Sheep Milk Market to Grow at a CAGR of 4.1% to reach US$ 8,095.61 Million from 2020 to 2028

The sheep milk market was valued at US$ 6,129.64 million in 2021 and is projected to reach US$ 8,095.61 million by 2028; it is expected to grow at a CAGR of 4.1% from 2021 to 2028.

Sheep milk, also known as ewe’s milk, is obtained from domestic sheep. Several sheep breeds are farmed to get wool and are further used for meat and milk; however, a few specialized breeds are only utilized for commercial dairy products as they have a higher yield and longer lactating period. Sheep milk has been utilized since primordial time, owing to its high acceptability and digestibility to the human digestive system. It is further considered to be a healthy alternative to cow and goat milk, as it offers resistance against certain diseases and has antiallergenic properties. It mainly consists of a high amount of protein (5.4%); lactose (4.9%); lipid fat (6.4%); saturated fatty acids; carbohydrates; unsaturated fatty acids, including oleic acid, conjugated linoleic acids, and trans-fatty acids; vitamins, such as vitamin B12, vitamin B5, vitamin A, vitamin B2, vitamin B1, vitamin C; minerals, such as phosphorus and calcium; and amino acids, such as tryptophan, valine, threonine, isoleucine, leucine, lysine, and histidine.

Asia-Pacific is anticipated to hold the largest share of the global sheep milk market during the forecast period. Steady growth in the middle-class population, coupled with a rise in urbanization in the countries, creates lucrative opportunities for the major market players. Due to the ever-increasing disposable income of the middle-income group population, people are willing to pay higher prices for food products such as sheep milk, which is comparatively expensive than cow milk. Change in consumer preferences for taste, increase in demand for high-protein and high-energy products, rise in demand for sheep milk from health-conscious consumers, and the easy availability of various product variants, are boosting the growth of the sheep milk market in Asia-Pacific.  

The ongoing COVID-19 pandemic has massively affected the dairy industries in different countries, including China and the US, owing to decreased farmgate milk prices, worker shortages, disruption & difficulties of moving milk within the supply chains, increased production costs, and the lack of operating capital. However, the COVID-19 pandemic also had a massive impact mainly on how consumers shop, eat, and live. Lockdowns, as well as restaurant closures, have further contributed to an increase in the number of meals cooked and eaten at home, spurring meaningful growth across dairy products such as fluid milk and other milk-made products. Retail-facing dairy industries have benefited from these consumer trends. McKinsey company had conducted the third annual US dairy consumer survey with more than 1,000 respondents in October 2020. In addition, with the relaxation of restrictions on personnel movement and the lifting of lockdown measures, the global sheep milk market is presumed to witness notable growth in the coming years since people are aware of its nutritious value. Sheep milk contains nearly one-third more energy as compared to cow or goat milk (which makes it a favorite of high-performance athletes). It also has double the protein and much more of the right kinds of fats, vitamins, and minerals, particularly calcium, iron, phosphorus, magnesium, and zinc, while being lower in sodium. In addition, the growing demand for food products, especially packaged food & beverages, owing to the COVID-19 outbreak, is driving the demand for sheep milk from the food industry. Amid the COVID-19 pandemic, consumers are focused on maintaining their health, which is likely to boost sales of food products such as sheep milk globally. In the current situation, it is essential to raise immunity to combat the novel coronavirus and maintain hygiene and adhere to all medical advice. Furthermore, the rising demand for essential food products would propel the market growth during the forecast period. The COVID-19 pandemic has had a mild impact on the sheep milk market during the initial phase. However, the market is gaining share during the second wave of COVID-19, and post-pandemic, it is expected to gain significant growth in the coming years.

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Sheep Milk Market: Strategic Insights

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Market Insights

Growing Consumer Awareness Toward Health Benefits of Sheep Milk

Sheep milk has been used since primordial time owing to its huge acceptability and digestibility to the human digestive system. Various sheep breeds are farmed to get wool and are further utilized for meat and milk. Besides, it is considered a healthy alternative to cow and goat milk. The demand for sheep milk, along with byproducts, has increased, owing to the increasing awareness about its high nutritional value and wide health benefits. It boosts immunity, enhances development and growth, improves reproductive health, prevents cancer, maintains blood pressure and cardiac health, regulates cholesterol, and improves bones mineral density and blood vascular system.

Category Insights

Based on category, the global sheep milk market is segmented into organic and conventional.

The conventional segment held a larger share of the market. Conventional sheep milk is obtained from sheep fed with conventionally grown feed i.e., with the application of chemicals. The majority of the dairy farmers use conventional sheep farming practices to deliver milk to consumers as it is more economical. Conventional farming is known as one of the most popular as well as preferred farming methods, owing to its price and easy availability. All these factors have led to a significant rise in demand for conventional sheep milk.

Distribution Channel Insights

Based on distribution channel, the global sheep milk market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The convenience stores segment held the largest share of the market. A convenience store is a retail outlet that sells a limited range of ready-to-eat products, bottled and fountain beverages, and various other products. The staff of a convenience store has complete knowledge about the product, which helps buyers know the product's specifications before buying. In the US, convenience stores are usually associated with fuel stations. They are often located along busy roads or at important intersections in a community. Displaying products through convenience stores offer several benefits such as providing an opportunity for growth, targeted product placement, wide geographic reach, a perfect place for product testing, and many others, to the manufacturers and any brand. Due to all these benefits, even the sheep milk brands are selling their products through this sales channel. Also, the growing focus of consumers on purchasing the right quality products, increasing health concerns, and increasing focus on nutritional values are creating a lucrative demand for sheep milk.

Origin Earth Limited, Sheep Milk Company Ltd., Velvet Cloud, Best Baa Dairy Limited, OVINO, Secret Lands Farm, and Fernglen Farm are among the well-established players operating in the global sheep milk market. These companies offer their products worldwide, which helps them in catering to a wider customer base. The major market players are highly focused on the development of high-quality and innovative products to meet customer requirements. Over the past few years, the companies operating in the market have realized the immense potential of the sheep milk market, and they are adopting strategies such as mergers & acquisitions and product launches to boost the market growth.

Report Spotlights

• Progressive industry trends in the global sheep milk market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the global sheep milk market from 2019 to 2028
• Estimation of the demand for sheep milk across various industries
• Recent developments to understand the competitive market scenario and the demand for sheep milk
• Market trends and outlook, coupled with factors driving and restraining the growth of the sheep milk market
• Decision-making process by understanding strategies that underpin commercial interest with regard to the global sheep milk market growth
• Sheep milk market size at various nodes of the market
• Detailed overview and segmentation of the global sheep milk market, as well as its dynamics in the industry
• Sheep milk market size in various regions with promising growth opportunities

Sheep Milk Market Regional Insights

The regional trends and factors influencing the Sheep Milk Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Sheep Milk Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Sheep Milk Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Sheep 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 Sheep Milk Market are:

1. Origin Earth Limited
2. Sheep Milk Company Ltd.
3. Velvet Cloud
4. Best Baa Dairy Limited
5. OVINO

Disclaimer: The companies listed above are not ranked in any particular order.

The report segments the global sheep milk market as follows:

Based on category, the global sheep milk market is segmented into organic and conventional.

In terms of

distribution channel

,

the global sheep milk market

has been segmented into

supermarkets & hypermarkets, convenience stores, online retail, and others. By geography, the sheep milk market is segmented into five main regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Company Profiles

• Origin Earth Limited
• Sheep Milk Company Ltd.
• Velvet Cloud
• Best Baa Dairy Limited
• OVINO
• Secret Lands Farm
• Fernglen Farm