Market Highlights
Market Research Future (MRFR) studied the global goat milk derivatives market is studied from the study period. MRFR study reveals that the goat milk derivatives market is likely to surge at 4.71?GR in the study tenure. The global goat milk derivatives market is expected to value at USD 9,817.33 Mn. The rising awareness about high nutritional value of goat milk and increase in consumption of its derivatives as infant formulation are expected to favor the market. Goat milk is fortified with essential vitamins and minerals that makes it a rich source for potassium, and calcium. Thus, the increase in sales of goat milk-derived dairy products, such as; yogurt and cheese, due to their high nutritional value is expected to bolster the goat milk market expansion. In addition, the growing consumption of goat milk derivatives as prebiotic to maintain GIT health and preserve gut microbiome can underline the market surge. Other health benefits of goat milk, such as; in allergy management, CVD, gastrointestinal disorders, osteoporosis, antimicrobial protection, and hypertension that can often, be grouped under chronic issues; and surge in case of such disorders can promote the goat milk market derivative market.
Additionally, goat milk is a good source in the management of certain allergies, gastrointestinal disorders, CVD, osteoporosis, hypertension, colic, and antimicrobial protection. This further expected to drive the goat milk derivatives during the forecast period. Hence, the increasing awareness of the health benefits of goat milk derivatives is anticipated to be a key factor in boosting the market during the forecast period.
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Key Players
MRFR identified some reputed companies in the worldwide goat milk derivatives market that are listed by MRFR. Estrel Ingredients (Spain), Ausnutria Dairy Ingredients (Netherlands), AVH Dairy Trade B.V. (Netherlands), Lacteas Cobreros SA (Spain), Goat Partners International Inc. (US), Hoogwegt Groep B.V. (Netherlands), Leeb Biomilch Gmbh (Austria), Prolactal (Austria), Estrel Ingredients (Spain), Eurial (France), and A & E Connock LTD (UK) are some top-notch players in the worldwide goat milk derivatives market.
Segmental Analysis
The segment study of the global goat milk derivatives market is based on Type and Application.
The type-based segments of the global goat milk derivatives market are full cream goat milk powder, goat whey protein concentrate, skimmed goat milk powder, goat demineralized whey powder, and goat lactose among others. The full cream goat milk powder segment is likely to secure the largest market share of about 42.03% by end of the analysis period. The full cream goat milk powder market is likely to surge at 4.81?GR in the analysis period. The ingression of effective spray-drying solutions and related technologies for acquiring full cream goat milk powder is expected to support expansion of the market in the near future. The high concentration of natural protein and fat in spray dried goat milk is observed to gain high popularity. Moreover, customized fat and protein content according to end-use applications are also available in the market. The skimmed goat milk powder segment is expected to rise at 4.86?GR in the review period. Skimmed milk applications of sprayed goat milk, such as; dairy drinks, cheese, ice-cream, desserts, and infant formula, along with their growing sales as nutritional supplements can cause the market to garner substantial revenue.
The application-based segments of the global goat milk derivatives market are infant formula, ice cream, and cheese, yogurt among others. The infant formula segment is likely to earn nearly 41.36% share of the global market and register about 4.71?GR in the study period. The growing popularity of infant formula made from goat milk derivatives due to its digestive capabilities can underpin the segment’s expansion. In addition, the growing adoption of goat milk-based infant formula derived to boosting the immune system amidst pandemic is likely to improve momentum of the market. The cheese segment is anticipated to exhibit the highest CAGR in the review period.
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Regional Analysis
In North America, the goat milk derivatives market is likely to rise at decent CAGR by 2026. MRFR regional study of the goat milk market reveals that Europe is likely to acquire considerable revenue for the market in the years to come. Asia Pacific milk derivatives market is expected to garner considerable share of the market in the years to come.
Europe goat milk derivatives market is identified to garner considerable market share in the analysis period as Germany is expected be a major contributor. EU market can rise at 4.52?GR by 2026. In North America, the increase in usage of goat milk derivatives as infant formula can add significant momentum to the market. In Asia Pacific, the growing prevalence of goat milk as prebiotic can influence the market. MEA goat milk market is anticipated to rise at gradual pace.
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