Goat Milk Market was valued at USD 8,900 Million in 2019 and is expected to register a CAGR of 3.8% during the forecast period.

Introduction of the Goat Milk Market Report

Goat milk is considered a superfood as it offers various health benefits such as essential vitamins and minerals, including potassium, iron, vitamin A, and other nutrients. The goat’s milk also provides plenty of calcium and helps in lowering blood pressure. The global goat milk market offers various product offerings such as milk, cheese, milk powder, among others.

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Market Dynamic

Key Drivers and Emerging Trends

The global goat milk market is mainly driven by the rising number of health-conscious people around the world. Individuals are increasingly looking for healthy food options in order to maintain their overall health and well-being. Goat milk has ample amount of calcium, protein, fats, vitamins, and various other essential nutrients as compared to cattle milk. It enhances the platelet count in the blood during dengue or any other diseases. In addition to this, the government bodies are focusing on introducing various strategies and initiatives to support the adoption of goat milk in order to cater to the growing demand of the consumers. In 2020, the Animal Husbandry Department in India announced to provide 90% financial assistance with an aim to support goat and sheep rearing in the country. Additionally, the UK government is offering the EU-funded school milk subsidy scheme to encourage children to consume milk and milk products. This subsidy applies to the milk product from cows, goats, and sheep. Furthermore, the rising number of consumers who are following the vegan diet pattern is indirectly surging the growth of the goat milk market share. Goat milk is a good source of colostrum and is considered a natural cure for jaundice as it has various anti-inflammatory properties.

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Products – Segment Analysis

Based on the products, the milk segment is anticipated to grow at a higher CAGR during the forecast period. This is mainly due to the growing health concerns among individuals, along with the growing demand for goat milk in the personal care sector. Additionally, the consumers are becoming aware of the various benefits offered by goat milk, such as offers higher amount of potassium, iron, calcium, and vitamin A. This is further surging the demand for goat milk over the coming years.

Distribution Channel – Segment Analysis

Based on the distribution channel, the specialty stores segment is expected to grow at a higher CAGR during the forecast period. This type of distribution channel offers specific product categories, which is a major factor for their increased demand in the market. These stores are primarily engaged in selling dairy products which include milk, butter, cheese, yogurt, ice cream, and cottage cheese. In addition to this, this type of store provides a great consumer experience with various exceptional features such as personalized customer services, various discount offers, premium offers, among others.

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Regional – Segment Analysis:

Based on the region, North America is projected to grow at a higher CAGR during the forecast period. The rising rate of population along with the growing use of goat milk as a therapeutic health food nutraceuticals are the two major factors that are contributing to the regional market growth. In addition to this, the rising demand for cheese in the fast-food sector is further driving the market growth. The consumers in this region are becoming aware of the various benefits offers by goat milk, such as protein, calcium, vitamins, iron, fats, and other essential nutrients.

Top Market Players

Various notable players operating in the market, include Hay Dairies Pte Ltd., The Good Goat Milk Company, Summerhill Goat Dairy, Delamare Dairy, Holle Baby Food AG, Yayi International, Inc., Dairy Goat Co-operation (DGC), Ausnutria Dairy Corporation Ltd., AVH Dairy Trade B.V., and Granarolo S.p.A., among others. 

Key Developments:

• • In 2020, Delamare Dairy introduced the “UK’s first Goat Milk Powder”. This new milk powder was launched to meet the demand for store cupboard alternative during the COVID-19 pandemic.

Segments covered in the Report:

The global Goat Milk market has been segmented on the basis of Products, Distribution Channel, and regions. Based on Products, the market is segmented into Milk, Cheese, Milk Powder, and Others. Based on Distribution Channel, the market is segmented into Supermarkets and Hypermarkets, Convenience Store, Specialty Store, Medical Store and Pharmacy, and Online. 

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Key questions answered in this research report:

• • At what pace is global Goat Milk market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Goat Milk market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Goat Milk market?
  • Which Products generated maximum revenues in 2020 and identify the most promising Products during the forecast period?
  • What are the various Distribution Channel areas of global Goat Milk market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2019)	USD 8,900 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Products, By Distribution Channel, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Hay Dairies Pte Ltd., The Good Goat Milk Company, Summerhill Goat Dairy, Delamare Dairy, Holle Baby Food AG, Yayi International, Inc., Dairy Goat Co-operation (DGC), Ausnutria Dairy Corporation Ltd., AVH Dairy Trade B.V., and Granarolo S.p.A., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Goat Milk Market by Products

• • Milk
  • Cheese
  • Milk Powder
  • Others

Global Goat Milk Market by Distribution Channel

• • Supermarkets and Hypermarkets
  • Convenience Store
  • Specialty Store
  • Medical Store and Pharmacy
  • Online

Global Goat Milk Market by Region

• • North America Goat Milk Market (Option 1: As a part of the free 25% customization)
    • North America Goat Milk Market by Products
    • North America Goat Milk Market by Distribution Channel
    • US Goat Milk Market All-Up
    • Canada Goat Milk Market All-Up
  • Europe Goat Milk Market (Option 2: As a part of the free 25% customization)
    • Europe Goat Milk Market by Products
    • Europe Goat Milk Market by Distribution Channel
    • UK Goat Milk Market All-Up
    • Germany Goat Milk Market All-Up
    • France Goat Milk Market All-Up
    • Spain Goat Milk Market All-Up
    • Rest of Europe Goat Milk Market All-Up
  • Asia-Pacific Goat Milk Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Goat Milk Market by Products
    • Asia-Pacific Goat Milk Market by Distribution Channel
    • China Goat Milk Market All-Up
    • India Goat Milk Market All-Up
    • Japan Goat Milk Market All-Up
    • Rest of APAC Goat Milk Market All-Up
  • RoW Goat Milk Market (Option 4: As a part of the free 25% customization)
    • RoW Goat Milk Market by Products
    • RoW Goat Milk Market by Distribution Channel
    • Brazil Goat Milk Market All-Up
    • South Africa Goat Milk Market All-Up
    • Saudi Arabia Goat Milk Market All-Up
    • UAE Goat Milk Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Goat Milk Market All-Up

Major Players Operating in the Goat Milk (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Hay Dairies Pte Ltd.
  • The Good Goat Milk Company
  • Summerhill Goat Dairy
  • Delamare Dairy
  • Holle Baby Food AG
  • Yayi International, Inc.
  • Dairy Goat Co-operation (DGC)
  • Ausnutria Dairy Corporation Ltd.
  • AVH Dairy Trade B.V.
  • Granarolo S.p.A.