Global Goat Milk-Based Infant Formula Market, By Type (First Class (0-6 Months), Second Class (6-12 Months), Third Class (1-3 Years)), Distribution Channel (Supermarkets/Hypermarkets, Retail Stores, Online Selling, Others), Packaging Type (Bottle Packaging, Tetra Packaging) - Industry Trends and Forecast to 2030.
Goat Milk-Based Infant Formula Market Analysis and Size
Goat milk formulas have gained huge popularity in the recent years as they are considered more digestible than cow milk, and identical to human milk. Fat globules that are present in goat milk-based infant formula are relatively smaller in diameter, enabling easier digestion of up to 94% among infants. Goat based infant formulas can be used as a healthy option especially among babies and toddlers who have concerns about cow milk.
Goat Milk-Based Infant Formula Market was valued at USD 10.21 billion in 2022 and is expected to reach USD 18.14 billion by 2030, registering a CAGR of 7.8% during the forecast period of 2023-2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (First Class (0-6 Months), Second Class (6-12 Months), Third Class (1-3 Years)), Distribution Channel (Supermarkets/Hypermarkets, Retail Stores, Online Selling, Others), Packaging Type (Bottle Packaging, Tetra Packaging)
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Countries Covered
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U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
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Market Players Covered
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Dairy Goat Co-operative (N.Z.) Limited (U.S.), Danone (France) , AUSNUTRIA (Hong Kong), Little Bundle (Netherlands), Danalac (Denmark), Orient EuroPharma Co., Ltd. (Taiwan), Bubs Organic, LLC. (Australia), Shaanxi Hongxing Meiling Dairy Co., Ltd. (China), Xi'an Baiyue Goat Milk Group Co., Ltd. (China), Kabrita (Canada), MT. CAPRA (U.S.), Vitagermine (France), Oli6 (Australia), Formuland Inc. (U.S.), Aotearoa Nutrients (New Zealand), Nannycare Ltd. (U.K.)
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Market Opportunities
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Market Definition
Goat milk formula has identical prebiotic properties to human breast milk because it comprises 14 naturally occurring oligosaccharides prebiotics, five of which are present in breast milk. The goat's milk formula is primarily developed and sold as the primary raw ingredient for feeding babies and infants.
Goat Milk-Based Infant Formula Market Dynamics
Drivers
- Inclination towards Healthy Lifestyle
The increase in the consumer preference for dietary improvements acts as one of the major factors driving the growth of goat milk-based infant formula market. The rise in trend of leading a healthy lifestyle among all age groups shifting to healthy and innovative approach have a positive impact on the industry.
- Benefits of Goat Milk
The increase in the awareness regarding several benefits of goat milk especially among the health-conscious consumers further influence the market. The shift in lactose-intolerant individuals towards goat milk owing to its lower lactose levels assists in the expansion of the market.
In addition, change in lifestyle, increase in the disposable income and rise in awareness regarding the benefits of the nutrition plan positively affect the goat milk-based infant formula market.
Opportunity
- Rising Incidence of Lactose Intolerance and Cow's Milk Allergies
A significant number of infants are diagnosed with lactose intolerance or cow's milk allergies. Goat milk-based infant formula is often considered a suitable alternative due to its lower lactose content and differences in protein structures. This provides a niche market for specialized infant formula products.
Restraint/Challenge
- Limited Supply of Goat Milk
One of the primary constraints is the limited supply of goat milk compared to cow milk. Meeting the demand for goat milk-based infant formula can be challenging, especially if there are fluctuations in goat milk production due to factors like climate, disease, or other agricultural challenges.
This goat milk-based infant formula market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on goat milk-based infant formula market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In March’2021, HOCHDORF Holding AG launched Bimbosan goat milk formula. The company aims to offer a healthy alternative especially to babies with sensitive digestion. The product deliver increased digestibility along with various other nutrients.
Global Goat Milk-Based Infant Formula Market Scope and Market Size
The goat milk-based infant formula market is segmented on the basis of type, distribution channel, and packaging type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- First Class (0-6 Months)
- Second Class (6-12 Months)
- Third Class (1-3 Years)
Distribution Channel
- Supermarkets/Hypermarkets
- Retail Stores
- Online Selling
- Others
Packaging Type
- Bottle Packaging
- Tetra Packaging
Goat Milk-Based Infant Formula Market Regional Analysis/Insights
The goat milk-based infant formula market is analysed and market size insights and trends are provided by country, type, distribution channel, and packaging type as referenced above.
The countries covered in the goat milk-based infant formula market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, rest of South America as a part of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is expected to dominate the goat milk-based infant formula market because of the increase in the health consciousness among the consumers along with rising demand of the goat milk within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 because of the growing demand of the goat milk as it is highly nourishing and easily digestible.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Some of the major players operating in the goat milk-based infant formula market are
- Dairy Goat Co-operative (N.Z.) Limited (U.S.)
- Danone (France)
- AUSNUTRIA (Hong Kong)
- Little Bundle (Netherlands)
- Danalac (Denmark)
- Orient EuroPharma Co., Ltd. (Taiwan)
- Bubs Organic, LLC. (Australia)
- Shaanxi Hongxing Meiling Dairy Co., Ltd. (China)
- Xi'an Baiyue Goat Milk Group Co., Ltd. (China)
- Kabrita (Canada)
- MT. CAPRA (U.S.)
- Vitagermine (France)
- Oli6 (Australia)
- Formuland Inc. (U.S.)
- Aotearoa Nutrients (New Zealand)
- Nannycare Ltd. (U.K.)
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