The global Goat Milk Products Market size is expected to reach USD 17.61 billion by 2030, according to a new study by Polaris Market Research. The report “Goat Milk Products Market Share, Size, Trends, Industry Analysis Report, By Product Type (Liquid Milk, Powdered Milk); By Distribution Channel, By Region; Segment Forecasts, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Key factors such as a rise in goat milk production, increasing demand for healthy dairy products, increasing incidence of lactose intolerance, changing eating habits, rising use of goat-based infant formulae, and new R&D activities to increase nutritional value are anticipated to drive the revenue growth of the global goat milk products market.
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Global goat milk production is rising at a rapid rate. In the last decade, its production increased by almost 16%. Asia Pacific region has witnessed the largest increase in production rate followed by Africa. Hence a rise in goat milk production is anticipated to boost the revenue growth of the target market.
The prevalence of lactose intolerance is increasing at a rapid rate around the globe. It is estimated that more than 60% of the world's population faces the problem of lactose intolerance. This disorder is more common among Asian, African, and American people than it is among Europeans.
As per the article published by the American College of Gastroenterology, more than 80% of adult African Americans face the problem of lactose intolerance. Moreover, more than 60% of Indians are lactose intolerant. Its products contain a lower amount of lactose than conventional cow milk products. Hence, the demand for these products is anticipated to surge in the future.
Goat Milk Products Market Report Highlights
Polaris Market Research has segmented the goat milk products market report based on product type, distribution channel, and region:
Goat Milk Products, Product Type Outlook (Revenue - USD Billion, 2018 - 2030)
Goat Milk Products, Distribution Channel Outlook (Revenue - USD Billion, 2018 - 2030)
Goat Milk Products, Regional Outlook (Revenue - USD Billion, 2018 - 2030)