Goat Milk Derivatives Market

The global goat milk derivatives market is expected to grow at a rapid pace during the review period. The growth of the global goat milk derivatives market can be attributed to various factors. Increasing consumer awareness regarding the high nutritional value of goat milk and its derivatives is one of the growth factors driving the global goat milk derivatives market. Additionally, the advantages of goat milk over cow milk are boosting the demand for goat milk derivatives. However, the increasing population of lactose intolerance globally coupled with an increased veganism diet is anticipated to hamper the growth of the global goat milk derivatives market. However, increasing application areas of goat milk derivatives is anticipated to create new market opportunities during the forecast period.

The prevalence of the high nutritional value of goat milk and its derivatives is one of the key factors behind the growth of the goat milk derivatives market. With increasing awareness among the global population regarding its health benefits, demand for goat milk derivatives is anticipated to increase. Goat milk is highly nutritious and contains essential vitamins and minerals. Goat milk is rich in calcium, potassium, and other essential nutrients as well. Additionally, dairy products such as yogurt derived from goat milk derivatives are a major source of calcium and potassium by providing 30% and 17% respectively of the Nutrient Reference Value (NRV), which form as an important aspect in lowering blood pressure. Furthermore, goat milk derivatives are rich in prebiotic that helps in maintaining the health of the digestive tract and gut microbiome, by encouraging the growth of beneficial gut bacteria.

Additionally, goat milk is a good source in the management of certain allergies, gastrointestinal disorders, CVD, osteoporosis, hypertension, colic, and antimicrobial protection. This further adds to driving 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 goat milk derivatives market during the forecast period.

Goat milk derivatives are increasingly becoming popular for various end use application areas. Cheese and yogurt derived from goat milk derivatives are creating substantial opportunities across the globe. For instance, according to Agricultural Marketing Resource Center, US, since last one-decade goat cheese has been one of the fastest-growing cheese in the specialty food product market. Similarly, goat milk derivatives are creating opportunities for infant formula. Owing to its digestive capabilities, goat milk derivatives help in benefiting infant gut health. Infant formula made from goat milk derivatives has strong prebiotic and anti-infection properties that can protect infants against gastrointestinal infections. Similarly, goat milk powder is becoming popular in the personal care industry and is used in a large number of cosmetic products. Goat milk has natural neutral pH and natural lactic acid and is preferred in the manufacture of skin care products such as soaps, lotions, creams, and cleansers. Hence with an increasing number of end use application areas, goat milk derivatives are anticipated to create substantial opportunities during the forecast period.

There has been a rising number of cases of lactose intolerance among consumers globally. Lactose intolerant individuals lack the enzyme lactase in their small intestine, which breaks down lactose into simpler sugars. Lactose intolerance includes an allergy to dairy products, deficiency of disaccharides, and a lactase deficiency. Undigested or partially digested lactose leads to abdominal bloating, stomach pain, diarrhea, tiredness, sleep disturbances, vomiting, and other health problems. Lactose intolerance varies by ethnicity. As per The Eunice Kennedy Shriver National Institute of Child Health and Human Development, an estimated 30 million to 50 million adults in the US suffer from lactose intolerance. At the same time, the number of individuals suffering from lactose intolerance is exceptionally high in Europe as well. Lactose intolerance is exceptionally prominent in Western European countries. According to the European Dairy Association, most of the consumers with lactose intolerance are from the UK, France, and Italy. These consumers opt for several lactose-free food & beverages instead of lactose-enriched food & beverages. Therefore, the rising number of lactose intolerance cases globally is anticipated to decrease the demand for goat milk and goat derived dairy products. This is anticipated to be a key restraining factor behind the growth of the goat milk derivatives market.

Perceived characteristics of goat milk often result in creating a key challenge in the growth of the goat milk derivatives market. Perception of goat milk towards smell, taste, availability, and prices are some of the key attributes that prove to be a key challenge for its growth. Smell and taste of goat milk are intense. This is due to the presence of short and medium-chain fatty acids that gives a different taste and smell to goat milk compared to cow milk. Additionally, goat milk is relatively cheaper to produce, however, it contributes only 2% of the total global milk supply. Goat milk and goat milk-derived dairy products are not mass-produced. This restricts the availability of goat based dairy products in markets. These products are relatively expensive compared to conventional dairy products which create substantial challenges for the growth of the goat milk derivatives market.