The goat milk products market is expected to increase at a 4.9% CAGR from 2023 to 2033, from USD 13.06 billion in 2023 to USD 21.07 billion in 2033.
Nutritional Advantages Over Other Milk Types
In terms of adaptability to arid and humid, tropical and cold, and desert and mountain climates, goats are among the most adaptable domestic animals. They supply numerous valuable goods to people, including meat, mohair, skins, leather, milk, cashmere, draught and pack power, and manure for gardens and crops. As a result, an increasing number of people are interested in goat milk as a valued "super" dairy food with unique medicinal, nutritional, immunological, and biological features.
The numerous health benefits of goat milk, such as its capacity to promote healthy weight gain, ease digestion, improve platelet count, avoid insulin resistance, and lower cholesterol levels, have resulted in an increase in its consumption. Also, A2 casein is found in substantial concentrations in goat milk.
With high protein concentration, A2 casein benefits the management of inflammatory disorders such as irritable bowel syndrome. After breastfeeding, newborns are commonly given goat milk as their initial source of protein. When compared to cow's milk, goat milk is less allergic.
| Report Attribute | Details |
|---|---|
| Goat Milk Products Market Value (2023) | USD 13.06 billion |
| Goat Milk Products Market Anticipated Value (2033) | USD 21.07 billion |
| Goat Milk Products Market Growth Rate (2023 to 2033) | 4.9% CAGR |
The goat milk products market accounted for USD 12.45 billion in 2022, expanding at a 4.5% CAGR from 2018 to 2022.
Goat milk cheese has grown in popularity in recent years. Children and the elderly find it especially tempting due to their sensitivity to allergic reactions to cow's milk products. Furthermore, goat's milk cheese contains a variety of healthy fats, such as fatty acids, medium-chain triglycerides, and short- and medium-chain unsaturated fats.
The cheese also includes high-quality, easily absorbed protein, which supplies the essential amino acids required by the human body. Goat cheese contains few allergens and promotes digestive health in addition to lowering inflammation.
The usage of goat dairy products is growing since they are easy to digest and include nutrients such as potassium, vitamin A, calcium, and others that are beneficial to bone health. These factors are expected to boost the growth of the worldwide goat milk products market.
During the pandemic's climax, most shops and grocery stores began hoarding goat dairy products, resulting in a shortage of these items. Due to limited supply chain operations, producers were unable to procure raw materials and produce foodstuffs to fulfill demand.
Manufacturing activities were hampered due to the dairy industry's fractured supply chain and restrictions on labor travel. Following the pandemic, it is projected that global demand for dairy is likely to increase due to the growing consumption of nutritious dairy foods. As per the FMI analysts, a valuation of USD 21.07 billion by 2033 end is estimated for the market.
| Historical CAGR (2018 to 2022) | 4.5% |
|---|---|
| Forecast CAGR (2023 to 2033) | 4.9% |
| Year | Values |
|---|---|
| 2016 | USD 9.34 billion |
| 2021 | USD 11.87 billion |
| 2022 | USD 12.45 billion |
| 2023 | USD 13.06 billion |
| 2033 | USD 21.07 billion |
Many goat’s dairy-producing countries, such as India, China, and Pakistan, are merely a portion of this region. Asia Pacific is home to more than 60% of the world's this animal count. Likewise, there is a growing preference among customers in this region for dairy products that are easy to digest and high in nutrients.
The governments in this region provide numerous incentives for animal production. For example, the Indian government provides more than a 25% subsidy on the total cost of animal farms. All these factors are expected to have a positive impact on the growth of the target market in this area.
North America is expected to grow significantly during the projection period. The expanding population rate, as well as the growing use of goat milk as therapeutic health food nutraceutical, are the two primary reasons driving regional market expansion.
Increased demand for cheese in the fast-food industry is propelling market expansion. Moreover, consumers in this region are becoming more aware of the numerous advantages that goat milk provides, such as protein, calcium, vitamins, iron, lipids, and other critical minerals.
Goat milk is easy to digest than other options. Many studies have found that foods made from this aminol boost the body's ability to absorb important nutrients from meals. But cow's milk interferes with the absorption of key components such as copper, iron, and so on. As a result, the demand for liquid goat milk is significantly increasing.
Customers and end-product producers, such as cheesemakers, purchase liquid milk, which is expected to boost this segment's growth.
Over the projected period, the powdered milk segment is expected to increase at a rapid pace. The powdered form is simple to carry and incorporate into a variety of end products. The use of powdered goat milk in newborn formula and baby meals has lately increased.
China is the leading importer of dairy goods and powdered dairy for use in infant formulas. Also, the powered product has a long shelf life than its competitors.
The supermarket and hypermarket sectors account for a high proportion of all distribution channels over the projection period. This is because it enables simple access to a diverse selection of goat dairy products under one roof. As a result, clients can simply select products from a wide range of options.
Seasonal displays of these dairy dishes are becoming increasingly common, which is promoting new products and expanding the business. Nevertheless, many producers benefit greatly from supermarket and hypermarket networks. As a result, dairy product manufacturers intend to target this market.
Ausnutria Dairy Corporation Ltd., Emmi Group, Goat Partners International Inc., Holle infant food AG, St Helen's Farm, Hewitt's Dairy, Woolwich Dairy Ltd., Xi'an Baiyue Goat Dairy Group Co.Ltd., HiPP, and Courtyard Farms are among the leading participants in the global goat milk products market.
Businesses are increasingly focusing on developing new products in order to increase their worldwide market share. Ausnutria Dairy Corporation Limited, for example, offered CBM Goat Power, a line of protein-rich goat milk ingredients, in 2021.
Key Companies Profiled in the Global Goat Milk Products Market
| Attribute | Details |
|---|---|
| Market Size Value In 2023 | USD 13.06 billion |
| Market Size Value at End of Forecast (2033) | USD 21.07 billion |
| Market Analysis | USD billion for Value |
| Key Region Covered | North America; Europe; Asia Pacific; Central & South America; The Middle East & Africa |
| Key Segments | By Type, By Distribution Channel, By Region |
| Key Companies Profiled | Ausnutria Dairy Corporation Ltd.; Emmi Group; Goat Partners International Inc.; Holle baby food AG; St Helen’s Farm; Hewitt’s Dairy; Woolwich Dairy Inc.; Xi'an Baiyue Goat Dairy Group Co.Ltd.; HiPP; Courtyard Farms |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market may register a CAGR of 4.9% through 2033.
The market is expected to surpass USD 21.07 billion by 2033.
The category of liquid milk is anticipated to generate enormous sales.
The supermarket and hypermarket segments outshine the market.
From 2018 to 2022, the goat milk products market advanced at a 4.5% HCAGR.
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Goat Milk Products Market
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