Goat Milk Infant Formula Market Size, Share, Growth, and Industry Analysis, By Type (First Class (0-6 months), Second Class (6-12 months), Third Class (1-3 years)), By Application (Supermarkets/Hypermarkets, Retail Stores, Online Selling, Others), Regional Forecast To 2031

Updated On: 15 April 2024

Goat Milk Infant Formula Market Report Overview

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The global goat milk infant formula market size was USD 4023.73 million in 2021 and is projected to touch USD 9454.94 million by 2031, at a CAGR of 8.29% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the goat milk infant formula market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

For infants with delicate tummies, goat's milk may be a decent substitute for cow's milk as it promotes gentle digestion. Prebiotics and vitamins, such as Vitamin K, B5, Biotin, Choline, Manganese, and Selenium, which are all essential for growth and development, are naturally abundant in goat milk. Many cultures consider goat milk to be a signature beverage. It might be used by others in place of cow's milk. Infant formulae break down some of the proteins (whey and casein), carbohydrates (like lactose), and lipids (like DHA and ALA) found in goat's milk or cow's milk into amounts that are easily absorbed by young children.

COVID-19 Impact: Pandemic Increased the Market Demand

Numerous industries suffered as a result of COVID-19. But during this time, the market for infant formula made with goat milk had tremendous growth. Most people became quite interested in adopting healthy diets during the lockdown that the government imposed to stop the spread of the coronavirus sickness. In response to the growing number of health issues, people are choosing nutritious foods that will boost their immune. In the post-pandemic environment, the increased emphasis on health will continue to propel the goat milk infant formula market expansion.

Latest Trends

"Pouches And Tetra Packs To Fuel Market Growth"

According to packaging, premium bottle pouches are leading the market category. Bottle pouches are popular because of how simple and convenient they are to use. Due to its aseptic environment, which protects food from bacterial entry, tetra packages are also predicted to grow the fastest during the forecast period. Tetra packs have demonstrated the ability to keep items fresh and nutrient-dense for longer, which is expected to drive an increase in goat milk infant formula market size during the projection period.

Goat Milk Infant Formula Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into First Class (0-6 months), Second Class (6-12 months), Third Class (1-3 years).

• By Application Analysis

Based on application, the market can be divided into Supermarkets/Hypermarkets, Retail Stores, Online Selling, Others.

Driving Factors

"Consumers Preferring Goat Milk Over Cow Milk"

Due to consumer preference for this product as an alternative to cow milk, the demand for the goat milk formula is predicted to increase. In the case of children, goat milk is preferred over cow milk due to its ease of digestion. During the forecast period, this is probably going to play a significant role in the market's expansion. A2 casein, which is also present in human breast milk and which infants may digest without experiencing any negative consequences, is also present in goat milk formula. Additionally, the width of the fat globules in goat milk formula is relatively smaller, allowing for up to 94% simpler digestion for newborns. Infant feeding formula demand for goat milk formula is driving the goat milk infant formula market growth drastically

Restraining Factors

"Unorganized Way Of Doing Business To Restrict Market Growth"

Due to the disorganized nature of the market, new entrants may encounter difficulties. Producing goat milk is impacted by endemic illnesses. The grounds for goat husbandry are being impacted by restricted feedstock as a result of growing urbanization. The market is confronted with a problem caused by the decreasing amount of grazing land due to increased deforestation. Manufacturers must contend with a number of issues, including waste management, greenhouse gas emissions, and production efficiency.

Goat Milk Infant Formula Market Regional Insights

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"Growing Demand In Asia Pacific Anticipated Boosting Market Expansion"

Due to the need for alternatives among working mothers in the Asia Pacific, goat milk formula is projected to expand during the projection period. The demand for these products is being fueled by the growing number of women in the workforce. The mothers view it as a different choice that is likely to garner interest in goat milk infant formula market share.

Key Industry Players

"Adoption of Innovative Strategies by Key Players Influencing Market Development"

Therefore, the key players are actively conducting various collaborated ventures and engaging in mergers and acquisitions in order to improve their product portfolios and cement their position in the market. While the price of oil in the global market is declining the oil and gas industry are focusing of imposing efficient processes. This is forcing the bigger market players to acquire the smaller companies that are coming up with innovative solutions to make sure of their viable and profitability.

List of Market Players Profiled

• Fuping County Jinniu Dairy Industry Co., Ltd.
• Bubs Australia
• Ausnutria Dairy
• NANNYcare Ltd.
• Shaanxi Hongxing Meiling Dairy Co., Ltd.
• Dairy Goat Co-operative
• Danone
• KERR FRANCE
• Orient Europharma Co., Ltd
• Emmi Corporate
• Bai Yue Dairy Group

Report Coverage

This report examines an understanding of the goat milk infant formula market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.