Evaporated Goat Milk Global Market Report 2024

The evaporated goat milk market has grown steadily in recent years. It will grow from $5.75 billion in 2023 to $5.9 billion in 2024 at a compound annual growth rate (CAGR) of 2.6%. The historical period witnessed growth attributed to an increase in health consciousness, the utilization of culinary uses and recipes, preference as an alternative to cow's milk, cultural inclinations, trends favoring dairy-free and vegan lifestyles, and the nutritional benefits for children.

The evaporated goat milk market is expected to see steady growth in the next few years. It will grow to $6.63 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. The forecast period is expected to see growth attributed to the availability of functional and fortified varieties, a global increase in goat milk production, a rise in specialty diets, emphasis on local and artisanal products, and government support for dairy alternatives. Major trends anticipated in the forecast period include product innovation and flavor variations, a focus on clean label and natural positioning, increased availability in retail channels, sustainability and ethical farming practices, allergen-friendly attributes, and the globalization of goat milk products.

The anticipated growth of the evaporated goat milk market is driven by the increasing population of individuals with lactose intolerance. Lactose intolerance is a condition where the body is incapable of fully digesting lactose, a sugar present in milk and dairy products, due to a deficiency of lactase, the enzyme responsible for breaking down lactose in the small intestine. Goat's milk, with smaller lipid molecules compared to cow's milk, is easier to digest for individuals with weak digestive systems, such as those who are lactose intolerant. As of 2023, a report from the World Population Review indicates that approximately 65% of the global population is lactose intolerant, with the highest prevalence observed in East Asians (70-100%), Ghanaians (100%), South Koreans (100%), and Vietnamese (98%). Hence, the increasing lactose-intolerant population is a driving factor for the growth of the evaporated goat milk market.

The surge in demand for healthier food options is expected to contribute to the growth of the evaporated goat milk market. Healthier food options reflect the growing consumer preference for foods perceived to positively contribute to overall health and well-being. Evaporated goat milk emerges as a healthier alternative, being a nutrient-rich dairy product with lower lactose content, aligning with the increasing demand for healthier food choices. In 2021, The British Nutrition Foundation reported that 62% of Britons have made adjustments to their diets to embrace healthier options. Consequently, the rising preference for healthier food alternatives is propelling the evaporated goat milk market.

The anticipated growth of the evaporated goat milk market is expected to be propelled by the rise in disposable income. Disposable income is the total amount of money available to an individual or household for spending and saving after tax deductions. Increasing disposable incomes typically lead to heightened demand for a variety of higher-quality and health-oriented products. This trend is likely to have a positive impact on the evaporated goat milk market, encouraging innovation, expanding the market, and enhancing consumer accessibility. For instance, in 2023, according to Trading Economics, a Japan-based economic indicator, disposable income in Japan increased from 412.82 JPY thousand ($3,014.64) in March 2022 to 463.91 JPY thousand ($3,387.76) in February 2023. Therefore, the rise in disposable income is a key driver for the evaporated goat milk market.

Evaporated goat milk market is witnessing a notable trend of product innovations. Leading companies in the evaporated goat milk sector are introducing novel products utilizing this type of milk. For instance, in February 2021, Meyenberg, a US-based producer of evaporated goat milk, unveiled a line of milk alternative products tailored for puppies and kittens. These products are specially formulated to closely mimic mother's milk, serving as an alternative for nursing puppies and kittens separated from their mothers, with goat milk recognized as a universal substitute for mother's milk suitable for various animals. Fortified with essential amino acids, lipids, carbohydrates, and vitamins, these goat milk products, available in liquid and powder forms, aim to promote healthy development and overall well-being.

In December 2022, Jackson-Mitchell, a US-based dairy goat company specializing in evaporated goat milk, entered into a merger with Redwood Hill Farm, with the financial details undisclosed. The merger resulted in the formation of a new entity named Darey Brands, seeking to enhance milk supply and operational efficiencies. Redwood Hill Farm is a US-based company engaged in the production of goat dairy products.

Major companies operating in the evaporated goat milk market report are Meyenberg Goat Milk, Nestlé S.A, Arla Foods, Fraser and Neave Limited, Royal FrieslandCampina N.V, Eagle Family Foods Group LLC, Alokozay Group, DANA Dairy Group LTD., Alaska Milk Corporation, HOLLAND DAIRY FOODS LLC, O-AT-KA Milk Products LLC, DMK Deutsches Milchkontor GmbH, Delta Food Industries FZC, Yotsuba Milk Products Co. Ltd., Nutricima Limited, Zhejiang Panda Dairy Products Co. Ltd., Granarolo S.p.A, St Helen’s Farm, Stickney Hill Dairy Inc., Ausnutria Dairy Corporation Ltd., Emmi Group, Goat Partners International Inc., Holle baby food AG, Vistara Farms Private Limited, Hewitt’s Dairy, Woolwich Dairy Inc., Xi'an Baiyue Goat Dairy Group Co. Ltd., Haystack Mountain Creamery, Courtyard Farms, Nubian Heritage Dairy Goat Farm, AVH Dairy Trade B.V., Coach Farm, Goat Lady Dairy, Belle Chevre Cheese Shop & Tasting Room, Firefly Farms Creamery & Market.

Europe was the dominate region in the evaporated goat milk market in 2023. The regions covered in the evaporated goat milk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the evaporated goat milk market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of evaporated goat milk are skimmed evaporated milk and whole evaporated milk. Skimmed evaporated milk is crafted by partially removing the water content from milk, and it is commonly employed in diverse food preparations such as dairy drinks, desserts, ice cream, cheese, baby foods, and dietary supplements. Major applications include its use in infant food, dairy products, bakeries, confectionery, among others. These products are made available through different distribution channels, including both online and offline platforms.

The evaporated goat milk market research report provides evaporated goat milk market statistics, including evaporated goat milk industry global market size, regional shares, competitors with a evaporated goat milk market share, detailed evaporated goat milk market segments, market trends and opportunities, and any further data you may need to thrive in the evaporated goat milk industry. This evaporated goat milk market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The evaporated goat milk market consists of sales of low-fat, skimmed, and semi-skimmed milk. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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