Goat Milk Market Size, Trends and Growth Analysis by 2027

The global goat milk market was valued at approximately US$ 13,559.55 million in 2018 and is anticipated to reach US$ 17,440.72 million by 2027, reflecting a compound annual growth rate (CAGR) of 3.0% throughout the forecast period.

Goat milk is recognized for its rich nutritional profile, containing essential minerals and vitamins. It boasts higher levels of potassium, iron, and vitamin A compared to cow's milk, making it a highly nutritious option. Additionally, goat milk has a protein structure that closely resembles that of human breast milk, which enhances its digestibility compared to cow milk. While the majority of dairy goats are found in developing nations, breeding initiatives are primarily focused in North America and Europe. Genetic advancements in dairy goat breeding have led to significant increases in milk yields and extended lactation periods. Consequently, specialized dairy goat breeds in developed regions exhibit superior genetic potential for milk production compared to those in other areas. In recent years, these specialized breeds have been exported to various developing countries, where they have been crossbred with local breeds to enhance milk output.

Moreover, goat milk has gained traction in the personal care sector, being incorporated into numerous cosmetic products. Its natural neutral pH and lactic acid content make it a preferred ingredient in skincare formulations, including lotions, soaps, creams, and cleansers. The inherent high-fat content of goat milk also contributes to its effectiveness as a skin moisturizer. As a result, the increasing popularity of goat milk in the personal care industry is projected to significantly boost the growth of the goat milk market.

The goat milk market is categorized based on product types, including milk, cheese, milk powder, and other products. In 2018, the milk segment dominated the global goat milk market. The market is propelled by rising health awareness among consumers and a growing demand for goat milk in personal care applications. The cheese segment is expected to capture a substantial market share in 2018 and is projected to experience the fastest growth during the forecast period. Goat milk powder is available in two varieties: skimmed milk powder and full cream milk powder. The baby food sector is a crucial driver for the growth of this segment, as it increasingly incorporates goat milk products.

North America emerged as the leading region in the global goat milk market. The growing recognition of the nutritional benefits of dairy products, heightened health consciousness, and the increasing appeal of goat milk due to its diverse health advantages are key factors anticipated to drive market growth in this region. Additionally, shifts in food and beverage consumption patterns, modern dietary preferences, and the fast-paced, health-oriented lifestyles of consumers in the Asia-Pacific (APAC) region are significantly influencing the goat milk market. Beyond packaged food available in retail outlets and supermarkets, the rising demand for skimmed milk among consumers is also contributing to the growth of the goat milk market.

Key players in the global goat milk market include Delamere Dairy, Emmi Group, Hay Dairies Pte Ltd., Goat Partners International, Inc., Kavli Food, and Ausnutria Dairy Corporation Ltd.. These companies offer a diverse array of goat milk products for the food and beverage sector. They are committed to delivering high-quality goat milk products with various grades and exceptional properties. Recognizing the vast potential within the goat milk market, these companies are focusing on expansion, acquisitions, and the development of new products. For instance, in 2019, Kavli Food Solutions announced its strategy to broaden its customer base by collaborating closely with the prominent foodservice wholesaler, Brakes. This strategic partnership enables Kavli to better understand customer needs and provide high-quality solutions that align with its objectives as a foodservice brand.