Goat Milk Product Market Outlook, 2028

People all across the world are becoming increasingly health-conscious and willing to pay a premium for products that provide health benefits. Goat milk is high in protein and calcium, making it an ideal supplement for the growing bones and teeth of children and adults. In addition, milk contains essential amino acids, calcium, phosphorus, potassium, magnesium, Vitamin A, and oligosaccharides with prebiotic and anti-infection effects. Furthermore, goat milk-derived products have a smoother texture due to smaller fat globules and a lower percentage of 1-casein, giving them a higher water-holding capacity and lower viscosity. People begin to lose bone strength and physical capacity once they reach the age of 60. Goat milk is a nutrient powerhouse, including a high concentration of calcium and vitamins. Furthermore, because of its mineral metabolism, goat milk helps soften bones and prevent fractures. Furthermore, as we age, our bodies produce less stomach acid. Goat milk has a lot of healthy bacteria and germs, which help with digestion and help, prevent constipation and other intestinal problems. During the COVID-19 epidemic, the dairy industry fared unevenly. Fresh milk and milk products are particularly susceptible to supply chain interruptions due to their short life cycle. However, on a global scale, the dairy industry was not as seriously damaged as other sectors. The pandemic's influence varied by location, with negative consequences ranging from a lack of shipping containers to the disposal of surplus supplies. The majority of countries reacted rapidly to the production and labour concerns, resulting in little disruptions to their normal trading environment.

According to the research report Global Goat Milk Product Market Outlook, 2028 the global Goat Milk Product market is anticipated to cross USD 18.93 Billion in size by 2028, increasing from USD 12.50 Billion in 2022. The market is projected to grow at a 7.31% CAGR by 2023-28. Consumers are becoming more conscious about their health and seeking natural and organic food options. Goat milk products, known for their natural and nutritional properties, are gaining popularity as a healthier alternative to cow milk products. Manufacturers are focusing on product innovation and diversification to cater to evolving consumer preferences. They are introducing flavored goat milk products, such as strawberry, chocolate, and vanilla, to enhance taste and appeal to a wider consumer base. Advancements in processing and packaging technologies have improved the shelf life, safety, and convenience of goat milk products. Manufacturers are employing advanced techniques to maintain the quality and freshness of these products, thereby enhancing consumer satisfaction. Goat milk is known for its moisturizing and nourishing properties, leading to an increased demand for goat milk-based skincare products. Items like soaps, lotions, creams, and balms made with goat milk are becoming popular due to their perceived natural and gentle characteristics. Continued investment in research and development (R&D) is driving product innovation and improvement in the goat milk product market. Companies are investing in research to develop new formulations, improve taste and texture, and enhance the nutritional profile of goat milk products.

Asia-Pacific has a large and rapidly growing population, which provides a significant consumer base for various food and beverage products, including goat milk products. The region's rising urbanization rates and changing dietary preferences have also increased the demand for dairy alternatives like goat milk. Goat milk has a long history of consumption in several Asian countries. In many cultures, particularly in parts of Southeast Asia and the Indian subcontinent, goat milk and its products have been part of traditional diets and cuisines. This cultural familiarity and acceptance have helped drive the demand for goat milk products in the region. Economic growth and rising disposable incomes in many Asian countries have contributed to increased consumer spending on premium and healthier food products. Goat milk products, which are often positioned as natural, organic, and premium offerings, align well with the preferences of this expanding middle-class consumer base. In addition, The Middle East and Africa boast a wide array of traditional goat milk products. These include regional cheeses like Feta, Labneh, and Akkawi, as well as cultured yogurts, butter, and ice cream made from goat milk. These products often have distinct flavors and textures, reflecting the cultural diversity of the region. Goat milk products often play a prominent role in cultural festivals and celebrations in the Middle East and Africa. For example, during Eid al-Fitr, a Muslim festival marking the end of Ramadan, goat milk-based sweets and desserts are prepared and shared among families and communities as a symbol of joy and abundance.

Goat milk and its products have a long history of consumption in various regional cuisines and cultures across India. Traditional dishes, sweets, and beverages made with goat milk are part of Indian culinary traditions and are consumed widely. India has a significant population of people who are lactose intolerant or have dairy allergies. As a result, there is a growing demand for dairy alternatives, including goat milk products, which are perceived to be more easily digestible and suitable for those with lactose intolerance. Ayurveda, the traditional Indian system of medicine, recognizes the nutritional and medicinal properties of goat milk. Ayurvedic texts mention the health benefits of goat milk, and it is often recommended for certain health conditions. This recognition contributes to the demand for goat milk products in the country. India is known for its diverse goat breeds, each with its unique characteristics and milk composition. Breeds like the Jamunapari, Beetal, Sirohi, and Osmanabadi are well-regarded for their milk production potential. These indigenous breeds contribute to the availability of raw goat milk for the local market. India has a well-established dairy industry with cooperatives such as Amul and institutions like the National Dairy Development Board (NDDB) playing a significant role. While these entities primarily focus on cow milk production, they have also started promoting and supporting the production and marketing of goat milk products.

Based on product type the goat cheese segment is expected to dominate with a market share of more than 35%. Goat cheese is highly regarded for its culinary versatility. It offers a wide range of flavor profiles, from mild and creamy to tangy and pungent. This versatility allows goat cheese to be used in various culinary applications, including salads, sandwiches, pastas, pizzas, and desserts. The ability to enhance and complement a diverse range of dishes contributes to the popularity and widespread use of goat cheese. Goat cheese comes in various forms and varieties, catering to different consumer preferences. From soft and fresh cheeses like chèvre and feta to aged and firm cheeses like Bucheron and Rocamadour, there is a goat cheese variety for every taste. The wide range of options allows consumers to explore different flavors and textures, making goat cheese a popular choice among cheese connoisseurs and food enthusiasts. In addition, the Others segment, which includes goat milk products like ice cream and cajeta, is expected to exhibit the highest CAGR during the forecast period in the global goat milk product market. Goat milk products in the Others segment offer unique flavor profiles and taste experiences. Goat milk ice cream, for instance, is known for its creamy texture and distinctively tangy flavor. Cajeta, a caramel sauce made from goat milk, has a rich and sweet taste. These unique flavors and taste profiles differentiate the Others segment and attract consumers looking for new and exciting culinary experiences. The health-consciousness trend among consumers has expanded the demand for healthier dessert options. Goat milk-based ice cream and other Others products offer an alternative to traditional cow's milk-based desserts. Goat milk is often perceived as a nutritious option due to its lower lactose content, different protein structure, and unique composition of vitamins and minerals. Health-conscious consumers seeking indulgent yet healthier dessert options turn to goat milk-based products, driving the growth of the Others segment.

Hypermarkets and supermarkets are major distribution channels for goat milk products. These large-scale retail outlets offer a wide variety of products, including goat milk, goat cheese, and other goat milk derivatives. Hypermarkets and supermarkets provide convenience to consumers by offering a one-stop shopping experience for their grocery needs. These establishments often have dedicated sections for dairy products, including goat milk products, and provide a platform for both mass-market and specialty brands. For instance, some well-known hypermarket and supermarket chains that often carry goat milk products include Walmart, Carrefour, Tesco, Aldi, Kroger, Coles, Woolworths and more. The online distribution channel has experienced significant growth in recent years. Consumers can purchase goat milk products through various e-commerce platforms, including online marketplaces, specialty food websites, and direct-to-consumer websites operated by goat milk product manufacturers. The online channel provides convenience, wider product choices, and the ability to reach consumers in remote areas. It also allows for direct interaction between producers and consumers, enhancing brand visibility and customer engagement. For instance, some well-known online platforms and websites where consumers can purchase goat milk products include Amazon, Alibaba, iHerb, Thrive Market, Vitacost and many local farms that produce goat milk products have their own websites or online stores. Consumers can directly purchase goat milk, goat cheese, and other goat milk products from these websites, often supporting local and sustainable agriculture practices.

Major Companies present in the market:

Granarolo S.p.A, Emmi AG, Ausnutria Operations B.V, Royal FrieslandCampina N.V, Saputo Inc, Delamere Dairy, HiPP GmbH & Co. Vertrieb KG, Arla Foods amba, Danone S.A, Holle baby food GmbH, Bubs Australia Ltd, Dairy Goat Co-operative, Belle Chevre, Hay Dairies Pte Ltd, Agrial, Meyenberg Goat Milk, Summerhill Goat Dairy, Gulf & Safa Dairies, Laura Chenel’s Chevre, Inc, DANA Dairy.

Considered in this report

• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Global Goat Milk Product market with its value and forecast along with its segments
• Regional-wise Goat Milk Product market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regional covered in the report:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

By Product Type

• Goat Cheese (Fresh Goat Cheese, Aged Goat Cheese, Flavored Goat Cheese, Others)
• Goat Milk Powder (Skimmed milk Powder, Full Cream Milk Powder)
• Goat Yogurt (Set-style Yogurt, Swiss-style Yogurt)
• Butter
• Others (ice cream, cajeta)

By Form

• Liquid
• Solid

By Distribution

• Hypermarket & Supermarket
• Convenience Stores
• Specialty Stores
• Online
• Others (Pharmacy Store, B2B)

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Goat Milk Product industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.