โ Allied Market Research
WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATE, November 16, 2023 /EINPresswire.com/ — The Global Goat Milk Market size was valued at $8.5 billion in 2018, and is expected to reach $11.4 billion by 2026, growing at a CAGR of 3.8% from 2019 to 2026. Goat milk is a white, opaque liquid with a slightly sweet taste and noodor. This milk is generally utilized for direct consumption as well as to produce infant formula.
In the recent years, increase in the number of health-conscious people is expected to drive the growth of the global market. There is an increase in the demand for goat milk in all regions because it has similar nutritional properties like human milk, which boosts the global goat milk market growth. In addition, the market growth is driven by health benefits of goat milk. This milk is easy to digest for infants and is rich in fatty acids and calcium. It also contains low level of cholesterol. In addition, government has taken initiative for the growth of the dairy industry by providing the various schemes and subsidy to the dairy farms. Government of India provides 25%-30% subsidy on the total cost of the goat farm similarly, European government also provides allowances of about 80 European Currency Unit (ECU) for half/full year for the landscape maintenance of goat farms, which is expected to fuel the growth of the global market. However, the cost of the goat milk and its products is much higher as compared to the cattle milk and plant-based milk. Moreover, increase in the number of consumers which are following the vegan lifestyle is expected to hamper the growth of the global market. Technological innovation in dairy processing equipment has helped in increasing shelf life as well as quality of goat milk products, thus boosting the global market growth.
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Goat milk comes with a lot of health benefits. From the total quantity of goat milk produced, the majority share is utilized for direct consumption, followed by production of cheese, milk powder, and other products. It is the rich source of protein, calcium, fats, vitamins, iron, and other essential nutrients as compared to cattle milk. It helps to improve platelet count in the blood during dengue and other viral diseases. Moreover, due to its high calcium content, it helps keep bones and teeth stronger. It is a best source of energy for growing baby.
By product, the market is classified into milk, cheese, milk powder, and other. In 2019, milk was the leading segment in the global market, owing to direct consumption of goat milk. In addition, government of various countries are introducing various initiatives to fuel the growth of the dairy sector. For instance, the government of India offers subsidy amount from 25% to 35% of the total cost of purchase of goats, to develop the goat farm industry, which in turn fosters the growth of the goat milk market.
๐๐ข๐ฅ๐ค ๐ฉ๐จ๐ฐ๐๐๐ซ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐๐ฑ๐ก๐ข๐๐ข๐ญ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐ ๐จ๐ ๐.๐๐% ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐๐๐-๐๐๐๐.
On the basis of distribution channel, the market is categorized into hypermarkets & supermarket, convenience store, specialty stores, medical & pharmacy store, and online. The specialty stores segment was the leading segment in the global market, owing to availability of milk as well as its products at a same store. In addition, penetration of internet has increased the online sales and increased use of goat milk to produce infant formula; thus, contributing toward the market growth.
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The global market is segmented on the basis of product, distribution channel, and region. Depending on product, the goat milk market is classified into milk, cheese, milk powder, and others. The distribution channel segment comprises hypermarkets & supermarket, convenience store, specialty stores, medical & pharmacy store, and online. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, Russia, France, UK, Netherlands, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Indonesia, Australia, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Turkey, South Africa, UAE, and rest of LAMEA).
Region wise, North America was the largest market in 2019, owing to increase in the demand for goat milk products in the region. Population growth, economic growth, and increase in export of goat milk in the international market are expected to drive the growth of the goat milk market in Asia-Pacific. The increase in use of goat milk as therapeutic health food neutraceutical and rise in demand for cheese in the fast food industry has helped increase the profitability and is expected to further boost the goat milk market growth.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Stickney Hill Dairy Inc, Granarolo S.p.A., St Helenโs Farm, AVH Dairy Trade B.V., Goat Partners International, Xi’an Baiyue Goat Dairy Group Co .Ltd.
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๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐๐จ๐ซ ๐๐จ๐๐ญ ๐๐ข๐ฅ๐ค ๐๐๐ซ๐ค๐๐ญ:
1. This report provides a quantitative analysis of the global goat milk market trends, estimations, and dynamics of the market from 2019 to 2026 to identify the prevailing goat milk market demand.
2. The key countries in all the major regions are mapped based on global goat milk market share.
3. Porterโs five forces of global goat milk market analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierโbuyer network.
4. An in-depth analysis of the global goat milk market size helps to determine the prevailing market opportunities.
5. The global goat milk market forecast is provided along with the information related to key drivers, restraints, and opportunities.
6. A detailed analysis of the goat milk market segments measures the potential of the market. These segments outline the favorable conditions for the market forecast.
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๐จ๐จ๐ ๐๐ง๐ ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
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Originally published at https://www.einpresswire.com/article/668851838/goat-milk-market-to-reach-11-4-billion-by-2026-growing-at-cagr-of-3-8-from-2019-to-2026-allied-market-research