The global goat milk market grew at a CAGR of around 4% during 2014-2019. Goat milk is highly nutritious as it contains a rich amount of essential vitamins and minerals, including potassium, iron, and calcium. It helps in lowering blood pressure levels, enhancing metabolism, maintaining good heart health, improving neural functioning, and increasing the growth of beneficial gut bacteria. Furthermore, regular consumption of goat milk helps in improving the blood platelet count during viral diseases, such as dengue. It also helps in treating anemia, asthma, eczema, magnesium deficiency diseases, digestive ailments, and skin disorders. Goat milk products available in the market include pasteurized milk, yogurt, cheese, milk powder, infant formula, etc.
The rising consumer health concerns towards the high prevalence of lifestyle diseases, such as cardiovascular disorders, hypertension, diabetes, obesity, etc., are driving the consumption of goat milk products. The growing geriatric population who are more prone to bone-related medical ailments is further bolstering the market growth. Moreover, the increasing awareness towards several benefits of goat milk is also driving its demand, particularly among the health-conscious consumers. The rising inclination of lactose-intolerant individuals towards goat milk due to its lower lactose levels is further catalyzing the market. The launch of value-added products such as flavored milk varieties with low-sugar and fat-free content is also fueling the market growth. Goat milk-based infant formulas are also gaining traction due to their high nutritional content which prevents neurodevelopment disorders in children. Moreover, the increasing demand for goat milk in the personal care sector for manufacturing soaps, creams, and lotions, is also catalyzing the market. The demand of goat milk has also been augmented by the COVID-19 pandemic in early 2020. The pandemic has resulted in a rising consumption of goat milk due to its immunity-boosting benefits. Looking forward, IMARC Group expects the global goat milk market to continue growing steadily during the next five years.
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The competitive landscape of the industry has also been examined with some of the key players being Ausnutria Dairy Corporation Ltd., AVH Dairy Trade B.V., Goat Partners International, Granarolo S.p.A., Meyenberg, Redwood Hill Farm & Creamery, St Helen's Farm, Stickney Hill Dairy Inc, Woolwich Dairy Inc. and Xi'an Baiyue Goat Dairy Group Co.Ltd. (Baiyue).
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