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The Donkey Milk Market size is forecast to increase by USD 20.16 million, at a CAGR of 9.64% between 2023 and 2028.
In 2023, Europe played a significant role in the expansion of the global donkey milk market. The region's substantial market share is attributed to the increasing demand for cosmetics products incorporating natural ingredients, particularly notable in countries like the UK, Germany, and Italy. The adoption of donkey milk by consumers in the UK, driven by the pursuit of sustainable health practices, is a key driver of regional market growth. Aadvik Foods and Products Pvt. Ltd offers donkey milk products such as Lac Jennius freeze-dried donkey milk powder, and donkey milk soap in green tea and coffee flavor.
The market shows an accelerated CAGR during the forecast period.
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One of the key factors driving the market growth is the increasing applications of donkey milk. Donkey milk is being used in various industries, such as the food and beverage industry, cosmetics industry, and others. In addition, the increasing product diversification, including the development of new dairy products and expansion into the cosmetics and skincare industry, drives the growth of the global market.
Moreover, products such as cheese, yogurts, ice creams, and other value-added products made from donkey milk have the potential to attract a wider consumer base. In addition, donkey milk is processed into dietary supplements, such as capsules or powders, providing a convenient way for individuals to consume the nutritional benefits associated with donkey milk. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
A key factor shaping the market growth is the increasing demand for donkey milk driven by allergen sensitivities. The demand for donkey milk is fuelled by allergen sensitivities in individuals. In addition, donkey milk may be a suitable alternative to other types of milk, particularly cow's milk, for individuals with allergies or sensitivities. Furthermore, donkey milk contains different proteins than cow's milk.
Moreover, the proteins in donkey milk are structurally different from those in cow's milk. In addition, for individuals with cow's milk protein allergies, there is a possibility that they may tolerate the proteins in donkey milk better. Furthermore, the hypoallergenic properties in donkey milk are less likely to cause allergic reactions compared to other types of milk. Hence, such factors are driving the market growth during the forecast period.
The growing vegan population is one of the key challenges hindering the market growth. The growing number of people adopting a vegan lifestyle results in reduced demand for animal-derived products, including donkey milk. In addition, vegans often prefer plant-based milk alternatives such as almond milk, soy milk, oat milk, or coconut milk.
Moreover, the rising popularity of plant-based milk alternatives has surged owing to the increase in demand from the vegan and lactose-intolerant consumer segments. In addition, this shift may divert attention away from traditional animal milk, including donkey milk. Furthermore, the growth of the vegan population has led to increased innovation in plant-based food and beverage products. Hence, such factors are hindering the market growth during the forecast period.
The nutritional value and digestibility of the powder segment will increase the market growth. Donkey milk is served in powder form to make use of the various advantages of donkey milk as the power comes with a potentially longer shelf life than donkey milk. In addition, donkey milk powder is made using the freeze-drying process, which helps retain the nutrients of the donkey milk. Moreover, donkey milk powder is packed without any oxygen and has around 24 months of shelf life. In addition, donkey milk in powder form remains durable without adding any chemical preservatives while keeping its natural color, flavor, nutrients, and essential substances from the fresh donkey milk. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
The cosmetics and personal care segment is estimated to witness significant growth during the forecast period. Factors such as the increasing needs of the personal care industry and increasing concerns regarding skin nourishment are expected to fuel the growth of the cosmetics and personal care segment. In addition, donkey milk is a natural, eco-friendly ingredient that is free from synthetic chemicals and additives.
The cosmetics and personal care segment was the largest segment and was valued at USD 13.51 million in 2018.
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Moreover, the growing trend towards natural and organic cosmetic products increases the demand for donkey milk-based cosmetics among consumers seeking natural and sustainable skincare solutions. Additionally, the significant innovation in the cosmetics and personal care segment in terms of developing new products and new formulations and the incorporation of donkey milk in hair care products, such as shampoo conditioners, is driving the demand for donkey milk in cosmetics and personal care. Furthermore, the growing influence of social media and beauty influences plays a significant role in raising the demand for cosmetics and personal care. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Europe is estimated to contribute 39% to the growth of the global market during the forecast period
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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. In Europe, donkey milk is majorly produced in Italy and is highly promoted by the country's government. In addition, the Italian government aims to increase the production of donkey milk for human consumption. Moreover, the government has taken various measures for the valorization of the donkey milk production chain by helping the local donkey milk producers and farmers. In addition, these measures include incentives and tax credits for each local producer of donkey milk. Furthermore, other countries in the region, such as the UK, are showing interest in the production of donkey milk due to the crisis in their dairy cow sector and/or as an opportunity for product diversification. Hence, such factors are driving the market growth in Europe during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Chowdeswari Dairy Farm, Dolphin IBA Nutricosmetics and Cosmeceuticals Pvt Ltd., Donna Tina Co., Dulcededonke, Eurolactis Group SA, Golden Donkeys Farm, J M JADEJA DONKEY FARM, JSR Donkey Farm, Kalyani Farm House, Mahadev Donkey Milk Dairy, RJ Donkey Farm, Shri Aarogyam Donkey Milk, SRI. SHANTHI TYRES, TDS Donkey Farm, The Donkey Dairy Pty Ltd., VedaOils, and YESRAJ AGRO EXPORTS PVT. LTD
The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Donkey Milk Market Scope |
|
Report Coverage |
Details |
Page number |
156 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.64% |
Market Growth 2024-2028 |
USD 20.16 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.63 |
Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
Performing market contribution |
Europe at 39% |
Key countries |
US, China, Italy, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aadvik Foods and Products Pvt. Ltd., Asinus Atlanticus SA, AZIENDA AGRICOLA MONTEBADUCCO, Chowdeswari Dairy Farm, Dolphin IBA Nutricosmetics and Cosmeceuticals Pvt Ltd., Donna Tina Co., Dulcededonke , Eurolactis Group SA, Golden Donkeys Farm, J M JADEJA DONKEY FARM, JSR Donkey Farm, Kalyani Farm House, Mahadev Donkey Milk Dairy, RJ Donkey Farm, Shri Aarogyam Donkey Milk, SRI. SHANTHI TYRES, TDS Donkey Farm, The Donkey Dairy Pty Ltd., VedaOils, and YESRAJ AGRO EXPORTS PVT. LTD |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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