19-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Goat Milk Infant Formula Market By Age Group (0-6 months, 6-12 months, and 1-3 years), By Distribution Channel (Supermarkets/Hypermarkets, Retail Stores, Online Selling, and Others (Convenience Store, Specialty Stores, Medical & Pharmacy Store)): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Goat Milk Infant Formula market in 2019 was approximately USD 4,000 million. The market is expected to grow at a CAGR of 8.5% and is anticipated to reach around USD 6,500 million by 2026.
Goat milk formula is produced using goat milk. Worldwide several research studies have been conducted to assess the safety & efficacy of goat milk infant formula. It is considered as an emergency substitute for breastfeeding. However, it is essential to consult a physician or nutritionist before using goat milk infant formula as a replacement for breastfeeding. Commercially available products of goat milk infant formula contain different ingredients according to regions to comply with local legislation. This infant formula is less likely to cause allergies in babies than cow milk infant formula. These are produced to the same nutritional standards as cow milk infant formula. Goat milk infant formula contains a higher level of vitamin A compared to cow milk, which gives the more whitish color. Additionally, it also provides an adequate amount of thiamin, niacin, pantothenate, and riboflavin. However, the bioavailability of folic acid in goat’s milk is lower than cow milk, so it must be fortified with folic acids for infant feeding to prevent them from getting anemia.
Browse the full “Goat Milk Infant Formula Market By Age Group (0-6 months, 6-12 months, and 1-3 years), By Distribution Channel (Supermarkets/Hypermarkets, Retail Stores, Online Selling, and Others (Convenience Store, Specialty Stores, Medical & Pharmacy Store)): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/goat-milk-infant-formula-market-by-age-group-825
Increasing consumer awareness regarding the importance of goat milk is driving its application in infant formula development. Presently the market represents only a few top-quality infant formulas of goat milk which include Sammy’s Milk, Kabrita USA, NannyCare, and Holle Goat. It is highly recommended to the children who don’t tolerate cow’s milk. Online distribution and easy availability at grocery malls are driving the revenue growth of the market.
The age group segmentation of the goat milk infant formula market comprises 0-6 months, 6-12 months, and 1-3 years segments. 0-6 months is the initial period of rapid growth after birth. In this group, infant formula is preferred only if breast milk is not available. The segment accounted for 38% of the market share of the total revenue generated in 2018. Infant formula during 1-3 years age support good brain and eye health. They also improve the physical development of babies and their energy levels. Additionally, it boosts the natural defense of the body and supports healthier physical growth over time.
The distribution channel segments of the goat milk infant formula market comprise Supermarkets/Hypermarkets, Retail Stores, Online Selling, and Others (Convenience Store, Specialty Stores, Medical & Pharmacy Store); wherein online selling segment gained prominent revenue market share in 2019. The segment is also expected to record the highest CAGR of 8.5% during 2019-2026. The high disposable income and increasing digitization are increasing the engagement of consumers in online sales channels. The trend of online shopping is estimated to have a positive impact on market growth in the coming years.
By geographical segments, the European market is identified as a major contributor to the worldwide market size in terms of revenue. The Asia Pacific is expected to emerge as a potential market during market forecast owing to changing consumer behavior and increasing the influence of western culture on the food consumption patterns. Other regions studied in the report are Latin America, North America, and the Middle East and Africa.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 4,000 Million |
Projected Market Size in 2026 |
USD 6,500 Million |
CAGR Growth Rate |
8.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Herrenknecht, Komatsu, Kawasaki, Jim Technology Corporation, SELI, Tianye Tolian, Hitachi Zosen Corporation, Northern Heavy Industries Group Co., Ltd., and Shanghai Tunnel Engineering Co., Ltd, and Others |
Key Segment |
By Age, Distribution, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Herrenknecht, Komatsu, Kawasaki, Jim Technology Corporation, SELI, Tianye Tolian, Hitachi Zosen Corporation, Northern Heavy Industries Group Co., Ltd., and Shanghai Tunnel Engineering Co., Ltd. The key companies operating in the market are actively developing innovative products, to offer quality and comprehensive solutions to consumers.
This report segments the Goat Milk Infant Formula Market as follows:
By Age Group Segmentation Analysis
- 0-6 Months
- 6-12 Months
- 1-3 Years
By Distribution Channel Segmentation Analysis
- Supermarkets/Hypermarkets
- Retail Stores
- Online Selling
- Others (Convenience Store, Specialty Stores, Medical & Pharmacy Store)
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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