Goat Milk Derivatives Market Size, Segments, Share and Growth Factor Analysis Research Report 2029
Posted on Feb 6 2023 9:50 AM
"The market is anticipated to emerge significantly during the forecast period owing to the increasing awareness regarding its nutritional benefits. "
The global goat milk derivatives market size is expected to grow due to the increasing demand and unique characteristics such as higher oligosaccharides and vitamin A contents. Fortune Business Insights™ publishes this information in an upcoming report titled, "Goat Milk Derivatives Market, 2022-2029".
Adoption of Nutritious Food Products To Propel Market Growth
Due to the spread of the corona virus, the population has changed their dietary preferences and adopted nutritional food products in their daily consumption. These factors and raising awareness about healthy eating habits have bolstered the goat milk derivatives market growth during the pandemic period. Also, the beneficiary characteristics of goat milk for children are expected to drive the market further in the coming years.
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By type, the market is divided into full cream goat milk powder, skimmed goat milk powder, goat whey protein concentrate, goat demineralized whey powder, goat lactose, and others.
Based on application, the market is categorized into infant formula, cheese, yogurt, ice cream, and others.
Finally, by geography, the market share is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
The research report sheds light on the recent developments and trends in the industry. Also, the drivers and restraints affecting the market growth during the pandemic are highlighted further in this report. The impact of COVID-19 pandemic on global market growth is mentioned further in this report. Also, the regional analysis of the key segmented area is given further, along with the prominent regional players. A list of key market players is given along with the recently launched introduced by these players.
Drivers & Restraints:
Rising Demand For Nutritional Dairy Products To Bolster Market Growth
The market is anticipated to emerge significantly during the forecast period owing to the increasing awareness regarding its nutritional benefits. The rising adoption of goat milk as a convenient alternative to cow milk is expected to fuel the market growth during the forecast period. Goat milk derivatives help in developing bone health and suppressing immune-related disorders. These factors are expected to drive market growth.
However, the easy availability of alternative products may hamper the market growth in the coming years.
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North America Dominates Global Market Share Due To Increasing Disposable Income
North America is expected to dominate the global goat milk derivatives market share during the forecast period. The rising population and increasing disposable income are anticipated to fuel the regional market growth.
Europe is anticipated to grow at a higher CAGR during the projected period owing to the rising demand for goat milk derivative products among the population. Also, the increasing awareness regarding the benefits of health supplements is anticipated to bolster regional growth.
Launching New Products Allow Key Players To Enhance Their Product Portfolio
The leading market players focus on launching new goat milk products and their derivatives to enhance their product portfolio. Also, the companies focus on expanding their business reach by globalizing their brand through forming strategic alliances and partnerships with supporting organizations. The prominent players launch new products according to the customer needs and demands to propel growth.
Key Industry Developments:
- March 2022: Aadvik Foods is the first company to process and launch Goat milk and its derivatives, such as the market's 100% Natural Goat Milk Powder range. 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.
- 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.
List of Key Players Profiled in the Market Report for Goat Milk Derivatives:
- 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.)
- Hoogwegt Groep B.V. (Netherlands)
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