Goat Milk Products Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Goat Milk Products Market Trends & Growth Drivers

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 the 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 area. They can also live in hard weather and 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.

Growing Incidence of Lactose Intolerance Is another Strong Driver

• Another significant driver for the goat milk products market is the rising incidence of lactose intolerance.
• As per the National Institutes of Health (NIH), around 8% of the people around the world have this condition.
• Lactose intolerance is seen in almost 70% of the people in East Asia and almost 50% of Native Americans.
• The condition makes people unable to digest lactose, a type of sugar common in milk, leading to bloating, gas, nausea, vomiting and even diarrhea.
• Even though goat milk has lactose, those intolerant to it find it a little easier to digest.
• The rising awareness of this condition and of the benefits of goat milk products continue to propel its consumption around the world.

High Price of Goat Milk Hinders Market Growth

• The biggest restraint to the growth of the market is the high price of milk and allied products derived from goats.
• In some countries, especially developed ones, goat milk can be five times more expensive than standard cow milk.
• Further, goat milk products are in trend right now and marketed as premium product, thus costing more than those derived from regular cattle.
• Additionally, many New World countries have little concept of goat farming, with dairy farming mainly involving cows.
• In the U.S., an 8-oz glass of goat milk costs USD 1.2 on average, against USD 0.25 for the regular dairy alternative.
• In Delhi, the prices are half-a-litre of cow milk costs INR 32, while a 0.5-litre packet of goat milk costs INR 350, nearly 10 times more!

Goat Milk Products Market Analysis

Product Type Insights

• The cheese category holds the largest market share, of around 45%, in 2024.
• 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.

The following product types are included in the report:

• Cheese (Largest Category)
• Milk
• Milk Powder (Fastest-Growing Category)
• Others

Distribution Channel Insights

• Hypermarkets & supermarkets account for the largest share, over 40%, in the goat milk products market in 2024.
• 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.

The report offers analysis for these distribution channels:

• Hypermarkets & Supermarkets (Largest Category)
• Convenience Stores
• Specialty Stores
• Medical & Pharmacy Stores
• Online (Fastest-Growing Category)
• Others

End User Insights

• Infants hold the largest share in the market, in 2024.
• This is because goat milk is often recommended for babies who are allergic to cow milk.
• Its fat composition is also similar to human milk, while its different protein structure allows infants to easily digest it.
• The product contains lots of nutrients that infants can easily metabolize, such as vitamin A, calcium, and medium-chain fatty acids.
• Adults will witness the highest CAGR, of 5.6%, during the forecast period.
• Goat milk offers numerous benefits to grownups, including easy digestibility and less fat than buffalo milk.
• Moreover, several goat milk products, such as feta cheese and Greek yogurt, are trending around the world.

The following end users are covered in the report:

• Adult (Fastest-Growing Category)
• Teenager
• Elderly
• Infant (Largest Category)

Geographical Analysis

APAC is the largest goat milk products market, holding an estimated share of 45% in 2024. It is also expected to witness the highest CAGR, of 5.8%, over this decade. The increasing 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. Additionally, India, China, and Pakistan account for the largest populations of goats in the world, with around 148 million, 133 million, and 80 million individuals, respectively, in 2024.

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.

The following regions and countries have been analyzed in the report:

• North America
  • U.S. (Larger and Faster-Growing Country Market)
  • Canada
• Europe
  • U.K.
  • Germany (Fastest-Growing Country Market)
  • France (Largest Country Market)
  • Spain
  • Italy
  • Rest of Europe
• Asia-Pacific (APAC) (Largest and Fastest-Growing Regional Market)
  • China (Largest Country Market)
  • India (Fastest-Growing Country Market)
  • Japan
  • South Korea
  • Australia
  • Rest of APAC
• Latin America (LATAM)
  • Brazil (Largest Country Market)
  • Mexico (Fastest-Growing Market)
  • Rest of LATAM
• Middle East and Africa (MEA)
  • Saudi Arabia (Largest Country Market)
  • South Africa (Fastest-Growing Country Market)
  • Rest of MEA

Goat Milk Products Market Share

The goat milk products market is fragmented, mainly because consumption patterns vary significantly across and even within regions. Moreover, a wide variety of products with different selling points are available around the world. Further, as with regular dairy farming, especially in developing countries, goat milk products are often sold by independent, small-scale producers. The presence of a wide variety of distribution channels, such as dedicated dairies, supermarkets, neighborhood retail stores, wholesalers, and online channels, leads to further fragmentation.

Goat Milk Product Company News

• In June 2024, Uganda’s National Agricultural Research Organisation signed an MoU with Menigte Farms Limited to boost goat farming and advance the industry across the country. The collaboration with aim at the utilisation of NARO’s R&D capabilities and Menigte’s experience in goat farming.
• In May 2024, Ausnutria Dairy Corporation Ltd. Announced the near completion of its new goat milk powder factory in Heerenveen, Netherlands, and the scheduled beginning of product and equipment testing in spring.
• In October 2023, ICAR – Central Institute for Research on Goats (CIRG) entered into a collaboration with Heifer India to carry out research, offer comprehensive training programs, and implement of sustainable solutions in the area of goat farming.
• In July 2023, Ausnutria Dairy Corporation Ltd. announced the completion of the FDA review of its Kabrita goat milk infant formula, allowing the company to expand access to this product in the U.S.
• In November 2022, Redwood Hill Farm & Creamery Inc. and Jackson-Mitchell Inc. announced plans to merge and create Darey Brands Inc.