Categories: Food & Beverages

Evaporated Goat Milk Market Trends, Growth Drivers, Demand Forecast To 2032

The Evaporated Goat Milk Global Market Report 2023, provides comprehensive information on the evaporated goat milk market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Evaporated Goat Milk Global Market Report 2023, the market size is expected to grow from $5.62 billion in 2022 to $5.75 billion in 2023 at a compound annual growth rate (CAGR) of 2.30%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global evaporated goat milk market size is expected to reach $6.38 billion in 2027 at a CAGR of 2.63%.

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The rising prevalence of lactose intolerance is anticipated to drive the growth of the evaporated goat milk market. Lactose intolerance, resulting from a deficiency of the enzyme lactase, impedes the complete digestion of milk sugar. Goat’s milk, characterized by smaller lipid molecules compared to cow’s milk, proves easier to digest, particularly for individuals with compromised digestive systems such as those with lactose intolerance. A 2023 report from the World Population Review indicates that approximately 65% of the global population is lactose intolerant, with specific demographics like East Asians (70–100%), Ghanaians (100%), South Koreans (100%), and Vietnamese (98%) exhibiting the highest prevalence. Consequently, the expanding lactose-intolerant population is a significant driver for the burgeoning evaporated goat milk market.

In the evaporated goat milk market, a noteworthy trend is the increasing popularity of product innovations. Major companies within this market are introducing distinctive products utilizing evaporated goat milk. Notably, in February 2021, Meyenberg, a US-based producer of evaporated goat milk, unveiled a line of goat milk products as alternatives for nursing puppies and kittens. These products, designed to closely mimic mother’s milk, offer a suitable replacement for those separated from their mothers. Goat milk serves as a universal mother milk, catering not only to babies but also to adults with lactose digestion issues and various domesticated animals. These goat milk products are enriched with essential amino acids, lipids, carbohydrates, and vitamins in liquid and powder forms, promoting healthy development and overall well-being.

The evaporated goat milk market is segmented:

1) By Type: Skimmed Evaporated Milk, Whole Evaporated Milk

2) By Application: Infant Food, Dairy Products, Bakeries, Confectionery, Other Applications

3) By Distribution Channel: Online, Offline

Europe was the largest region in the evaporated goat milk market in 2022.

Top Major Players

Meyenberg Goat Milk,

Nestlé S.A,

Arla Foods,

Fraser and Neave Limited,

Royal FrieslandCampina N.V

The table of contents in TBRC’s evaporated goat milk market report includes:

Executive Summary
Evaporated Goat Milk Market Characteristics
Evaporated Goat Milk Market Trends And Strategies
Evaporated Goat Milk Market – Macro Economic Scenario
Evaporated Goat Milk Market Size And Growth
Evaporated Goat Milk Market Segmentation
Evaporated Goat Milk Market Regional And Country Analysis

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Key Mergers And Acquisitions In The Evaporated Goat Milk Market
Evaporated Goat Milk Market Future Outlook and Potential Analysis
Appendix

List Of Tables :

Table 1: Global Historic Market Growth, 2017-2022, $ Billion

Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion

Table 3: Global Evaporated Goat Milk Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Table 4: Global Evaporated Goat Milk Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Table 5: Global Evaporated Goat Milk Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

………..

Table 46: Meyenberg Goat Milk Financial Performance

Table 47: Nestlé S.A Financial Performance

Table 48: Arla Foods Financial Performance

Table 49: Fraser and Neave Limited Financial Performance

Table 50: Royal FrieslandCampina N.V Financial Performance

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