Goat Milk Derivatives Market

Goat Milk Derivatives Market Insights

The goat milk derivatives market is analyzed to deliver positive development in CAGR by 3.8% during the forecast period (2020-2026). Goat milk derivates are the products manufactured by goat milk. Goat milk is derived from goat and is widely consumed by the people living in APAC regions. The adoption of the vegan diet and increase in lactose-intolerant people are the growth deterrents affecting the market whereas the properties of goat milk such as rich in fatty acids and calcium, a nutritional value equivalent to human milk, easy to digest by infants and increase in government aids towards dairy industries are some of the factors affecting the growth of the market. There has been a sudden decline in the growth of the market due to the global pandemic, yet the market is seen to grow to its full potential in the forecast period.

Goat Milk Derivatives Market: By Type

Goat whey protein concentrate, skimmed goat milk powder, and goat demineralized whey powder, others are the types of goat milk derivatives. The skimmed goat milk powder segment will dominate in the forecast period. Inclusion of the internet to boost online sales, increased demand by end-users and increased production of infant formula are the boosters for the growth of the market.

Goat Milk Derivatives Market: By Type of Application

Based on the type of application cheese, ice cream, yogurt, and others are taken into being. Infant formula will see fast growth in this market. An increase in the birth of infants in countries such as India, China, and North America and technological advancements in dairy processing will behave as the drivers for the extension of the market.

Goat Milk Derivatives Market: By Region

Based on the geographical analysis, North America was a preferred and a key region but the Asia Pacific is followed to make an eminent assent in the global market. Inadequate knowledge towards the benefits of goat milk derivatives, an increase in exports, and economic evolution are the factors driving the market demand.

Goat Milk Derivatives Market Share and Competitor Analysis

Goat Partners International Inc., Estrel Ingredients, Eurial, Prolactal, AVH Dairy Trade B.V., Lacteas Cobreros SA, Ausnutria Dairy Ingredients, Hoogwegt Groep B.V., A & E Connock Ltd., and other industries are operating in the market.

Please note: This is not an exhaustive list of companies profiled in the report.

In June 2019,  a study published by RMIT University revealed that goat milk formula has health advantages for the infant’s gut.

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