Rapidly changing food habits and the growing health disorders are expected to drive the global goat milk powder market growth.
Arizton’s recent market research report on the global goat milk powder market identifies Dairy Goat Co-operation (DGC), FIT Company, Goat Partners International, Meyenberg Goat Milk Products, and Bai Yue Group as the leading vendors that are likely to dominate the market during the forecast period. The research report provides a detailed market segmentation(skimmed and full cream milk powder), end-products (infant & follow-on formula, cheese, dietary supplements, yogurt, chocolate, and others), distribution channels (hypermarkets & supermarkets, convivence stores, specialty stores, medical & pharmacy stores, and others), and geography (APAC, Europe, North America, Latin America, and MEA).
The global goat milk market is estimated to reach around $15 billion by 2024, growing at a CAGR of more than 7% during 2018–2024.
The global goat milk market is divided into four major segments product type, end-products, distribution channels, and geography.
Changing food habits is expected to drive the global goat milk market
The rapidly changing food habits and the growing health disorders such as obesity and diabetes are expected to drive global goat milk market growth. The growing demand for natural dairy products with high nutritional benefits and low fat content among health-conscious end-users is expected to contribute to the popularity of goat cheese in the global market. The unique taste and flavor is aiding vendors to promote goat milk worldwide. The presence of low saturated fats and cholesterol in goat cheese helps to reduce cardiovascular diseases. Germany, Spain, and the UK are the largest consumers of goat milk and its products. Also, the introduction of new flavors and tastes will help vendors to gain the global market share.
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Increase in Mergers and Acquistions
The increasing demand for goat milk products in countries such as the US, China, France, Germany, and other countries is driving several major players to adopt inorganic growth strategies to strengthen their market position. Since 2008, Emmi Group, a Swiss dairy giant, has been pursuing growth in niche dairy products such as goat milk. The group entered the goat milk market in 2010 with the acquisition of Cypress Grove, US-based company and Le Petit Chevrier, and Swiss-based company. Emmi Group has increased its goat dairy product business over the years with the acquisitions of several other goat dairy companies worldwide. In 2015, Emmi Group acquired Redwood Hill Farm based in Sebastopol, California. Redwood Hill is one of the popular brands in the US market for its goat milk yogurt and kefir.
Walmart, Whole Foods Market, Costco, and Kroger are leading dairy products providers in North American. Auchan, Tesco, Carrefour, and Argos, on the other hand, are major retails in the European market.
Other prominent vendors include Hay Dairies, Kavli, Summerhill Goat Dairy, VitaGermine, Holle, Fineboon, Woolwich Dairy, Redwood Hill Farm and Creamery, The Good Goat Milk Company, and Cherry Glen Goat Cheese Co.
The complete overview of the latest market research report on the global goat milk market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides market sizing and forecast for major geographical regions and key countries.
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