SAN FRANCISCO, U.S., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Goat Milk Powder Market By Product Type (Skimmed Milk Powder, Full Cream Milk Powder), By End-products (Infant & Follow-On Formula, Cheese, Dietary Supplements, Yogurt, Chocolate, Others), By Distribution Channels (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Medical & Pharmacy Stores, Others), and By Region - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Goat Milk Powder Market size & share was valued at approximately USD 2.2 billion in 2021. The market is expected to grow above a CAGR of 8.2% and is anticipated to reach over USD 3.32 billion by 2028.”
The report analyzes the Goat Milk Powder market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global Goat Milk Powder market.
Goat Milk Powder Market Overview:
Goat milk powder is prepared after the evaporation and drying of goat milk. The cream of goat's milk is first skimmed and then dried. The goat milk powder finds its uses in yogurt and cheese making, baby food, ice cream, chocolates, and food for older people. Goat milk powder derives its benefits from goat milk, which is highly nutritious because it contains many essential vitamins such as vitamin A, vitamin D, folic acid, and minerals like sodium, potassium, iron, and calcium. It also contains vital amino acids, fats, good cholesterol, and protein. This helps lower blood pressure levels, improve metabolism, maintain good heart health, improve nerve function, and increase the growth of good stomach bacteria.
Goat milk is also considered a super-food that can increase blood platelet count in patients with dengue fever. Furthermore, it can help with magnesium deficiency, anemia, asthma, and skin and digestive system disease.
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Key Insights from Primary Research
- As per the analysis, the goat milk powder market is likely to grow above a CAGR of around 8.2% between 2022 and 2028.
- The Goat Milk Powder market size was worth around US$ 2.2 billion in 2021 and is estimated to hit approximately US$ 3.32 billion by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The primary market driver for the global goat milk powder is its high nutritional value. There is a rising awareness among people about the benefits of goat milk powder as they adopt healthy lifestyles.
- Based on product type, the skimmed milk powder segment accounted for more than half of the global milk powder market.
- Based on distribution channels, the hypermarkets and supermarkets segment reported for the largest share of the market.
- On the basis of region, the “North America” holds the largest share of the global goat milk powder market during the forecast period.
The primary market driver for the global goat milk powder is its high nutritional value. There is a rising awareness among people about the benefits of goat milk powder as they adopt healthy lifestyles. Goat Milk contains A2 casein, which is also present in breast milk. This makes it easily digestible by babies. Such benefits have been causing an increase in the consumption of goat milk powder by infants, driven by a rise in the newborn population and bottle-feeding culture.
The E-commerce of goat milk powder products could be an excellent opportunity for marketers due to its time-saving and cost-effective nature. Furthermore, due to the increasing demand for goat milk and meat, governments worldwide offer incentives to farmers and entrepreneurs to enter commercial goat farming. Increasing population and rising income levels in developing countries are excellent opportunities for market players to expand to the untapped markets. Also, the multiple applications of goat milk powder in the food industry and its long shelf life are prominent factors that will boost the market during the forecast period. However, goat milk is expensive, which could impede the market's growth, along with an increasing vegan population giving up animal products such as milk and meat.
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Goat Milk Powder Market: COVID-19 Impact Analysis
The Covid-19 pandemic has disrupted global businesses by hampering distribution channels, creating a large-scale disruption in the demand-supply mix. Production units were shut down globally, impacting production and sale. However, the demand for goat milk and its products, including goat milk powder, has risen, driven by its numerous health benefits, most importantly immunity-boosting capability. Customers have shifted to online retail platforms for buying goat milk powder, which is an excellent opportunity for marketers.
The report contains qualitative and quantitative research on the global Goat Milk Powder Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness.
Some of the main players in the global Goat Milk Powder market include;
- Seed + Mill
- Laloo's Ice Cream
- Blue Ridge Soap Shed
- Goat Milk Stuff
- Bend Soap Company
- Mast Brothers
- Zotter Chocolates
- Billy Goat Stuff
- Bubs Organic
- Keytone Dairy Corporation Limited
- Mt. Capra
- Shaanxi Guanshan Dairy Co. Ltd.
- Shaanxi RedstarMeiling Dairy Co. Ltd.
- The Good Goat Milk Company
- Baiyue Dairy Group
- FIT Company
- Meyenberg Goat Milk Products
- Goat Partners International
- AVH Dairy Trade B.V.
- Ausnutria Dairy Corporation Ltd
- Dairy Goat Co-Operation (DGC)
Browse the full “Goat Milk Powder Market By Product Type (Skimmed Milk Powder, Full Cream Milk Powder), By End-products (Infant & Follow-On Formula, Cheese, Dietary Supplements, Yogurt, Chocolate, Others), By Distribution Channels (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Medical & Pharmacy Stores, Others), and By Region - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/goat-milk-powder-market
Goat Milk Powder Market: Segmentation Analysis
The global goat milk powder market is segregated based on Product type, end products, and Distribution channels.
In terms of product type, in 2021, the skimmed milk powder category accounted for more than half of the global milk powder market. Rising concerns among populations about health issues such as obesity, diabetes, cardiovascular diseases, and changing food habits and lifestyles propel the demand in this category.
In terms of distribution channels, in 2021, the hypermarkets and supermarkets category accounted for the largest share of the market. The easy availability of groceries under a single roof has been the driving force behind this.
In terms of region, North America holds the largest share of the global goat milk powder market during the forecast period. The increasing demand for milk food and dairy products is expected to drive demand for goat milk powder in the region. The U.S., with its large number of dairy farms, dominates the North American goat milk powder market, and factors like increasing goat cheese demand and the rising lactose-intolerant population in the country add to its market expansion.
The Asia-Pacific region is projected to grow at the fastest CAGR during the forecast period. The precipitating factors for this have been identified as rising health awareness, increasing disposable incomes, increasing need for infant formula in China, and westernization.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Goat Milk Powder industry?
- What are the main driving factors propelling the Goat Milk Powder Market forward?
- What are the leading companies in the Goat Milk Powder Industry?
- What segments does the Goat Milk Powder Market cover?
- How can I receive a free copy of the Goat Milk Powder Market sample report and company profiles?
|Market Size in 2021||USD 2.2 Billion|
|Projected Market Size in 2028||USD 3.32 Billion|
|CAGR Growth Rate||8.2% CAGR|
|Key Market Players||Seed + Mill, Laloo's Ice Cream, Blue Ridge Soap Shed, Goat Milk Stuff, Bend Soap Company, Mast Brothers, Zotter Chocolates, Billy Goat Stuff, Bubs Organic, Keytone Dairy Corporation Limited, Mt. Capra, Shaanxi Guanshan DairyCo. Ltd., Shaanxi RedstarMeiling Dairy Co. Ltd., CapriLac, The Good Goat Milk Company, Holle, Baiyue Dairy Group, FIT Company, Meyenberg Goat Milk Products, Goat Partners International, AVH Dairy Trade B.V., Ausnutria Diary Corporation Ltd, Dairy Goat Co-Operation (DGC), and Others|
|Key Segment||By Product Type, End-products, Distribution Channels, and Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa|
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The global goat milk powder market is segmented as follows:
By Product Type
- Skimmed Milk Powder
- Full Cream Milk Powder
- Infant & Follow-On Formula
- Dietary Supplements
By Distribution Channels
- Hypermarkets & Supermarkets
- Convenience Stores
- Specialty Stores
- Medical & Pharmacy Stores
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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- Market Size, Trends, & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Product Type, End-products, Distribution Channels, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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