Australia Goat Milk Product Market Research Report, 2028

Australia Goat Milk Product Market Research Report, 2028

Actual Market Research 31-07-2023 62 Pages Figures : 5 Tables : 16 Region : Asia-Pacific Country : Australia Category : Food & Beverages Beverages

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Australia has a significant goat milk industry, with farms located across various regions of the country. The major goat milk-producing states include Victoria, New South Wales, and Queensland. These regions have favorable climatic conditions for raising goats, allowing for year-round milk production. Goat milk products are integrated into Australian cuisine in various ways. Goat cheese is commonly used in salads, pizzas, and pasta dishes, adding a tangy and creamy flavor. Fresh goat milk and goat yogurt are consumed as standalone beverages, used in cooking, or incorporated into smoothies and desserts. Some goat farms in Australia offer farm visits and agri-tourism experiences, allowing visitors to learn about goat milk production firsthand. These experiences often include opportunities to interact with the goats, participate in milking sessions, and gain insights into the process of making goat milk products. Farm visits provide an educational and enjoyable experience for families, tourists, and those interested in sustainable agriculture. Australia hosts various food festivals and events that celebrate local produce, including goat milk products. These festivals provide a platform for goat milk producers to showcase their products, conduct tastings, and engage with consumers. The events often feature cooking demonstrations, cheese tastings, and opportunities to learn about the health benefits and culinary applications of goat milk products. According to the research report "Australia Goat Milk Product Market Research Report, 2028," published by Actual Market Research, the Australia Goat Milk Product market was valued at USD 85.90 Million in 2022. Increasing consumer awareness and focus on health and wellness are significant drivers of the goat milk product market in Australia. Goat milk is often perceived as a healthier alternative to cow's milk due to its lower lactose content, easier digestibility, and unique nutritional composition. Consumers seeking nutritious and functional dairy options are drawn to the potential health benefits associated with goat milk products. Goat milk products offer a unique flavor profile that appeals to culinary enthusiasts and consumers seeking diverse taste experiences. The tangy, slightly sweet flavor of goat milk and its derivatives adds a distinctive element to various dishes and culinary creations. As consumers embrace culinary exploration and seek out unique flavors, the demand for goat milk products increases. Continued research and development (R&D) efforts in the goat milk industry have led to product innovations and improvements. This includes the development of new goat milk-based products, such as flavored goat milk beverages, goat milk infant formula, and functional dairy products fortified with additional nutrients. Product innovation drives consumer interest and expands the market. There is a growing interest in culinary exploration and experimentation among consumers in Australia. Goat milk products, such as goat cheese and goat milk-based desserts, offer unique and versatile flavor profiles that cater to this culinary interest. Consumers are willing to try new and innovative recipes that incorporate goat milk products, contributing to market growth. Goat cheese has a distinctive and appealing taste that sets it apart from cow's milk cheese. Its earthy, tangy, and sometimes nutty flavor appeals to consumers seeking diverse and exciting culinary experiences. Goat cheese is highly versatile and can be used in various culinary applications. It complements both savory and sweet dishes, making it a popular choice for chefs, home cooks, and food enthusiasts. Goat cheese is often associated with gourmet and artisanal food products. Its production process, which involves smaller-scale and traditional methods, contributes to its premium image. Cheese appreciation events and food festivals provide opportunities for consumers to discover and explore different types of goat cheese, fostering interest and demand. The "Others" segment, which includes products like goat milk ice cream and cajeta (a type of caramel sauce made from goat's milk), was expected to have the highest CAGR during the forecast period. Goat milk-based ice cream offers a novel and unique flavor profile compared to traditional cow's milk ice cream. It appeals to consumers seeking new and exciting taste experiences. Goat milk ice cream is perceived as a healthier frozen dessert choice due to its lower lactose content and different fat and protein composition compared to cow's milk ice cream. Health-conscious consumers are drawn to the nutritional benefits of goat milk products. Hypermarkets and supermarkets are the primary distribution channels for goat milk products in Australia. These large retail chains offer a wide range of dairy products, including goat milk, goat cheese, and goat milk-based beverages. Goat milk products are commonly found in the dairy section of hypermarkets and supermarkets, making them easily accessible to a broader consumer base. For instance, here are some well-known hypermarkets and supermarkets in Australia include Coles, Woolworths, Aldi, IGA, Costco, Foodland and more. In addition, Specialty stores, particularly health food stores and gourmet food shops, are important distribution channels for goat milk products in Australia. These stores focus on offering a curated selection of high-quality and niche products, including organic goat milk and artisanal goat cheeses, catering to consumers with specific dietary preferences and seeking premium products. For instance, some specialty stores in Australia that focus on health food and gourmet products include The Source Bulk Foods, About Life, Harris Farm Markets, Thomas Dux Grocer, The Cruelty-Free Shop . The Australian government encourages agricultural diversification to strengthen the overall agricultural industry. This support includes funding programs, grants, and research initiatives specifically aimed at supporting the goat milk industry. Government support facilitates the growth and development of the goat milk product market. Food Standards Australia New Zealand (FSANZ) is the statutory authority responsible for developing and maintaining food standards for Australia and New Zealand. They establish food standards and regulations, including those related to goat milk products, under the Australia New Zealand Food Standards Code (the Code). Goat milk products in Australia must comply with labeling and packaging requirements outlined by the Australian Competition and Consumer Commission (ACCC) and the Australian Consumer Law. Labels must accurately represent the product, provide essential information such as ingredients, allergen declarations, nutritional information, and country of origin, and comply with specific labeling standards. Imported goat milk products must meet import regulations and requirements set by the Department of Agriculture, Water, and the Environment. Imported products are subject to inspection and testing to ensure compliance with Australian food safety standards and regulations. Considered in this report • Geography: Australia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Australia Goat Milk product market with its value and forecast along with its segments • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type • Goat Cheese (Fresh Goat Cheese, Aged Goat Cheese, Flavored Goat Cheese, Others) • Goat Milk Powder (Skimmed milk Powder, Full Cream Milk Powder) • Goat Yogurt (Set-style Yogurt, Swiss-style Yogurt) • Butter • Others (ice cream, cajeta) By Form • Liquid • Solid By Distribution • Hypermarket & Supermarket • Convenience Stores • Specialty Stores • Online • Others (Pharmacy Store, B2B) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Goat Milk Product industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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