Goat Milk Products Market Research: Regional Demand, Top Competitors, and Forecast 2030
Goat Milk Products Market Overview
Goat milk is the primary milk source for humans in several
developing economies and is mainly consumed for its unique taste and health
benefits. It is considered that the metabolism of copper and iron increases in
human body with the consumption of goat milk products. The global goat milk
products market is entirely consumer-driven and is highly preferred by the
consumers over other milk sources due to calcium and protein content, lower
lactose content compared to cow milk, unique flavor, and ease of digestion.
The increased demand for goat milk products and the launch
of certified goat milk are among the trends, which are anticipated to spur milk
market revenue growth worldwide. Health-awareness consumers seek for labels of
certified organizations in order to be sure of the products. In order to gain
trust, several players across the globe are obtaining food safety and food
hygiene certifications for their products. The goat
milk products market share has gained huge attention in the past few years
due to the surging demand for milk and milk products. Increasing health
awareness among consumers are influencing the market growth across the globe.
As goat milk is considered a healthier alternative when compared to other
sources of milk, the market is likely to gain prominence. Cow’s milk can be a
common cause of food allergy in children, due to which parents are switching to
goat milk for their children’s daily nutritional requirements.
Goat milk and its products also offer benefits like the
building of strong bones and immunity improvement, which further boosts the
market’s growth across the globe. Goat milk can be easily digested, which
further encourages its growth. Moreover, goat dairy is rich in fatty acids,
calcium, and contains lower cholesterol level. Such factors encourage the
market’s growth across the globe.
Competitive Dashboard
The top players operating in the goat milk products market
include Ausnutria Dairy Ingredients (The Netherlands), Emmi Group
(Switzerland), Hogwegt Group (The Netherlands), The Good Goat Milk Co. (New
Zealand), AVH Dairy (The Netherlands), Delamere Dairy, Ltd. (UK), Saputo, Inc.
(Canada), Orient EuroPharma Co. Ltd. (China), Quidditas Farms Pvt., Ltd.
(India), and Hay Dairies Pte, Ltd. (Singapore).
Global Goat Milk Products Market: Segmental Analysis
The goat
milk products market research report has been segmented on the basis of
packaging type, product type, and distribution channel.
By product type, the goat milk products market is segmented
into fermented products, concentrated products, fat-rich products, powdered
products, and others. Of these, the fermented products segment is predicted to
command the maximum share due to increased demand for fermented products like
cheese. Goat cheese is said to possess a tangy taste and a crumbly texture, and
due to these attributes, fermented goat milk products are gaining huge
attention among consumers. Moreover, the fermentation of dairy helps improve
the properties of milk. Thus, fermented goat milk products offer health
benefits, which include probiotics, anti-allergenic, and anti-carcinogenic.
Based on the packaging type, the market includes cartons,
bottles, tubs, cans, and others. Of these, the tubs segment acquires the
maximum share in the global market due to its cost-effectiveness and
convenience of consumption. Dairy products packed in tubs have a higher shelf
life, are durable, and are convenient to consume. These factors augment market
growth in the segment.
The distribution channel is store-based and non-store-based.
Of these, the store-based segment is likely to generate the highest revenue due
to the strong vendor networks of the manufacturers. However, with the booming
e-commerce platforms, the non-store-based distribution channel will have a
substantial contribution.
Regional Frontiers
Geographically, the goat milk products market spans across
Europe, Asia Pacific, North America, and the Rest of the World (RoW).
Considering the global scenario, the goat milk products
market share is dominated by Asia Pacific, mainly due to the high population of
goats in the region, which is used as a major source of food, income, and
manure. The majority of the goat milk is contributed by economies in
Asia-Pacific like Bangladesh, India, and Pakistan. The increased demand for
goat milk, goat cheese, and goat milk-based infant formulas is mainly due to
the rising population and surging health concerns among consumers, which
further influences the regional market.
North America will gain huge prominence in the foreseeable
future and is likely to be a major contributor owing to technological
advancements in the production procedure in goat cheese. Moreover, the region
is considered to raise the best quality of goat breeds, and therefore the milk
and cheese produced are of best quality. Such factors are likely to augment the
market growth in the coming years.
Meanwhile, Europe is estimated to acquire a decent share as
goat milk and milk products are highly used either in food preparation or for
direct consumption. France is considered to be the highest producer of goat
cheese, which further encourages the regional market’s growth. Long shelf life
and favorable taste are some of the other factors propelling the market growth.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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