— 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.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/request-sample/6204
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.
𝐌𝐢𝐥𝐤 𝐩𝐨𝐰𝐝𝐞𝐫 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐰𝐨𝐮𝐥𝐝 𝐞𝐱𝐡𝐢𝐛𝐢𝐭 𝐭𝐡𝐞 𝐡𝐢𝐠𝐡𝐞𝐬𝐭 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟕.𝟒𝟎% 𝐝𝐮𝐫𝐢𝐧𝐠 𝟐𝟎𝟏𝟗-𝟐𝟎𝟐𝟔.
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.
𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 @ https://www.alliedmarketresearch.com/connect-to-analyst/6204
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.
𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
Stickney Hill Dairy Inc, Granarolo S.p.A., St Helen’s Farm, AVH Dairy Trade B.V., Goat Partners International, Xi’an Baiyue Goat Dairy Group Co .Ltd.
𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.alliedmarketresearch.com/request-for-customization/6204
𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐆𝐨𝐚𝐭 𝐌𝐢𝐥𝐤 𝐌𝐚𝐫𝐤𝐞𝐭:
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. Porter’s 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 supplier–buyer 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.
𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐅𝐨𝐨𝐝 𝐚𝐧𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
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