Overview and Scope
Goat milk products refer to various items made from the milk of goats. Goat milk products act as a crucial source of protein, calories, and lipids as an alternative to cow milk products.
Sizing and Forecast
The goat milk products market size has grown strongly in recent years. It will grow from $12.61 billion in 2023 to $13.35 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to cultural significance, local dairy practices, traditional cheese making, health perceptions, specialized nutrition..
The goat milk products market size is expected to see strong growth in the next few years. It will grow to $16.6 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to educational campaigns and marketing, global market expansion, innovation in product development, sustainability and ethical consumption, premiumization and specialty products.. Major trends in the forecast period include alternative dairy demand, health and nutritional benefits, global market penetration, innovation in processing, sustainability and ethical consumption..
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Segmentation & Regional Insights
The goat milk products market covered in this report is segmented –
1) By Product: Milk, Cheese, Milk Powder, Othe Products
2) By Sector: Unorganized, Organized
3) By Distribution Channel: Hypermarkets And Supermarket, Convenience Store, Specialty Stores, Medical And Pharmacy Store, Online
4) By End User: Adult, Teenager, Elderly, Infant
Asia-Pacific was the largest region in the goat milk products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the goat milk products market repot during the forecast period. The regions covered in the goat milk products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing consumer spending on healthy dairy foods is expected to significantly drive the goat milk products market going forward. Increasing consumer spending on healthy dairy foods refers to the trend of consumers allocating a larger portion of their food budget to dairy products perceived as healthy. Healthy dairy foods are considered good for human health due to their nutrient content and health benefits. For instance, in September 2022, according to data released by the USDA Economic Research Division, a US-based government agency, per capita dairy consumption increased by 12.4 pounds per person compared to the previous year, with the average American consuming 667 pounds of dairy products in 2021. Therefore, the increasing consumer spending on healthy dairy foods is driving the growth of the goat milk products market going forward.
Key Industry Players
Major companies operating in the goat milk product market are developing innovative products such as protein-rich ingredients to meet larger customer bases, more sales, and increase revenue. Protein-rich ingredients refer to food components that contain a high concentration of proteins, which are essential macronutrients crucial for various physiological functions in the human body. For instance, in November 2021, Ausnutria Dairy Corporation Ltd., a China-based manufacturer of dairy products, launched CBM Goat Power. CBM Goat Power stands out as a unique offering featuring protein-rich ingredients and custom-blended concepts sourced from Dutch goat milk. Harnessing the inherent benefits of goat milk proteins, particularly elevated levels of branched-chain amino acids and leucine, known to bolster muscle protein synthesis, CBM Goat Power is exceptionally suitable for a wide range of sports and lifestyle nutrition products. This distinct protein source unlocks innovative opportunities in various applications, including instant drinks, meal replacements, nutritional bars, pet food, snacks, baked goods, and desserts, providing versatility and nutritional advantages across diverse consumer preferences and product categories, as emphasized by the company.
The goat milk products market report table of contents includes:
1. Executive Summary
- Goat Milk Products Market Characteristics
- Goat Milk Products Market Trends And Strategies
- Goat Milk Products Market – Macro Economic Scenario
- Global Goat Milk Products Market Size and Growth
.
- Global Goat Milk Products Market Competitive Benchmarking
- Global Goat Milk Products Market Competitive Dashboard
- Key Mergers And Acquisitions In The Goat Milk Products Market
- Goat Milk Products Market Future Outlook and Potential Analysis
- Appendix
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