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The global goat milk market reached a value of US$ 9.2 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 11.5 Billion in 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global goat milk market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on sector, product type and distribution channel.
Breakup by Sector:
Breakup by Product Type:
Breakup by Distribution Channel:
Breakup by Region:
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).
|Base Year of the Analysis||2020|
|Segment Coverage||Sector, Product Type, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Netherlands, Russia, China, Japan, India, Australia, Indonesia, Brazil, Mexico, Turkey, South Africa|
|Companies Covered||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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The global goat milk market was valued at US$ 9.2 Billion in 2020.
The increasing consumer awareness pertaining to numerous health benefits associated with goat milk in lowering blood pressure levels, enhancing metabolism, increasing the growth of beneficial gut bacteria, etc., is currently catalyzing the global goat milk market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of goat milk.
Based on the product type, the global goat milk market can be segmented into liquid milk, cheese, milk powder, and others. Currently, liquid milk holds the majority of the total market share.
Based on the distribution channel, the global goat milk market can be categorized into supermarkets and hypermarkets, specialty stores, convenience stores, online sales, and others. Among these, specialty stores account for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global goat milk market include 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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