Goat Milk Market:
Growth opportunities in the goat milk market look promising over the next six years. This is mainly due to the increasing government initiatives like subsidies and expanding awareness about the benefits provided by goat milk.
Goat Milk Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The prominent driver responsible for the glocbal goat milk market growth is the augmenting number of health-conscious individuals throughout the world. Consumers are progressively seeking healthy food substitutes to sustain their overall wellbeing. Goat milk is rich in protein, fats, calcium, and vitamins compared to cattle milk, and it also improves the platelet count in the blood at the time of dengue. Also, it is a good source of colostrum and is regarded as a natural cure for jaundice as it has various anti-inflammatory properties. Moreover, the government bodies initiate various strategies and policies to encourage the use of goat milk to fulfill the surging demand of consumers. The Indian Animal Husbandry Department, in 2020, declared to offer 90% financial aid with a motive to encourage goat and sheep rearing in the country. Furthermore, the UK government promotes the EU-funded school milk subsidy scheme to persuade children to consume milk and milk products, and this subsidy is applied to milk products from goats, sheep, and cows. The surging individuals following the vegan diet pattern are indirectly fuelling the goat milk market share.
Distribution Channel Segment Drivers
Based on the distribution channel, specialty stores are predicted to witness a higher CAGR during the forecast period. This is because of the specific product categories imparted by these stores. They are mainly involved in selling dairy products like cheese, milk, butter, yogurt, cottage cheese, and ice cream. Moreover, it provides a magnificent consumer experience with many exceptional features such as personalized customer services, various discounts, and premium offers.
Regional Drivers
Based on the regional coverage, North America is expected to expand at a higher CAGR during the forecast period. The accelerating population coupled with their escalating employment as a therapeutic health food nutraceutical are the factors bolstering the market growth. Moreover, the increasing cheese demand by the fast-food sector is supplementing the market growth. Consumers these days are becoming aware of the health-benefiting features of such as the supply of essential nutrients like protein, calcium, vitamins, iron, and fats.
Goat Milk Market’s leading Manufacturers:
- Granarolo S.p.A.
- Ausnutria Dairy Corporation Ltd.
- Yayi International, Inc.
- Delamare Dairy
- The Good Goat Milk Company
- AVH Dairy Trade B.V.
- Dairy Goat Co-operation (DGC)
- Holle Baby Food AG
- Summerhill Goat Dairy
- Hay Dairies Pte Ltd.
Goat Milk Market Segmentation:
Segmentation by Products
- Milk
- Cheese
- Milk Powder
- Others
Segmentation by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Store
- Specialty Store
- Medical Store and Pharmacy
- Online
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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