Goat milk comes with maximum nutritional properties as compared to cattle milk. It is categorized into various products such as milk, milk powder, cheese, yogurt, butter, and other products. It has many health benefits. It contains low level of cholesterol, and is easier to digest. According to the Food and Agriculture Organization (FAO), India, Bangladesh, and Pakistan are the major producers of goat milk while, U.S., France, Mexico, and China are the major consumers of goat milk products.
People have changed their choices regarding daily diet, since the past decade. The reason for such choice is due to the prevalence of health-related diseases such as obesity and other chronic diseases. Goat milk is rich source of protein, calcium, irons, fats, vitamins, iron, and other essential nutrients. Moreover, it is easier to digest, less inflammatory, and has lesser number of allergens. These health benefits are responsible to drive the growth of the market. In addition, rise in lactose intolerance among consumers worldwide is creating potential demand for lactose-free products or products with low lactose content. Moreover, government initiation in some Asian and European countries are offering various schemes and subsidy for the dairy farms, which also fuels the growth of the goat milk market. However, goat milk is a niche product and is therefore commercially expensive as compared to cattle milks. Also, there are number of organizations, who are promoting vegan food products. Consumers are preferring plant-based milk and milk products as a substitute for animal milk. These factors hamper the growth of the market. On the contrary, innovations in the dairy processing equipment and aggressive marketing strategies which increase the awareness for goat milk and its products create different opportunities for the market players.
The global goat milk market is segmented on the basis of product, distribution channel, and region. Depending on product, the goat milk market is classified into milk, cheese, milk powder, and other. The distribution channel segment comprises hypermarkets & supermarket, convenience store, specialty stores, medical & pharmacy store, and online. Region wise, the goat milk market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, Russia, France, UK, Netherlands, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Indonesia, Australia, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Turkey, South Africa, United Arab Emirates, and rest of LAMEA).
Some of the major players in the operating in the global goat milk market include Ausnutria Dairy Corporation Ltd., AVH Dairy Trade B.V., Goat Partners International, Granarolo S.p.A., Meyenberg Goat Milk, Redwood Hill Farm & Creamery, St Helen’s Farm, Stickney Hill Dairy Inc., Woolwich Dairy Inc., and Xi'an Baiyue Goat Dairy Group Co.Ltd.
The other players in the global goat milk market are FIT, dairy expert, Hay Dairies Pte Ltd., The Good Goat Milk Co., Summerhill Goat Dairy, Delamere Dairy, Holle baby food AG, Cherry Glen Goat Cheese Co., Yayi International, and Dairy Goat Co-operation (DGC).
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Products
By Distribution Channel
By Region
People have changed their choices regarding daily diet, since the past decade. The reason for such choice is due to the prevalence of health-related diseases such as obesity and other chronic diseases. Goat milk is rich source of protein, calcium, irons, fats, vitamins, iron, and other essential nutrients. Moreover, it is easier to digest, less inflammatory, and has lesser number of allergens. These health benefits are responsible to drive the growth of the market. In addition, rise in lactose intolerance among consumers worldwide is creating potential demand for lactose-free products or products with low lactose content. Moreover, government initiation in some Asian and European countries are offering various schemes and subsidy for the dairy farms, which also fuels the growth of the goat milk market. However, goat milk is a niche product and is therefore commercially expensive as compared to cattle milks. Also, there are number of organizations, who are promoting vegan food products. Consumers are preferring plant-based milk and milk products as a substitute for animal milk. These factors hamper the growth of the market. On the contrary, innovations in the dairy processing equipment and aggressive marketing strategies which increase the awareness for goat milk and its products create different opportunities for the market players.
The global goat milk market is segmented on the basis of product, distribution channel, and region. Depending on product, the goat milk market is classified into milk, cheese, milk powder, and other. The distribution channel segment comprises hypermarkets & supermarket, convenience store, specialty stores, medical & pharmacy store, and online. Region wise, the goat milk market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, Russia, France, UK, Netherlands, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Indonesia, Australia, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Turkey, South Africa, United Arab Emirates, and rest of LAMEA).
Some of the major players in the operating in the global goat milk market include Ausnutria Dairy Corporation Ltd., AVH Dairy Trade B.V., Goat Partners International, Granarolo S.p.A., Meyenberg Goat Milk, Redwood Hill Farm & Creamery, St Helen’s Farm, Stickney Hill Dairy Inc., Woolwich Dairy Inc., and Xi'an Baiyue Goat Dairy Group Co.Ltd.
The other players in the global goat milk market are FIT, dairy expert, Hay Dairies Pte Ltd., The Good Goat Milk Co., Summerhill Goat Dairy, Delamere Dairy, Holle baby food AG, Cherry Glen Goat Cheese Co., Yayi International, and Dairy Goat Co-operation (DGC).
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the global goat milk market trends, estimations, and dynamics of the market from 2019 to 2026 to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped based on their market share.
- Porter’s five forces of goat milk market analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- An in-depth analysis of the goat milk market size helps to determine the prevailing market opportunities.
- The market forecast is provided along with the information related to key drivers, restraints, and opportunities.
- A detailed analysis of the goat milk market segments measures the potential of the market. These segments outline the favorable conditions for the market forecast.
KEY MARKET SEGMENTS
By Products
- Milk
- Cheese
- Milk Powder
- Other
By Distribution Channel
- Hypermarkets & Supermarket
- Convenience Store
- Specialty Stores
- Medical & Pharmacy Store
- Online
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Russia
- France
- UK
- Netherlands
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Indonesia
- Australia
- New Zealand
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Turkey
- South Africa
- UAE
- Rest of LAMEA
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Goat Milk Market, By Products
Chapter 5: Goat Milk Market, By Distribution Channel
Chapter 6: Goat Milk Market, By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'Goat Milk Market by Product, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global goat milk market size was valued at $8.5 billion in 2018 and is projected to reach $11.4 billion by 2026, registering a CAGR of 3.8% from 2019 to 2026.Goat milk is the type of milk which is white, opaque liquid with a slightly sweet taste and no odor and has various health benefits. The report includes different product categories of goat milk such as milk, cheese, milk powder, and others. The milk by product type is anticipated to witness substantial growth owing to its health benefits, which increases its popularity among the health-conscious population.
In a past decade, people are much aware about their health and fitness. Goat milk provides 9 grams of protein, 10 grams of fat, and 330 milligrams of calcium per cup than any cattle milk or plant-based milk. It is rich source of fatty acids, calcium, and contains low level of cholesterol. Goat milk is considered as a great alternative to cow’s milk as it is easier to digest, less inflammatory, and has lesser number of allergens. It also enhances ability of human body systems to absorb important nutrients from other foods. It contains A2 casein, which does not cause inflammation hence, majority of market players prefer goat milk powder to produce infant formula. These health benefits responsible to increase goat milk market share. However, high cost of the goat milk and its products and increase in number of vegan people are expected to hamper the growth of the market. On the contrary, technological innovation in the dairy processing equipment and aggressive marketing strategies are expected to supplement the goat milk market growth in future.
The goat milk market is segmented on the basis of product, distribution channel, and region. Depending on product, the market is segmented into milk, cheese, milk powder, and others.
Based on the goat milk market analysis by product, the cheese segment is expected to grow comparatively faster than other goat milk products, witnessing a CAGR of 5.3%.
According to the goat milk market forecast by distribution channel, the specialty store segment was the major revenue contributor in the market in 2018. In addition, the online segment is expected to witness a growth of the market due to increase in penetration of internet and e-commerce platforms.
By region, the market is dominated by North America, particularly the U.S., followed by Canada as the major market, while Asia-Pacific is dominated by China, with nearly 4.1% CAGR during the forecast period. In addition, LAMEA is expected to witness a 4.6% CAGR during the forecast period.
Key Findings of the Goat Milk Market:
In 2018, by product, the goat milk accounted for the highest market share, growing at a CAGR of 3.7% from 2019 to 2026.
In 2018, by distribution channel, the specialty store segment accounted for one-fourth share and is projected to grow at the highest CAGR of 2.9% during the forecast period.
In 2018, by region, North America accounted for a prominent market share and is anticipated to grow at a CAGRs of 2.9% throughout the forecast period.
In 2018, by country, Mexico accounted for a prominent market share and is anticipated to grow at a CAGRs of 5.3% throughout the forecast period.
In 2018, by region, Asia-Pacific accounted for a prominent market share and is anticipated to grow at a CAGRs of 5.8% throughout the forecast period.
Some of the major players in the operating in the global goat milk market include Ausnutria Dairy Corporation Ltd., AVH Dairy Trade B.V., Goat Partners International, Granarolo S.p.A., Meyenberg Goat Milk, Redwood Hill Farm & Creamery, St Helen’s Farm, Stickney Hill Dairy Inc., Woolwich Dairy Inc., and Xi'an Baiyue Goat Dairy Group Co.Ltd.
The other players in the global goat milk industry are FIT, dairy expert, Hay Dairies Pte Ltd., The Good Goat Milk Co., Summerhill Goat Dairy, Delamere Dairy, Holle baby food AG, Cherry Glen Goat Cheese Co., Yayi International, and Dairy Goat Co-operation (DGC).
Companies Mentioned
- Ausnutria Dairy Corporation Ltd.
- AVH Dairy Trade B.V.
- Goat Partners International
- Granarolo S.p.A.
- Meyenberg Goat Milk
- Redwood Hill Farm & Creamery
- St Helen’s Farm
- Stickney Hill Dairy Inc.
- Woolwich Dairy Inc.
- Xi'an Baiyue Goat Dairy Group Co.Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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