Global Goat Milk Powder Market 2022-2028
Goat milk is the milk of domestic goats. Goats produce about 2% of the world's total annual milk supply. Compared to standard cow milk, soy milk, or nut milks, goat milk has more protein per serving. And, the protein in goat milk appears to be more digestible, meaning people can use it more easily. Goat milk also contains significantly more protein than almond milk or rice milk. Projected to expand at a CAGR of 7.2% from 2022 to 2028, the global goat milk powder market will worth USD 4,843 million by 2028-end, according to Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global goat milk powder market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the goat milk powder industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, end product, distribution channel, end user, and region. The global market for goat milk powder can be segmented by product: full cream milk powder, skimmed milk powder. The skimmed milk powder segment captured the largest share of the market in 2021. Goat milk powder market is further segmented by end product: cheeses, chocolates, dietary supplements, infant & follow-on formula, yogurts, others. The infant & follow-on formula segment held the largest share of the global goat milk powder market in 2021 and is anticipated to hold its share during the forecast period. Based on distribution channel, the goat milk powder market is segmented into: convenience stores, e-commerce, hypermarkets & supermarkets, pharmacies, specialty stores, others. On the basis of end user, the goat milk powder market also can be divided into: adult, infant, teenager, senior. Among these, the adult segment was accounted for the highest revenue generator in 2021. Goat milk powder market by region is categorized into: North America, Asia Pacific, Europe, Rest of the World (ROW).
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