DUBLIN, May 19, 2022--(BUSINESS WIRE)--The "Global Goat Powdered Milk Market Outlook: Global Opportunity and Demand Analysis, Market Forecast, 2020-2028" report has been added to ResearchAndMarkets.com's offering.
The global goat powdered milk market is forecast to grow at a CAGR of roughly 9.8% from 2020 to 2028.
The increase of the latest trade benefits that aid the supply of dairy products with the assistance of chillers and cold chain logistics for categories like yogurt and fresh milk will propel the expansion of the market. The worldwide goat powdered milk market is driven by breastfeeding rates, increasing infant population, and trending bottle-feeding culture across countries. North America and Europe are the biggest chevre producers in the global market.
The market research report provides in-depth marketing research and segmental analysis of the worldwide goat powdered milk market by product type, end-products, distribution channels, and geography.
Its market dynamics for the 2020-2028 period cover an in-depth overview of various market growth enablers, restraints, and trends. The study includes both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating within the global goat powdered milk market.
The growing trend of health consciousness among people is predicted to extend significantly among the population during the forecast period.
Goat milk is gaining popularity across the planet. Approximately 65% of the worldwide population consumes goat milk over cow milk. Goat milk features a lot of nutritional benefits. It's less likely to cause lactase deficiency and is simpler to digest than cow milk or other dairy alternatives. Because the world shifts towards higher consumption of goat milk and goat milk products, the demand for goat powdered milk is probably going to increase globally. The growing trend of health consciousness among people, which is currently seen only among certain segments of society, is predicted to extend significantly among the population during the forecast period. The younger generation is now more conscious of the importance of taking care of their health. Thus, there's a growing demand for goat milk and products that are highly nutritious and simply digestible amongst the health-conscious population.
The worldwide goat powdered milk market by product type is assessed into skimmed and full-cream powdered milk. The skim milk powder segment accounted for nearly half of the total market share in 2019, growing at a CAGR of nearly 9.5% during the forecast period. changing food habits and health issues like obesity and high cholesterol are fueling the expansion of this segment within the global market. Full-fat milk is employed for a spread of foods like ice-cream and cheese and in cosmetics like soaps in the global market. The rising demand for infant formula is driving the demand for full-cream powdered milk within the market. FIT, CBM, AVH Dairy, and Red Star are offering full-fat products within the global goat powdered milk market.
The better digestibility of those products makes them a highly suitable alternative for people with cow's milk allergies and lactose malabsorption within the market. Artisan du Chocolate, Mast Brothers, Manao Chocolates, Billy Stuff, and Jordi Chocolates are a number of the most popular chocolate brands in the global goat powdered milk market.
Asia Pacific is the fastest-growing region in the global goat powdered milk market.
The geographical segment within the global goat powdered milk market is categorized into APAC, Europe, North America, Latin America, and MEA. At a CAGR of around 11% during the forecast period, Asia Pacific is the fastest growing region in the worldwide market. Growing disposable income, westernization, rising demand for infant formula from Chinese mothers, and the increasing impact of social media are some of the major factors contributing to the growth of the APAC region in the global market.
The increasing demand for organic and natural foods across Europe will fuel the expansion of this region within the global market. The rising demand for goat cheese and the number of lactose-intolerant people are driving the demand across the North American market. The increasing income, growing urbanization, and the burgeoning health-conscious population across MEA will positively impact the global goat milk powder market.
Leading players of Industrial Goat Milk Powder include:
Ausnutria Dairy Corporation (Hyproca)
Shanxi Red Star
Scope of the Report
Skimmed Milk Powder
Full Cream Milk Powder
By Sales Channel
Rest Of The World
For more information about this report visit https://www.researchandmarkets.com/r/3rxuuj
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220519005539/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900