Goat Milk Formula Market
Goat Milk Formula Market Analysis By Type (First class, Second class (6-12 months), Third class (1-3 years)), By Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores), By Packaging Type (Bottle, Tetra packaging) & By Region - Global Insights 2022 to 2032
Analysis of Goat Milk Formula Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Goat Milk Formula Market Outlook (2022 to 2032)
“The global goat milk formula market is likely to register an average higher-digit CAGR over the forecast period”
The global market of goat milk formula is likely to increase in the forecast period owing to its enormous use in cheese products and dietary supplements. According to Fact.MR, its market is likely to grow at an average higher-digit CAGR (compound annual growth rate) in the forecast period.
APEJ dominated the global market for goat milk formula in 2018. North America and Europe are expected to witness a sizable rise in the overall sales of goat milk formula. Countries including the U.S., China, India, Brazil, and Japan among others are expected to witness a significant market share of goat milk formula. North America is expected to register a higher CAGR than other regions, owing to the rising trend of health consciousness among consumers.
The goat milk formula market is valued at USD 1.51 Billion in 2022. The market is anticipated to grow and cross a valuation of USD 3.26 Billion by end of 2032. Furthermore, this market is expected to grow with a CAGR of 8% in the forecast period.
| Report Attributes | Details |
|---|---|
| Market size (2022 A) | USD 1.51 Billion |
| Base Year for Estimation | 2022 |
| Forecast duration for this research | 2022 to 2032 |
| Forecasted Market value (2032 F) | USD 3.26 Billion |
| Global Market Growth rate (2022 to 2032 E) | CAGR of 8% |
| Key Companies Profiled | DGC; Danone; Ausnutria Dairy Corp Ltd; Baiyue youlishi; YaTai-Precious; Red Star; Guanshan; MilkGoat; Herds |
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What drives the need for goat milk formula?
Goat milk formula has similar prebiotic properties as human breast milk. Recent research has revealed that goat milk formula contains 14 naturally occurring prebiotics oligosaccharides, of which five are found in human breast milk. The goat milk formula is primarily manufactured and marketed for goat’s milk as the main raw additive for feeding babies and infants. The goat milk formula is usually prepared for cup-feeding or bottle-feeding. Cow milk formula contains ‘A1 casein’, which causes allergic reactions or inflammation among infants resulting in abdominal cramping and diarrhea.
Goat milk formula also contains ‘A2 casein’, which is also found in human breast milk and can be digested by infants without having any side effects. Further, fat globules existing in goat milk formula are comparatively smaller in diameter, which allows easier digestion of up to 94% among infants. The demand for goat milk formula in infant nutrition formula is fuelling the market drastically. Millennial mothers are now more aware of the importance of taking care of their baby’s health. Thus, there is an increase in demand for goat milk formula, which is highly nourishing and easily digestible, among health-conscious consumers.
The goat milk formula is anticipated to see a rise in demand owing to the preference for this product as an alternative to cow milk. The ease of digestion in goat milk is the reason for its preference instead cow milk in the case of children. This is likely to become a major factor driving growth in this market in the forecast period.
What restricts the growth in the goat milk formula?
The market being unorganized likely to create complexity for new entrants. Endemic diseases have an impact on goat milk production. limited feedstock due to increasing urbanization is affecting the goat farming fields. The limitation of grazing land due to increased deforestation is a challenge faced by the market. Production efficiency, waste management, and greenhouse emission are some key challenges faced by manufacturers.
“Impact of Covid-19: sluggish supply chain Network”
The recent pandemic of covid-19 has affected severely the supply chain network of firms across all industries. The management of operations was disrupted due to lockdowns and restrictions. The accelerated transportation costs and higher distribution costs associated with the products declined sales during the period.
There were limitations imposed by governments on non-essential imports and exports which resulted in border closures globally. While global lockdowns made people stay locked in their homes for months which affected demand during the period. The dairy and food industry started to work on the recovery of sales and demand-supply post-covid-19 pandemic. This is expected to mark an upward growth trajectory for product sales in the market in the forecast period.
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Opportunities for Market Participants
Owing to the multiple nutritional benefits the demand for goat milk is likely to increase in the forecast period. This demand is anticipated to open the market for the participants. Moreover, the regional markets of South Asia and East Asia are expected to rise in global value share. One of the significant factors that can shape the future of this market is being preferred for baby food in cup feeding and bottle feeding.
Segment Wise Insights
The market is segmented on the basis of type, distribution channels, and packaging. Offline sales channels dominate the largest revenue share at present which is more than 75% in 2022. The offline distribution segment consists of sales through supermarkets, specialty stores, and grocery retailers.
The local retail segment is expected to increase in revenue share in the upcoming period owing to its accessibility and wide supply chain network. The online channels of distribution are also projected to notice a high growth trajectory in the forecast period.
Online commerce is expected to record the highest CAGR owing to increasing penetration. Company-owned websites are also widely being preferred by customers for buying products directly from the brand. Third-party platforms such as Walmart are anticipated to record maximum sales in the forecast period.
“Tetra Packaging to retain freshness and quality of goat milk formula”
Based on the packaging the premium bottle pouches are dominating the segment in the market. The ease and handling are reasons why bottle pouches are in demand. The tetra packages are also anticipated to gain the fastest growth in the forecast period owing to their aseptic environment where food is prevented from bacterial insertion. The tetra packs have proven to maintain the freshness and nutrition of products for longer which is likely to impel greater market size in the forecast duration.
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Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
The global market for goat milk formula comprises several developers, who are primarily converging on developing an advanced version of goat milk formula mainly for nutrition products. The companies engaged in the manufacturing and distribution of goat milk formula are focused on expanding their business footprint by enhancing their product portfolio related to the goat milk formula. Some key market participants are DGC, Danone, Ausnutria Dairy Corp Ltd, Baiyue youlishi, YaTai-Precious, Red Star, Guanshan, MilkGoat, Herds, Fineboon, Jinniu, Shengfei, ShengTang, Holle, DANA Dairy, Vitagermine, and other prominent players.
Regional Outlook
North America and Europe are expected to gain good traction in goat milk formula manufacturing. The proliferating goat milk is seen as an alternative to breast milk and is the primary factor fuelling demand for the goat milk market.
Asia Pacific goat milk formula is likely to gain growth in the forecast period due to the demand for alternatives by working women in these regions. The rising no of women in the workforce is fuelling demand for these products. The mothers are looking at it as an alternative option that is likely to gain attention in this market.
Goat Milk Formula Market : Segmentation
-
On the basis of Type :
- First class (0-6 months)
- Second class (6-12 months)
- Third class (1-3 years)
-
On the basis of Distribution Channels :
- Hypermarkets & supermarkets
- Connivance stores
- Specialty stores
- Medical & pharmacy stores
-
On the basis of Packaging Type :
- Bottle packaging
- Tetra packaging
-
On the basis of Geographical Regions :
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
- Emerging Countries
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Type
- 6.2. Distribution Channels
- 6.3. Packaging Type
- 7. Global Market Analysis and Forecast, By Type
- 7.1. First class (0-6 months)
- 7.2. Second class (6-12 months)
- 7.3. Third class (1-3 years)
- 8. Global Market Analysis and Forecast, By Distribution Channels
- 8.1. Hypermarkets & supermarkets
- 8.2. Convenience stores
- 8.3. Specialty stores
- 8.4. Medical & pharmacy stores
- 9. Global Market Analysis and Forecast, By Packaging Type
- 9.1. Bottle packaging
- 9.2. Tetra packaging
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Type, Distribution Channels, and Packaging Type for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. DGC
- 20.2. Danone
- 20.3. Ausnutria Dairy Corp Ltd
- 20.4. Baiyue youlishi
- 20.5. YaTai-Precious
- 20.6. Red Star
- 20.7. Guanshan
- 20.8. MilkGoat
- 20.9. Herds
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List Of Table
Table 1: Global Market US$ Bn Forecast by Region
Table 2: Global Market US$ Bn Forecast by Type
Table 3: Global Market US$ Bn Forecast by Distribution Channels
Table 4: Global Market US$ Bn Forecast by Packaging Type
Table 5: North America Market US$ Bn Forecast by Country
Table 6: North America Market US$ Bn Forecast by Type
Table 7: North America Market US$ Bn Forecast by Distribution Channels
Table 8: North America Market US$ Bn Forecast by Packaging Type
Table 9: Latin America Market US$ Bn Forecast by Country
Table 10: Latin America Market US$ Bn Forecast by Type
Table 11: Latin America Market US$ Bn Forecast by Distribution Channels
Table 12: Latin America Market US$ Bn Forecast by Packaging Type
Table 13: Western Europe Market US$ Bn Forecast by Country
Table 14: Western Europe Market US$ Bn Forecast by Type
Table 15: Western Europe Market US$ Bn Forecast by Distribution Channels
Table 16: Western Europe Market US$ Bn Forecast by Packaging Type
Table 17: Eastern Europe Market US$ Bn Forecast by Country
Table 18: Eastern Europe Market US$ Bn Forecast by Type
Table 19: Eastern Europe Market US$ Bn Forecast by Distribution Channels
Table 20: Eastern Europe Market US$ Bn Forecast by Packaging Type
Table 21: East Asia Market US$ Bn Forecast by Country
Table 22: East Asia Market US$ Bn Forecast by Type
Table 23: East Asia Market US$ Bn Forecast by Distribution Channels
Table 24: East Asia Market US$ Bn Forecast by Packaging Type
Table 25: South Asia & Pacific Market US$ Bn Forecast by Country
Table 26: South Asia & Pacific Market US$ Bn Forecast by Type
Table 27: South Asia & Pacific Market US$ Bn Forecast by Distribution Channels
Table 28: South Asia & Pacific Market US$ Bn Forecast by Packaging Type
Table 29: MEA Market US$ Bn Forecast by Country
Table 30: MEA Market US$ Bn Forecast by Type
Table 31: MEA Market US$ Bn Forecast by Distribution Channels
Table 32: MEA Market US$ Bn Forecast by Packaging Type
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Insights on import/export production,
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Distribution Channels
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Distribution Channels
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Distribution Channels
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Distribution Channels
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Distribution Channels
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Distribution Channels
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Distribution Channels
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Distribution Channels
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much is worth of goat milk formula industry at present?
The goat milk formula market is valued at USD 1.51 Billion in 2022.
What is the future market lookout for this industry?
The market is anticipated to grow and cross a valuation of USD 3.26 Billion by end of 2032.
What is the growth rate for the segment in the forecast period?
This market is expected to grow with a CAGR of 8% in the forecast period.
Why is goat milk formula anticipated to gain high growth potential?
The goat milk formula market has high growth potential due to the increasing demand for natural baby food.
Who are the key players in the market?
The key market players are- • DGC, • Danone, • Ausnutria Dairy Corp Ltd, • Baiyue youlishi, • YaTai-Precious, • Red Star, • Guanshan, • MilkGoat, • Herds, • Fineboon, • Jinniu
Goat Milk Formula Market