Goat Milk Products Market Forecasts to 2030 – Global Analysis By Product Type (Fermented Products, Powdered Products, Concentrated Products, Fat-rich Products and Other Products Types), Packaging Type (Cans, Cartons, Bottles, Tubs and Other Packaging Type

Goat Milk Products Market Forecasts to 2030 – Global Analysis By Product Type (Fermented Products, Powdered Products, Concentrated Products, Fat-rich Products and Other Products Types), Packaging Type (Cans, Cartons, Bottles, Tubs and Other Packaging Types), Distribution Channel, and By Geography

According to Stratistics MRC, the Global Goat Milk Products Market is accounted for $16.4 billion in 2023 and is expected to reach $29.4 billion by 2030 growing at a CAGR of 8.7% during the forecast period. Goat milk products encompass a variety of dairy goods derived from the milk of goats. Common goat milk products include goat cheese, yogurt, and butter. Goat milk is naturally easier to digest due to smaller fat globules and a protein structure similar to human milk. Beyond their palatable qualities, goat milk products are lauded for their potential health benefits. Furthermore, goat milk is often considered a source of essential nutrients like calcium, vitamins, and minerals, making it a viable choice for those seeking a nutrient-dense and digestible alternative to cow milk products.

According to National Center for Biotechnology Information (NCBI), China is the largest importer of dairy products and imports powdered goat milk, especially for baby formula manufacturing.

Market Dynamics:

Driver:

Rising health consciousness

The awareness of goat milk's potential health benefits, including its potential to boost the immune system and support bone health, has driven consumer preferences. As people become more mindful of their dietary choices and overall well-being, there is a growing inclination towards healthier and nutritionally superior alternatives. In addition, it is known for being easier to digest compared to cow milk, and it contains essential nutrients such as vitamins, minerals, and proteins, which significantly drive this market’s expansion.

Restraint:

High cost

The limited supply of goat milk drives up the cost of raw milk, affecting the overall cost of goat milk products. The labor-intensive nature of goat farming, such as milking and handling, can contribute to higher labor costs. Furthermore, the processing and manufacturing of goat milk products require specialized equipment and facilities, which may involve additional investments and maintenance costs, thereby gradually hindering this market size.

Opportunity:

Innovations in processing and packaging

Technological innovations have allowed for the development of more efficient and sustainable production methods. These advancements ensure that the nutritional integrity of goat milk is preserved during processing, meeting the demands of health-conscious consumers. Moreover, innovations in processing contribute to the diversification of goat milk product offerings, including cheese, yogurt, and milk, expanding the market's overall appeal.

Threat:

Lack of standardization

The absence of standardization can create barriers to trade and market access with varying regulations and standards across different regions or countries, leading to additional costs and delays for producers and distributors. Moreover, the lack of standardization makes it difficult for consumers to compare and evaluate different goat milk products. This lack of transparency can hinder consumer decision-making and limit market growth.

Covid-19 Impact

The COVID-19 pandemic has adversely impacted the market in several ways. Lockdowns, restrictions, and disruptions in the supply chain have led to challenges in production, distribution, and retail. Moreover, the economic downturn caused by the pandemic has constrained consumer spending, leading to a shift in purchasing patterns that has hampered market size.

The powdered products segment is expected to be the largest during the forecast period

The powdered products segment is estimated to hold the largest share due to a significant player offering convenience, longer shelf life, and versatility to consumers. This segment has gained traction as a viable alternative to liquid goat milk, especially in regions where access to fresh dairy is limited. Furthermore, the powdered form enhances the product's portability and makes it suitable for inclusion in a wide range of recipes, which is driving this segment’s growth.

The bottles segment is expected to have the highest CAGR during the forecast period

The bottles segment is anticipated to have highest CAGR during the forecast period due to its crucial role in delivering convenient and accessible options to consumers. These have become popular for their convenience, providing a ready-to-consume format those appeals to a wide range of consumers. Additionally, they cater to consumers seeking a traditional and familiar presentation of dairy products, which is propelling this segment’s expansion.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to a surge in demand for goat milk products, including cheese, yogurt, and milk, owing to the perceived health advantages and lactose-friendly nature of goat milk. Moreover, advancements in technology and farming practices have improved the efficiency of goat milk production, ensuring a more consistent and reliable supply and enabling their distribution to a broader consumer base, which is boosting this region’s growth.

Region with highest CAGR:

Europe is expected to witness highest CAGR over the projection period, owing to dynamic growth and evolving consumer trends. Consumers are increasingly drawn to goat milk products for their perceived health benefits, including easier digestibility and a nutrient-rich profile. The growing popularity of alternative and plant-based diets has also contributed to the increased acceptance of goat milk products. In addition, key players and collaborations have increased consumer education on the nutritional advantages of goat milk, which has driven adoption in this region.

Key players in the market

Some of the key players in the Goat Milk Products Market include Ausnutria Dairy Ingredients, The Good Goat Milk Co., Hogwegt Group, Delamere Dairy, Ltd., Saputo, Inc., Emmi Group, Hay Dairies Pte, Ltd., Orient EuroPharma Co. Ltd., Quidditas Farms Pvt., Ltd., Woolwich Dairy Inc. and Courtyard Farms.

Key Developments:

In September 2023, Equator Coffees has teamed up with Swiss-based ready-to-drink experts Emmi Group for a range of ready-to-drink cold brew products launching in California.

In August 2023, Swiss dairy giant Emmi has partnered with US-based Equator Coffee to release four ready-to-drink cold brew coffee products.

In September 2021, Orient Europharma Launches Two Premium Skin Boosters Aimed to Deliver the Diamond Feel Skin® Result to Consumers.

Product Types Covered:
• Fermented Products
• Powdered Products
• Concentrated Products
• Fat-rich Products
• Other Products Types

Packaging Types Covered:
• Cans
• Cartons
• Bottles
• Tubs
• Other Packaging Types

Distribution Channels Covered:
• Non-store Based
• Store Based

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements