Global Goat Milk Market Size, Trends and Growth Opportunity, By Sector (Unorganized, Organized), Product (Milk, Cheese, Milk Powder, Other), Distribution Channel (Hypermarkets & Supermarket, Convenience Store, Specialty Stores, Medical & Pharmacy Store, Online), End User (Adult, Teenager, Elderly, Infant) By Region and Forecast Till 2027.
Global Goat Milk Market
The Global Goat Milk Market was valued at US$12 billion in 2021 and it is expected to reach at US$16 billion in 2027 at a CAGR of 3.92% during forecast period 2022-2027.
One of the most popular dairy products consumed worldwide is goat milk. In reality, goat milk is consumed by around 3/4 of the world's population on a daily basis. In developing economies, where goat milk is a crucial source of protein, calories, and lipids, it is more convenient to keep goats than cows. People have indicated a preference for goat milk over cow milk in a number of different countries. Compared to cow or plant milk, goat milk is creamier and thicker, and it contains more nutrients that could be beneficial to your health.
Market Drivers
Protein, which is essential for overall human growth and development, is present in good amounts in goat milk. Additionally, it has more calcium than its competitors, making it ideal for maintaining bone health. Furthermore, goat milk is higher in iron, potassium, and vitamin A than cow milk and contains other critical vitamins and minerals. As a result, it is regarded as being very nourishing for all age groups. The market's growth rate will probably be driven by the increasing demand for goat milk due to its numerous advantages.
Market Restraints
High prices will be a key market inhibitor for the expansion of the goat milk market when compared to their counterparts, such as cow milk and others. Additionally, during the projected period, the growing public awareness of the advantages of vegan goods would probably hinder the expansion of the goat milk market.
Market Segmentation
The global goat milk market is segmented into sector, product, distribution channel and end user. By sector it segmented into unorganized, organized. By product it segmented into milk, cheese, milk powder, other. By distribution channel it segmented into hypermarkets & supermarket, convenience store, specialty stores, medical & pharmacy store, and online. By end user it segmented into adult, teenager, elderly, infant.
Regional Analysis
The global goat milk market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Due to the rising demand for goods made from goat milk in this region, North America commands a large portion of the goat milk market in terms of revenue. Growing customer preference for healthy meals as a result of rising health and wellness awareness is boosting product demand in this region and propelling regional market expansion.
Key Players
Various key players are listed in this report such as Danone S.A. (Switzerland), AVH dairy trade B.V. (Netherland), Goat Partners International Inc. (U.S.), Granarolo S.p.A. (Italy), Meyenberg (U.S.), Redwood Hill Farm & Creamery (U.S.), St Helen’s Farm Ltd (U.K.), Saputo Inc. (Canada), Xi'an Baiyue Goat Milk Group Co., Ltd (China), Hay Dairies Pte Ltd. (Singapore)
Market Taxonomy
By Sector
Unorganized
Organized
By Product Type
Soy Isolates
Soy Concentrates
Textured Soy Protein
By Type
Dry Type
Liquid Type
By Applications
Bakery And Confectionary
Meat Extenders And Substitutes
Nutritional Supplements
Beverages
Others
Key Question Addressed by the Report
What are the Key Opportunities in Global Goat Milk Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
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