Sheep Milk Market Forecasts to 2028 - Global Analysis By Category (Organic, Conventional and Other Categories), Product (Cheese, Butter, Liquid Milk, Soap, Ice Cream, Dessert, Yogurt, Milk Powder and Other Products), Application, Distribution Channel, End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $6.26 BN |
|
Projected Year Value (2028) |
US $8.61 BN |
|
CAGR (2022 - 2028) |
5.45% |
|
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 |
North America |
According to Stratistics MRC, the Global Sheep Milk Market is accounted for $6.26 billion in 2022 and is expected to reach $8.61 billion by 2028 growing at a CAGR of 5.45% during the forecast period. Sheep milk is also referred as ewe's milk. Domestic sheep are used to obtain the milk. Because to their greater production and longer lactation duration, only a few number of specialized breeds are used to produce commercial dairy products. The digestive system of humans can readily take and digest sheep milk. It is regarded as a nutritious replacement for cow and goat milk. It provides resistance to several illnesses and has antiallergenic qualities. Sheep milk contains high amount of protein, lactose, lipid fat, saturated fatty acids, unsaturated fatty acids, carbohydrates, vitamins, minerals and amino acids.
According to the National Institute of Health, 65% of people are suffering from lactose intolerance in 2020 which increased the shift toward sheep milk as it is easy to digest and helps to get enough energy and protein. This raised the price of sheep milk by 1.3%
.
Market Dynamics:
Driver:
Growing awareness of its health benefits
Compared to other milk sources, sheep milk has a higher nutritional content. It contains a lot of protein, fat, lactose, carbs and other things. Many health advantages include immune booster, enhanced growth and development, cancer prevention, better reproductive health, blood pressure control, preservation of bone mineral density, management of cholesterol, blood vascular system, and heart health. These elements collectively are fueling the market expansion.
Restraint:
Less popular and difficult to find
The market for cow milk is the main barrier to the growth of sheep milk. Cow milk has a larger share within the dairy sector since it is more widely consumed and commercially more accessible to the general public. Moreover, sheep cannot be reared in all climates and it produces less milk, so the milk production is not uniform globally. These elements are restraining the growth of the market.
Opportunity:
Rise in urbanization
The steady expansion of the middle class and the nation’s increasing industrialization present profitable business prospects for the leading market participants. People are prepared to spend more for food items like sheep milk, which is more expensive than cow milk, due to the population's increased disposable income in the middle-income group. Demand for sheep milk from customers who value their health, and the accessibility of a wide range of product options is driving the market growth.
Threat:
Quite expensive compared to other milks
Sheep's milk has nearly twice as much fat as cow or goat milk and is much richer in milk solids (fat and protein). It is the creamiest milk ever exists. They are productive producers who simply require grass. Due to its multiple advantages and inability to sustain regular cultivation, the price is very high. All of these elements are impeding the market expansion.
Covid-19 Impact
Dairy sectors all around the world have been severely impacted by the COVID epidemic because of lower farm gate milk prices, a lack of workers, disruptions, and challenges of transferring milk through supply chains. It increased the costs and affected the sheep milk market in the initial phase itself. Yet, the market is expanding post-pandemic and throughout the second wave. In the upcoming years, the industry is anticipated to experience considerable expansion.
The children segment is expected to be the largest during the forecast period
The children segment is estimated to have a lucrative growth, due to its high nutritional value. Sheep milk powder is a vital component of infant food and cereal and is always in great demand. Compared to cow or goat milk, sheep milk has a higher nutritional content and is easier to digest, making it the milk of choice for lactose intolerant children. Sheep milk also aids in the development of muscles, tissue, and bones, all of which are crucial for a child's growth, which is further driving the growth of the segment.
The conventional segment is expected to have the highest CAGR during the forecast period
The conventional segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its easy availability. Although it is more cost-effective, the bulk of dairy producers provide milk to consumers using conventional sheep farming techniques. Due to its low cost and ease of accessibility, conventional farming is one of the most common and recommended farming techniques. The demand for conventional sheep milk has fuelling significantly as a result of all these causes.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to its technological advancements. By research and development, technical innovation, and other methods, the key manufacturers in this region are intensely focused on creating high-quality and unique goods to satisfy consumer needs. Rise in urbanization, change in consumer preferences for taste, increase in demand for high-protein and high-energy products are boosting the growth of the sheep milk market in Asia-Pacific.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to its raising infant population. This region is the largest consumer of baby food. Sheep milk powder is an essential raw material for the baby food industry. There is a huge demand for sheep milk from health-conscious crowd as it is good for health and improved vitality. All these aspects are fuelling the market in this region.
Key players in the market
Some of the key players profiled in the Sheep Milk Market include Haverton Hill Creamery, Sheep Milk Company Ltd, Origin Earth, Velvet Cloud, New Zealand Sheep Milk Company, Maui Milk Ltd, Alimenta, Spring Sheep, Roquefort Vernieres, NZ Health Food Sheep, PremiBrebis, Shepherds Purse Cheeses, Best Baa Dairy Ltd, Maxigenes, Secret Lands Farm, OVINO and Fernglen Farm.
Key Developments:
In October 2020, New Zealand dairy Spring Sheep Milk Company has become a client of primary collaboration of New Zealand (PCNZ) Shanghai. Now the company exports its milk to china and will continue its expansion to 11 farms in the next season.
In July 2017, Haverton Hill creamery announced to open new location in Corning. Owners Missy and Joe Adiego have chosen Tehama County, specifically Corning, due in part to the community’s involvement with agriculture with the hope of shipping products to the local Safeway and a few independent grocers in the area.
Categories Covered:
• Organic
• Conventional
• Other Categories
Products Covered:
• Cheese
• Butter
• Liquid Milk
• Soap
• Ice Cream
• Dessert
• Yogurt
• Milk Powder
• Other Products
Applications Covered:
• Children
• Adult
• Aged
• Other Applications
Distribution Channels Covered:
• Convenience Stores
• Supermarkets
• Hypermarkets
• Offline Stores
• Online Stores
• Other Distribution Channels
End Users Covered:
• Residential
• Commercial
• Other End Users
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 2020, 2021, 2022, 2025, and 2028
- 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
o 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 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 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 Sheep Milk Market, By Category
5.1 Introduction
5.2 Organic
5.3 Conventional
5.4 Other Categories
6 Global Sheep Milk Market, By Product
6.1 Introduction
6.2 Cheese
6.3 Butter
6.4 Liquid Milk
6.5 Soap
6.6 Ice Cream
6.7 Dessert
6.8 Yogurt
6.9 Milk Powder
6.10 Other Products
7 Global Sheep Milk Market, By Application
7.1 Introduction
7.2 Children
7.3 Adult
7.4 Aged
7.5 Other Applications
8 Global Sheep Milk Market, By Distribution Channel
8.1 Introduction
8.2 Convenience Stores
8.3 Supermarkets
8.4 Hypermarkets
8.5 Offline Stores
8.6 Online Stores
8.7 Other Distribution Channels
9 Global Sheep Milk Market, By End User
9.1 Introduction
9.2 Residential
9.3 Commercial
9.4 Other End Users
10 Global Sheep Milk Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Haverton Hill Creamery
12.2 Sheep Milk Company Ltd
12.3 Origin Earth
12.4 Velvet Cloud
12.5 New Zealand Sheep Milk Company
12.6 Maui Milk Ltd
12.7 Alimenta
12.8 Spring Sheep
12.9 Roquefort Vernieres
12.10 NZ Health Food Sheep
12.11 PremiBrebis
12.12 Shepherds Purse Cheeses
12.13 Best Baa Dairy Ltd
12.14 Maxigenes
12.15 Secret Lands Farm
12.16 OVINO
12.17 Fernglen Farm
List of Tables
1 Global Sheep Milk Market Outlook, By Region (2020-2028) ($MN)
2 Global Sheep Milk Market Outlook, By Category (2020-2028) ($MN)
3 Global Sheep Milk Market Outlook, By Organic (2020-2028) ($MN)
4 Global Sheep Milk Market Outlook, By Conventional (2020-2028) ($MN)
5 Global Sheep Milk Market Outlook, By Other Categories (2020-2028) ($MN)
6 Global Sheep Milk Market Outlook, By Product (2020-2028) ($MN)
7 Global Sheep Milk Market Outlook, By Cheese (2020-2028) ($MN)
8 Global Sheep Milk Market Outlook, By Butter (2020-2028) ($MN)
9 Global Sheep Milk Market Outlook, By Liquid Milk (2020-2028) ($MN)
10 Global Sheep Milk Market Outlook, By Soap (2020-2028) ($MN)
11 Global Sheep Milk Market Outlook, By Ice Cream (2020-2028) ($MN)
12 Global Sheep Milk Market Outlook, By Dessert (2020-2028) ($MN)
13 Global Sheep Milk Market Outlook, By Yogurt (2020-2028) ($MN)
14 Global Sheep Milk Market Outlook, By Milk Powder (2020-2028) ($MN)
15 Global Sheep Milk Market Outlook, By Other Products (2020-2028) ($MN)
16 Global Sheep Milk Market Outlook, By Application (2020-2028) ($MN)
17 Global Sheep Milk Market Outlook, By Children (2020-2028) ($MN)
18 Global Sheep Milk Market Outlook, By Adult (2020-2028) ($MN)
19 Global Sheep Milk Market Outlook, By Aged (2020-2028) ($MN)
20 Global Sheep Milk Market Outlook, By Other Applications (2020-2028) ($MN)
21 Global Sheep Milk Market Outlook, By Distribution Channel (2020-2028) ($MN)
22 Global Sheep Milk Market Outlook, By Convenience Stores (2020-2028) ($MN)
23 Global Sheep Milk Market Outlook, By Supermarkets (2020-2028) ($MN)
24 Global Sheep Milk Market Outlook, By Hypermarkets (2020-2028) ($MN)
25 Global Sheep Milk Market Outlook, By Offline Stores (2020-2028) ($MN)
26 Global Sheep Milk Market Outlook, By Online Stores (2020-2028) ($MN)
27 Global Sheep Milk Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
28 Global Sheep Milk Market Outlook, By End User (2020-2028) ($MN)
29 Global Sheep Milk Market Outlook, By Residential (2020-2028) ($MN)
30 Global Sheep Milk Market Outlook, By Commercial (2020-2028) ($MN)
31 Global Sheep Milk Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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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