Goat Milk Products Global Market Report 2024

The goat milk products market size has grown strongly in recent years. It will grow from $12.61 billion in 2023 to $13.35 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth observed in the historical period can be attributed to factors such as cultural significance, local dairy practices, traditional cheese making methods, health perceptions, and the recognition of specialized nutrition.

The goat milk products market size is expected to see strong growth in the next few years. It will grow to $16.6 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The anticipated growth in the forecast period can be attributed to educational campaigns and marketing efforts, the expansion of the global market, innovation in product development, a focus on sustainability and ethical consumption, as well as the trend towards premiumization and specialty products. Major trends expected in the forecast period include the increasing demand for alternative dairy products, the emphasis on health and nutritional benefits, global market penetration, ongoing innovation in processing methods, and a continued focus on sustainability and ethical consumption.

The goat milk products market is anticipated to experience significant growth, driven by the increasing trend of consumers spending more on healthy dairy foods. This trend involves consumers allocating a larger portion of their food budget to dairy products perceived as beneficial for health. Healthy dairy foods are recognized for their nutrient content and associated health benefits. According to data from the USDA Economic Research Division in September 2022, per capita dairy consumption in the United States increased by 12.4 pounds per person compared to the previous year, with the average American consuming 667 pounds of dairy products in 2021. This increased consumer spending on healthy dairy foods is a key factor propelling the growth of the goat milk products market.

The expansion of the goat population is expected to contribute significantly to the growth of the goat milk products market. The goat population, measured in terms of headcount, plays a crucial role in ensuring a consistent and plentiful milk supply. A growing goat population fosters stability, diversification, and innovation in the goat milk product market. As of January 2023, the United States Department of Agriculture reported a collective inventory of 2.51 million goats and kids in the United States, with specific categories for breeding goats, meat, and other goats, as well as goats dedicated to milk production. This growing goat population is a driving force behind the growth of the goat milk products market.

Technological advancements are emerging as a notable trend in the goat milk products market, with major manufacturers focusing on incorporating advanced technologies into their production facilities. For example, in April 2023, Emmi AG inaugurated a spray-drying tower and goat milk powder production facility in the Netherlands. This facility, equipped with an energy-efficient spray-drying tower, meets the rising demand for goat's milk powder. It features energy-efficient pumps, recovery technologies, and employs an electric heat pump, showcasing a commitment to sustainable and innovative production methods.

Innovation in product development is another key trend in the goat milk products market, with major companies introducing protein-rich ingredients to cater to diverse customer bases and enhance revenue. Ausnutria Dairy Corporation Ltd., a China-based manufacturer, launched CBM Goat Power in November 2021. This unique offering, sourced from Dutch goat milk, is rich in protein and tailored for various sports and lifestyle nutrition products. The product's distinctive protein source, with elevated levels of branched-chain amino acids and leucine, provides nutritional advantages across multiple applications, including instant drinks, meal replacements, nutritional bars, pet food, snacks, baked goods, and desserts.

In October 2022, Ausnutria Dairy Corporation Ltd. acquired a 50% stake in Amalthea, a Netherlands-based dairy company specializing in goat milk products. This strategic move aims to meet the growing demand for organic and sustainable dairy products, showcasing the company's commitment to expanding its market presence and meeting evolving consumer preferences.

Major companies operating in the goat milk products market report are Ausnutria Dairy Corporation Ltd., Dairy Goat Co-Operative NZ Ltd., Goat Partners International Inc., Holle baby food AG, St Helen’s Farm Ltd., Woolwich Dairy Inc., Xi'an Baiyue Goat Dairy Group Co. Ltd., Meyenberg Goat Milk Products, Redwood Hill Farm & Creamery, Saputo Inc., Hay Dairies Pte. Ltd., Good Goat Milk Company, Stickney Hill Dairy Inc., Cherry Glen Goat Cheese Co., Hewitt’s Dairy Ltd., HiPP GmbH & Co. Vertrieb KG, Courtyard Farms, Delamere Dairy Ltd., Summerhill Goat Dairy, Hogwegt Group, Delamere Dairy Ltd., Emmi Group, AVH Dairy Trade B.V, Granarolo S.p.A., Yayi International Inc., Westfield Farms Ltd., Danone S.A., Nubian Heritage Dairy Goat Farm, MT. Capra Products.

Asia-Pacific was the largest region in the goat milk products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the goat milk products market repot during the forecast period. The regions covered in the goat milk products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the goat milk products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of goat milk products include milk, cheese, milk powder, and various other items. Milk, in this context, refers to a nutrient-rich liquid produced by female mammals to nourish their young. It possesses a creamy texture and distinct flavor, serving as a good source of protein, vitamins, and minerals. These products are manufactured by both organized and unorganized sectors and are distributed through various channels such as supermarkets, convenience stores, specialty stores, medical and pharmacy stores, and online platforms. They cater to diverse end users, including adults, teenagers, the elderly, and infants.

The goat milk products market research report is one of a series of new reports that provides goat milk products market statistics, including global market size, regional shares, competitors with a goat milk products market share, detailed goat milk products market segments, market trends and opportunities, and any further data you may need to thrive in the goat milk products industry. This goat milk products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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