Global Goat Milk market, By Product (Whole Milk, UHT Semi Skimmed & Skimmed Milk, Semi Skimmed Milk, and UHT Whole Milk), Flavour (Original/Classic, and Flavored), Fat Content (Regular, Low Fat, and Fat Free), Packaging Type (Bottle, Tetra Pack, Sachet/Pouch, Tin, and Others), Distribution Channel (Store Based Retailers, and Non-Store Retailers), End User (Household/Retail, and Food Service Industry) - Industry Trends and Forecast to 2031.
Goat Milk Market Analysis and Insights
The global goat milk market is experiencing robust growth, driven by rising prevalence of lactose intolerance, and surge in demand for goat milk. However, the market faces restraints, such as high production cost of goat milk. Some of the challenges are the Limited Supply in the market. Navigating these dynamics will be crucial for stakeholders in the market to capitalize on the opportunities and address the challenges effectively.
Data Bridge Market Research analyzes that the global goat milk market is expected to reach USD 15,262.38 million by 2031 from USD 10,212.93 million in 2023, growing with a CAGR of 5.2% in the forecast period of 2024 to 2031.
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016–2021)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Product (Whole Milk, UHT Semi Skimmed & Skimmed Milk, Semi Skimmed Milk, and UHT Whole Milk), Flavour (Original/Classic, and Flavored), Fat Content (Regular, Low Fat, and Fat Free), Packaging Type (Bottle, Tetra Pack, Sachet/Pouch, Tin, and Others), Distribution Channel (Store Based Retailers, and Non-Store Retailers), End User (Household/Retail, and Food Service Industry)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., France, Italy, Netherlands, Spain, Russia, Switzerland, Turkey, Belgium, Poland, Sweden, Denmark, Norway, Finland, Rest of Europe, China, Japan, India, South Korea, Australia, Taiwan, Singapore, Thailand, Indonesia, Malaysia, Philippines, New Zealand, Vietnam, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, U.A.E., Israel, South Africa, Egypt, Qatar, Kuwait, Bahrain, Oman, and rest of Middle East and Africa
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Market Players Covered
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Ansnutria Dairy Corporation Ltd., Emmi Group, Dairy Goat Cooperative (N.Z.) Ltd, Holle baby food AG, Granarolo S.p.A., Bubs Australia Limited, CapriLac, Castle Dairy s.a., DEFEEM SDN. BHD., Delamere Dairy , Farm Fresh Milk Sdn. Bhd., Good Goat Milk Co., Hay Dairies Pte Ltd., LACTALIS , Orient EuroPharma CO. Ltd., UK Farm SDN BHD among others
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Market Definition
Goat milk is a highly nutritious dairy product with a gentler protein and cream structure compared to cow's milk, which makes it easier to digest. It is often preferred by those with lactose intolerance or milk allergies and is known for its rich nutritional profile, including vitamins, minerals, and beneficial fats.
The goat milk market refers to the commercial sector involved in the production, distribution, and sale of goat milk and goat milk-based products. This market includes various segments such as fresh goat milk, and powdered goat milk. It is driven by increasing consumer awareness of the health benefits of goat milk, rising demand for alternative dairy products, and growing preferences for natural and organic options.
Goat Milk Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:
Driver
- Rising Prevalence of Lactose Intolerance
The rising prevalence of lactose intolerance is significantly driving the global goat milk market as more consumers seek dairy alternatives that are easier to digest. Goat milk, known for its lower lactose content compared to cow milk, offers a viable option for those with lactose intolerance, allowing them to enjoy dairy without experiencing the discomfort and digestive issues associated with lactose consumption. This increasing awareness and demand for goat milk are further propelled by its perceived health benefits, such as higher levels of certain vitamins and minerals, and a more favorable protein structure that is gentler on the stomach. Also, the growing trend of health-conscious consumers and the popularity of natural and organic products have amplified the appeal of goat milk. Consequently, dairy producers are expanding their goat milk product lines to cater to this burgeoning market, leading to a robust growth trajectory for the global goat milk market. As more people recognize the advantages of goat milk over traditional cow milk, particularly in terms of digestibility and nutrition, the market is expected to continue its upward momentum, driven by the ever-increasing number of lactose-intolerant individuals worldwide.
For instance,
- In March 2024, according to an article published in Fast&up, Milk and dairy products have long been integral to the Indian diet. People in India regularly drink milk, add it to their tea and coffee, and use it to make a variety of sweets and other dishes. Given the omnipresence of milk and dairy in the Indian culinary tradition, one might assume that lactose-related conditions, such as lactose intolerance, would be rare among Indians. However, multiple studies and surveys revealed a surprising fact: approximately 60% of the Indian population is lactose intolerant. This indicated that despite the widespread consumption of milk and dairy products, lactose intolerance remains a prevalent condition in India Worldwide, about 65% of people experience some form of lactose intolerance as they age past infancy, but there are significant differences between populations and regions. As few as 5% of northern Europeans are lactose intolerant, while as many as 90% of adults in parts of Asia are lactose intolerant
- According to the information published in U.S. News & World Report, a study was conducted to measure the global, percentage of lactose intolerance, lactase is an enzyme typically produced in the small intestine, responsible for breaking down lactose into a form that the body can absorb into the bloodstream. When there is a deficiency of lactase, it can lead to uncomfortable symptoms in some individuals, who are then considered "lactose intolerant." In the United States, between 30 and 50 million people are affected by lactose intolerance. The condition is particularly prevalent among certain ethnic groups: 80 percent of African-Americans and Native Americans, and over 90 percent of Asian-Americans experience lactose intolerance. Conversely, it is the least common among Americans of Northern European descent
- In February 2018, according to the information published in NIH, many people began to develop lactose malabsorption—a reduced ability to digest lactose—after infancy. Experts estimated that about 68 percent of the world’s population has lactose malabsorption. Lactose malabsorption is more common in some parts of the world than in others. Lactose malabsorption causes lactose intolerance. In Africa and Asia, most people have lactose malabsorption. In some regions, such as northern Europe, many people carry a gene that allows them to digest lactose after infancy, and lactose malabsorption is less common. In the United States, about 36 percent of people have lactose malabsorption. Lactose malabsorption is one of the major cause for lactose intolerance
- In August 2022, according to the information published in medlineplus, lactose intolerance develops when the small intestine does not make enough of this enzyme. Lactose intolerance is very common in adults. It is rarely dangerous. About 30 million American adults have some degree of lactose intolerance by age 20
- In August 2021, according to an article published in Journal of Dairy Research, it is interesting to note the observed trend of increasing numbers of lactase deficient adults residing in societies. Due to the high prevalence of lactose intolerance globally and the media-dominated trend of vegetarianism, there is a paradigm shift and a high demand for lactose-free dairy products or their alternatives. It was reported in the United States that consumers seem to have a significant preference for lactose-free cow's milk-based on consumer studies for product acceptability and preference for alternative dairy products. Lactose-free dairy products continued to gain attention and have a growing health appeal among many consumers even in countries where the majority of the populace are lactose tolerant. The lactose-free dairy segment was projected to achieve a turnover of about Euro 9 billion (approximately USD 11 billion) by 2022 and is presumed to be the fastest-growing category in the dairy industry
The surge in lactose intolerance is fueling the global goat milk market as it provides a digestible alternative to cow milk. With its lower lactose content and numerous health benefits, goat milk is gaining popularity among health-conscious consumers. This trend is prompting dairy producers to expand their offerings, driving significant growth in the market. As awareness of its advantages spreads, particularly among those with lactose intolerance, the global demand for goat milk is set to rise further.
Restraint
- High Production Cost of Goat Milk
High production costs are a significant restraint in the global goat milk market, limiting its widespread adoption and market growth. Raising goats requires specialized care, feeding, and housing, which often entails higher costs compared to cows. Also, goat milk yields are typically lower than cow milk yields, necessitating more goats to produce the same volume of milk, further driving up production expenses. The milking process is also more labor-intensive and time-consuming, adding to operational costs. Furthermore, the infrastructure for processing and distributing goat milk is less developed, leading to higher logistical and supply chain expenses. These factors result in higher retail prices for goat milk products, making them less accessible to price-sensitive consumers and limiting their market penetration. Consequently, despite its nutritional benefits and growing consumer interest, the high production costs of goat milk pose a significant challenge, restraining the market's overall growth potential.
For instance,
- In July 2019, according to an article published in NCBI, high nutrient demands for milk output, the availability and cost of feed resources constrained the dairy goat industry. The cost for milk testing can be prohibitive for some dairy goat producers, because there are no government subsidies or programs to offset the cost, participation is relatively more expensive for dairy goat producers because of the smaller volume of milk compared to cows. The larger farms are found close to goat milk processing plants, because transport costs are very high. The main expenses of commercial dairy goat farms are feed costs, labor expenses and interest payments on debt. Profitability depends on keeping the cost of production (COP) low while developing new or strengthening existing markets. These all collectively increased the price of goat milk that acted as a restraint in the growth of market
- In May 2018, according to the news published in YICAI Global, a study was conducted to find implant removal associated complications after ESIN osteosynthesis in pediatric goat milk prices have risen substantially in China in three months, with the procurement price nearly doubling in main producing areas, pointing to strong demand, as well as underdevelopment in the upstream pastoral sector. The purchase price for goat milk rose to CNY10 (USD1.57) per kilogram from CNY5 to CNY5.5 in northwestern Shaanxi province, a main goat milk production area in China, The buying price of goat milk remained stubbornly high. This showed that the cost of goat milk was higher than the cow milk which acted as a restraint in the growth of the market
- In March 2023, according to the news published in Tasting Table, the low supply and high demand meant that producers could charge more. The price of milk products can also depend on production scale, the techniques involved, and transportation costs. Beyond that, the production of goat milk can be more intensive. Goat farms are relatively small, so there's less opportunity to multiply efficiencies into considerable cost savings. Also, since some goat cheese is aged for longer, the labor and storage costs are increased. A lot of the time, the finished product has to travel farther because there are fewer goat milk farms. These costs get passed on to the consumers which hinders the market growth
High production costs significantly constrains the global goat milk market by limiting its affordability and accessibility. Raising goats requires more specialized care and resources, resulting in higher operational and logistical expenses compared to cow milk production. These factors lead to higher retail prices, making goat milk products less accessible to price-sensitive consumers and hindering market growth despite rising consumer interest and recognized nutritional benefits.
Opportunity
- High Prevalence of Lifestyle Disorders
The prevalence of lifestyle disorders such as cardiovascular disease, diabetes, and obesity is indeed creating a significant opportunity for the global goat milk market. Goat milk has been shown to have a more favorable fatty acid profile compared to cow milk, with higher levels of beneficial fats like omega-3 and Conjugated Linoleic Acid (CLA).
For instance,
- In January 2019, according to an article ‘Fermented goat milk consumption improves cardiovascular health during anemia recovery’, consumption of fermented goat milk improved hematological status and aids in promoting metabolic responses that attenuated risk factors associated with cardiovascular disorders
This makes it an attractive option for individuals with cardiovascular disease or those looking to reduce their risk of heart disease. Goat milk contains less lactose and casein than cow milk, making it a more easily digestible option for people with lactose intolerance or those who require a lower-carb diet. Additionally, goat milk's unique fatty acid profile may help regulate blood sugar levels and improve insulin sensitivity.
For instance,
- In January 2019, according to an article ‘Goat’s Milk Intake Prevents Obesity, Hepatic Steatosis and Insulin Resistance in Mice Fed A High-Fat Diet by Reducing Inflammatory Markers and Increasing Energy Expenditure and Mitochondrial Content in Skeletal Muscle’, the activities involved with the incorporation of goat milk at the molecular level are associated with increased oxygen consumption and energy expenditure preventing excessive fat mass accretion
Moreover, goat milk is often considered a more satiating beverage than cow milk due to its higher protein and lower water content. This can be particularly beneficial for individuals trying to manage their weight or maintain a healthy lifestyle. As a result, the prevalence of lifestyle disorders such as cardiovascular diseases, obesity and diabetes presents a significant opportunity for the goat milk market to grow and thrive in a rapidly changing consumer landscape.
Challenge
- Limited Supply in the market
With a limited supply of goat milk, it can be challenging to meet the growing demand for goat milk and its products, such as cheese, yogurt, and infant formula. This can lead to a shortage of products, price increases, and reduced availability. The limited supply of goat milk can lead to price volatility, making it difficult for dairy processors and manufacturers to predict costs and plan their operations.
For instance,
- In 2023, according to an article published in ‘The Indian Journal of Animal Sciences’, the reported milk yield of Indian goat was calculated to be far below their potential, since they are primarily used for mutton. Therefore, it was necessary to enhance their dairy goat productivity and profitability
- This volatility also affected the prices of goat milk products, making them less competitive in the market. With a limited supply of goat milk, dairy processors may be forced to focus on producing a smaller range of products, which can limit the variety of products available to consumers and they may need to compete with each other for access to this resource, which can drive up costs and reduce profit margins. Goat farming is often an important source of income for rural communities. A limited supply of goat milk can have a negative impact on these communities, potentially leading to reduced economic opportunities and poverty
- With a limited supply of goat milk, dairy processors may struggle to meet quality standards due to the limited availability of high-quality milk. This can result in lower-quality products and a negative impact on consumer trust. With a limited supply of goat milk, dairy companies may be less likely to invest in research and development of new products or processes, as they may not have access to sufficient quantities of high-quality milk. In some cases, countries that rely heavily on imported goat milk may face challenges in sourcing high-quality milk from other countries, which can lead to concerns about food safety and quality control
For instance,
- In August 2019, according to an article ‘Current status of global dairy goat production: an overview’, China is the largest importer of all categories of goat dairy products, that includes goat milk powder and whey. Most of China’s goat whey is imported from Italy and the Netherlands
- A limited supply of goat milk can also limit opportunities for exports, as countries may not have enough surplus milk to export or may struggle to meet the quality standards required by importing countries
- The limited supply of goat milk can have a negative impact on sustainability efforts, as it may lead to over-reliance on transportation networks and increased carbon emissions associated with importing or transporting goat milk from distant regions
Recent Developments
- In November 2023, Granarolo S.p.A. celebrated a resounding success at the 35th edition of the World Cheese Awards, in goat milk cheese production, contributed to this achievement with their exceptional quality products. This recognition highlighted Granarolo's commitment to excellence and innovation in the dairy industry. The accolades received their position as leaders in milk market
- In January 2020, Local farm Hay Dairies planned to expand its herd from over 1,000 to at least 4,000 goats within the next four to five years. The farm secured a 10,000 sq m land parcel in Neo Tiew Crescent for USD 500,000 from the Singapore Food Agency (SFA). This expansion supported the company's growth and enhance its capacity to meet increasing demand
Goat Milk Market Scope
The goat milk market is segmented into six notable segments based on product, flavour, fat content, packaging type, distribution channel, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the differences in your target markets.
Product
- Whole Milk
- UHT Semi Skimmed & Skimmed Milk
- Semi Skimmed Milk
- UHT Whole Milk
On the basis of product, the market is segmented into whole milk, UHT semi skimmed & skimmed milk, semi skimmed milk, and UHT whole milk.
Flavour
- Original/Classic
- Flavored
On the basis of flavour, the market is segmented into original/classic, and flavored.
Fat Content
- Regular
- Low Fat
- Fat Free
On the basis of fat content, the market is segmented into regular, low fat, and fat free.
Packaging Type
- Bottle
- Tetra Pak
- Sachet/Pouch
- Tin
- Others
On the basis of packaging type, the market is segmented into bottle, tetra pack, sachet/pouch, tin, and others.
Distribution Channel
- Store Based Retailers
- Non-Store Retailers
On the basis of distribution channel, the market is segmented into store based retailers, and non- store retailers.
End User
- Household/Retail
- Food Service Industry
On the basis of end user, the market is segmented into household/retail, and food service industry.
Goat Milk Market Regional Analysis/Insights
The goat milk market is segmented into six notable segments based on product, flavour, fat content, packaging type, distribution channel, and end user.
The countries covered in this market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Netherlands, Spain, Russia, Switzerland, Turkey, Belgium, Poland, Sweden, Denmark, Norway, Finland, rest of Europe, China, Japan, India, South Korea, Australia, Taiwan, Singapore, Thailand, Indonesia, Malaysia, Philippines, New Zealand, Vietnam, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, U.A.E., Israel, South Africa, Egypt, Qatar, Kuwait, Bahrain, Oman, and rest of Middle East and Africa.
Asia-Pacific is is growing in the global Goat Milk market with an increasing demand of goat milk in the region. The India is expected to dominate in the Asia-Pacific region due to robust initiatives taken by government. The region's increasing number of consumers in the market contribute to a strong demand for goat milk.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major 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 and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Fleet Management Market Share Analysis
The goat milk market competitive landscape provides details of competitors. Details included are compmarketany overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breadth, application dominance, and product type lifeline curve. The above data points provided are only related to the company’s focus on the market.
Some of the major market players are Ansnutria Dairy Corporation Ltd., Emmi Group, Dairy Goat Co-operative Ltd, Holle Baby Food AG, and Granarolo S.p.A. among others.
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