Evaporated Goat Milk Market: Global Industry Analysis and Forecast (2022-2027) Trends, Statistics, Dynamics and Segmentation

The Evaporated Goat Milk Market was valued at US$ 5.49 Bn. in 2021. Global Evaporated Goat Milk Market size is expected to grow at a CAGR of 2.5 % through the forecast period.

Evaporated Goat Milk Market Overview:

Goat Milk is the most widely consumed product in the world. Goat milk has more protein serving than cow milk or nut milk. Goat milk is a better choice than cow or plant milk. Goat milk protein appears to be easy to digest. This means that the body can use it more easily. Goat milk also has a higher protein content than almond and rice milk. Evaporated goat milk is rich in important vitamins and minerals such as potassium, iron, & calcium and is very nutritious. It helps lower blood pressure, improves metabolism, maintains heart health, improves nerve function, and grows useful gut bacteria. Regularly drinking evaporated milk can also help improve platelet counts for viral infections such as dengue fever. It also helps with anemia, asthma, eczema, magnesium deficiency, digestive problems, & skin conditions. Evaporated Goat Milk Market To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.

Evaporated Goat Milk Market Dynamics:

Drivers in Evaporated Goat Milk Market: 1. Increased consumer health concerns about Lifestyle Disorders: Cardiovascular disease (CVD) remains the leading cause of death, accounting for about 30 % of all deaths worldwide. Lifestyle disorders such as hypertension, diabetes, dyslipidemia, and overweight/obesity are major risk factors for the development of cardiovascular disease. Due to the rapid economic development & westernization of lifestyles over the past few decades, the prevalence of these diseases among Indians has reached an astonishing rate in recent years. India has been a Diabetes capital; 422 Mn people have diabetes out of which 77 Mn people are in India. Evaporated Goat Milk Market Evaporated Goat Milk helps to lower blood pressure, improves metabolism, maintains heart health, improves nerve function, and grows useful gut bacteria. Regularly drinking evaporated milk can also help improve platelet counts for viral infections such as dengue fever. It is also helpful in lowering cholesterol levels. The Increased awareness among the people about health and lifestyle disorders the market growth is significant. 2. High Nutritional Content of Evaporated Goat Milk: Goat milk is richer in protein, calcium, fat, vitamins, iron, and other essential nutrients than milk. Helps improve platelet counts during dengue and other viral illnesses. In addition, its high calcium content helps keep bones and teeth strong. It is the best source of energy for a growing baby. 3. Higher Shelf Life: Evaporated milk, is a shelf-stable food made from canned milk. 60% of the water is removed from this milk. It is available in liquid form and has a shelf life of approximately 18 to 24 months. The market is expected to be driven by the high nutritional profile of evaporated milk compared to regular milk. Market growth is also due to demand for milk in countries where product supply is inadequate, and quality is inadequate. In areas where refrigeration is unreliable, evaporated milk is an excellent replacement for regular varieties because there is no risk of spoilage or illness that is normally associated with the consumption of expired dairy products. 4. Immunity Boosting benefits: The Evaporated Goat milk is very nutritious and has many vitamins and minerals which has benefit in boosting the immunity of the body. During Covid Pandemic the Immunity booster products were having huge demand. In Pharmaceutical Market also the Vitamins, and Minerals category was among the top 5 therapeutic categories generating the revenues. The Vitamins and Minerals market was around US$ 17.5 Bn in 2021. The immunity-Boosting Food market of valued at US$ 21.4 Bn in 2021 and it will reach US$ 37.2 Bn by 2027. The Immunity Boosting Food market is expected to grow at a CAGR of 8.2% through the forecasted period. 5. Growing Food and Beverage Market: The food and beverage market is growing rapidly around the world. The food and beverage market was valued at US$ 281 Bn in 2021. Food and Beverage Market size is expected to grow at a CAGR of 9.5 % through the forecast period. This also increases market demand for healthier versions of regular foods, including milk. Evaporated milk has various uses. Used in smoothies, coffee, creamy soups, chowder, oatmeal, savory sauces, and more. Coupled with the growing food and beverage market, all these applications are expected to drive market growth over the forecast period. Challenges in Evaporated Goat Milk Market: Fluctuations in Regular Milk Prices: Evaporated milk is a by-product of regular milk, and price fluctuations in upstream products affect the cost of producing evaporated milk. The continuous fluctuations in prices of regular milk are causing a negative impact on the market growth.

Evaporated Goat Milk Market Segment Analysis:

Based on Type, the Evaporated Goat Milk Market is segmented into Skimmed Evaporated Milk & Whole Evaporated Milk. Whole evaporated milk dominates the segment with a market share of 58.0%. Due to the sweet and creamy texture and flavor of condensed milk, it is often used in sauces, soups, quiches, and bechamel sauces. The growing demand for low-sugar confectionery among health-conscious consumers means that whole milk is preferred over skim milk. The skimmed evaporated milk product segment is expected to register the highest CAGR of 2.5% during the forecast period. It is commonly used as a replacement for regular milk in the manufacture of dairy products such as ice cream, yogurt, and other frozen desserts. Evaporated Goat Milk Market Based on the Distribution Channel, the offline sales channel had the largest market share in 2018 with 74.0%. The high consumer reliance on retail channels, the large number of consumers, and the easy availability of products in these stores drive offline channels. In developed countries, there are high-density grocery stores and small independent grocery stores where products are readily available. An increasing number of organized retail stores such as hypermarkets, supermarkets, convenience stores, and mixed retail stores is expected to drive segment growth. Online distribution channels are the fastest-growing segment growing at a CAGR of 2.7% through the forecast period. Increased use of the internet and the booming E-commerce market are driving the online distribution channels growth.

Evaporated Goat Milk Market Regional Insights:

The Europe region dominated the market with a 31 % share in the year 2021. The Europe region is expected to witness significant growth at a CAGR of 2.4% through the forecast period. The high demand for nutritious products and government controls on unhealthy foods also incentives given by the governments to promote the Goat milk market are driving the market growth in the Europe region. The UK market is the fastest-growing market at a CAGR of 12%. APAC is the fastest-growing region, expected to grow at a CAGR of 2.7% through the forecasted period. The Evaporated milk is being used as an alternative to the Tea or Coffee in the developing countries is boosting the demand for the Evaporated Goat Milk market. The APAC region dominates the market in terms of having the highest number of Goat farms. The government of India provides a 25%-30% subsidy on the total cost of the goat farm. The Government of India has provided subsidies ranging from 25% to 35% of the total cost of purchasing goats to encourage and develop the goat breeding market, which is driving the growth of the goat milk market. The objective of the report is to present a comprehensive analysis of the global Evaporated Goat Milk Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Evaporated Goat Milk Market dynamic, structure by analyzing the market segments and projecting the Evaporated Goat Milk Market size. Clear representation of competitive analysis of key players by Product type, price, financial position, product portfolio, growth strategies, and regional presence in the Evaporated Goat Milk Market make the report investor’s guide.

Evaporated Goat Milk Market Scope: Inquire before buying

Global Evaporated Goat Milk Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 5.49 Bn.
Forecast Period 2022 to 2027 CAGR: 2.5% Market Size in 2027: US $ 6.53 Bn.
Segments Covered: by Type • Skimmed Evaporated Milk • Whole Evaporated Milk
by Application • Infant Food • Dairy Products • Bakeries • Confectionery • Others
by Distribution Channel • Online • Offline

Evaporated Goat Milk Market by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Evaporated Goat Milk Market Key Players

Meyenberg Goat Milk • Fraser and Neave • Nestle • DANA Dairy • Arla • Friesland Campina • Delta Food Industries FZC • Alaska Milk • Yotsuba Milk Products • Alokozay Group • Eagle Family Foods • Ausnutria Dairy Corporation Ltd • AVH Dairy Trade B.V. • Goat Partners International • Granarolo S.p.A. • Redwood Hill Farm & Creamery • St Helen’s Farm • Stickney Hill Dairy Inc • Woolwich Dairy Inc. • Xi'an Baiyue Goat Dairy Group Co.Ltd. Frequently Asked Questions: 1] What segments are covered in the Global Evaporated Goat Milk Market report? Ans. The segments covered in the Evaporated Goat Milk Market report are based on Product Type, Application, Distribution Channel, and End User. 2] Which region is expected to hold the highest share in the Global Evaporated Goat Milk Market? Ans. The North America region is expected to hold the highest share in the Evaporated Goat Milk Market. 3] What is the market size of the Global Evaporated Goat Milk Market by 2027? Ans. The market size of the Evaporated Goat Milk Market by 2027 is expected to reach US$ 6.53 Bn. 4] What is the forecast period for the Global Evaporated Goat Milk Market? Ans. The forecast period for the Evaporated Goat Milk Market is 2022-2027. 5] What was the market size of the Global Evaporated Goat Milk Market in 2021? Ans. The market size of the Evaporated Goat Milk Market in 2021 was valued at US$ 5.49 Bn.
1. Global Evaporated Goat Milk Market Size: Research Methodology 2. Global Evaporated Goat Milk Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Evaporated Goat Milk Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Evaporated Goat Milk Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Evaporated Goat Milk Market Size Segmentation 4.1. Global Evaporated Goat Milk Market Size, by Type (2021-2027) • Skimmed Evaporated Milk • Whole Evaporated Milk 4.2. Global Evaporated Goat Milk Market Size, by Application (2021-2027) • Infant Food • Dairy Products • Bakeries • Confectionery • Others 4.3. Global Evaporated Goat Milk Market Size, by Distribution Channel (2021-2027) • Online • Offline 5. North America Evaporated Goat Milk Market (2021-2027) 5.1. North America Evaporated Goat Milk Market Size, by Type (2021-2027) • Skimmed Evaporated Milk • Whole Evaporated Milk 5.2. North America Evaporated Goat Milk Market Size, by Application (2021-2027) • Infant Food • Dairy Products • Bakeries • Confectionery • Others 5.3. North America Evaporated Goat Milk Market Size, by Distribution Channel (2021-2027) • Online • Offline 5.4. North America Evaporated Goat Milk Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Evaporated Goat Milk Market (2021-2027) 6.1. European Evaporated Goat Milk Market, by Type (2021-2027) 6.2. European Evaporated Goat Milk Market, by Application (2021-2027) 6.3. European Evaporated Goat Milk Market, by Distribution Channel (2021-2027) 6.4. European Evaporated Goat Milk Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Evaporated Goat Milk Market (2021-2027) 7.1. Asia Pacific Evaporated Goat Milk Market, by Type (2021-2027) 7.2. Asia Pacific Evaporated Goat Milk Market, by Application (2021-2027) 7.3. Asia Pacific Evaporated Goat Milk Market, by Distribution Channel (2021-2027) 7.4. Asia Pacific Evaporated Goat Milk Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Evaporated Goat Milk Market (2021-2027) 8.1. Middle East and Africa Evaporated Goat Milk Market, by Type (2021-2027) 8.2. Middle East and Africa Evaporated Goat Milk Market, by Application (2021-2027) 8.3. Middle East and Africa Evaporated Goat Milk Market, by Distribution Channel (2021-2027) 8.4. Middle East and Africa Evaporated Goat Milk Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Evaporated Goat Milk Market (2021-2027) 9.1. South America Evaporated Goat Milk Market, by Type (2021-2027) 9.2. South America Evaporated Goat Milk Market, by Application (2021-2027) 9.3. South America Evaporated Goat Milk Market, by Distribution Channel (2021-2027) 9.4. South America Evaporated Goat Milk Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Meyenberg 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Development 10.2. Arla 10.3. DANA Dairy 10.4. Nestle 10.5. Fraser and Neave 10.6. Friesland Campina 10.7. Delta Food Industries FZC 10.8. Alaska Milk 10.9. Yotsuba Milk Products 10.10. Alokozay Group 10.11. Eagle Family Foods 10.12. Ausnutria Dairy Corporation Ltd 10.13. AVH Dairy Trade B.V. 10.14. Goat Partners International 10.15. Granarolo S.p.A. 10.16. Redwood Hill Farm & Creamery 10.17. St Helen’s Farm 10.18. Stickney Hill Dairy Inc 10.19. Woolwich Dairy Inc. 10.20. Xi'an Baiyue Goat Dairy Group Co.Ltd.

About This Report

Report ID 147149
Category Food & Beverages
Published Date May 2022
Updated Date
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