The goat milk market was valued at US$ 13,559.5 million in 2018 and is expected to grow at a CAGR of 3.0% from 2019 to 2027 to reach US$ 17,440.7 million by 2027.
Goat milk is very nutritious and contains vital minerals. It also contains vitamins and higher amounts of potassium, iron, and vitamin A than cows’ milk. Goat milk is very healthful, has a protein composition similar to human breast milk, and is extra digestible than cow milk. Goat milk is popular in the personal care industry and is used in a large number of cosmetic products. As goat milk has natural neutral pH and natural lactic acid, it is preferred in the manufacture of skincare products such as lotions, soaps, creams, and cleansers. The natural high-fat content in the goat milk makes it an excellent skin moisturizer. Therefore, the growing popularity of goat milk in the personal care industry is expected to drive the growth of the goat milk market.
North America accounted for the largest share of the global goat milk market. Growing attention towards the nutritional value of dairy products, increasing health concerns, and increasing the popularity of goat milk owing to the versatile health benefits are the significant factors that are expected to drive the growth of the global goat milk market during the forecast. Transformation in the food and beverage habits, modern food needs, and the fast and healthy lifestyle of the inhabitants has a noteworthy influence on the goat milk market in the North America region.
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Goat Milk Market: Strategic Insights
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Goat Milk Market: Strategic Insights
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Market Insights
Health benefits Offered by Goat Milk is leading to Rising Demand for Goat Milk Globally
A glass of milk, which helps meet the human body’s daily fat and calcium requirements, is proven to improve immunity and metabolism. However, some consumers suffer from gastric issues owing to intolerance to lactose present in cow milk. Nutritionists recommend goat milk over cow milk to such lactose intolerant consumers as the former one has relatively less sugar content. Also, it doesn’t cause stomach ailments or acidity and gets digested easily. Raw goat milk assists in healing several diseases as it helps boost platelet count throughout the infections caused by dengue and other viruses. Moreover, it is a good source of colostrum and is considered as a natural cure for jaundice as well. Anti-inflammatory properties imparted by this milk are unique due to its enzymatic makeup that meritoriously controls gut inflammation.
Product Insights
The goat milk market is segmented on the basis of milk, cheese, milk powder, and others. The global Goat milk market based on product was led by the milk segment and held the largest market share. The goat milk market is driven by factors such as increasing health concerns among consumers and increasing demand for goat milk in the personal care industry. Goat milk is a nutritious drink with essential vitamins and minerals, which provides multiple health benefits. Goat milk contains a higher amount of potassium, calcium, iron, and vitamin A than cow’s milk. Also, the goat milk contains less lactose than cow’s milk, it is easily digested, and the goat milk has plenty of calcium, lower cholesterol, and is a good source of essential vitamins. The demand for goat milk market is primarily driven by the various nutritional benefits offered by it. The goat milk also helps in curing a lot of diseases, and it is used to improve the platelet count during viral infections as it has antibodies and is considered a natural cure for jaundice.
Distribution Channel Insights
The goat milk market is segmented on the basis of distribution channel into hypermarkets and supermarkets, convenience stores, specialty stores, online, and medical & pharmacy store. The global goat milk market based on distribution channel was led by the specialty stores segment and held the largest market share. Specialty stores are the retail stores which are focused on offering specific product categories. Specialty Stores for dairy products are primarily engaged in selling dairy products such as milk, butter, cheese, yogurt, cottage cheese, and ice cream. These shops also provide great consumer experience with unique features such as high-level customer service, premium offers, and special discounts.
Market initiative and mergers and acquisitions are commonly adopted by companies to expand their footprint worldwide, which is further impacting the size of the market. The players present in the goat milk market adopt the strategy of market initiative and mergers and acquisitions to enlarge the customer base and to gain significant market share across the world, which also permits the players to maintain their brand name globally.
Goat Milk Market Regional Insights
The regional trends and factors influencing the Goat Milk Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Goat Milk Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Goat Milk Market Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 13.56 Billion |
| Market Size by 2027 | US$ 17.44 Billion |
| Global CAGR (2018 - 2027) | 3.0% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Goat Milk Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Goat Milk Market are:
- Delamere Dairy
- Emmi Group
- Hay Dairies Pte Ltd.
- Kavli
- Goat Partners International, Inc.
Disclaimer: The companies listed above are not ranked in any particular order.
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Global Goat Milk Market – By Product
- Milk
- Cheese
- Milk Powder
- Others
Global Goat Milk Market – By Distribution Channel
- Hypermarkets and Supermarket
- Convenience Stores
- Specialty Stores
- Online
- Medical & Pharmacy Stores
Company Profiles
- Delamere Dairy
- Emmi Group
- Hay Dairies Pte Ltd.
- Kavli
- Goat Partners International, Inc.
- Ausnutria Dairy Corporation Ltd.
- Stickney Hill Dairy, Inc.
- Granarolo Group
- Summerhill Goat Dairy
- Gay Lea Foods Co-operative Ltd.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Distribution Channel and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Essential vitamins such as A, B1, B2, B3, and minerals such as calcium and phosphorous are predominantly present in the goat milk. Also, the goat milk contains less lactose than cow’s milk, it is easily digested, and the goat milk has plenty of calcium, lower cholesterol, and is a good source of essential vitamins. The demand for goat milk market is primarily driven by the various nutritional benefits offered by it. The goat milk also helps in curing a lot of diseases, and it is used to improve the platelet count during viral infections as it has antibodies and is considered a natural cure for jaundice.
Goat milk lead the global goat milk market. Goat milk is a nutritious drink with essential vitamins and minerals, which provides multiple health benefits. Goat milk contains higher amount of potassium, calcium, iron, and vitamin A than cow’s milk. The goat milk market is driven by factors such as increasing health concerns among consumers, increasing awareness about the medicinal benefits of the goat milk, and increasing demand for goat milk in the personal care industry.
The goat milk market was dominated by North America. The largest number of milk goats are found in Wisconsin (44,000 head), Iowa (30,000 head), California (41,000 head), New York (13,700 head), and Pennsylvania (15,000 head). In 2018, the milk goat count in the US went up to 380,000, which accounted for 16% of the global milk goats. Every state in the US has its own goat breeders’ association, and there are several national organizations, magazines, and websites which promote goat milk products such as goat cheeses, cosmetics, and candy products.
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The List of Companies - Goat Milk Market
- Delamere Dairy
- Emmi Group
- Hay Dairies Pte Ltd.
- Kavli
- Goat Partners International, Inc.
- Ausnutria Dairy Corporation Ltd.
- Stickney Hill Dairy, Inc.
- Granarolo Group
- Summer Hill Goat Dairy
- Gay Lea Foods Co-operative Ltd.
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