Goat Milk Products Market Analysis 2024 – Estimated Market Size And Key Drivers

The Goat Milk Products by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Goat Milk Products, 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.

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.

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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

Top Major Players:

• Ausnutria Dairy Corporation Ltd.
• Dairy Goat Co-Operative NZ Ltd.
• Goat Partners International Inc.
• Holle baby food AG
• St Helen’s Farm Ltd.

Asia-Pacific was the largest region in the goat milk products market in 2023.

Technological advancements are a key trend gaining popularity in the goat milk products market. Major goat milk product manufacturers are focusing on the integration of advanced technologies in production facilities to sustain their position in the market. For instance, in April 2023, Emmi AG, a Switzerland-based milk processing and dairy products manufacturing company, opened a spray-drying tower and goat milk powder production facility in the Netherlands. The spray-drying tower fulfils the rising demand for goat’s milk powder, and it is energy-efficient. The new facility includes energy-efficient energy pumps and recovery technologies. It uses an electric heat pump instead of a gas-powered steam system.

The goat milk products market report table of contents includes:
1. Executive Summary
2. Goat Milk Products Market Characteristics
3. Global Goat Milk Products Market Trends And Strategies
4. Goat Milk Products Market – Macro Economic Scenario
5. Global Goat Milk Products Market Size and Growth
…….
26. Global Goat Milk Products Market Competitive Benchmarking
27. Global Goat Milk Products Market Competitive Dashboard
28. Key Mergers and Acquisitions In Goat Milk Products Market
29. Goat Milk Products Market Future Outlook and Potential Analysis
30. Appendix

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