Market for goat's milk products
Market for goat’s milk products

The market for goat’s milk products is expected to increase from $13.06 billion in 2023 to $21.07 billion in 2033.

Government support for goat farming stimulates the market

At the national level, goat farming is essential in the rural economies of most countries. For example, goats are kept by about 70% of landless agricultural laborers, as well as by marginal and small farmers in rural India. Goat farming provides significant socio-economic benefits to small-scale producers compared to other livestock species. Goats are the most promising meat-producing animal with the least space requirements. They can survive in harsh weather conditions and in areas with little vegetation. In addition to meat, they also supply high-quality milk, manure and hides.

Livestock farming is considered one of the most profitable and long-term industries in the world. Due to the increased demand for goat’s milk productsgovernments around the world are providing financial incentives to many marginal farmers and entrepreneurs who want to start commercial goat farming. Many profits are determined by the amount of money invested in goat farming. As a result, financial support may soon help goat farming.

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Governments around the world have taken the lead in providing financial incentives and subsidies to many marginal farmers and enterprises interested in entering the commercial goat farming sector, which is seen as the key driver of market expansion. For example, since 2019, the Indian government has provided several loans and grants ranging from 25% to 35% of the total cost of goat or goat projects, in partnership with the National Bank for Agriculture and Rural Development (NABARD) and other local banks. . Such a government initiative is expected to help the goat milk market flourish. The growing vegan population is likely to suppress the growth of the global goat milk products market.

Key points from the Market for goat’s milk products

  • The market is expected to exceed $21.07 billion by 2033.
  • The growing health and wellness trend among consumers, as well as the increasing lactose intolerant population, are driving the goat milk products market.
  • The goat milk products market is expected to maintain a CAGR of 4.9% during the forecast period 2023 to 2033.
  • Asia Pacific dominated the goat milk products market.

Important developments in the Market for goat’s milk products

  • April 2022 – CRM (Canada Royal Milk) has entered into a strategic alliance with the ODGC (Ontario Goat Dairy Cooperative) and PLCQ (Producers de lait de chevre du Quebec), totaling approximately 120 goat milk farms.
  • June 2022 – Cheese manufacturer Atalanta launches its unique cheddar cheese, Table One. This product is made from Canadian goat’s milk.
  • March 2021 – Hochdorf introduces newborn or infant formula based on goat’s milk. This product is usually sold under the Bimbosan brand. This can be administered immediately after a child is born. This formula contains starch or palm oil.
  • October 2022 – Ausnutria Dairy Corporation Ltd. Amalthea Group, a manufacturer of sheep cheese-based products in the Netherlands, has been acquired. Ausnutria Dairy Corporation Ltd. hopes to increase its competitive advantage and position itself in the goat milk products sector by expanding its full range of goat milk products with this acquisition.

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Competitive landscape

Ausnutria Dairy Corporation Ltd., Emmi Group, Goat Partners International Inc., Holle infant food AG, St Helen’s Farm, Hewitt’s Dairy, Woolwich Dairy Ltd., Xi’an Baiyue Goat Dairy Group Co.Ltd., HiPP and Courtyard Farms are among the leading participants in the global goat milk products market.

Companies are increasingly focusing on developing new products to increase their global market share. For example, in 2021, Ausnutria Dairy Corporation Limited offered CBM Goat Power, a line of protein-rich goat milk ingredients.

Key companies profiled in the global goat milk products market

  • Ausnutria Dairy Corporation Ltd.
  • Emmi group
  • Goat Partners International Inc.
  • Holle baby food AG
  • Saint Helens Farm
  • Hewitt’s Dairy
  • Woolwich Dairy Inc.
  • Xi’an Baiyue Goat Dairy Group Co.Ltd.
  • HiPP
  • Courtyard farms

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Main segmentation:

By type:

  • Liquid milk
  • Milk powder

By distribution channel:

  • B2B
  • B2C
    • Hypermarkets/supermarkets
    • Supermarket
    • Specialty stores
    • Online retail
    • Others

Per region:

  • North America
  • Europe
  • Asiatic-Pacific
  • Latin America
  • The Middle East and Africa

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