Global Goat Milk-Based Infant Formula Market, By Type (First Class (0-6 Months), Second Class (6-12 Months), Third Class (1-3 Years)), Distribution Channel (Supermarkets/Hypermarkets, Retail Stores, Online Selling, Others), Packaging Type (Bottle Packaging, Tetra Packaging) – Industry Trends and Forecast to 2029
Market Analysis and Size
Goat milk formulas have gained huge popularity in the recent years as they are considered more digestible than cow milk, and identical to human milk. Fat globules that are present in goat milk-based infant formula are relatively smaller in diameter, enabling easier digestion of up to 94% among infants. Goat based infant formulas can be used as a healthy option especially among babies and toddlers who have concerns about cow milk.
Goat Milk-Based Infant Formula Market was valued at USD 9.89 billion in 2021 and is expected to reach USD 17.64 billion by 2029, registering a CAGR of 7.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Goat milk formula has identical prebiotic properties to human breast milk because it comprises 14 naturally occurring oligosaccharides prebiotics, five of which are present in breast milk. The goat's milk formula is primarily developed and sold as the primary raw ingredient for feeding babies and infants.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Type (First Class (0-6 Months), Second Class (6-12 Months), Third Class (1-3 Years)), Distribution Channel (Supermarkets/Hypermarkets, Retail Stores, Online Selling, Others), Packaging Type (Bottle Packaging, Tetra Packaging)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Market Players Covered
Dairy Goat Co-operative (N.Z.) Limited (US), Danone (France) , AUSNUTRIA (Hong Kong), Little Bundle (Netherlands), Danalac (Denmark), Orient EuroPharma Co., Ltd. (Taiwan), Bubs Organic, LLC. (Australia), Shaanxi Hongxing Meiling Dairy Co., Ltd. (China), Xi'an Baiyue Goat Milk Group Co., Ltd. (China), Kabrita (Canada), MT. CAPRA (US), Vitagermine (France), Oli6 (Australia), Formuland Inc. (US), Aotearoa Nutrients (New Zealand), and Nannycare Ltd. (UK), among others
Goat Milk-Based Infant Formula Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Inclination towards Healthy Lifestyle
The increase in the consumer preference for dietary improvements acts as one of the major factors driving the growth of goat milk-based infant formula market. The rise in trend of leading a healthy lifestyle among all age groups shifting to healthy and innovative approach have a positive impact on the industry.
- Demand for Breast Milk Alternatives
The rise in adoption of goat milk-based infant formula as an alternative source of nourishment for the infants accelerate the market growth. Goat milk is considered a healthy source for baby’s growth owing to the enzymes present. Also, the trend of bottle-feeding culture across countries has a positive impact on the market.
- Benefits of Goat Milk
The increase in the awareness regarding several benefits of goat milk especially among the health-conscious consumers further influence the market. The shift in lactose-intolerant individuals towards goat milk owing to its lower lactose levels assists in the expansion of the market.
Additionally, change in lifestyle, increase in the disposable income and rise in awareness regarding the benefits of the nutrition plan positively affect the goat milk-based infant formula market.
Furthermore, launch of value-added products such as flavored milk varieties with fat-free and low sugar contents extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in demand for goat milk in the personal care sector for manufacturing creams, lotions, and soaps, among others will further expand the market.
On the other hand, concerns regarding side-effects of goat milk such as allergic reactions in infants are expected to obstruct market growth. Also, government tightening of macroeconomic policies are projected to challenge the goat milk-based infant formula market in the forecast period of 2022-2029.
This goat milk-based infant formula market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on goat milk-based infant formula market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Goat Milk-Based Infant Formula Market
COVID-19 had a negative impact on several industries. However, goat milk-based infant formula market witnessed a significant growth during this period. During the lockdown imposed by the government for restricting the spread of the coronavirus disease, most of the population took keen interest in adopting health diets. People are adopting healthy nutritive options to increase their immunity with the increasing health complications. The rise in the emphasis on good health is going to keep increasing the growth of the market in the post pandemic scenario.
- HOCHDORF Holding AG launched Bimbosan goat milk formula in March’2021. The company aims to offer a healthy alternative especially to babies with sensitive digestion. The product deliver increased digestibility along with various other nutrients.
Global Goat Milk-Based Infant Formula Market Scope and Market Size
The goat milk-based infant formula market is segmented on the basis of type, distribution channel, and packaging type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- First Class (0-6 Months)
- Second Class (6-12 Months)
- Third Class (1-3 Years)
- Retail Stores
- Online Selling
- Bottle Packaging
- Tetra Packaging
Goat Milk-Based Infant Formula Market Regional Analysis/Insights
The goat milk-based infant formula market is analysed and market size insights and trends are provided by country, type, distribution channel, and packaging type as referenced above.
The countries covered in the goat milk-based infant formula market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the goat milk-based infant formula market because of the increase in the health consciousness among the consumers along with rising demand of the goat milk within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the growing demand of the goat milk as it is highly nourishing and easily digestible.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Goat Milk-Based Infant Formula Market Share Analysis
The goat milk-based infant formula market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to goat milk-based infant formula market.
Some of the major players operating in the goat milk-based infant formula market are
- Dairy Goat Co-operative (N.Z.) Limited (US)
- Danone (France)
- AUSNUTRIA (Hong Kong)
- Little Bundle (Netherlands)
- Danalac (Denmark)
- Orient EuroPharma Co., Ltd. (Taiwan)
- Bubs Organic, LLC. (Australia)
- Shaanxi Hongxing Meiling Dairy Co., Ltd. (China)
- Xi'an Baiyue Goat Milk Group Co., Ltd. (China)
- Kabrita (Canada)
- MT. CAPRA (US)
- Vitagermine (France)
- Oli6 (Australia)
- Formuland Inc. (US)
- Aotearoa Nutrients (New Zealand)
- Nannycare Ltd. (UK)
Research Methodology: Global Goat Milk-Based Infant Formula Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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