Goat Milk Market Size To Hit US$ 12.4 Billion By 2028, With a CAGR of 4.84% | IMARC Group
According to IMARC Group’s latest report, titled “Goat Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global goat milk market size reached US$ 9.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.84% during 2023-2028.
Year Considered to Estimate the Market Size:
- Base Year of the Analysis: 2022
- Historical Period: 2017-2022
- Forecast Period: 2023-2028
Goat milk is highly nutritious as it contains essential vitamins and minerals, including potassium, iron, and calcium. It is widely utilized for direct consumption, as well as used in the production of milk powder, cheeses and other products. Goat milk helps in keeping bones and teeth strong, improving neural functioning, maintaining good heart health, enhancing metabolism and lowering blood pressure levels. As compared to cow milk, goat milk has higher amounts of vitamin A, riboflavin, calcium, potassium, and niacin and is easier to digest because of the small fat globules and slightly lower lactose content. Moreover, it also assists in improving platelet count in the blood during dengue and other viral diseases.
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Market Trends:
The rising geriatric population, which is prone to magnesium deficiency diseases and bone-related medical ailments, is creating a positive outlook for the goat milk market. In line with this, the widespread product adoption among consumers with health concerns and lifestyle diseases, such as cardiovascular disorders, hypertension, diabetes, obesity, anemia, asthma, and eczema, is favoring the market growth. Apart from this, various product innovations, such as the introduction of various flavors, including chocolate, vanilla, and strawberry, and the launch of goat milk with low sugar and fat content, are providing a considerable boost to the market growth. Additionally, the increasing product demand for manufacturing skin care products such as lotions, soaps, creams, and cleansers due to their natural high-fat content, neutral pH and natural lactic acid is propelling the market growth. Other factors, including the widespread product adoption among infants as it is easy to digest and is rich in fatty acids and calcium, rising health consciousness and significant growth in the food and beverage industry are anticipated to drive the market growth.
Goat Milk Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the goat milk market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Ausnutria Dairy Corporation Ltd.
- AVH Dairy Trade B.V.
- Goat Partners International
- Granarolo S.p.A.
- Meyenberg
- Redwood Hill Farm & Creamery
- St Helen's Farm
- Stickney Hill Dairy Inc
- Woolwich Dairy Inc.
- Xi'an Baiyue Goat Dairy Group Co.Ltd. (Baiyue)
Key Market Segmentation:
The report has segmented the global goat milk market based on sector, product type, distribution channel and region.
Breakup by Sector
- Unorganised
- Organised
Breakup by Product Type:
- Liquid Milk
- Cheese
- Milk Powder
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Sales
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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