What is Powdered Goat Milk Market?
Powdered goat milk is the alternative to bovine version. It contains no preservatives and gluten so it’s a safe alternative. Goat milk is similar to breast milk than dairy, hence it is easier to digest. Also, it is rich in Protein, calcium, fats, vitamins, iron, and other essential nutrients. Due to its high calcium content, it keeps bones and teeth stronger. Moreover, it is used in various types of foods and used for direct consumption. In addition, the goat milk is best source of energy for growing baby.
The market study is being classified by Type (Skimmed Milk Powder and Full Cream Milk Powder), by Application (Infant & Follow-On Formula, Cheese, Dietary Supplements, Yogurt, Chocolate and Others) and major geographies with country level break-up.
Dairy Goat Co-operation (DGC) (New Zealand), Goat Partners International (United States), Meyenberg Goat Milk Products (United States), Bai Yue Group (China), Australian Nature Dairy (Australia), AVH dairy (Netherlands), Guanshan (Taiwan), Ausnutria Dairy Corporation Ltd. (China), CapriLac (Australia) and Shaanxi Redstar Meiling Dairy Co., Ltd. (China) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that China Vendors will contribute to the maximum growth of Global Powdered Goat Milk market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Powdered Goat Milk market by Type, Application and Region.
On the basis of geography, the market of Powdered Goat Milk has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Health Benefits of Goat Milk Powder is Fuelling the Market
- Inclination of Consumers Towards Healthy Foods
Market Trend
- Changing Lifestyle of Consumers
Restraints
- Availability of Alternative Source of Nutrients
Opportunities
- Increasing Disposable Income
- Growing Urbanization in Developing Economies
Challenges
- Stiff Competition Among the Emerging and Major Players
In June 2020, Delamere Dairy has launched goat milk powder which is UK’s first. It is offered in 400g box, and makes up 3.8 litres of goat milk once stirred into water.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others