Goat Milk Market is expected to grow at a CAGR of 5.1% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Goat Milk Market size was valued at USD 12.3 billion in 2023 growing at a CAGR of 5.1% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Goat Milk Market size accounted for USD 12.3 Billion in 2023, growing at a CAGR of 5.1% from 2023 to 2033. Goat milk is milk produced by goats, and it is consumed as a dairy product. It has been used for centuries as a source of nutrition, especially in regions where goats are more prevalent than cows. The composition of goat milk is similar to that of cow's milk, but there are some differences in terms of fat globule size, protein structure, and lactose content.

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Goat milk is considered by some to be easier to digest than cow's milk. It contains smaller fat globules and different proteins, which may be more tolerable for some individuals, particularly those with lactose intolerance. Goat milk is a good source of various nutrients, including protein, calcium, phosphorus, magnesium, and vitamins. The growing awareness of health and nutrition has led some consumers to seek alternative dairy products, and goat milk is often perceived as a healthier option due to its nutritional profile. Goat milk has lower lactose content compared to cow's milk, making it a suitable option for people who are lactose intolerant.

Key Players
Some of the major Goat Milk Market players holding high market shares include Ausnutria Dairy Corporation Ltd., AVH Dairy Trade B.V., Goat Partners International, and Granarolo S.p.A. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include 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.

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Segmental Analysis
Based on product, the Goat Milk market is segmented into Milk, Cheese, Milk Powder, and Others. Goat milk is the most widely consumed goat milk product, accounting for a significant portion of the overall market. It is consumed directly or used to make various dairy products, including cheese, yogurt, and ice cream.
Based on distribution channels, the Goat Milk market is Hypermarkets & supermarkets, Convenience Stores, Specialty Stores, Medical and pharmacy Stores, and Online. Hypermarkets and supermarkets offer a vast selection of goat milk products at competitive prices, making them the most popular distribution channel for goat milk. They cater to a broad customer base, including health-conscious consumers seeking alternatives to cow's milk.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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