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Milky Way Delights: A comprehensive analysis of the booming goat milk industry, including trends, growth opportunities, health benefits, and sustainable practices tends the market to cross USD 18.93 Billion in size by 2028.
Jul, 31
2023

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Milky Way Delights: A comprehensive analysis of the booming goat milk industry, including trends, growth opportunities, health benefits, and sustainable practices tends the market to cross USD 18.93 Billion in size by 2028.

 

Goat milk has numerous health benefits and is superior to milk from other animals. Goat milk is used to make milk powder, cheese, and other items. In comparison to cattle milk, goat milk products contain more lipids, calcium, iron, protein, vitamins, and other critical minerals. Furthermore, it promotes platelet count in the blood during dengue and other viral infections. It also helps keep teeth and bones healthy due to its high calcium content. The goat milk products market is expected to expand during the forecast period due to increased milk and milk product consumption as well as rising health concerns. Furthermore, goat milk renders nutritional advantages such as building strong bones and immunity improvement that promote the global goat milk products market's growth. Moreover, goat milk is easily digestible, and various additional health benefits contribute to the growth of the goat milk products industry. Technological advancements in dairy processing equipment have helped improve the quality and shelf life of goat milk products, resulting in increased market growth for goat milk products. Goat rearing has a large national economic influence on rural areas in most countries. When compared to other livestock species, goat farming provides great socioeconomic benefits to small-scale farmers. The goat is the most promising meat-producing animal that takes up the least amount of area. Goats may also survive in extreme climates and in areas with limited vegetation. In addition to meat, they offer premium milk, dung, and hide.

According to the research report "Global Goat Milk Product Market Research Report, 2028," published by Actual Market Research, the global Goat Milk Product market is anticipated to cross USD 18.93 Billion in size by 2028, increasing from USD 12.50 Billion in 2022. The market is projected to grow at a 7.31% CAGR by 2023–28. The prevalence of lactose intolerance and dairy allergies is driving the demand for dairy alternatives, including goat milk products. Goat milk has lower lactose content than cow milk, making it a suitable option for individuals with lactose intolerance. Additionally, goat milk is perceived to be less allergenic than cow milk, making it a viable option for those with dairy allergies. Goat milk products serve as a valuable source of protein and nutrition for vegetarian and vegan consumers who include dairy in their diets. Goat milk is perceived as a more ethical and sustainable choice than cow milk, aligning with the values of these consumer groups. Ongoing investment in research and development (R&D) and technological advancements have improved the production efficiency and product quality of goat milk offerings. Innovations in processing, packaging, and distribution benefit both producers and consumers. Goat milk-based frozen desserts, including ice cream and gelato, were gaining traction as a dairy-free indulgence option. These desserts appealed to lactose-intolerant individuals and those seeking a creamy and flavorful alternative. Some manufacturers were combining goat milk with plant-based milks, such as almond or oat milk, to create hybrid products. These blends offered a balance of flavors and nutritional benefits, catering to consumers looking for novel dairy alternatives.

By product, the market is classified into Goat Cheese, Goat Milk Powder, Goat Yogurt, Butter, Others (ice cream, cajeta). In 2022, Goat Cheese was the leading segment in the global market. Demand for goat-derived cheese is likely to rise as customers enjoy its flavour and soft texture. The bigger fat molecules in goat milk's analogues make it harder to digest than goat cheese. This is a significant extra component in the preference for goat-derived items over other things. Children and the elderly find it especially tempting due to their sensitivity to allergic reactions to cow's milk products. Furthermore, goat milk cheese contains a variety of beneficial fats, including fatty acids, medium-chain triglycerides, and short- and medium-chain unsaturated fats. The cheese also contains high-quality, easily absorbed protein that contains the bulk of the necessary amino acids required by the human body.

In addition, Goat yogurt is known for its health benefits and easier digestibility compared to cow yogurt. It contains lower levels of lactose, making it a suitable option for individuals with lactose intolerance. Additionally, goat yogurt contains essential nutrients such as vitamins, minerals, and probiotics, contributing to its reputation as a nutritious and gut-friendly food. Goat yogurt naturally contains probiotics, which are beneficial bacteria that support gut health. Probiotics are known for their role in promoting digestive health and boosting the immune system, making goat yogurt an attractive option for consumers seeking functional foods. Goat yogurt naturally contains probiotics, which are beneficial bacteria that support gut health. Probiotics are known for their role in promoting digestive health and boosting the immune system, making goat yogurt an attractive option for consumers seeking functional foods.

On the basis of distribution channel, the market is categorized into hypermarkets & supermarket, convenience store, specialty stores, online and Others (Pharmacy Store, B2B). Hypermarkets and supermarkets have extensive retail networks that span multiple regions and countries. Their widespread presence allows them to reach a vast customer base, ensuring accessibility to goat milk products for consumers in urban and rural areas alike. Consumers appreciate the convenience of finding all their grocery needs under one roof at hypermarkets and supermarkets. This one-stop shopping experience encourages consumers to explore and try different goat milk products during their regular grocery trips. Hypermarkets and supermarkets allow consumers to buy goat milk products in larger quantities, making them suitable for families or bulk purchasers. These appeals to consumers looking for cost-effective options and those who prefer to stock up on their favorite products. For instance, some well-known hypermarkets and supermarket chains that are prominent players include Walmart, Carrefour, Tesco, Costco Wholesale, Aldi, Lidl, Kroger, Metro AG, Auchan, Aeon Co., Ltd.

The global rise of e-commerce platforms and online grocery shopping has significantly expanded the reach of goat milk products to consumers worldwide. The convenience and accessibility of online shopping allow consumers to purchase a wide variety of goat milk products from the comfort of their homes. Online platforms enable cross-border trade, allowing consumers to access goat milk products from various regions and countries. This globalization of markets offers consumers a chance to try authentic and unique goat milk products that may not be available locally. For instance, some well-known online platforms that are prominent players in the e-commerce include Amazon, Alibaba, JD, Walmart, Tesco Online, Carrefour Online, MercadoLibre, FreshDirect, Instacart, Grofers, BigBasket, Ocado.

Based on form, Liquid goat milk offers the convenience of immediate consumption without the need for further processing. Consumers can enjoy fresh goat milk directly, making it a quick and easy source of nutrition. Liquid goat milk's versatility makes it suitable for various culinary applications. It can be used in cooking, baking, coffee and tea beverages, smoothies, and as a milk replacement in recipes. Liquid goat milk, especially in single-serve formats, caters to the on-the-go lifestyle of modern consumers. Individuals can conveniently grab a bottle of liquid goat milk as a nutritious drink while commuting or during busy days. Liquid goat milk typically has a shorter shelf life compared to processed dairy products like cheese or yogurt. However, advancements in packaging technology, such as aseptic packaging and refrigerated distribution, have extended the shelf life of liquid goat milk, making it more attractive to consumers seeking longer-lasting freshness. While the liquid segment currently holds a larger market share, the solid segment is expected to witness a higher CAGR during the forecast period.

Asia-Pacific is the largest market for goat milk products. The increased consumption of goat milk products in Asia Pacific can be linked to the region's high population, which is bolstered by the rising income level of consumers. In some countries, dairy festivals and celebrations highlight the significance of goat milk and dairy products. These festivals provide an opportunity to showcase local dairy products and promote traditional farming practises. In addition to Ayurveda and other traditional medicine systems, goat milk may be used in local healing practises, herbal remedies, and alternative therapies in certain Asian communities. In addition, Goats hold cultural symbolism and are often associated with resilience, sustenance, and livelihood in Middle Eastern and African cultures. Goat milk is used to make various traditional Middle Eastern and African cheeses, including feta, halloumi, and akkawi. These cheeses are integral to local culinary traditions. Goat milk is used to prepare various goat milk-based beverages, such as "lassi" in some African countries, which is a yoghurt-based drink.

India has one of the largest goat populations in the world. According to the Food and Agriculture Organization (FAO), India had an estimated 151 million goats in 2020. This abundant goat population provides a strong foundation for goat milk production and related products. Ayurveda, the traditional Indian system of medicine, recognizes the nutritional and medicinal properties of goat milk. Ayurvedic texts mention the health benefits of goat milk, and it is often recommended for certain health conditions. This recognition contributes to the demand for goat milk products in the country. India is known for its diverse goat breeds, each with its unique characteristics and milk composition. Breeds like the Jamunapari, Beetal, Sirohi, and Osmanabadi are well-regarded for their milk production potential. These indigenous breeds contribute to the availability of raw goat milk for the local market. India has a well-established dairy industry with cooperatives such as Amul and institutions like the National Dairy Development Board (NDDB) playing a significant role. While these entities primarily focus on cow milk production, they have also started promoting and supporting the production and marketing of goat milk products.

Recent Developments:
• July 2022: Canada Royal Milk (CRM) announced a strategic alliance with Producteurs de lait de chevre du Quebec (PLCQ) and the Ontario Goat Dairy Cooperative (ODGC), which together represented about 120 goat dairy farms.
• November 2020: A cheese manufacturer named Atlanta Wahi debuted its distinctive cheddar cheese under the Table One brand. This product is made in Canada using goat milk.
• September 2020: Goat milk soaps were introduced by Aadvik Foods in two energizing flavors: tuberose and one each of orange and lemon. These products contain potent oils that combat insomnia, anxiety, and dead skin cells while enhancing general health. The company can expand its product line with the aid of this launch.