Global Goat Milk Product Market Overview, 2023-28

Global Goat Milk Product Market Overview, 2023-28

In many countries, particularly in regions such as the Mediterranean, Middle East, and parts of Asia, goat milk has a long-standing tradition of consumption. Traditional and artisanal methods of goat milk production, such as small-scale farming, handcrafted cheeses, and homemade dairy products, continue to be celebrated and valued. Goat milk products play an important role in the culinary heritage of many cultures. Goat cheese, in particular, is a staple ingredient in various traditional dishes, such as French chèvre, Spanish queso de cabra, Greek feta, and Middle Eastern labneh. These cheeses are used in salads, pastries, sandwiches, and other culinary creations, adding unique flavors and textures. Goat milk and its products are often celebrated during cultural festivals and local celebrations. These events highlight the cultural significance and culinary importance of goat milk in communities. Festivals may include cheese tastings, goat milk-based recipe competitions, and demonstrations of traditional goat milk product preparation. In some cultures, goat milk has been attributed with medicinal and health benefits. Traditional medicine systems, such as Ayurveda, often mention the use of goat milk for its perceived therapeutic properties. In these traditions, goat milk is believed to have cooling, rejuvenating, and digestive properties. Goats hold symbolic significance in many cultures, representing fertility, abundance, and resilience. Goats and their milk are sometimes associated with folklore, myths, and religious stories. They are portrayed as symbols of vitality, purity, and connection to nature.

According to the research report ""Global Goat Milk Product Market Overview, 2023-28,"" published by Bonafide Research, the global Goat Milk Product market is anticipated to cross USD 18.93 Billion in size by 2028, increasing from USD 12.50 Billion in 2022. The market is projected to grow at a 7.31% CAGR by 2023–28. Growing consumer awareness and interest in health and wellness have driven the demand for alternative dairy products, including goat milk products. Goat milk is often perceived as a healthier option due to its easier digestibility, lower lactose content, and unique nutritional composition. Consumers seeking nutritious and functional dairy choices are drawn to the potential health benefits associated with goat milk products. The prevalence of lactose intolerance and cow's milk allergies has led to an increased demand for dairy alternatives, including goat milk. Goat milk contains less lactose and different proteins compared to cow's milk, making it a suitable option for individuals with these conditions. The availability of goat milk products provides a viable alternative for those seeking dairy alternatives. The global consumer trend towards natural and organic products has influenced the goat milk product market. Goat milk is often perceived as a more natural and less processed alternative to cow's milk, aligning with consumer preferences for clean label and organic options. The demand for natural and organic goat milk products continues to rise, driving market growth. The increasing adoption of vegan and plant-based diets has expanded the market for non-dairy alternatives, including goat milk products. Goat milk is considered a suitable option for individuals looking for animal-free dairy alternatives. Goat milk-based products, such as plant-based cheeses and milk alternatives, cater to the growing demand from vegan and plant-based consumers.

Region wise, Asia Pacific was the largest market in 2022. The Asia Pacific region has a significant population, including countries such as China and India, which have a large middle-class population. As disposable incomes increase and dietary habits evolve, consumers in this region are seeking healthier and alternative dairy options, including goat milk products. The sheer size of the market presents substantial growth potential. The Asia Pacific region attracts a significant number of tourists and hosts expat communities from around the world. These visitors and expatriates often bring their preferences and demand for specific food products, including goat milk products, creating a niche market in the region. Hotels, restaurants, and specialty food stores cater to these demands, contributing to the growth of the goat milk product market. In addition, similar to global trends, South America has witnessed a growing demand for alternative dairy products, including goat milk. The rise in lactose intolerance and allergies to cow's milk has led to increased interest in goat milk as a suitable alternative. Consumers are seeking out goat milk products for their unique taste, potential health benefits, and versatility in cooking. Goat milk is also used to make delicious ice cream in South America. Goat milk ice cream, known as ""helado de cabra,"" is appreciated for its creamy texture and unique flavor. It is often made with natural ingredients and comes in a variety of flavors, including traditional options like vanilla and chocolate, as well as more unique flavors like dulce de leche and passion fruit.

Goat cheese is highly regarded for its culinary versatility. It offers a wide range of flavor profiles, from mild and creamy to tangy and pungent. This versatility allows goat cheese to be used in various culinary applications, including salads, sandwiches, pastas, pizzas, and desserts. The ability to enhance and complement a diverse range of dishes contributes to the popularity and widespread use of goat cheese. Goat cheese comes in various forms and varieties, catering to different consumer preferences. From soft and fresh cheeses like chèvre and feta to aged and firm cheeses like Bucheron and Rocamadour, there is a goat cheese variety for every taste. The wide range of options allows consumers to explore different flavors and textures, making goat cheese a popular choice among cheese connoisseurs and food enthusiasts. In addition, the ""Others"" segment, which includes goat milk products like ice cream and cajeta, is expected to exhibit the highest CAGR during the forecast period in the global goat milk product market. Goat milk products in the ""Others"" segment offer unique flavor profiles and taste experiences. Goat milk ice cream, for instance, is known for its creamy texture and distinctively tangy flavor. Cajeta, a caramel sauce made from goat milk, has a rich and sweet taste. These unique flavors and taste profiles differentiate the ""Others"" segment and attract consumers looking for new and exciting culinary experiences. The health-consciousness trend among consumers has expanded the demand for healthier dessert options. Goat milk-based ice cream and other ""Others"" products offer an alternative to traditional cow's milk-based desserts. Goat milk is often perceived as a nutritious option due to its lower lactose content, different protein structure, and unique composition of vitamins and minerals. Health-conscious consumers seeking indulgent yet healthier dessert options turn to goat milk-based products, driving the growth of the ""Others"" segment.

Based On distribution Channel, Hypermarkets and supermarkets are major distribution channels for goat milk products. These large-scale retail outlets offer a wide variety of products, including goat milk, goat cheese, and other goat milk derivatives. Hypermarkets and supermarkets provide convenience to consumers by offering a one-stop shopping experience for their grocery needs. These establishments often have dedicated sections for dairy products, including goat milk products, and provide a platform for both mass-market and specialty brands. For instance, some well-known hypermarket and supermarket chains that often carry goat milk products include Walmart, Carrefour, Tesco, Aldi, Kroger, Coles, Woolworths and more. The online distribution channel has experienced significant growth in recent years. Consumers can purchase goat milk products through various e-commerce platforms, including online marketplaces, specialty food websites, and direct-to-consumer websites operated by goat milk product manufacturers. The online channel provides convenience, wider product choices, and the ability to reach consumers in remote areas. It also allows for direct interaction between producers and consumers, enhancing brand visibility and customer engagement. For instance, some well-known online platforms and websites where consumers can purchase goat milk products include Amazon, Alibaba, iHerb, Thrive Market, Vitacost and many local farms that produce goat milk products have their own websites or online stores. Consumers can directly purchase goat milk, goat cheese, and other goat milk products from these websites, often supporting local and sustainable agriculture practices.

Recent Developments:
• In April 2022, CRM (Canada Royal Milk) announced a strategic partnership with the ODGC (Ontario Goat Dairy Cooperative) and PLCQ (Producteurs de lait de chevre du Quebec), both together accounted for around 120 goat dairy farms.
• In June 2022, Atalanta, the cheese producer, introduced its unique cheddar cheese that comes under the Table One brand. This product is made with the milk of Canadian goats.
• In March 2021, Hochdorf launched goat milk-based baby or infant formula. This product mainly comes under the Bimbosan brand. This can be given immediately after the birth of a child. This formula does not contain starch or palm oil.

Major Companies present in the market:
Granarolo S.P.A, Emmi AG, Ausnutria Operations B.V, Royal FrieslandCampina N.V, Saputo Inc, Delamere Dairy, HiPP GmbH & Co. Vertrieb KG, Arla Foods amba, Danone S.A., Holle baby food GmbH.

Considered in this report
• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Global Goat Milk Product market with its value and forecast along with its segments
• Regional-wise Goat Milk Product market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regional covered in the report:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

By Product Type
• Goat Cheese (Fresh Goat Cheese, Aged Goat Cheese, Flavored Goat Cheese, Others)
• Goat Milk Powder (Skimmed milk Powder, Full Cream Milk Powder)
• Goat Yogurt (Set-style Yogurt, Swiss-style Yogurt)
• Butter
• Others (ice cream, cajeta)

By Form
• Liquid
• Solid

By Distribution
• Hypermarket & Supermarket
• Convenience Stores
• Specialty Stores
• Online
• Others (Pharmacy Store, B2B)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Goat Milk Product industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.




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