Goat Milk Products Market Size, Share & Trends Analysis Report By Type (Liquid Milk, Powdered Milk), By Distribution Channel (B2B, B2C), By Region, And Segment Forecasts, 2023 - 2030
Goat Milk Products Market Growth & Trends
The global goat milk products market size is expected to reach USD 17.95 billion by 2030 and is expected to expand at a CAGR of 4.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the market is predominantly driven by the increasing demand for goat milk for infant food and follow-on formula. In addition, goat milk is also emerging as a healthier alternative to cow milk owing to its nutritional profile. Growing consumer awareness about conditions such as high cholesterol levels, arteriosclerosis, and eczema drives the demand for goat milk products as they help control and prevent these conditions.
According to Ausnutria Dairy Corporation Ltd., a goat milk products manufacturer, the goat milk demand is increasing in infant foods and follow-on formula products. The reason for this increasing demand is the ease of digestibility of goat milk and its high nutritional quality. Goat milk contains all essential amino acids with a highly digestible indispensable amino acid score (DIAAS).
Goat milk also contains naturally higher nucleotide levels which are essential for cell metabolism. Moreover, it has a high level of oligosaccharides which is an essential element, providing prebiotic properties for healthy growth. All these benefits associated with goat milk are driving goat milk product demand among consumers and manufacturers.
The prices of goat milk products were observed slightly high in some countries in 2020 owing to the disruption in the supply chain due to the outbreak of COVID-19 (Coronavirus).
Goat Milk Products Market Report Highlights
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