Goat Milk Derivatives Market Size, Share and Analysis By Type (Full Cream Goat Milk powder, Skimmed Goat Milk Powder, Goat Whey Protein Concentrate, Goat Demineralized Whey Powder, Goat Lactose, Others), ByApplication (Infant Formula, Cheese,Yogurt, Ice Cream, Others) and Geography Forecast till 2023-2030

In recent years, goat milk and goat milk derivatives have increased consumers' attention in developing countries. Currently, goat milk is gaining a lot of traction due to its unique characteristics, such as higher Vitamin A and oligosaccharides content as compared to cow's milk which makes it an obligatory part of the human diet. Therefore, goat milk has been recognized as one of the emerging "functional food" that has created awareness due to its nutritional properties amongst consumers. Goat milk is considered a convenient alternative to cow milk; as it has a higher digestibility rate and is suitable for people suffering from milk allergies. Goat milk or derivatives contribute several health benefits by building bone health and suppressing immune-related disorders. Thus, the spike in demand for goat milk or derivatives is attributing several opportunities for the food industry to focus on the growing demands for goat milk derivatives across the globe.

Goat milk is a vital source of essential nutrients such as minerals, vitamins, fats, calcium, magnesium and phosphorus, protein, and sugar that can fulfill the daily requirements of individuals. Goat milk is widely used to produce various products such as butter, cheese, yogurt, flavored milk, sweets, candies, ice cream, fermented milk, curd, and condensed milk. The presence of various goat milk derivatives companies in the market, such as AVH Dairy Trade B.V, Goat Partners International Inc., Estrel Ingredients, and others, further grows the market.

Impact of COVID-19 on Goat Milk Derivatives Market

The current pandemic phase has crucially impacted the consumers' way of living, necessitating them to choose better dietary options to help sustain health and wellness. Such changes have influenced the consumer's acceptance of nutritious rich options, which has helped the goat milk market to propell across the globe. According to the Anadolu Agency, a Turkish state news agency, goat milk is advisable to consume to combat the risk of the viral-coronavirus disease. In addition, it was also observed that the peptide-protein present in the beta-lactoglobulin can effectively suppress the incidences of the coronavirus in the population.

Key Insights

The report will cover the following key insights into the Goat Milk Derivatives Market:

• Overview of parent/related market


• Drivers, restraints, and opportunities


• Key Trends and Innovations in the Goat Milk Derivatives Market


• Regulatory Analysis


• Impact of COVID-19 on the Goat Milk Derivatives Industry

Analysis by Applications

Based on the applications, the goat milk derivatives market is further segmented into infant formula, cheese, yogurt, and ice creams. The sudden change in consumers' perceptions of goat milk derivatives has, therefore, increased the demand for goat milk derivatives worldwide. Instances such as lifestyle changes, increased working independency, and awareness regarding healthy diets have hugely poised the goat milk derivatives industry.

Regional Analysis

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North America accounts for the largest share of the goat milk derivatives products in the region. In addition, Europe also witnessed a prominent growth in the goat milk derivatives market segment. The factors responsible for the demand for goat milk derivatives are population growth, increased disposable income among consumers, and awareness about the health supplements globally.

Key Players

This report includes the profile of prominent key players such as AVH Dairy Trade B.V. (Netherlands), Lacteas Cobreros SA (Spain), Ausnutria Dairy Ingredients (Netherlands), Leeb Biomilch Gmbh (Austria), Goat Partners International Inc. (U.S.), Estrel Ingredients (Spain), Eurial (France), Prolactal (Spain), A & E Connock LTD (U.K.) and, Hoogwegt Groep B.V. (Netherlands).

Segmentation

Key Industrial Developments

• In March 2022, the company Aadvik Foods, the first company to process and launch the Goat milk and its derivatives, such as 100% Natural Goat Milk Powder range in the market. In addition, the company also promotes camel and donkey milk derivatives globally. The company also focuses on launching camel, donkey, and goat milk skincare product ranges.


• In March 2021, a Rajkot-based player announced products such as lassi and shrikhand made from goat's milk. The market players are experimenting with launching goat milk derivatives to replace the other animal-based products.


• Other players such as NutriGoat, Delhi's Courtyard Farm, and Farm Fresh have already launched the "frozen goat milk" in the market.