Goat Milk Market

Analysis from GMI Research finds that the Goat Milk Market earned revenues of USD 12.7 billion in 2022 and forecast to touch USD 18.0 billion in 2030 will grow at a CAGR of 4.5% from 2023-2030

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Major Goat Milk Market Drivers

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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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)

    • By Products
    • By Distribution Channel
    • US Market All-Up
    • Canada Market All-Up

  • Europe Goat Milk Market (Option 2: As a part of the free 25% customization)

    • By Products
    • By Distribution Channel
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Goat Milk Market (Option 3: As a part of the free 25% customization)

    • By Products
    • By Distribution Channel
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Goat Milk Market (Option 4: As a part of the free 25% customization)

    • By Products
    • By Distribution Channel
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) 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.