goat milk products market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period. Governments across the globe have taken initiative in offering financial incentives and subsidies to many marginal farmers and businesses to enter the commercial goat farming sector, which is considered to be the key driver of the market growth. For instance, since 2019, in association with the National bank of Agriculture and Rural Development (NABARD) and other local banks, the government of India provides many loan and subsidy which varies from 25% to 35% of the total cost of goats or goat project. These government initiatives are anticipated to foster the growth of the goat milk market. However, the growing number of people adopting a vegan lifestyle is expected to hamper the growth of the global goat milk products market. 

Segmental Outlook 

The global goat milk products market is segmented based on the product type, and distribution channel. Based on the product type, the market is segmented into cheese, milk, milk powder, cream and butter, ice cream, yogurt, and others. Based on the distribution channels, the market is categorized into online channels and offline channels. Among the product type segment, the cheese sub-segment is expected to cater to a prominent market share over the forecast period owing to the increasing adoption of goat cheese in a variety of meal preparation.

The cheese category is anticipated to hold a prominent market share in the goat milk products market owing to the rapidly evolving foodservice industry and increasing adoption of goat cheese for creative meal preparations. Goat cheese is rapidly gaining traction among children and the elderly population allergic to cow's milk products. Goat cheese has a variety of beneficial fats such as short-chain and medium-chain fatty acids, unsaturated fats, and medium-chain triglycerides. It is widely used to make chevre, which is a cheese made of goat milk, popular in European and North American countries. Owing to the nutritional advantages of goat milk cheese, they are increasingly gaining popularity and manufacturers are responding to consumer demand by introducing more fresh and healthier goat milk cheese which can be used for wide meal preparation. For instance, in April 2022, LaClare Creamery, a goat cheese producer based in the US introduced Snacking Chèvre, a creamy and sweet soft goat cheese. Each snack bag contains five 1-oz. and offers 90 calories and 5 grams of protein per serving. The soft goat cheese medallions are ideal for a variety of preparations as a dip for fruit or vegetables, as a spread on crackers, bagels, or toast, as a sandwich spread; or as a melt into a pasta dish or over meats.

Regional Outlooks

The global goat milk products market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).  The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia Pacific regional market is expected to cater to a prominent growth over the forecast period. However, the North American region is projected to experience considerable growth in the Goat Milk Products market.

Global Goat Milk Products Market Growth, by Region 2022-2028

The Asia-Pacific Region is Expected to Hold a Prominent Share in the Global Goat Milk Products Market

The Asia-Pacific is expected to hold a prominent share in the global goat milk products market owing to the region’s huge population base along with the large production and consumption of goat milk across the region. According to the National Action Plan (NAP) on Goat- Department of Animal Husbandry & Dairying, India occupies the first position in terms of goat population and milk production. In addition, according to the National Center for Biotechnology Information (NCBI), Nearly 60% of the global goats are found in Asia-Pacific, with China, India, Pakistan, and Bangladesh having the highest populations. According to Food and Agricultural Organization (FAO), milk from dairy species other than cattle represents 40% of milk production in the region. Developing economies, such as India, are based on agriculture and serve as production centers for an extensive range of agricultural products. Owing to such a high population of goats and large goat milk production, Asia-Pacific is anticipated to register increasing demand for goat milk items in the coming years.

Market Players Outlook

The major companies serving the global goat milk products market includeGood Goat Milk Co., Atalanta Corp., Redwood Hill Farm & Creamery, Inc., Saputo Inc., St Helen’s Farm Ltd, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2020, Delamere Dairy launched Goat’s Milk Powder in response to consumer demand for store cupboard alternatives during the COVID pandemic. The product, which is offered in a 400g box, makes up to 3.8 litres of goat’s milk once it is stirred into warm water and has a shelf-life of up to four weeks.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global goat milk products market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.