Global Goat Milk Products Market – Focused Insights 2024-2029

MARKET INSIGHTS

In 2023, the global market for goat milk products was valued at USD 13.01 billion and is anticipated to reach USD 20.75 billion by 2029, with a CAGR of 8.09% throughout the forecast period. The significant growth of the market can be attributed to the increasing popularity of goat cheese, a rise in the demand for goat milk infant formulas, advancements in technology, greater government support for goat farming, and superior nutritional advantages compared with other milk types. Goat cheese, yogurt, and ice cream are gaining traction as consumers pursue high-quality, specialty, unique, and premium food offerings, thereby contributing to market expansion. The demand for products emphasizing nutritional and health benefits is on the rise, and goat milk is recognized for its health advantages, such as enhanced nutrient content, better digestion, and fewer allergies in comparison to cow milk. This recognition has propelled the global demand for goat milk products.

MARKET TRENDS & DRIVERS

Increasing Demand for Goat Milk Infant Formula

The demand for goat milk infant formula is experiencing significant growth in the global market, driven by various factors such as perceived health advantages, nutritional value, lower allergenic potential, and increased awareness of the benefits associated with goat milk. This infant formula, primarily made from fresh goat milk, serves to nourish babies and infants. Also referred to as goat milk formula, it is derived from goat milk powder. Infant formula is categorized as food designed for special dietary use, with the aim of simulating human milk or serving as a complete or partial substitute for it. Goat milk powder is utilized by many manufacturers of newborn milk formula, which contributes to the market's expansion.

Enhanced Nutritional Benefits Compared to Other Milk Varieties

The superior nutritional benefits of goat milk relative to other dairy options serve as a major driving force in the global goat milk products market. Key benefits include easier digestion, nutrient density, and lower allergenic potential. Goat milk offers a higher amount of digestible protein per serving than cow, soy, or nut milk. Furthermore, the protein in goat milk is easier for the body to digest, ensuring efficient utilization within the consumer’s system. Goat milk also surpasses almond or rice milk in protein content. It is also less likely to trigger milk allergies. Goat milk may assist individuals with elevated blood cholesterol in managing their levels since it aids in lowering cholesterol in the arteries and gallbladder, thereby making it more manageable for those with high cholesterol issues. Goat milk is the most widely consumed type of dairy worldwide.

INDUSTRY RESTRAINTS

Increasing Accessibility of Non-Dairy Milk or Plant-Based Alternatives

The increasing availability of non-dairy and plant-based products poses a significant challenge for the global goat milk market. This situation arises from various elements, such as heightened competition, health and environmental concerns, shifts in consumer preferences, and innovations in plant-based products. Options like almond, soy, and oat milk are becoming more widely accessible, which intensifies the competition for consumers' attention and shelf space. More consumers are adopting flexitarian or vegan diets, leading them to prefer plant-based alternatives. Given the health advantages of these products—such as lower saturated fat and reduced cholesterol—consumers are gravitating toward them. The rapid advancements in the plant-based product sector aim to replicate the taste and texture of dairy, which could impede the growth of goat milk products during the forecast period.

GLOBAL GOAT MILK PRODUCTS MARKET INSIGHTS

• By Product: The cheese category holds the largest global goat milk products market share, surpassing 44%. There is increasing awareness of goat cheese in the global market. Compared to cow's milk cheeses, goat cheeses typically have less fat and higher levels of vitamin A and potassium. Furthermore, goat cheese is acknowledged for its anti-inflammatory properties and for offering healthy fats, making it an excellent alternative for many who are watching their diets. Within the cheese segment, Chevre cheese claims the largest market share. The global demand for chevre cheese is driven by various factors, including its expanding culinary uses, growing popularity of goat milk products, emphasis on health and wellness, and heightened awareness and availability.
• By Consumer: The adult demographic holds the largest share of the market for goat milk products worldwide. Several factors contribute to the rising demand for goat milk among adults, including heightened health awareness, a growing need for vitamins and proteins, increasing interest in premium cheese, and a preference for goat milk over cow's milk. Adults are increasingly drawn to goat milk due to its protein and vitamin content. Many elderly individuals and their caregivers are particularly attentive to their dietary needs. Age-related changes can make it harder to obtain and absorb adequate nutrition, and goat dairy products provide qualities that can combat these challenges and reduce malnutrition risk in older adults. Being a good source of vitamin A, goat milk can also play a role in lowering the risk of cataracts and some cancer types in adults, thus supporting growth in this segment.
• By Distribution Channel: When examining distribution channels, the "other" segments exhibit substantial growth, with the global goat milk products market experiencing the fastest-growing CAGR of 9.17% during the forecast period. This category of distribution channels includes grocery stores, wholesalers, dealers, and other outlets. Grocery stores are essential in this market, providing consumers with convenient access to goat milk products. These local shops are also a significant distribution source for sellers within the market. In emerging countries and economies, consumers often prefer to purchase products from these small retail shops rather than traveling to larger supermarkets and hypermarkets because of their convenience and accessibility. Grocery stores are increasing their offerings of goat milk products, including various cheeses, yogurts, ice creams, and more. This variety addresses the diverse needs and preferences of consumers. As consumers become increasingly focused on healthier food options that offer enhanced nutritional benefits, the demand for goat milk products from this distribution channel is expected to grow during the forecast period.

GEOGRAPHY ANALYSIS

Europe holds the largest share of over 31% of the global goat milk products market. Within Europe, France boasts the most efficiently structured goat milk market globally. Germany and France dominate the European goat cheese sector. In Europe, a significant portion of goat milk is converted into cheese by large dairy corporations, which operate alongside smaller local enterprises and artisanal farms. Pure goat milk cheeses are primarily produced in France, while Spain and Greece specialize in mixed cheeses combining cow and sheep milk. Aside from cheese, there has been a notable rise in demand for pasteurized goat milk for direct consumption and powdered goat milk for infant formulas. The organic dairy sector is growing in Europe, prompting goat farmers to diversify their offerings to include various cheeses, types of milk, and yogurt.

COMPETITIVE LANDSCAPE

The report on the global goat milk products market includes unique data on 39 vendors. The market is fragmented, with suppliers competing based on product quality, innovative developments, and competitive pricing. The competitive landscape within the global goat milk products market is fluid, featuring a combination of both global and local players providing a wide array of products. New entrants encounter significant barriers due to substantial capital requirements and rapid technological advancements. To gain a larger market share, many companies are expected to expand their global presence during the projected period, especially in the rapidly growing APAC nations. Aspects such as price, availability, nutrition, organic and natural certifications, and non-GMO status are significant competitive factors. Leading companies include Ausnutria Dairy Corporation Ltd, Dairy Goat Co-operation, Darey Brands, Inc., Emmi Group, FIT Company, Goat Partners International, Holle Baby Food AG, Stickney Hill Dairy Inc., The Kraft Heinz Company, and Xi'an Baiyue Goat Dairy Group Co. Ltd.