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Global Goat Milk Products Market to Reach $20.75 Billion by 2029

World 18.10.2024
Source: DairyNews.today
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The global goat milk products market, valued at USD 13.01 billion in 2023, is projected to grow to USD 20.75 billion by 2029, with a compound annual growth rate (CAGR) of 8.09%. 
Global Goat Milk Products Market to Reach $20.75 Billion by 2029

Key Market Insights:

  • Product Segment: Cheese remains the dominant product, largely due to its superior nutritional benefits compared to cow milk cheese.
  • Consumer Segment: The adult segment leads the market, driven by increased demand for high-protein and vitamin-rich products.
  • Regional Focus: Europe holds the largest market share at over 31%, with France and Germany leading the region's goat cheese production.

Emerging Trends:

  • Growing Popularity of Goat Cheese: The increasing demand for goat cheese is fueled by its health benefits, distinct flavors, and its lower fat and calorie content compared to cow's milk cheese. Goat cheese is particularly appealing to health-conscious consumers due to its higher digestibility and rich nutritional profile.

  • Rising Demand for Goat Milk Infant Formula: The demand for goat milk-based infant formula is on the rise, attributed to its perceived health benefits, lower allergenicity, and nutritional profile. The majority of global newborn formula manufacturers are now incorporating goat milk powder into their products, further driving market growth.

  • Nutritional Superiority of Goat Milk: Goat milk's superior digestibility and high protein content give it an edge over cow, soy, and nut-based milk alternatives. It also offers health benefits such as cholesterol reduction, making it a popular choice among health-conscious consumers.

Europe Leads the Market: With a 31% share, Europe dominates the global goat milk products market, led by France and Germany. The European market is characterized by a mix of large dairy companies and small artisanal producers. Goat cheese remains the most prominent product, with rising demand for pasteurized goat milk and powdered goat milk for infant formula. The organic dairy sector is also expanding, with goat farmers diversifying into cheese, milk, and yogurt production.


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