Latest News- Goat Milk Market: Fresh goat milk is expected to lead the Product segment during 2024-2028
The Goat Milk Market is being driven by Rising demand for lactose-free and lower lactose products
The Goat Milk Market is expected to grow at a CAGR of 6.05% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3.14 billion. Goat milk producers can expand their consumer base by introducing flavored variants, catering to the preferences of those who favor flavored dairy products. Offering flavors such as chocolate, vanilla, strawberry, and coffee can attract a wider audience, particularly children and families seeking healthier alternatives to sugary beverages. Unfamiliarity with the taste of unflavored goat milk may deter some consumers. Flavored goat milk not only masks any perceived goaty flavor but also enhances its overall palatability, making it a more accessible and appealing choice for a broader consumer demographic.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Fresh goat milk, Processed goat milk) Distribution Channel (Offline, Online) Geography (APAC, Europe, North America, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Goat Milk Market Research Report
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Goat dairy products, such as goat milk, gain popularity among health-conscious consumers due to their benefits for those with digestion issues, lactose intolerance, and allergies. Unlike conventional dairy products, goat milk is easier to digest. It is rich in essential nutrients like potassium, Vitamin A, calcium, and bone health boosters. The lactose intolerant population and infant population particularly benefit from goat milk. Goat milk also provides proteins, calories, fats, magnesium, protein, and iron. Delamere Dairy, with its increased production capacities, caters to this growing demand.
The global goat milk market is a significant segment within the larger soft drinks and non-alcoholic beverages market, as categorized by Technavio in the food and beverages sector. This market encompasses various segments, including carbonated beverages, juices and juice concentrates, bottled water, functional beverages, sports drinks, plant-based beverages, prebiotic and probiotic drinks, soy-based drinks, and dairy-based drinks, of which goat milk is a part. Goat milk offers numerous health benefits, such as addressing lactose intolerance, digestion problems, and allergies, due to its unique nutritional profile rich in potassium, vitamin A, and calcium, contributing to bone health and immunity. The global soft drinks and non-alcoholic beverages market size is determined by the consolidated revenues of manufacturers in these categories, excluding sales of dispensing equipment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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