Sheep Milk Market Forecasts to 2028 – Global Analysis By Category (Organic, Conventional and Other Categories), Product (Cheese, Butter, Liquid Milk, Soap, Ice Cream, Dessert, Yogurt, Milk Powder and Other Products), Application, Distribution Channel, End User and By Geography
According tStratistics MRC, the Global Sheep Milk Market is accounted for $6.26 billion in 2022 and is expected treach $8.61 billion by 2028 growing at a CAGR of 5.45% during the forecast period. Sheep milk is alsreferred as ewe's milk. Domestic sheep are used tobtain the milk. Because ttheir greater production and longer lactation duration, only a few number of specialized breeds are used tproduce commercial dairy products. The digestive system of humans can readily take and digest sheep milk. It is regarded as a nutritious replacement for cow and goat milk. It provides resistance tseveral illnesses and has antiallergenic qualities. Sheep milk contains high amount of protein, lactose, lipid fat, saturated fatty acids, unsaturated fatty acids, carbohydrates, vitamins, minerals and aminacids.
According tthe National Institute of Health, 65% of people are suffering from lactose intolerance in 2020 which increased the shift toward sheep milk as it is easy tdigest and helps tget enough energy and protein. This raised the price of sheep milk by 1.3%.
Market Dynamics:
Driver:
Growing awareness of its health benefits
Compared tother milk sources, sheep milk has a higher nutritional content. It contains a lot of protein, fat, lactose, carbs and other things. Many health advantages include immune booster, enhanced growth and development, cancer prevention, better reproductive health, blood pressure control, preservation of bone mineral density, management of cholesterol, blood vascular system, and heart health. These elements collectively are fueling the market expansion.
Restraint:
Less popular and difficult tfind
The market for cow milk is the main barrier tthe growth of sheep milk. Cow milk has a larger share within the dairy sector since it is more widely consumed and commercially more accessible tthe general public. Moreover, sheep cannot be reared in all climates and it produces less milk, sthe milk production is not uniform globally. These elements are restraining the growth of the market.
Opportunity:
Rise in urbanization
The steady expansion of the middle class and the nation’s increasing industrialization present profitable business prospects for the leading market participants. People are prepared tspend more for food items like sheep milk, which is more expensive than cow milk, due tthe population's increased disposable income in the middle-income group. Demand for sheep milk from customers whvalue their health, and the accessibility of a wide range of product options is driving the market growth.
Threat:
Quite expensive compared tother milks
Sheep's milk has nearly twice as much fat as cow or goat milk and is much richer in milk solids (fat and protein). It is the creamiest milk ever exists. They are productive producers whsimply require grass. Due tits multiple advantages and inability tsustain regular cultivation, the price is very high. All of these elements are impeding the market expansion.
Covid-19 Impact
Dairy sectors all around the world have been severely impacted by the COVID epidemic because of lower farm gate milk prices, a lack of workers, disruptions, and challenges of transferring milk through supply chains. It increased the costs and affected the sheep milk market in the initial phase itself. Yet, the market is expanding post-pandemic and throughout the second wave. In the upcoming years, the industry is anticipated texperience considerable expansion.
The children segment is expected tbe the largest during the forecast period
The children segment is estimated thave a lucrative growth, due tits high nutritional value. Sheep milk powder is a vital component of infant food and cereal and is always in great demand. Compared tcow or goat milk, sheep milk has a higher nutritional content and is easier tdigest, making it the milk of choice for lactose intolerant children. Sheep milk alsaids in the development of muscles, tissue, and bones, all of which are crucial for a child's growth, which is further driving the growth of the segment.
The conventional segment is expected thave the highest CAGR during the forecast period
The conventional segment is anticipated twitness the fastest CAGR growth during the forecast period, due tits easy availability. Although it is more cost-effective, the bulk of dairy producers provide milk tconsumers using conventional sheep farming techniques. Due tits low cost and ease of accessibility, conventional farming is one of the most common and recommended farming techniques. The demand for conventional sheep milk has fuelling significantly as a result of all these causes.
Region with highest share:
Asia Pacific is projected thold the largest market share during the forecast period owing tits technological advancements. By research and development, technical innovation, and other methods, the key manufacturers in this region are intensely focused on creating high-quality and unique goods tsatisfy consumer needs. Rise in urbanization, change in consumer preferences for taste, increase in demand for high-protein and high-energy products are boosting the growth of the sheep milk market in Asia-Pacific.
Region with highest CAGR:
North America is projected thave the highest CAGR over the forecast period, owing tits raising infant population. This region is the largest consumer of baby food. Sheep milk powder is an essential raw material for the baby food industry. There is a huge demand for sheep milk from health-conscious crowd as it is good for health and improved vitality. All these aspects are fuelling the market in this region.
Key players in the market
Some of the key players profiled in the Sheep Milk Market include Haverton Hill Creamery, Sheep Milk Company Ltd, Origin Earth, Velvet Cloud, New Zealand Sheep Milk Company, Maui Milk Ltd, Alimenta, Spring Sheep, Roquefort Vernieres, NZ Health Food Sheep, PremiBrebis, Shepherds Purse Cheeses, Best Baa Dairy Ltd, Maxigenes, Secret Lands Farm, OVINO and Fernglen Farm.
Key Developments:
In October 2020, New Zealand dairy Spring Sheep Milk Company has become a client of primary collaboration of New Zealand (PCNZ) Shanghai. Now the company exports its milk tchina and will continue its expansion t11 farms in the next season.
In July 2017, Haverton Hill creamery announced topen new location in Corning. Owners Missy and Joe Adieghave chosen Tehama County, specifically Corning, due in part tthe community’s involvement with agriculture with the hope of shipping products tthe local Safeway and a few independent grocers in the area.
Categories Covered:
• Organic
• Conventional
• Other Categories
Products Covered:
• Cheese
• Butter
• Liquid Milk
• Soap
• Ice Cream
• Dessert
• Yogurt
• Milk Powder
• Other Products
Applications Covered:
• Children
• Adult
• Aged
• Other Applications
Distribution Channels Covered:
• Convenience Stores
• Supermarkets
• Hypermarkets
• Offline Stores
• Online Stores
• Other Distribution Channels
End Users Covered:
• Residential
• Commercial
• Other End Users
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 2020, 2021, 2022, 2025, and 2028
- 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
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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