Global Goat Milk Market – Industry Trends and Forecast to 2030

Global Goat Milk Market, By Sector (Unorganized, Organized), Product (Milk, Cheese, Milk Powder, Other), Distribution Channel (Hypermarkets & Supermarket, Convenience Store, Specialty Stores, Medical & Pharmacy Store, Online), End User (Adult, Teenager, Elderly, Infant)  – Industry Trends and Forecast to 2030.

Goat Milk Market Analysis and Size

The global population of goat continues to increase and is now over one billion. The number of goats elevated mainly for milk production is also increasing, owing to expanding demand. Most of the global dairy goat consumption and production is in Asia, but a global view of the dairy goat industry reveals significant lessons about creating successful modern dairy goat sectors.  The growing health and wellness trends and increasing lactose intolerant population will likely boost the demand for goat milk in the market. 

Data Bridge Market Research analyses that the goat milk market was valued at USD 12.55 billion in 2022 and is expected to reach USD 18.68 billion by 2030, registering a CAGR of 5.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Goat Milk Market Scope and Segmentation

Market Definition

Goat milk is one of the most generally consumed types of dairy in the globe. In fact, approximately 3/4th of the world's population consume goat milk in their everyday life. This is partly due to the comfort of keeping goats as opposed to cows in evolving economies, where goat milk is an essential source of protein, calories, and fats. In several countries, people express an inclination for goat milk over the cow milk. Goat milk is creamier and thicker than plant milks or cow milk, and goat milk has more nutrients that may provide health benefits.

Global Goat Milk Market Dynamics

Drivers

• Benefits associated with goat milk

Goat milk comprises good percentage of protein, which is important for overall human development and growth. It also comprises more calcium than its counterparts, making it perfect for bone health. Goat milk also contains essential vitamins and minerals and higher amounts of iron, potassium and vitamin A than cow milk. Thus, it is considered highly nutritious for all age groups. The rising demand for goat mil due to its several benefits will likely drive the market's growth rate.

• Increasing demand of goat-derived cheese

Growing consumer preference for goat-derived cheese due to its taste and soft texture is expected to drive the growth of the goat milk. The counterparts of goat milk contain larger fat molecules, which makes it harder to digest than goat's cheese. This is also one of the major another factor driving the preference of goat product forms over other products.

Moreover, increasing awareness regarding the health benefits of goat milk among the consumer, prevalence of subsidies from the government for goat farming, growing demand of goat milk products are some of the another major factors that will  boost the growth of the goat milk market during  forecast period. 

Opportunities

• Surging product launches

The surging product launches by market players offer numerous growth opportunities within the market. Many companies launched new products with long shelf-life in response to growing demand. For instance, Delamere Dairy launched a new whole milk powder in 2020, which is made up of goat’s milk in response to the increasing consumer demand during the COVID-19 pandemic.

Furthermore, increasing investment for the growth of advanced solutions and aggressive marketing strategies will further increase several opportunities that will lead to the goat milk market  growth in the abovementioned forecast period.

Restraints/ Challenges

• Issue associated with goat milk

As compared to their counterparts such as cow milk and others, high prices will act as major market restraints for the growth of goat milk market growth. Moreover, the increasing awareness regarding the benefits of vegan products among people will likely to obstruct the growth of the goat milk market during the forecast period.

This goat milk 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 the goat milk market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Covid-19 Impact on Global Goat Milk Market

The outbreak of Covid-19 pandemic did not have a major impact on the goat milk market. The prices of goat milk were observed to be slightly high in some countries due to the disruption in the supply chain during pandemic. The transportation restrictions have witnessed a slight hindrance in the supply of goat milk from several countries. With the subsidies provided by the governments of several countries for goat farming and growing awareness among people, mainly in the time of COVID-19 when the people became more aware of their wellness and health and wanted to boost their immunity, the demand for goat milk augmented.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In April 2022, Canada Royal Milk (CRM) announced a strategic partnership with Producteurs de lait de chevre du Quebec (PLCQ) and the Ontario Goat Dairy Cooperative (ODGC), both together accounted for around 120 goat dairy farms.
• In June 2022, Atalanta whai a cheese producer, introduced its unique cheddar cheese that comes in the Table One brand. This product is made with Canadian goats milk.
• In March 2020, Aadvik Foods launched goat milk soaps in two refreshing options tuberose, orange and lemon. These products have significant oils that fight against anxiety, insomnia and dead skin cells and improve overall health. With the help of this launch, the company can increase its product portfolio.

Global Goat Milk Market Scope

The goat milk market is segmented on the basis of sector, product, distribution channel and end user. The growth amongst these segments will help you analyze meagre 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.

Sector

• Unorganized
• Organized

Product

• Milk
• Cheese
• Milk Powder
• Other

Distribution Channel

• Hypermarkets & Supermarket
• Convenience Store
• Specialty Stores
• Medical & Pharmacy Store
• Online

End User

• Adult
• Teenager
• Elderly
• Infant

Goat Milk Market Regional Analysis/Insights

The goat milk market is analyzed and market size insights and trends are provided by country, sector, product, distribution channel and end user as referenced above.

The countries covered in the goat milk market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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 market in terms of revenue and market share due to the increasing demand of the goat milk products in this region. The growing consumer inclination towards healthy foods owing to the increasing consciousness regarding health and overall wellness, is enhancing the product demand in this region, thus driving the regional market growth.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 due to increasing population and economic growth along with increasing export activities related to goat products.  India, China, Pakistan and Bangladesh are the largest producers and consumers in the world. India ranks first in its consumption and production in the world with about 25% of the global output in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 Market Share Analysis

The goat milk 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 market.

Some of the major players operating in the goat milk market are:

• Danone S.A. (Switzerland)
• AVH dairy trade B.V. (Netherlands)
• Goat Partners International Inc. (U.S.)
• Granarolo S.p.A. (Italy)
• Meyenberg (U.S.)
• Redwood Hill Farm & Creamery (U.S)
• St Helen’s Farm Ltd (U.K.)
• Saputo Inc. (Canada)
• Xi'an Baiyue Goat Milk Group Co., Ltd (China)
• Hay Dairies Pte Ltd. (Singapore)
• Good Goat Milk Co. (U.S.)
• Summerhill Dairy (U.S.)
• Delamere Dairy (U.K.)
• Yayi International, Inc. (U.S.)
• DGC (New Zealand)

 Research Methodology: Global Goat Milk Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. 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 drop down your inquiry.

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, Patent Analysis, Pricing Analysis, 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.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.