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Goat Milk Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72313
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The goat milk market share is expected to increase by USD 2.52 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.81%.

This goat milk market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers goat milk market segmentation by product (fresh goat milk and processed goat milk) and geography (APAC, Europe, North America, MEA, and South America). The goat milk market report also offers information on several market vendors, including Baiyue Goat Milk Group Co. Ltd., Dairy Goat Co-Operative Ltd., Delamere Dairy Ltd., Emmi Group, Hay Dairies Pte Ltd., Ice House Farm, Meyenberg Goat Milk Products, Summerhill Goat Dairy, and Unica Global BV among others.

What will the Goat Milk Market Size be During the Forecast Period?

Goat Milk Market Size

Download the Free Report Sample to Unlock the Goat Milk Market Size for the Forecast Period and Other Important Statistics

 

Goat Milk Market: Key Drivers, Trends, and Challenges

The demand for lactose-free and lower lactose products is notably driving the goat milk market growth, although factors such as product recalls may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the goat milk industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Goat Milk Market Driver

One of the key factors driving the global goat milk market growth is the demand for lactose-free and lower lactose products. The number of lactose-intolerant individuals is increasing in European countries like Italy, Germany, Spain, Turkey, Poland, France, the UK, and others. Furthermore, according to MedlinePlus, lactose intolerance in adulthood is most prevalent among approximately 70% of people of East Asian descent. Thus, the demand for lactose-free products and products that have a low lactose content is increasing. Since goat milk contains lower lactose than cow milk, it is a viable alternative for cow milk. Hence, with an increase in the number of lactose-intolerant people, the demand for lactose-free products or products with low lactose content will increase at a fast pace, which will drive the growth of the global goat milk market during the forecast period.

Key Goat Milk Market Trend

Another key factor driving the global goat milk market growth is the increasing demand for flavored goat milk. As taste is an important parameter to judge a brand, players are increasingly concentrating on possibilities to enhance the flavor of their products. This strategy retains old customers and attracts new ones. Thus, many vendors are offering goat milk with varied flavors. For instance, Oak Knoll Dairy and Hay Dairies are selling Grade A Pasteurized Chocolate Goats' Milk (in pints) and Chocolate Goat Milk, respectively, while Coach Farm is selling Yo-Goat Cultured Goat Milk in flavors like blackberry and strawberry. Thus, a high preference for flavored food products will usher more experiments in terms of flavor fusion, which will further support the market growth during the forecast period.

Key Goat Milk Market Challenge

One of the key challenges to the global goat milk market growth is product recalls. Improper handling of the raw materials or supplies can adversely affect the safety and quality of the finished products. Thus, sometimes, companies recall their own manufactured products realizing the defect. This severely affects the brand image of a company along with its operation and sales. For instance, in December 2021, the UK-based St Helen's Farm recalled its goat butter products due to the presence of metal in these products. Furthermore, in August 2021, State officials in California, the US ordered a recall of raw goat milk produced by Valley Milk Simply Bottled. Thus, product recalls are a potential threat to the global goat milk market growth during the forecast period.

This goat milk market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global goat milk market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the goat milk market during the forecast period.

Who are the Major Goat Milk Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Baiyue Goat Milk Group Co. Ltd.
  • Dairy Goat Co-Operative Ltd.
  • Delamere Dairy Ltd.
  • Emmi Group
  • Hay Dairies Pte Ltd.
  • Ice House Farm
  • Meyenberg Goat Milk Products
  • Summerhill Goat Dairy
  • Unica Global BV

This statistical study of the goat milk market encompasses successful business strategies deployed by the key vendors. The goat milk market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.

Product Insights and News

  • Baiyue Goat Milk Group Co. Ltd. - The company offers goat milk products like Yubao Goat Milk.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The goat milk market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Goat Milk Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the goat milk market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global packaged foods and meats market includes the following core components:

  • Inputs
  • Inbound logistics
  • Primary processing
  • Secondary and tertiary processing
  • Outbound logistics
  • End-customers
  • Marketing and sales
  • Service
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Goat Milk Market?

Goat Milk Market Market segmentation by region

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54% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for goat milk in APAC. Market growth in this region will be faster than the growth of the market in other regions.

North America is another country with a potential market. The significant increase in the demand for goat milk owing to the awareness about its health benefits will facilitate the goat milk market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic negatively impacted the regional goat milk market. There was reduced demand for goat milk in the US and Canada from retail outlets due to the nationwide lockdowns imposed by governments of various countries in the region. The goat milk farmers in the region witnessed reduced demand for their products. However, in H2 2020, as COVID-19-related restrictions were lifted, the demand for goat milk in the region rebounded. Such factors are expected to drive the regional goat milk market during the forecast period.

What are the Revenue-generating Product Segments in the Goat Milk Market?

Goat Milk Market Segmentation

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The goat milk market share growth by the fresh goat milk segment will be significant during the forecast period. The significant increase in the demand for fresh goat milk owing to its multiple benefits (helps to reduce bad cholesterol and increases good cholesterol, has low lactose or milk sugar, and others) will drive the market growth through this segment in the same period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the goat milk market size and actionable market insights on post COVID-19 impact on each segment.

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Goat Milk Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.81%

Market growth 2022-2026

$ 2.52 billion

Market structure

Fragmented

YoY growth (%)

3.91

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 54%

Key consumer countries

China, India, US, France, and Spain

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Baiyue Goat Milk Group Co. Ltd., Dairy Goat Co-Operative Ltd., Delamere Dairy Ltd., Emmi Group, Hay Dairies Pte Ltd., Ice House Farm, Meyenberg Goat Milk Products, Summerhill Goat Dairy, and Unica Global BV

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, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Goat Milk Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive goat milk market growth during the next five years
  • Precise estimation of the goat milk market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the goat milk industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of goat milk market vendors

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1. Executive Summary                           

                1.1 Market Overview

                                Exhibit 01:  Key Finding 1

                                Exhibit 02:  Key finding 2

                                Exhibit 03:  Key finding 3

                                Exhibit 04:  Key finding 5

                                Exhibit 05:  Key finding 6

                                Exhibit 06:  Key finding 7

                                Exhibit 07:  Key finding 8

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 08:  Parent market

                                Exhibit 09:  Market characteristics

                2.2 Value chain analysis           

                                Exhibit 10:  Value chain analysis

                                2.2.1 Inputs

                                2.2.2 Inbound logistics

                                2.2.3 Primary processing

                                2.2.4 Secondary and tertiary processing

                                2.2.4 Secondary and tertiary processing

                                2.2.6 End-customers

                                2.2.7 Marketing and sales

                                2.2.8 Services

                                2.2.9 Innovations

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 11:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 12:  Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021 - 2026 

                                3.4.1 Estimating growth rates for emerging and high-growth markets

                                3.4.2 Estimating growth rates for mature markets

                                Exhibit 13:  Global - Market size and forecast 2021 - 2026 ($ million)

                                Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 15:  Five forces analysis 2021 & 2026

                4.2 Bargaining power of buyers           

                                Exhibit 16:  Bargaining power of buyers

                4.3 Bargaining power of suppliers       

                                Exhibit 17: Bargaining power of suppliers

                4.4 Threat of new entrants    

                                Exhibit 18:  Threat of new entrants

                4.5 Threat of substitutes         

                                Exhibit 19: Threat of substitutes

                4.6 Threat of rivalry   

                                Exhibit 20: Threat of rivalry

                4.7 Market condition

                                Exhibit 21:  Market condition - Five forces 2021

5. Market Segmentation by Product               

                5.1 Market segments

                                The segments covered in this chapter are:

  • Fresh goat milk
  • Processed goat milk

                                Exhibit 22:  Product - Market share 2021-2026 (%)

                5.2 Comparison by Product    

                                Exhibit 23:  Comparison by Product

                5.3 Fresh goat milk - Market size and forecast 2021-2026          

                                Exhibit 24:  Fresh goat milk - Market size and forecast 2021-2026 ($ million)

                                Exhibit 25:  Fresh goat milk - Year-over-year growth 2021-2026 (%)

                5.4 Processed goat milk - Market size and forecast 2021-2026 

                                Exhibit 26:  Processed goat milk - Market size and forecast 2021-2026 ($ million)

                                Exhibit 27:  Processed goat milk - Year-over-year growth 2021-2026 (%)

                5.5 Market opportunity by Product    

                                Exhibit 28:  Market opportunity by Product

6. Customer landscape                         

                                Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                6.1 Overview

                                Exhibit 29:  Customer landscape

7. Geographic Landscape                     

                7.1 Geographic segmentation

                                The regions covered in the report are:

  • APAC
  • Europe
  • North America
  • MEA
  • South America

                                Exhibit 30:  Market share by geography 2021-2026 (%)

                7.2 Geographic comparison   

                                Exhibit 31:  Geographic comparison

                7.3 APAC - Market size and forecast 2021-2026              

                                Exhibit 32:  APAC - Market size and forecast 2021-2026 ($ million)

                                Exhibit 33:  APAC - Year-over-year growth 2021-2026 (%)

                7.4 Europe - Market size and forecast 2021-2026          

                                Exhibit 34:  Europe - Market size and forecast 2021-2026 ($ million)

                                Exhibit 35:  Europe - Year-over-year growth 2021-2026 (%)

                7.5 North America - Market size and forecast 2021-2026           

                                Exhibit 36:  North America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 37:  North America - Year-over-year growth 2021-2026 (%)

                7.6 MEA - Market size and forecast 2021-2026               

                                Exhibit 38:  MEA - Market size and forecast 2021-2026 ($ million)

                                Exhibit 39:  MEA - Year-over-year growth 2021-2026 (%)

                7.7 South America - Market size and forecast 2021-2026           

                                Exhibit 40:  South America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 41:  South America - Year-over-year growth 2021-2026 (%)

                7.8 Key leading countries        

                                Exhibit 42:  Key leading countries

                7.9 Market opportunity by geography

                                Exhibit 43:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1 Demand for lactose-free and lower lactose products

                                8.1.2 Packaging innovations

                                8.1.3 Product launches and demand for powdered goat milk

                8.2 Market challenges              

                                8.2.1 Product recalls

                                8.2.2 Increasing vegan population and availability of plant-based milk alternatives

                                8.2.3 Distribution challenges

                                Exhibit 44:  Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1 Increasing demand for flavored goat milk

                                8.3.2 Launch of certified goat milk and demand for goat milk products

                                8.3.3 Omnichannel retailing and labeling strategy

9. Vendor Landscape                             

                9.1 Competitive Scenario        

                9.2 Overview

                                Exhibit 45:  Vendor landscape

                9.3 Landscape disruption        

                                Exhibit 46:  Landscape disruption

                                Exhibit 47:  Industry risks

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 48:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 49: Market positioning of vendors

                10.3 Baiyue Goat Milk Group Co. Ltd.

                                Exhibit 50:  Baiyue Goat Milk Group Co. Ltd. - Overview

                                Exhibit 51:  Baiyue Goat Milk Group Co. Ltd. - Product and service

                                Exhibit 52:  Baiyue Goat Milk Group Co. Ltd. - Key offerings

                10.4 Dairy Goat Co-Operative Ltd.      

                                Exhibit 53:  Dairy Goat Co-Operative Ltd. - Overview

                                Exhibit 54:  Dairy Goat Co-Operative Ltd. - Product and service

                                Exhibit 55:  Dairy Goat Co-Operative Ltd. - Key offerings

                10.5 Delamere Dairy Ltd.         

                                Exhibit 56:  Delamere Dairy Ltd. - Overview

                                Exhibit 57:  Delamere Dairy Ltd. - Product and service

                                Exhibit 58:  Delamere Dairy Ltd. - Key offerings

                10.6 Emmi Group       

                                Exhibit 59:  Emmi Group - Overview

                                Exhibit 60:  Emmi Group - Business segments

                                Exhibit 61:  Emmi Group - Key news

                                Exhibit 62:  Emmi Group - Key offerings

                                Exhibit 63:  Emmi Group - Segment focus

                10.7 Hay Dairies Pte Ltd.         

                                Exhibit 64:  Hay Dairies Pte Ltd. - Overview

                                Exhibit 65:  Hay Dairies Pte Ltd. - Product and service

                                Exhibit 66:  Hay Dairies Pte Ltd. - Key offerings

                10.8 Ice House Farm 

                                Exhibit 67:  Ice House Farm - Overview

                                Exhibit 68:  Ice House Farm - Product and service

                                Exhibit 69:  Ice House Farm - Key offerings

                10.9 Meyenberg Goat Milk Products  

                                Exhibit 70 Meyenberg Goat Milk Products - Overview

                                Exhibit 71:  Meyenberg Goat Milk Products - Product and service

                                Exhibit 72:  Meyenberg Goat Milk Products - Key offerings

                10.10 St Helen's Farm Ltd.      

                                Exhibit 73:  St Helen's Farm Ltd. - Overview

                                Exhibit 74:  St Helen's Farm Ltd. - Product and service

                                Exhibit 75:  St Helen's Farm Ltd. - Key offerings

                10.11 Summerhill Goat Dairy 

                                Exhibit 76:  Summerhill Goat Dairy - Overview

                                Exhibit 77:  Summerhill Goat Dairy - Product and service

                                Exhibit 78:  Summerhill Goat Dairy - Key offerings

                10.12 Unica Global BV              

                                Exhibit 79:  Unica Global BV - Overview

                                Exhibit 80:  Unica Global BV - Product and service

                                Exhibit 81:  Unica Global BV - Key offerings

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market definition

                                11.1.2 Objectives

                                11.1.3 Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 82:  Currency conversion rates for US$

                11.3 Research Methodology 

                                Exhibit 83:  Research Methodology

                                Exhibit 84:  Validation techniques employed for market sizing

                                Exhibit 85:  Information sources

                11.4 List of abbreviations        

                                Exhibit 86:  List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Goat Milk market growth will increase by $2528.65 million during 2021-2026.
The goat milk market is expected to grow at a CAGR of 4.81% during 2021-2026.
Technavio has segmented the goat milk market by product (Fresh goat milk and Processed goat milk) and geographic (APAC, Europe, North America, MEA, and South America).
Baiyue Goat Milk Group Co. Ltd., Dairy Goat Co-Operative Ltd., Delamere Dairy Ltd., Emmi Group, Hay Dairies Pte Ltd., Ice House Farm, Meyenberg Goat Milk Products, Summerhill Goat Dairy, Unica Global BV are a few of the key vendors in the goat milk market.
APAC will register the highest growth rate of 54.36% among the other regions. Therefore, the goat milk market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • India
  • US
  • France
  • Spain
The key factors driving the goat milk market growth are:
  • Demand for lactose-free and lower lactose products
The goat milk market vendors should focus on grabbing business opportunities from the fresh goat milk segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

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