Goat Milk Market Growth Rate, Development and COVID-19 Impact and Analysis by 2026

The global goat milk market size was valued at $8.5 billion in 2018, and is expected to reach $11.4 billion by 2026, growing at a CAGR of 3.8% from 2019 to 2026. Goat milk is a white, opaque liquid with a slightly sweet taste and no odor. This milk is generally utilized for direct consumption as well as to produce infant formula.

Goat milk comes with a lot of health benefits. From the total quantity of goat milk produced, the majority share is utilized for direct consumption, followed by production of cheese, milk powder, and other products. It is the rich source of protein, calcium, fats, vitamins, iron, and other essential nutrients as compared to cattle milk. It helps to improve platelet count in the blood during dengue and other viral diseases. Moreover, due to its high calcium content, it helps keep bones and teeth stronger. It is a best source of energy for growing baby.

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There is an increase in awareness about food habits among the consumers, in the recent years. Consumers choose their food products according to their nutritional compatibility and change their purchasing decisions according to their lifestyle by considering the health benefits. This trend is making way for lucrative growth opportunities for the goat milk sector.

Some of the major players in the operating in the global goat milk market include Ausnutria Dairy Corporation Ltd., AVH Dairy Trade B.V., Goat Partners International, Granarolo S.p.A., Meyenberg Goat Milk, Redwood Hill Farm & Creamery, St Helen’s Farm, Stickney Hill Dairy Inc., Woolwich Dairy Inc., and Xi’an Baiyue Goat Dairy Group Co.Ltd.

The other players in the global goat milk industry are FIT, dairy expert, Hay Dairies Pte Ltd., The Good Goat Milk Co., Summerhill Goat Dairy, Delamere Dairy, Holle baby food AG, Cherry Glen Goat Cheese Co., Yayi International, and Dairy Goat Co-operation (DGC).

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Key Findings of the Goat Milk Market:

In 2018, by product, the goat milk accounted for the highest market share, growing at a CAGR of 3.7% from 2019 to 2026.
In 2018, by distribution channel, the specialty store segment accounted for one-fourth share and is projected to grow at the highest CAGR of 2.9% during the forecast period.
In 2018, by region, North America accounted for a prominent market share and is anticipated to grow at a CAGRs of 2.9% throughout the forecast period.
In 2018, by country, Mexico accounted for a prominent market share and is anticipated to grow at a CAGRs of 5.3% throughout the forecast period.
In 2018, by region, Asia-Pacific accounted for a prominent market share and is anticipated to grow at a CAGRs of 5.8% throughout the forecast period.

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