Online distribution channels are the fastest growing segment in the global goat milk products market.
Arizton’s recent market research report on the goat milk products market identifies Dairy Goat Co-operation (DGC), Ausnutria Dairy Corporation Ltd, AVH Dairy Trade B.V., Delamere Dairy, Stickney Hill Dairy, Goat Partners International, Meyenberg Goat Milk Products, Granarolo Group, FIT Company, Baiyue Group, and Groupe Lactalis as the leading vendors that are likely to dominate the market during the forecast period. This research report provides detailed analysis of market segmentation by product (goat cheese, milk powder, packaged milk, UHT milk, and others), by distribution channel (hypermarkets & supermarket, convenience store, specialty stores, medical & pharmacy store, online, and others), and by geography (APAC, Europe, North America, Latin America, and MEA).
The goat milk products market is projected to generate revenues of around $15 billion by 2024, growing at a CAGR of more than 7% during 2018-2024.
The goat milk products market is divided into three major segments that consist of by product, distribution channel, and geography.
Europe to grow at a considerable CAGR in the goat milk products market during the forecast period
The goat milk products market by geography is segmented into APAC, Europe, North America, Latin America, and MEA. Europe dominated the largest market share in 2017, growing at a CAGR of over 5% during the forecast period. The growing number of goat farms, rise in the number of goat milk products, and the growing demand for organic and natural food products are some of the primary factors attributing to the growth of the European region. The easy availability across major hypermarkets and superstores of retailers including Carrefour, Tesco, and Walmart will propel the adoption of these products in the European market. The increasing awareness about the nutritional benefits of this diary will boost the sales in the European goat milk products market. The calcium content and easy digestibility of goat cheese are driving the growth of the European market. Goat cheese very popular across European countries such as Germany, France, United Kingdom, Spain, and the Netherlands. The manufacturers are launching new premium flavors such as walnut, fig, caramelized onions, and rose petalsto attract a maximum number of consumers in the global goat milk products market. The growing traction towards the consumption of goat milk yogurt, ice cream, butter, and other dairy derivate products will drive revenues across the European market during the forecast period.
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UTH milk segment to grow at a significant CAGR in the goat milk products market during the forecast period
The product type segment in the global goat milk products marketis classified into goat cheese, milk powder, packaged milk, UHT milk, and others. UTH milk segment to grow the fastest in the global market, at a CAGR of over 9% during the forecast period. The longer shelf life and pasteurized nature of UTH milk are propelling the demand for these products in the global market. The milk products are easy to store and are safe to consume due to its longer shelf life. The rising demand for organic, non-GMO, and natural food products are contributing to the sale of these products in the global goat milk products market.UHT milkareapproximately 50% cheaper than the fresh milk. The vendors are tapping the recent trend offlavored milk and launch new products to maximize profits and tap the opportunities in the global market. North America and Europe together account for three fourth of the market in 2018. The rapidly changing lifestyle and growing need for on-the-go consumer food products will propel the growth of this segment in the global goat milk products marketover the next few years.
Online channels to grow at the fastest CAGR in the goat milk products market during the forecast period
The global goat milk products market by distribution channel is divided into hypermarkets & supermarket, convenience store, specialty stores, medical & pharmacy store, online, and others. Online segment is the fastest growing segment in the global market, growing at a CAGR of 15% during the forecast period. The rise ofbetter internet connectivity across developed and emerging nations is encouraging consumers to shop through online websites in the global goat milk products market. Various countries are focusing on enhancing their digital economies by increasing internet penetration and deploying LTE networks. Online retail stores are offering a wide variety of products from different sellers to attract a maximum number of consumers. Advanced mobile networks such as LTE have reached about 53% of the global population. The availability of home delivery with free exchange facilities will result in more consumers shopping online in the globalgoat milk products market.
The other prominent players operating across the global goat milk products market are 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 also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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