16-May-2022 | Facts and Factors
According to Facts and Factors, the global goat milk powder market was valued at USD 2.2 billion in 2021 and is predicted to increase at a CAGR of 8.2% to USD 3.32 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
Goat milk powder is dehydrated goat milk in powder form. Goat milk powder is used in several applications, including yogurt and cheese making, infant formulas, chocolates, ice cream, etc. The benefits of goat milk powder can be linked directly to the benefits of goat milk, which contains essential nutrients and vitamins & minerals such as Vitamin A, B, D, potassium, iron, protein, etc. Health benefits of goat milk include boosting immunity, lowering blood pressure, improved metabolism, improved cardiovascular health, better bone health, and improved digestion. Furthermore, goat milk and its products help with increasing blood platelets in dengue patients and help with magnesium deficiency, anemia, and asthma.
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
The global market for goat milk powder is driven by its numerous health benefits and nutritional value, as the populations become more aware of their health and fitness and make healthier choices. Also, goat milk powder finds its use in baby formulas since it is easily digestible by babies. The demand for goat milk powder as the baby formula is increasing due to a rise in the infant population and the bottle-feeding trend. Market opportunities in the global goat powder milk have been identified as e-commerce channels, which are fast-growing due to being less money intensive and time-saving. Additionally, governments worldwide have been offering financial incentives to farmers and businesses to enter commercial goat farming. The market restraints include the high cost of goat milk and the growing vegan population giving up milk and meat.
Segmental Overview
Under the Product Type segment, the skimmed milk powder category held the largest market share of the global goat milk powder in 2021. The driving force behind this has been identified as rising concerns over health issues like heart diseases, obesity, diabetes, etc, and changing food habits and lifestyles to prevent these conditions. The segment is expected to grow steadily during the forecast period as the purchasing power of health-conscious populations rises.
The distribution channel segment of the global goat milk powder market was dominated by hypermarkets and supermarkets category in 2021, owing to the easy availability of different goat milk powder products under a single roof.
Regional Overview
In terms of region, North America has the largest share of the goat milk powder market during the forecast period. Demand for goat milk powder is expected to increase due to the increasing demand for dairy foods and products. The United States has many dairy farms and, therefore, dominates the North American market for goat milk powder. This market is propelled by rising demand for goat cheese and an increasing lactose intolerance population in the country. Asia-Pacific has been identified as the region having the highest growth rate during the forecast. Westernization, growing health awareness coupled with increasing disposable incomes, and increasing need for infant formula in China are projected to drive the market in the region during the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 2.2 Billion |
Projected Market Size in 2028 |
USD 3.32 Billion |
CAGR Growth Rate |
8.2% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
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 |
Purchase Options |
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Competitive Landscape
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. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
List of Key Players in the Global Goat Milk Powder Market:
- 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.
- 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)
The global goat milk powder market is segmented as follows;
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
By Regional Segment Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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