Global Goat Milk Derivatives Market Research Report—Forecast till 2026
Global Goat Milk Derivatives Market is anticipated to witness a healthy CAGR of 4.71% and surpass USD 9,817.33 Million during the forecast period. Goat milk is a rich source of protein, fat, sugar, water, and vitamins which is essential for human health. Additionally, the derivatives obtained from this milk are applicable in functional food which gives nourishment and ensuring benefits to kids and elders, who are allergic to another kind of milk. Furthermore, the growing application areas of goat milk derivatives are projected to create new market opportunities for the major players during the study period.
Global Goat Milk Derivatives Market is estimated to register rapid growth during the study period. The growth of the market is fuelled by the prime factor as rising consumer awareness regarding the high nutritional value of goat milk and its derivatives. Furthermore, the advantages of goat milk over cow milk are expected to surge the demand for goat milk derivatives in recent years. However, the rising population of lactose intolerance globally coupled with an increased preference for a vegan diet is expected to be the major restraining factor for the growth of the global goat milk derivatives market.
Global Goat Milk Derivatives Market has been classified by type, application. Based on type segment the global market has been segmented into Full Cream Goat Milk Powder, Skimmed Goat Milk Powder, Goat Whey Protein Concentrate, Goat Demineralised Whey Powder, Goat Lactose, and Others.
In terms of application, the global goat milk derivatives market has been classified into infant formula, cheese, yogurt, ice cream, and others. Infant formula has accounted for the largest share of the global goat milk derivatives market in 2019. Whereas, the cheese segment is anticipated to exhibit the largest CAGR of 4.87% during the study period.
The region-specific analysis of the global milk derivatives market has been studied across America, Europe, Asia-Pacific, and the Middle East and Africa.
Europe is expected to contribute the largest share of the goat milk derivatives market owing to the 35.74%share in 2019. Germany contributes the largest market of the European market and is estimated to register a CAGR of 4.52% during the review period. North America is anticipated to contribute to the significant market during the forecast period. The regional market is propelled by the rising usage of goat milk derivatives in the production process of infant formula.
Asia-Pacific is anticipated to register the fastest growing market of the goat milk derivative during the review period of 2020-2026. China contributes the largest regional market owing to the largest market share in 2019.
The Prominent Players in the Global Goat Milk Derivatives Market are AVH Dairy Trade B.V. (Netherlands), Lacteas Cobreros SA (Spain), Ausnutria Dairy Ingredients (Netherlands), Hoogwegt Groep B.V. (Netherlands), Leeb Biomilch Gmbh (Austria), Goat Partners International Inc. (US), Estrel Ingredients (Spain), Eurial (France), Prolactal (Austria), and A & E Connock LTD (UK).
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