Goat Milk Derivatives Market

Market Overview:

Goat milk derivatives can be defined as derivatives which are obtained from the goat milk. Goat milk provides various nutritional benefits such as protein, calcium and fats. Goat milk contains more protein than rice milk or almond milk. It is easier to digest.  Goat milk derivatives possess antioxidant and anti-inflammatory properties and thus, help to prevent allergic diseases in infants and also improve minor digestive issues. The global Goat Milk Derivatives market was valued at around USD 7.4 billion in 2020 and is expected to register a CAGR of 4.5% during the review period to reach to around USD 10.6 billion by end of 2030.

Goat Milk Derivatives Market Report Scope

Market Segmentation:

By type, the goat milk derivatives market has been segmented into full cream goat milk powder, skimmed goat milk powder, goat whey protein concentrate, goat demineralized whey powder, goat lactose and others. The skimmed goat milk powder segment accounted for the largest market share in 2020 and is expected to register significant growth during the review period.  Skimmed goat milk powder is being used in various products which includes yogurt, icecream, baby foods, and dairy dessert among others. Skimmed goat milk power is primarily used for the applications where a low fat content is required. It is produced by spray drying skimmed goat milk. Goat whey protein concentrate is expected to register considerable growth during the review period. Goat whey protein is produced by cold-filtering or cold-pressing goat milk to harvest the natural whey, which is then dehydrated to pull out the moisture. Goat whey has high biological value and high levels of branched-chain amino acids. Goat demineralized whey powder segment growth is expected to be driven by increasing demand for infant nutritional food products. Demineralized whey is obtained by removing a portion of the minerals from pasteurized whey using physical separation techniques such as filtration, precipitation or dialysis.

By application, the global goat milk derivatives market has been segmented into infant formula, cheese, yogurt, ice cream, and others. The infant formula segment accounted for the largest market share in 2020 and is expected to grow at a significant CAGR during the review period. The segment growth can be attributed to increasing demand for nutritional food products for infants. Rising consciousness among consumers pertaining to the health of their children is likely to propel the segment growth at a significant rate during the review period. Increasing demand for nutritious bakery products is another important factor expected to drive the market growth substantially.  

Market Dynamics and Factors:

The growth of the global goat milk derivatives market is primarily driven by the increasing consumption of protein-rich diets coupled with rising health awareness among consumers across the geographies. Rising incidences of chronic illnesses due to changing lifestyles and growing fitness trends, particularly among the millennial population, is the key factor driving the consumption of nutrition rich products. In addition to this, various awareness campaigns run by government agencies, nongovernmental organizations, and companies have boosted consumption of nutritional food products. Furthermore, increasing consciousness among consumers pertaining to health of the infants is likely to result in increased demand for nutrition rich infant foods and thus, goat milk derivatives market.

Growing demand for lactoferrin in sports and infant nutritional products in the developing countries is expected to create lucrative opportunities for the players operating in the global goat milk derivatives market during the review period.

However, prevalence of stringent regulations pertaining to food allergens is likely to hamper the goat milk derivatives market growth.

Geographical Analysis:

By geography, the global goat milk derivatives market has been segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. The market in North America accounted for the largest share in 2018 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to high consumption rate of nutrition rich food products particularly in US in order to maintain a healthy lifestyle.

The market growth in Europe is driven by increasing consumption of healthy food products to overcome nutritional deficiency.  The health and wellness trend in the region is the key factor driving the demand for goat milk derivatives to overcome chronic health issues.

The Asia-Pacific market is expected to grow at a considerable CAGR on account of increasing consumer awareness about maintaining a healthy and balanced life. Prevalence of a large number of infant populations coupled with rising consumer awareness about maintaining health of the infants is the key factor driving the product demand in the region. China and India are the key countries contribution to the goat milk derivatives market growth in the region. Changing lifestyle and unhealthy eating habits coupled with expanding working populace and rising per capita disposable income is likely to fuel the demand for nutrition rich products and thus, goat milk derivatives market.

The market in Latin America and the Middle East & Africa is expected to be driven by increasing spending on healthy and nutrient rich food products coupled with rising health awareness and per capita disposable income of the consumers.

Key Market Segmentation

Global Goat Milk Derivatives Market, By Type

o    Full Cream Goat Milk Powder

o    Skimmed Goat Milk Powder

o    Goat Whey Protein Concentrate

o    Goat Demineralized Whey Powder

o    Goat Lactose

o    Others

Global Goat Milk Derivatives Market, By Application

o    Infant Formula

o    Cheese

o    Yogurt

o    Ice Cream

o    Others

Global Goat Milk Derivatives Market, By Region

North America

o    US

o    Canada

o    Mexico

Europe

o    Germany

o    UK

o    France

o    Italy

o    Spain

o    Rest of Europe

Asia-Pacific

o    China

o    India

o    Japan

o    South Korea

o    Rest of Asia-Pacific

Middle East and Africa

South America