Donkey Milk Market Size Worth $ 59.07 Million By 2032 | CAGR: 9.1%

Donkey Milk Market Size Worth $ 59.07 Million By 2032 | CAGR: 9.1%


The global donkey milk market size is expected to reach USD 59.07 million by 2032, according to a new study by Polaris Market Research. The report “Donkey Milk Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid, Powder); By Application (Food Service, Food Processing, Medical Applications, Others); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Research and development in the cosmetic industry by using donkey milk across the many countries is one of the factors influencing the market’s growth. Donkey milk has been gaining attention in recent years due to its potential health benefits and unique composition. For example, in April 2023, according to a Chinese study, donkey milk has aesthetic promise since it can prevent UVB-induced skin barrier degradation and melanin production. Research and development related to donkey milk is increasing, and there is growing interest in its potential health and cosmetic benefits. These research and development across various countries is likely to improve the global revenue.

The donkey's milk industry is primarily based in industrialized nations, but because of its nutritional advantages, it is starting to gain greater traction in developing nations like China, India, and some regions of the Middle East. Additionally, these nations' rising purchasing power and accessibility to donkey milk distributors present fresh chances for the growth of the worldwide donkey milk industry. These nations' thriving nutraceutical and cosmetic sectors are also spending more in innovative supplements to broaden their client bases, which are expected to accelerate market expansion during the forecast period.

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Donkey milk is increasingly being used in the food and beverage (F&B) sector to make cheese, chocolates, and cheddar all over the world. This is one of the main drivers influencing the market, along with the rising demand for donkey milk among customers who are health-conscious and coronary heart patients because it contains less cholesterol. Additionally, the market is expanding due to a rise in the use of donkey milk by young children who are allergic to the proteins in cow's milk. This can also be attributed to its immunity-boosting qualities, which help shield young children from illnesses and infections.

The COVID-19 pandemic has changed consumer behavior in many ways, including a shift towards online shopping and increased concern for health and hygiene. Donkey milk producers may need to adapt their marketing strategies to meet these changing consumer preferences. For instance, in April 2020, donkey milk manufacturer Eurolactis Italia observed surge in demand for donkey milk.

 Donkey Milk Market Report Highlights

  • Powder segment is accounted to hold the largest shares of the market. This is attributed to its beneficial aspects such as rich source of minerals, essential protein, fats, and bioactive enzymes
  • Cosmetics and personal care is accounting larger market share of global revenue in the fiscal year 2022. This is due to increasing needs by personal care industry and enhancing research and development across many countries
  • Europe held the largest share of the global market by the end of 2022 due to growing adoption and consumption of donkey milk in the region as it is widely used for various purpose
  • The global players include Hellenic Asinus Farms; Stephenson; Dolphin; Asinus Atlanticus; Donna Tina; Eurolactis Italia; Donkey Dairy; White Sea & Baltic Company; and Vro Enterprises

Polaris Market Research has segmented the Donkey Milk Market report based on form, application, and region:

Donkey Milk, Form Outlook (Revenue - USD Million, 2019-2032)

  • Liquid
  • Powder

Donkey Milk, Application Outlook (Revenue - USD Million, 2019-2032)

  • Cosmetics and Personal Care
  • Food & Beverages

Donkey Milk, Regional Outlook (Revenue - USD Million, 2019-2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Donkey Milk Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 26.95 million

Revenue forecast in 2032

USD 59.07 million

CAGR

9.1% from 2023 – 2032

Base year

2022

Historical data

2019– 2022

Forecast period

2023– 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2030

Segments covered

By Form, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Hellenic Asinus Farms; Stephenson Group Ltd; Dolphin IBA; Asinus Atlanticus S. A.; Donna Tina Farm; Eurolactis Italia Srl; Golden Donkeys Farm; The Donkey Dairy PTY LTD; The White Sea & Baltic Company Limited; Vro Enterprises

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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