Goat Milk Market Outlook - 2026
The global goat milk market size was valued at $8.5 billion in 2018, and is expected to reach $11.4 billion by 2026, growing at a CAGR of 3.8% from 2019 to 2026. Goat milk is a white, opaque liquid with a slightly sweet taste and no odor. This milk is generally utilized for direct consumption as well as to produce infant formula.
Goat milk comes with a lot of health benefits. From the total quantity of goat milk produced, the majority share is utilized for direct consumption, followed by production of cheese, milk powder, and other products. It is the rich source of protein, calcium, fats, vitamins, iron, and other essential nutrients as compared to cattle milk. It helps to improve platelet count in the blood during dengue and other viral diseases. Moreover, due to its high calcium content, it helps keep bones and teeth stronger. It is a best source of energy for growing baby.
In the recent years, increase in the number of health-conscious people is expected to drive the growth of the global market. There is an increase in the demand for goat milk in all regions because it has similar nutritional properties like human milk, which boosts the global goat milk market growth. In addition, the market growth is driven by health benefits of goat milk. This milk is easy to digest for infants and is rich in fatty acids and calcium. It also contains low level of cholesterol. In addition, government has taken initiative for the growth of the dairy industry by providing the various schemes and subsidy to the dairy farms. Government of India provides 25%-30% subsidy on the total cost of the goat farm similarly, European government also provides allowances of about 80 European Currency Unit (ECU) for half/full year for the landscape maintenance of goat farms, which is expected to fuel the growth of the global market. However, the cost of the goat milk and its products is much higher as compared to the cattle milk and plant-based milk. Moreover, increase in the number of consumers which are following the vegan lifestyle is expected to hamper the growth of the global market. Technological innovation in dairy processing equipment has helped in increasing shelf life as well as quality of goat milk products, thus boosting the global market growth.
The global market is segmented on the basis of product, distribution channel, and region. Depending on product, the goat milk market is classified into milk, cheese, milk powder, and others. The distribution channel segment comprises hypermarkets & supermarket, convenience store, specialty stores, medical & pharmacy store, and online. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, Russia, France, UK, Netherlands, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Indonesia, Australia, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Turkey, South Africa, UAE, and rest of LAMEA).
By product, the market is classified into milk, cheese, milk powder, and other. In 2019, milk was the leading segment in the global market, owing to direct consumption of goat milk. In addition, government of various countries are introducing various initiatives to fuel the growth of the dairy sector. For instance, the government of India offers subsidy amount from 25% to 35% of the total cost of purchase of goats, to develop the goat farm industry, which in turn fosters the growth of the goat milk market.
Milk powder segment segment would exhibit the highest CAGR of 7.40% during 2019-2026.
On the basis of distribution channel, the market is categorized into hypermarkets & supermarket, convenience store, specialty stores, medical & pharmacy store, and online. The specialty stores segment was the leading segment in the global market, owing to availability of milk as well as its products at a same store. In addition, penetration of internet has increased the online sales and increased use of goat milk to produce infant formula; thus, contributing toward the market growth.
By Distribution Channel
Online segment would exhibit the highest CAGR of 7.10% during 2019-2026.
Region wise, North America was the largest market in 2019, owing to increase in the demand for goat milk products in the region. Population growth, economic growth, and increase in export of goat milk in the international market are expected to drive the growth of the goat milk market in Asia-Pacific. The increase in use of goat milk as therapeutic health food neutraceutical and rise in demand for cheese in the fast food industry has helped increase the profitability and is expected to further boost the goat milk market growth.
Asia-Pacific segment would exhibit the highest CAGR of 5.80% during 2019-2026.
Some of the major players operating in the global goat milk industry include Ausnutria Dairy Corporation Ltd., AVH Dairy Trade B.V., Goat Partners International, Granarolo S.p.A., Meyenberg Goat Milk, Redwood Hill Farm & Creamery, St Helen’s Farm, Stickney Hill Dairy Inc., Woolwich Dairy Inc., and Xi'an Baiyue Goat Dairy Group Co.Ltd.
The other players in the global goat milk market are FIT, dairy expert, Hay Dairies Pte Ltd., The Good Goat Milk Co., Summerhill Goat Dairy, Delamere Dairy, Holle baby food AG, Cherry Glen Goat Cheese Co., Yayi International, and Dairy Goat Co-operation (DGC).
Key Benefits for Goat Milk Market:
- This report provides a quantitative analysis of the global goat milk market trends, estimations, and dynamics of the market from 2019 to 2026 to identify the prevailing goat milk market demand.
- The key countries in all the major regions are mapped based on global goat milk market share.
- Porter’s five forces of global goat milk market analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- An in-depth analysis of the global goat milk market size helps to determine the prevailing market opportunities.
- The global goat milk market forecast is provided along with the information related to key drivers, restraints, and opportunities.
- A detailed analysis of the goat milk market segments measures the potential of the market. These segments outline the favorable conditions for the market forecast.
Goat Milk Market Report Highlights
By Distribution Channel
Key Market Players
AVH Dairy Trade B.V., Ausnutria Dairy Corporation Ltd, Stickney Hill Dairy Inc, Woolwich Dairy Inc., Goat Partners International, Meyenberg Goat Milk, Granarolo S.p.A., Redwood Hill Farm & Creamery, Xi'an Baiyue Goat Dairy Group Co.Ltd., St Helen’s Farm
Goat milk production contributes 2% of the total milk production across the globe which increases the cost of goat milk. Around 75% of the goat milk goes under direct consumption across the globe. Countries in Asia-Pacific such as India, Bangladesh, and Pakistan are the major producers of the goat milk while the countries such as China, India, the U.S., France, and Brazil are the major consumers in the world. Specially China imports goat milk and exports its products such as cheese, butter, and yogurt to other countries.
Goat milk has various health benefits such as it is high source of iron, calcium, protein, and fats. It is easier to digest, less inflammatory, and has lesser number of allergens. Moreover, government of many countries in Asia-Pacific and Europe are offering subsidies and schemes to motivate the goat farming, which is responsible to drive the growth of the market.
Also, increase in demand for cheese and butter in the fast food industry contributes toward the growth of the goat milk market.