Goat Milk Products Market Report: By Product Type (Cheese, Milk, Milk Powder), Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Medical & Pharmacy Stores, Online), End User (Adult, Teenager, Elderly, Infant) – Global Industry Size, Share, Trends and Growth Forecast to 2030

Market Overview

The goat milk products market size was valued at $8,672.9 million in 2021, and it will grow at a CAGR of 4.8% during 2021–2030. The industry is mainly driven by the rise in the number of health-conscious consumers, government subsidies for goat farming, and technological advancement in this field.

A growing number of people throughout the world are becoming more health-conscious and willing to pay more for products that give health benefits. Goat milk is high in protein and calcium, making it an excellent complement for growing children's and adults’ bones and teeth. Additionally, important amino acids, calcium, phosphorus, potassium, magnesium, Vitamin A, and oligosaccharides with prebiotic and anti-infection properties are also present in the milk. Furthermore, goat milk-derived goods have a smoother texture due to smaller fat globules and a lower percentage of 1-casein, which provides them a higher water-holding capacity and reduced viscosity.

Beyond the age of 60 years, people begin to lose bone strength and muscular ability. Goat milk works as a nutrient powerhouse, as it provides a significant amount of calcium and vitamins. Further, goat milk aids in softening bones and preventing fractures, due to its mineral metabolism. Moreover, people's bodies create less stomach acid as they age. Goat milk is high in good bacteria and germs that aid in food digestion and prevent constipation and other intestinal cramps.

During the COVID-19 pandemic, the dairy sector showed uneven resilience. Because of their short life cycle, fresh milk and milk products are particularly vulnerable to supply chain disruptions. On a worldwide scale, however, the dairy industry was not as badly affected as other sectors. The pandemic's impact had varied depending on the region, with negative implications ranging from the shortage of shipping containers to the disposal of surplus products. The majority of nations responded quickly to the production and labor issues, resulting in low disruptions to their usual trading environment.

Cheese Is Highest Revenue Generator in the Market

The cheese category held the largest market share, of around 45%, in 2021. This is because the demand for cheese made from goat milk has increased significantly in recent years. It is particularly popular among youngsters and elderly people, who are prone to allergic reactions to cow milk products. Moreover, goat milk cheese is rich in various types of healthy fats, such as medium-chain and short-chain unsaturated fats, fatty acids, and medium-chain triglycerides. The cheese also comprises high-quality, easily digestible protein, which offers most of the vital amino acids that are required by the human body. In addition to helping fight inflammation and contributing to a healthy gut, goat cheese has lower allergenic properties.

Goat Milk Products Are Sold Widely at Hypermarkets & Supermarkets

Hypermarkets & supermarkets are one of the most significant distribution channels for dairy products. Thus, the category accounted for the highest share, over 40%, in the goat milk products market in 2021. Moreover, these large retail stores allow vendors to profile and promote their products, aiding in marketing their brands. Furthermore, due to the range of items and the convenience of customers connected with them, these businesses cater to a bigger customer segment than small retail stores.

Moreover, because all things are available under one roof, companies maintain a favorable connection with retailers through numerous offers, promotions, and discounts, to engage more customers. Additionally, supermarkets & hypermarkets are typically located in the core of many towns and cater to a wide range of customers. Various consumers in several nations plan to shop for all of their household requirements, including food items, from one place. As a result, goat meat and milk products are sold widely in supermarkets & hypermarkets.

Government Initiatives Toward Goat Farming Will Drive the Market

Goats farming plays an important role in the rural economy in most countries at the national level. For instance, in rural areas of India goats are farmed by about 70% of landless agricultural workers, and marginal and small farmers. When compared to other livestock species, goat farming provides great socio-economic benefits to small-scale producers. Goats are the most promising meat-producing animal that requires the least amount of area. Goats can also live in hard weather and in areas where vegetation is limited. In addition to meat, they give high-quality milk, dung, and hide.

Moreover, cattle farming is regarded as one of the most successful and long-term businesses in the world. Because of the increased demand for goat milk products, governments all over the world are providing financial incentives to many marginal farmers and entrepreneurs to enter the commercial goat farming business. The amount of money invested in goat farming determines the majority of profits. As a result, financial aid may be able to help the goat farming industry to flourish in the near future.

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APAC Is the Largest Market for Goat Milk Products

The increased consumption of goat milk products in APAC can be linked to the region's high population, which is bolstered by the rising income level of consumers. The APAC food and beverage industry is enormous, representing roughly 50% of the global market, in terms of size. Some of the regional economies, such as China and India, are focused on agriculture and they act as hubs for the production of a variety of agricultural items. Due to innovations in agricultural practices, low-cost production factors, investments and supply chain growth, and progressive government policies, agriculture commodities, such as dairy, cotton, sugarcane, coconuts, rice, and maize, are widely produced and exported.

Moreover, the demand for goat milk and its products is driven by the surging need for baby formulae, which account for over half of the market demand in the APAC region. Also, the rising levels of education and understanding about child nutrition, as well as increasing disposable income, are driving demand for goat milk-based newborn formulae in the region.

To Increase Market Share, Companies Involved in Partnerships and Collaborations

Major players in the goat milk products market have been involved in partnerships and collaborations to remain competitive and increase their industry share. For instance:

• In May 2021, Inner Mongolia Yili Industrial Group Co. Ltd. became the largest shareholder of Ausnutria Dairy Co. Ltd., for its development of goat milk formula and nutrition products.

Key Players in the Market Are

• Goat Partners International
• Ausnutria Dairy Co. Ltd.
• Redwood Hill Farm & Creamery
• St Helen’s Farm
• AVH Dairy Trade B.V.
• Granarolo S.p.A.
• Woolwich Dairy Inc.
• Meyenberg Goat Milk
• Stickney Hill Dairy Inc.
• Xi'an Baiyue Goat Dairy Group Co. Ltd. (Baiyue)

Segmentation Analysis 

The research offers the market size of the global goat milk products market for the period 2017–2030.

Based on Product Type

• Cheese
• Milk
• Milk Powder

Based on Distribution Channel

• Hypermarkets & Supermarkets
• Convenience Stores
• Specialty Stores
• Medical & Pharmacy Stores
• Online

Based on End User

• Adult
• Teenager
• Elderly
• Infant

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Spain
  • Italy
• Asia-Pacific (APAC)
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America (LATAM)
  • Brazil
  • Mexico
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa