Boom in demand for goat dairy products. The industry is

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Chicago, March 02, 2022 (GLOBE NEWSWIRE) — According to the recent Arizton Research report, the goat dairy market is expected to grow at a CAGR of 7.77% during the period 2022-2027. In 2021, goat cheese was the leading segment and contributed the highest turnover.

The United States is the fastest growing goat cheese market, and new product launches with creative flavors and tastes are the main drivers. Additionally, continued mergers and acquisitions in the market will help vendors tap into the market. For example, Saputo, one of Canada’s largest dairy companies, purchased Woolwich Dairy in October 2015 and now sells goat cheese in various forms, including logs, buckets and crumbs, through its cheese division in the United States.

Goat milk products Marlet Report scope

Report attribute Details
Market size (revenue) $17.95 billion
CAGR (Revenue) 7.77%
base year 2021
Forecast period 2022-2027
The biggest market Europe
fastest market APAC
Market segments Product Type, Milk Powder, Packaged Milk, UHT Milk, Application and Geographic Distribution
Geographical analysis Europe, North America, APAC, Latin America, Middle East and Africa
Countries covered Germany, France, United Kingdom, Spain, Netherlands, United States, Canada, China, South Korea, Australia and New Zealand, India, Brazil, Argentina, Mexico, GCC Turkey and South Africa

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Main highlights offered Inot youhe brings back :

  • With the growing demand for goat milk products in various countries, such as the United States, China, France, and Germany, several major companies are expanding their consumer base and developing a unique position in the market through to acquisitions.
  • The United States Food and Drug Administration (FDA) regulates the production, processing, and marketing of goat’s milk in the United States. Grade according to the Pasteurized Milk Ordinance (PMO) contains the FDA standards for the manufacture of goat milk. According to the ordinance, the somatic cell count (SCC) standard for goat’s milk must be 1 million per 0.033 ounce.
  • Goat milk is widely consumed due to its exceptional nutritional and physiological benefits. Goat dairy products such as goat cheese and yogurt are mainly produced and consumed around the world. Minerals such as protein, calcium, magnesium, phosphorus and vitamins are abundantly present in goat’s milk.
  • APAC is expected to overtake Europe in 2027, making it the largest goat dairy market in the world. With a CAGR of 10.08%, the APAC market is expected to grow at the fastest rate throughout the forecast period and will generate revenue of USD 2.54 billion by 2027.
  • In 2021, Europe accounted for the largest revenue share of 31.44% in the global market, followed by North America with 30.29%

Key offers:

  • Market Size and Forecast by Revenue | 2021−2027
  • Market Dynamics – Key Trends, Growth Drivers, Restraints and Investment Opportunities
  • Market segmentation – A detailed analysis by product type, milk powder, packaged milk, UHT milk, application and geographical distribution
  • Competitive Landscape – 7 key vendors and 16 other significant vendors are profiled in the report

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Goat milk product Marlet Trends and opportunities

The power of digital and social media is being harnessed by various vendors to enhance the customer experience of their customers. Also, the ease of shopping online and the substantial discounts on online shopping have encouraged many people to buy goat milk products online. Online retailing of different products including goat milk products is gaining popularity as it is a quick and cost effective method to source the required products. Additionally, governments around the world are providing financial incentives to many marginal farmers and entrepreneurs to engage in commercial goat farming, due to the growing demand for goat milk and meat. Therefore, the current trend of goat milk products is gaining momentum in the global market.

Goat milk product Marlet Segmentation

  • Goat’s milk has played a vital role in the economic well-being of emerging countries in the Mediterranean, Middle Eastern and Eastern European regions that specialize in cheeses and other dairy products. In 2021, the goat cheese segment represented a turnover of almost 44.50% in the global market for goat milk products.
  • Goat milk powder is mainly exported from New Zealand, the Netherlands, France and Germany. One of the main selling points of goat milk brands is the fortification of milk powder. Almost all powdered goat’s milk in Taiwan is fortified. Growing need for infant and follow-on formula in China is driving demand for goat milk powder products in Asia Pacific.
  • Mt. Capra, the Good Goat Milk Company, Delamere and Meyenberg are some of the world’s largest producers of packaged goat milk. In addition, many local players bottle and sell goat’s milk, due to strong global market demand.
  • With a high rate of digitalization and adoption of technology across all regions, leading suppliers of goat milk products are taking advantage of this opportunity to advertise and sell their products through the online distribution channel. Although online sales represent only a small part of the overall market revenue, there has been a significant increase in online product sales, which is expected to continue in the coming years due to increasing digital transformation.

Segmentation by product type

  • Cheese
    • Goat
    • Mozzarella
    • Cheddar
    • Feta cheese
    • Others
  • Powdered milk
  • packaged milk
  • UHT milk
  • Others

Segmentation by application

Segmentation by distribution channel

  • Super Markets & Hypermarkets
  • convenience stores
  • Specialty stores
  • Medical and pharmaceutical stores
  • In line
  • Others

Segmentation by geography

  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Netherlands
  • North America
  • APAC
    • China
    • South Korea
    • Australia and New Zealand
    • India
  • Latin America
  • Middle East and Africa

Key factors and Trends Fueling Market Growth:

  • Growing number of health-conscious consumers
  • Growing demand from emerging economies
  • The internet largely shapes the buying behavior of end users
  • Increase in government subsidies for raising goats
  • Superior nutritional benefits compared to other milk varieties

Goat milk products Marlet – competitive landscape

The goat dairy market is highly fragmented with vendors competing on the basis of product quality, innovative product development, and competitive pricing. Arizton believes that the market is approaching saturation and that foreign companies would try to grow inorganically by buying the best players to expand their product offerings and geographic reach. Several players are expected to expand their global presence throughout the forecast period, especially in the rapidly developing countries of APAC, to capture a larger market share. Companies have to spend a lot of time and resources to develop and launch new and original goat dairy products that meet consumer demands. Additionally, consumers are willing to pay more for genuine, high-quality goat milk products. So, in the coming years, players should focus on launching natural and organic goat milk products.

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KEY SUPPLIERS

  • Dairy goat cooperation
  • Stickney Hill
  • Meyenberg goat milk products
  • FIT Company
  • Baiyue Group
  • Goat Partners International
  • Lactalis Group

OTHER MAJOR SUPPLIERS

  • Ausnutria Dairy Corporation Ltd
  • AVH Dairy Trade BV
  • Delamere Dairy
  • Granarolo Group
  • Hay dairies
  • Kavli
  • Summerhill Goat Dairy
  • Vitagermine
  • Hollé
  • Shaanxi Huaenbao Dairy Co Ltd
  • Woolwich Dairy
  • Redwood Hill Farm and Creamery
  • The Good Goat Milk Company
  • Cherry Glen Goat Cheese Company.
  • Lacteos Caprinos S.A.
  • Toggs

Explore our consumer goods and retail technology profile to learn more about the industry.

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