Global Goat Milk Powder Market to 2024: Major Players are Dairy Goat Co-operation (DGC), FIT Company, Goat Partners International, Meyenberg Goat Milk Products & Bai Yue
DUBLIN, Feb. 18, 2019 /PRNewswire/ -- The "Goat Milk Powder Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global goat milk powder market is expected to reach revenues of around $5 billion by 2024, growing at a CAGR of approximately 9% during 2018-2024. The market research report also offers market share analysis in terms of volumes (tons) during the forecast period.
The emergence of European countries such as Germany, the UK, France, the Netherlands, and Spain as the major importers and exporters of goat cheese will positively impact the global market. The rise of new trade benefits that aid the availability of dairy products with the help of chillers and cold chain logistics for categories like yogurt and fresh milk will propel the growth of the market. The global goat milk powder market is driven by the breastfeeding rates, increasing infant population, and trending bottle-feeding culture across countries. North America and Europe are the largest goat cheese producers in the global market. The market research report provides in-depth market analysis and segmental analysis of the worldwide goat milk powder market by product type, end-products, distribution channels, and geography.
The report considers the present scenario of the global goat milk powder market and its market dynamics for the period 2018-2024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study includes both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the global goat milk powder market.
Goat Milk Powder Market - Dynamics
Although goat milk cannot be a perfect substitute for breast milk, the protein found in goat milk can be considered the closest alternative to human breast milk. Cow milk contains A1 casein that can cause inflammatory or allergic reactions among infants resulting in diarrhea and abdominal cramping. However, goat milk contains A2 casein that is also found in human breast milk and can be easily digested by infants. The fat globules present in goat milk are relatively smaller in diameter, which allows easier absorption of up to 94% in infants.
Goat milk is gaining popularity across the world, approximately 65% of the global population consumes goat milk over cows milk. Goat milk has a lot of nutritional benefits, it is less likely to cause lactose intolerance and is easier to digest than cow milk or other dairy alternatives. As the world shifts towards higher consumption of goat milk and goat milk products, the demand for goat milk powder is likely to increase globally. The growing trend of health consciousness among people, which is currently seen only among certain segments of the society, is expected to increase significantly among the population during the forecast period.
The modern generation is becoming more interested in pursuing a healthy lifestyle. Apart from this, there is a gradual shift among consumers towards healthier eating habits. The modern, younger generation are now more aware of the importance of taking care of ones health. Thus, there is a growing demand for goat milk and products, which are highly nutritious and easily digestible, amongst the health-conscious population.
Goat Milk Powder Market - Segmentation
This market research report includes a detailed segmentation of the market by product type, end-products, distribution channels, and geography. The global goat milk powder market by product type is classified into skimmed and full cream milk powder. The skimmed milk power segment dominated more than half of the total market share in 2018, growing at a CAGR of more than 9% during the forecast period.
The rapidly changing food habits and health issues such as obesity and high level of cholesterol are fueling the growth of this segment in the global market. Full fat milk is used for a variety of foods such as ice-cream and cheese and in cosmetics such as soaps in the global market. The rising demand for infant formula is driving the demand for full cream milk powder in the market. FIT, CBM, AVH Dairy, and Red Star are offering full-fat products in the global goat milk powder market.
Full fat milk is used for a variety of foods such as ice-cream and cheese and in cosmetics such as soaps in the global market. The rising demand for infant formula is driving the demand for full cream milk powder in the market. FIT, CBM, AVH Dairy, and Red Star are offering full-fat products in the global goat milk powder market. The easier digestibility of these products makes it a highly suitable alternative for individuals with cow milk allergies and lactose malabsorption in the market. Artisan du Chocolate, Mast Brothers, Manao Chocolates, Billy Goat Stuff, and Jordi Chocolates are some of the most popular chocolate brands in the global goat milk powder market.
The global goat milk powder market by distribution channels is segmented into hypermarkets & supermarkets, convenience stores, specialty stores, medical & pharmacy stores, and others. Hypermarkets & supermarkets occupied approximately half of the total market share in 2018. The presence of all types of grocery products under one roof is boosting the retail sales of hypermarkets & supermarkets in the global market. The online channels are the fastest growing segment in the global goat milk powder market.
The geographical segment in the global goat milk powder market is categorized into APAC, Europe, North America, Latin America, and MEA. APAC is the fastest growing region in the worldwide market, at a CAGR of around 11% during the forecast period. The growing disposable income, westernization, rising demand for infant formula from Chinese mothers, and the increasing impact of the social media are some of the major factors attributing to the growth of the APAC region in the global market.
The increasing demand for organic and natural food across Europe will fuel the growth of this region in the global market. The rising demand for goat cheese and number of lactose-intolerant people are driving the demand across the North American market. The increasing income, growing urbanization, and the burgeoning health-conscious population across MEA will positively impact the global goat milk powder market.
Key Vendor Analysis
The global goat milk powder market is fragmented due to the presence of several vendors. The top players are competing on the basis of product quality, new products, and competitive pricing in the market. The key companies are introducing new or improved products to match the growing requirements of the dynamic consumer preferences in the market. The vendors are investing in technological advancements, packaging designs, and production innovations to sustain the competition in the global goat milk powder market.
The major vendors in the global goat milk powder market are:
- Dairy Goat Co-operation (DGC)
- FIT Company
- Goat Partners International
- Meyenberg Goat Milk Products
- Bai Yue Group
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Market Overview
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 High demand for goat milk infant formulas
8.1.2 High prevalence of lactose intolerance population
8.1.3 Higher nutritional benefits of goat milk powder
8.2 Market Growth Restraints
8.2.1 High cost of goat milk powder
8.2.2 Risk of contamination and health concerns
8.2.3 Stringent government regulations
8.3 Market Opportunities & Trends
8.3.1 Growing number of health-conscious people
8.3.2 Growing demand from emerging economies
8.3.3 Influence of internet in shaping end-users' purchasing behavior
8.3.4 Increasing number of M&As
9 Value Chain Analysis
9.1 Value Chain overview
9.2 Value Chain Analysis
10 Global Goat Milk Product Market
10.1 Market Overview
10.2 Market Size & Forecast
11 Global Goat Milk Powder Market
11.1 Market Size & Forecast
11.2 Porter's Five Forces Analysis
12 By Product Type
12.1 Market Overview
12.2 Skimmed Goat Milk Powder
12.3 Full Cream Goat Milk Powder
13 By End Products
13.1 Market Overview
13.2 Infant & Follow-On Formula
13.3 Cheese
13.4 Dietary Supplements
13.5 Yogurt
13.6 Chocolate
13.7 Other Products
14 By Distribution Channel
15 By Geography
Key Company Profiles
Dairy Goat Co-Operation (DGC)
FIT Company
Goat Partners International
Meyenberg Goat Milk Products
Baiyue Group
Other Prominent Vendors
- AVH Dairy Trade B.V
- Ausnutria Dairy Corporation Ltd
- Holle
- The good Goat Milk Company
- Caprilac
- Shaanxi Redstar Meiling Dairy CO., LTD.
- Shaanxi GuanShan dairy CO. Ltd
- Mt. Capra
- Keytone Dairy Corporation Limited
- BUBS Organic
- Billy Goat Stuff
- Zotter Chocolate
- Mast Brothers
- Bend Soap Company
- Goat Milk Stuff
- Blue Ridge Soap Shed
- Laloo's Ice Cream
- Seed + Mill
For more information about this report visit https://www.researchandmarkets.com/research/nfl7hh/global_goat_milk?w=5
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