Latest market study on "Global Goat Milk Market to 2027 - Analysis and Forecasts by Product (Milk, Cheese, Milk Powder, Others); Distribution Channel (Hypermarkets and Supermarket, Convenience Store, Specialty Stores, Online, Others) and Geography", The global goat milk market was valued at US$ 13,559.6 Mn in 2018 and is projected to be worth US$ 17,440.7 Mn by 2027, growing at a CAGR of 3.0% during the forecast period. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Goat milk is the type of milk which is white, opaque liquid with a slightly sweet taste and no odor and has various health benefits. Goat milk and its products have played an important role in the economic viability in many parts of the world, especially in developing countries. In 2018, North America accounted for the largest share of the global goat milk market followed by Asia-Pacific. Goat farming in APAC has increased rapidly in the last few years. It accounts for approximately two-third of the global goat milk production. The region is expected to dominate the global goat milk market owing to the large production capacity of milk processing plants in the region. Countries such as India, Bangladesh, Thailand, China, the Philippines, and Indonesia are among the largest producers of goat milk in the region. Changing consumer’s preference towards newer and healthy food products is expected to boost the market of goat milk in the region. Moreover, increasing disposable income of the consumers is also pushing the growth of more premium and healthy products which is providing an optimistic future for dairy goat production in this region.

Based on products of goat milk, the market is segmented into milk, cheese, milk powder, others. The goat milk segment lead the global goat milk market. Goat milk is a nutritious drink with essential vitamins and minerals, which provides multiple health benefits. Goat milk contains higher amount of potassium, calcium, iron, and vitamin A than cow’s milk. Also, the goat milk contains less lactose than cow’s milk, it is easily digested, and the goat milk has plenty of calcium, lower cholesterol, and is a good source of essential vitamins. The demand for goat milk market is primarily driven by the various nutritional benefits offered by it. Goat cheese is a dairy product, which comes in a variety of flavors and textures are utilized in various applications across the world. Broad varieties of goat cheese are available in the market ranging from soft and spreadable fresh cheese to salty and crumbly cheese. Essential vitamins such as A, B1, B2, B3, and minerals such as calcium and phosphorous are predominantly present in the goat milk. Goat milk powder is obtained after the dehydration of goat milk. Generally, the goat milk powder is obtained in two forms, such as skimmed milk powder and full cream milk powder. The baby food industry is one of the major sectors where both full cream and skimmed milk powder are being used successfully. Other products of goat milk include butter and yogurt. The goat butter has various advantages over the normal butter as it is easy to digest, melts easily, and have high moisture content. Various health benefits of goat yogurt, such as vitamin B2 supply, boosting the metabolism of the body, and low allergens makes it a popular food agent worldwide.

A variety of manufactured products can be produced from goat milk, including fluid products (low fat, fortified, or flavored), fermented products such as cheese, yogurt or buttermilk, frozen products such as ice cream or frozen yogurt, butter, and condensed and powdered products. However, by product the cheese segment is expected to grow at a fastest CAGR during the forecast period. The cheese is traditionally the main commercial goat milk product produced and consumed in large quantities around the world. It comes in a variety of flavors and textures are utilized in various applications across the world. Broad varieties of goat cheese are available in the market ranging from soft and spreadable fresh cheese to salty and crumbly cheese. Essential vitamins such as A, B1, B2, B3, and minerals such as calcium and phosphorous are predominantly present in the goat milk. Therefore, owing to the increasing health concerns among population, the market for goat milk is likely to grow during the forecast period.

The market for global goat milk is concentrated with some very well-established players. Some of the key players in the global goat milk market are Delamere Dairy, Emmi Group, Hay Dairies Pte Ltd., Kavli, Goat Partners International, Inc., Ausnutria Dairy Corporation Ltd. Stickney Hill Dairy, Inc., Granarolo Group, Summer Hill Goat Dairy, and Gay Lea Foods Co-operative Ltd. among others.

North America is expected to be the fastest-growing market for goat milk in the coming years. The US is a developed country in terms of standard of living, infrastructure, and many others. North America has led to a highly competitive market regarding technological developments. Factors such as utilization of automation and amendments in food safety regulations by FDI are propelling the growth of the North American food industry, which in turn is expected to influence the goat milk market during the forecast period. Associations and committees established in North America for the food & beverage sector take care of every aspect of food production, preserving, testing, quality control, packaging, labeling, and more. The FDA (Food and Drug Administration) is charged to control and manage food safety. These factors are again helping to boost the growth of goat milk market in North America.

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