Global donkey milk market to garner $68.13 million by 2027: Allied Market Research

Rise in the use in the cosmetics and food & beverages sectors and growth in consumption by health-conscious consumers add to the global donkey milk market. 

As per the report published by Allied Market Research, the global donkey milk market generated $28.18 million in 2019, and is expected to reach $68.13 million by 2027, registering a CAGR of 9.4% from 2021 to 2027. The report provides a comprehensive analysis of the top winning strategies, top investment pockets, drivers & opportunities, competitive scenario, market size & estimations, and wavering market trends.

Shankar Bhandalkar, Team Lead-Research, Food and Beverages at Allied Market Research, stated, "The global donkey milk market is anticipated to witness significant growth due to increase in uses of donkey milk in food & beverages products such as cheese, chocolate bars, cheddar, and others. In addition, donkey milk is similar to human mother’s milk and it is also a substitute for toddlers having cow milk protein allergies. Apart from this, it helps strengthen immunity and other respiratory tract infections such as tuberculosis, bronchitis, cough, pneumonia, and asthma, which further propels the growth of the donkey milk market." 

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Covid-19 pandemic impact on the global donkey milk market:

The spread of Coronavirus leads to rise in donkey milk sales figures. This is due to the properties donkey milk holds such as iron, vitamins, protein, minerals, and others.
As people are showing interest in organic skincare items, the demand for donkey milk appeared to grow in the personal care and cosmetics industry.

Increase in the adoption of donkey milk during the pandemic due to its benefits such as high vitamin content and ability to boost the immune system thrusts the global donkey milk market growth. Donkey milk shows resemblance to human breast milk for lactose, protein, and ash. In addition, donkey milk contains active antimicrobial substances including lysozyme and lactoferrin, which makes it vital for health-conscious consumers and cardiovascular or heart patients.

However, higher price than the price of other milk hinders the market growth. Lack of government support for producing donkey milk and unavailability of donkey farms affect the production and price of the milk. On the other hand, an increase in social media awareness is expected to offer profitable opportunities for market growth.

The report provides detailed segmentation of the global donkey milk market into application, form, and region.

On the basis of application, the cosmetics and personal care segment contributed more than three-fourths of the total market share in 2019, and is estimated to lead during the forecast period. The food and beverages segment, on the other hand, would exhibit the fastest CAGR of 10.4% from 2021 to 2027.

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On the basis of form, the powder segment contributed to nearly two-thirds of the total market revenue in 2019 and is expected to rule the roost by 2027. On the other hand, the liquid segment is anticipated to grow at the fastest CAGR of 10.3% from 2021 to 2027.

On the basis of region, Europe earned the major share in 2019, contributing nearly half of the global donkey milk market. At the same time, the Asia-Pacific would register the fastest CAGR of 11.5% from 2021 to 2027. The other two regions discussed in the report include North America and LAMEA.

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Key leading players of the global donkey milk market include Donna Tina Farm, Eurolactis Italia Srl, Dolphin IBA, Golden Donkeys Farm, Hellenic Asinus Farms, Stephenson Group Ltd, The Donkey Dairy PTY LTD, Asinus Atlanticus S. A., The White Sea & Baltic Company Limited, and Vro Enterprises.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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