The global goat milk products market was valued at USD 7.3 billion in 2022 and is projected to expand at a CAGR of 6.2% from 2023 to 2030. The increasing demand for goat milk products such as cheese and yoghurt is attributed to the growing health consciousness among consumers. Goat milk is gaining popularity due to its benefits, such as being easier to digest than cow’s milk and containing higher levels of calcium, phosphorus, and potassium. Furthermore, goat milk is a low-fat dairy option and is rich in minerals, vitamins, and trace elements. These factors are expected to drive the growth of the market.

The rising popularity of goat milk in infant nutrition is also driving the demand for goat milk products. For instance, in October 2021, The Dairy Goat Co-operative (DGC) launched a new goat milk infant formula in the Netherlands to help meet the growing demand for goat milk products. The product helps to provide balanced nutrition to infants between the ages of 6 and 12 months.

In recent years, companies have been launching new products to meet the growing demand for goat milk products. For instance, in May 2021, Yashili International Holdings Limited launched a range of goat milk-based products, such as goat milk powder, goat milk-based beverages, and goat milk-infused prescription medication. This product launch is expected to further drive the demand for goat milk products in the coming years.

In addition, the rising demand for goat milk products among vegan and lactose-intolerant consumers is propelling the growth of the market. Furthermore, the increasing number of health-conscious consumers is expected to fuel the demand for goat milk products. Favorable government policies and regulations for the promotion of goat milk products are also expected to drive the market growth.

The goat milk segment is expected to dominate the market with a market share of around 43.6% by 2022. This can be attributed to the rising demand for goat milk for health benefits, such as easy digestion, high nutritional value, and the presence of healthy fats and proteins. According to an article published by the University of Liverpool, in August 2019, goat milk contains prebiotic oligosaccharides, which aids in the growth of healthy bacteria in the gut. Furthermore, the presence of several minerals such as calcium, phosphorus, and magnesium, helps in the growth and development of bones and tissues.

The goat cheese segment is anticipated to register the fastest CAGR of 8.5% over the forecast period. This can be attributed to the increasing demand for cheese and other dairy products globally, owing to the rise in health-consciousness among consumers and their preference for nutrient-rich food items. Furthermore, the rising popularity of goat cheese in the foodservice sector, owing to its unique flavor, is driving the market growth. Moreover, various health benefits associated with goat cheese, such as its low fat content and high content of essential minerals, vitamins, and fatty acids, are further propelling the growth of the market.

The supermarkets and hypermarkets segment accounted for the major share of over 41.3% in 2022. The segment’s growth is driven by the consumer’s preference to purchase goat milk products from supermarkets and hypermarkets due to their wide product range and convenience. Furthermore, the availability of goat milk products in supermarkets and hypermarkets also make it easier for consumers to compare different brands, prices, and nutritional values.

The online segment is anticipated to expand at the highest CAGR of 12.6% over the forecast period. The rapid growth of the online channel for goat milk products is attributed to the rise in internet penetration and digitalization. Moreover, the availability of various e-commerce websites and apps makes it easier for consumers to purchase goat milk products from the comfort of their home. In addition, online stores are offering promotional activities such as discounts, free home delivery, and cashback, which is attracting more consumers to purchase goat milk products online.

The fresh goat milk segment accounted for the major revenue share of 77.4% in the year 2022. The increasing health consciousness among consumers, due to the growing awareness about the health benefits of goat milk, is driving the demand for fresh goat milk. This is attributed to its high nutritional value, low lactose content, and richness in flavor. Additionally, the rising trend of drinking goat milk as a substitute for cow milk, in countries such as India, China, and the U.S., is further propelling the demand for fresh goat milk products.

The processed goat milk segment is estimated to expand at the highest CAGR of 9.6% during the forecast period. The increasing demand for goat milk-based dairy products such as cheese, yogurt, and ice cream, is boosting the growth of the processed goat milk segment. Additionally, the rising trend of consuming organic, natural, and health-based goat milk-based products is also aiding the growth of the processed goat milk segment.

Europe is expected to lead the market and account for the largest revenue share of over 37.2% in 2022. The presence of a large goat population, coupled with the increasing demand for goat milk products, are two key factors driving the growth of the market in the region. Moreover, the rising health consciousness among consumers has resulted in an increased demand for goat milk products in the region. For instance, in June 2021, a Switzerland-based company launched a range of goat milk products such as goat milk powder, goat milk soaps, and goat milk lotions.

Asia Pacific is expected to witness the fastest growth over the forecast period. Increasing demand from countries such as India, China, and Japan due to their large population base is expected to drive the growth of the market in the region. Furthermore, the rising popularity of goat milk products as a substitute for cow milk is expected to create opportunities for the growth of the market. For instance, in April 2021, a Japanese company launched a range of goat milk products, including goat milk ice cream, goat milk cheese, and goat milk yogurt.

In this part of the goat milk products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your goat milk products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main sources of revenues for a goat milk products business come from the sale of raw milk, cheese, yogurt, ice cream, and other dairy products. You can also sell goat milk soap and lotions. Here you will find a list with a description of each of them and other possible sources of profit such as farm tours, educational classes, and farm-to-table dinners.

Projecting Expenses
In this section, all the regular expenses related to keeping the goat milk products business running will be described. The list of operating expenses includes feed, pasture maintenance, taxes, wages, advertising, utilities, insurance policies, and others.

Some of the key companies operating in the goat milk products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In August 2022, CapriLac launched the CapriLac Organic Goat Milk Powder range, designed to provide the essential nutrients for healthy growth and development.

– In May 2022, St. Helens Farm launched a range of goat milk-based yogurts, designed to provide a healthy and nutritious snack.

– In July 2022, The Goat Milk Company launched a range of goat milk-based cheeses, designed to provide a delicious and healthy alternative to cow’s milk cheese.

Some of the prominent players in the goat milk products market include:

– CapriLac
– St. Helens Farm
– The Goat Milk Company
– Meadow Creek Dairy
– White Gold Dairy
– Nordic Dairy Foods
– Alpine Valley Foods
– Amish Classic Goat Milk Products
– Yonder Way Farm
– Terrell Creek Farm

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global goat milk products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Milk
– Cream
– Cheese
– Yogurt
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Whole Milk
– Low-Fat Milk
– Skim Milk

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Product Innovation?
[A]: Product innovations such as the introduction of new flavors, packaging, and textures are expected to drive the growth of the global goat milk products market. The growing demand for functional ingredients and health and wellness products is likely to create new opportunities for manufacturers to introduce new products. Additionally, manufacturers are focusing on developing goat milk products with a longer shelf life and improved convenience.

[Q]: Who are the Key Players in the Goat Milk Products Market?
[A]: Major players in the global goat milk products market include Lactalis Group, Arla Foods, Saputo Inc., The Kraft Heinz Company, Danone SA, and Nestlé S.A.

[Q]: Which Region Offers the Largest Opportunity for Sales of Goat Milk Products?
[A]: Asia-Pacific is anticipated to be the most attractive region in the global goat milk products market during the forecast period. This is due to the growing demand for goat milk products in countries such as India, Japan, China, and Australia.

[Q]: What are the factors driving the goat milk products market?
[A]: Increasing consumer awareness about the health benefits of goat milk products, growing demand for natural and organic products, and rising disposable incomes are driving the growth of the global goat milk products market. Additionally, the rise in the number of health-conscious consumers is likely to create new opportunities for manufacturers.