhances the product's portability and makes it suitable for inclusion in a wide range of recipes, which is driving this segment’s growth.
The bottles segment is expected to have the highest CAGR during the forecast period
The bottles segment is anticipated to have highest CAGR during the forecast period due to its crucial role in delivering convenient and accessible options to consumers. These have become popular for their convenience, providing a ready-to-consume format those appeals to a wide range of consumers. Additionally, they cater to consumers seeking a traditional and familiar presentation of dairy products, which is propelling this segment’s expansion.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to a surge in demand for goat milk products, including cheese, yogurt, and milk, owing to the perceived health advantages and lactose-friendly nature of goat milk. Moreover, advancements in technology and farming practices have improved the efficiency of goat milk production, ensuring a more consistent and reliable supply and enabling their distribution to a broader consumer base, which is boosting this region’s growth.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to dynamic growth and evolving consumer trends. Consumers are increasingly drawn to goat milk products for their perceived health benefits, including easier digestibility and a nutrient-rich profile. The growing popularity of alternative and plant-based diets has also contributed to the increased acceptance of goat milk products. In addition, key players and collaborations have increased consumer education on the nutritional advantages of goat milk, which has driven adoption in this region.
Key players in the market
Some of the key players in the Goat Milk Products Market include Ausnutria Dairy Ingredients, The Good Goat Milk Co., Hogwegt Group, Delamere Dairy, Ltd., Saputo, Inc., Emmi Group, Hay Dairies Pte, Ltd., Orient EuroPharma Co. Ltd., Quidditas Farms Pvt., Ltd., Woolwich Dairy Inc. and Courtyard Farms.
Key Developments:
In September 2023, Equator Coffees has teamed up with Swiss-based ready-to-drink experts Emmi Group for a range of ready-to-drink cold brew products launching in California.
In August 2023, Swiss dairy giant Emmi has partnered with US-based Equator Coffee to release four ready-to-drink cold brew coffee products.
In September 2021, Orient Europharma Launches Two Premium Skin Boosters Aimed to Deliver the Diamond Feel Skin® Result to Consumers.
Product Types Covered:
• Fermented Products
• Powdered Products
• Concentrated Products
• Fat-rich Products
• Other Products Types
Packaging Types Covered:
• Cans
• Cartons
• Bottles
• Tubs
• Other Packaging Types
Distribution Channels Covered:
• Non-store Based
• Store Based
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Goat Milk Products Market, By Product Type
5.1 Introduction
5.2 Fermented Products
5.3 Powdered Products
5.4 Concentrated Products
5.5 Fat-rich Products
5.6 Other Products Types
6 Global Goat Milk Products Market, By Packaging Type
6.1 Introduction
6.2 Cans
6.3 Cartons
6.4 Bottles
6.5 Tubs
6.6 Other Packaging Types
7 Global Goat Milk Products Market, By Distribution Channel
7.1 Introduction
7.2 Non-store Based
7.3 Store Based
8 Global Goat Milk Products Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Ausnutria Dairy Ingredients
10.2 The Good Goat Milk Co.
10.3 Hogwegt Group
10.4 Delamere Dairy, Ltd.
10.5 Saputo, Inc.
10.6 Emmi Group
10.7 Hay Dairies Pte, Ltd.
10.8 Orient EuroPharma Co. Ltd.
10.9 Quidditas Farms Pvt., Ltd.
10.10 Woolwich Dairy Inc.
10.11 Courtyard Farms
List of Tables
1 Global Goat Milk Products Market Outlook, By Region (2021-2030) ($MN)
2 Global Goat Milk Products Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Goat Milk Products Market Outlook, By Fermented Products (2021-2030) ($MN)
4 Global Goat Milk Products Market Outlook, By Powdered Products (2021-2030) ($MN)
5 Global Goat Milk Products Market Outlook, By Concentrated Products (2021-2030) ($MN)
6 Global Goat Milk Products Market Outlook, By Fat-rich Products (2021-2030) ($MN)
7 Global Goat Milk Products Market Outlook, By Other Products Types (2021-2030) ($MN)
8 Global Goat Milk Products Market Outlook, By Packaging Type (2021-2030) ($MN)
9 Global Goat Milk Products Market Outlook, By Cans (2021-2030) ($MN)
10 Global Goat Milk Products Market Outlook, By Cartons (2021-2030) ($MN)
11 Global Goat Milk Products Market Outlook, By Bottles (2021-2030) ($MN)
12 Global Goat Milk Products Market Outlook, By Tubs (2021-2030) ($MN)
13 Global Goat Milk Products Market Outlook, By Other Packaging Types (2021-2030) ($MN)
14 Global Goat Milk Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
15 Global Goat Milk Products Market Outlook, By Non-store Based (2021-2030) ($MN)
16 Global Goat Milk Products Market Outlook, By Store Based (2021-2030) ($MN)
17 North America Goat Milk Products Market Outlook, By Country (2021-2030) ($MN)
18 North America Goat Milk Products Market Outlook, By Product Type (2021-2030) ($MN)
19 North America Goat Milk Products Market Outlook, By Fermented Products (2021-2030) ($MN)
20 North America Goat Milk Products Market Outlook, By Powdered Products (2021-2030) ($MN)
21 North America Goat Milk Products Market Outlook, By Concentrated Products (2021-2030) ($MN)
22 North America Goat Milk Products Market Outlook, By Fat-rich Products (2021-2030) ($MN)
23 North America Goat Milk Products Market Outlook, By Other Products Types (2021-2030) ($MN)
24 North America Goat Milk Products Market Outlook, By Packaging Type (2021-2030) ($MN)
25 North America Goat Milk Products Market Outlook, By Cans (2021-2030) ($MN)
26 North America Goat Milk Products Market Outlook, By Cartons (2021-2030) ($MN)
27 North America Goat Milk Products Market Outlook, By Bottles (2021-2030) ($MN)
28 North America Goat Milk Products Market Outlook, By Tubs (2021-2030) ($MN)
29 North America Goat Milk Products Market Outlook, By Other Packaging Types (2021-2030) ($MN)
30 North America Goat Milk Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
31 North America Goat Milk Products Market Outlook, By Non-store Based (2021-2030) ($MN)
32 North America Goat Milk Products Market Outlook, By Store Based (2021-2030) ($MN)
33 Europe Goat Milk Products Market Outlook, By Country (2021-2030) ($MN)
34 Europe Goat Milk Products Market Outlook, By Product Type (2021-2030) ($MN)
35 Europe Goat Milk Products Market Outlook, By Fermented Products (2021-2030) ($MN)
36 Europe Goat Milk Products Market Outlook, By Powdered Products (2021-2030) ($MN)
37 Europe Goat Milk Products Market Outlook, By Concentrated Products (2021-2030) ($MN)
38 Europe Goat Milk Products Market Outlook, By Fat-rich Products (2021-2030) ($MN)
39 Europe Goat Milk Products Market Outlook, By Other Products Types (2021-2030) ($MN)
40 Europe Goat Milk Products Market Outlook, By Packaging Type (2021-2030) ($MN)
41 Europe Goat Milk Products Market Outlook, By Cans (2021-2030) ($MN)
42 Europe Goat Milk Products Market Outlook, By Cartons (2021-2030) ($MN)
43 Europe Goat Milk Products Market Outlook, By Bottles (2021-2030) ($MN)
44 Europe Goat Milk Products Market Outlook, By Tubs (2021-2030) ($MN)
45 Europe Goat Milk Products Market Outlook, By Other Packaging Types (2021-2030) ($MN)
46 Europe Goat Milk Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
47 Europe Goat Milk Products Market Outlook, By Non-store Based (2021-2030) ($MN)
48 Europe Goat Milk Products Market Outlook, By Store Based (2021-2030) ($MN)
49 Asia Pacific Goat Milk Products Market Outlook, By Country (2021-2030) ($MN)
50 Asia Pacific Goat Milk Products Market Outlook, By Product Type (2021-2030) ($MN)
51 Asia Pacific Goat Milk Products Market Outlook, By Fermented Products (2021-2030) ($MN)
52 Asia Pacific Goat Milk Products Market Outlook, By Powdered Products (2021-2030) ($MN)
53 Asia Pacific Goat Milk Products Market Outlook, By Concentrated Products (2021-2030) ($MN)
54 Asia Pacific Goat Milk Products Market Outlook, By Fat-rich Products (2021-2030) ($MN)
55 Asia Pacific Goat Milk Products Market Outlook, By Other Products Types (2021-2030) ($MN)
56 Asia Pacific Goat Milk Products Market Outlook, By Packaging Type (2021-2030) ($MN)
57 Asia Pacific Goat Milk Products Market Outlook, By Cans (2021-2030) ($MN)
58 Asia Pacific Goat Milk Products Market Outlook, By Cartons (2021-2030) ($MN)
59 Asia Pacific Goat Milk Products Market Outlook, By Bottles (2021-2030) ($MN)
60 Asia Pacific Goat Milk Products Market Outlook, By Tubs (2021-2030) ($MN)
61 Asia Pacific Goat Milk Products Market Outlook, By Other Packaging Types (2021-2030) ($MN)
62 Asia Pacific Goat Milk Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
63 Asia Pacific Goat Milk Products Market Outlook, By Non-store Based (2021-2030) ($MN)
64 Asia Pacific Goat Milk Products Market Outlook, By Store Based (2021-2030) ($MN)
65 South America Goat Milk Products Market Outlook, By Country (2021-2030) ($MN)
66 South America Goat Milk Products Market Outlook, By Product Type (2021-2030) ($MN)
67 South America Goat Milk Products Market Outlook, By Fermented Products (2021-2030) ($MN)
68 South America Goat Milk Products Market Outlook, By Powdered Products (2021-2030) ($MN)
69 South America Goat Milk Products Market Outlook, By Concentrated Products (2021-2030) ($MN)
70 South America Goat Milk Products Market Outlook, By Fat-rich Products (2021-2030) ($MN)
71 South America Goat Milk Products Market Outlook, By Other Products Types (2021-2030) ($MN)
72 South America Goat Milk Products Market Outlook, By Packaging Type (2021-2030) ($MN)
73 South America Goat Milk Products Market Outlook, By Cans (2021-2030) ($MN)
74 South America Goat Milk Products Market Outlook, By Cartons (2021-2030) ($MN)
75 South America Goat Milk Products Market Outlook, By Bottles (2021-2030) ($MN)
76 South America Goat Milk Products Market Outlook, By Tubs (2021-2030) ($MN)
77 South America Goat Milk Products Market Outlook, By Other Packaging Types (2021-2030) ($MN)
78 South America Goat Milk Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
79 South America Goat Milk Products Market Outlook, By Non-store Based (2021-2030) ($MN)
80 South America Goat Milk Products Market Outlook, By Store Based (2021-2030) ($MN)
81 Middle East & Africa Goat Milk Products Market Outlook, By Country (2021-2030) ($MN)
82 Middle East & Africa Goat Milk Products Market Outlook, By Product Type (2021-2030) ($MN)
83 Middle East & Africa Goat Milk Products Market Outlook, By Fermented Products (2021-2030) ($MN)
84 Middle East & Africa Goat Milk Products Market Outlook, By Powdered Products (2021-2030) ($MN)
85 Middle East & Africa Goat Milk Products Market Outlook, By Concentrated Products (2021-2030) ($MN)
86 Middle East & Africa Goat Milk Products Market Outlook, By Fat-rich Products (2021-2030) ($MN)
87 Middle East & Africa Goat Milk Products Market Outlook, By Other Products Types (2021-2030) ($MN)
88 Middle East & Africa Goat Milk Products Market Outlook, By Packaging Type (2021-2030) ($MN)
89 Middle East & Africa Goat Milk Products Market Outlook, By Cans (2021-2030) ($MN)
90 Middle East & Africa Goat Milk Products Market Outlook, By Cartons (2021-2030) ($MN)
91 Middle East & Africa Goat Milk Products Market Outlook, By Bottles (2021-2030) ($MN)
92 Middle East & Africa Goat Milk Products Market Outlook, By Tubs (2021-2030) ($MN)
93 Middle East & Africa Goat Milk Products Market Outlook, By Other Packaging Types (2021-2030) ($MN)
94 Middle East & Africa Goat Milk Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
95 Middle East & Africa Goat Milk Products Market Outlook, By Non-store Based (2021-2030) ($MN)
96 Middle East & Africa Goat Milk Products Market Outlook, By Store Based (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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