The North America Goat Milk Products Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
Established and emerging countries are seeing increased demand for goat milk products. In complement to their superior flavor to cow milk, goat milk and its byproducts are becoming increasingly popular due to their nutritional and health advantages, including better digestion and cholesterol metabolism. As a result, goats are now widespread and not just connected with dry regions or low-income farmers in most nations.
New producers, as well as investors, have entered the industry as a result of the goat products' competitive prices, particularly for milk. Although several nations, including the US, manufacture high-quality goat cheese. Goat milk production has a lot of potentials, particularly for low- and middle-income nations, but infrastructure integration for inputs, research, markets, and production will require investments. To ensure that manufacturers can capitalize on the growing demand for goat milk, supportive government policies and actions are being implemented in many nations.
The rise in dairy goat production is being driven by rising demand. Since communities with non-American ancestry in the region frequently prefer goat milk to cow milk, changing consumer demography is a significant driver of the increasing consumption of goat milk products. Rich urban consumers enjoy the flavor of French-style goat cheeses, and many think that goat milk products are healthier than those made from cow milk.
American-made goat cheeses are currently of very high caliber and have received numerous accolades at competitions worldwide. In addition, the rising "locovore" movement in the region urges people to buy and eat food from regional, small-scale farmers to promote social harmony and improve environmental stewardship by lowering transportation expenses. So, the trend towards healthy eating is anticipated to have a beneficial effect on the expansion of the regional goat milk products market.
The US market dominated the North America Goat Milk Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,608.8 Million by 2028. The Canada market is showcasing a CAGR of 7% during (2022 - 2028). Additionally, The Mexico market would register a CAGR of 6.7% during (2022 - 2028).
Based on Type, the market is segmented into Liquid Milk and Powdered Milk. Based on Distribution Channel, the market is segmented into B2C and B2B. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Goat Milk Products Market is Estimated to reach $16.9 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ausnutria Dairy Corporation Ltd. (Yili Group), Emmi Schweiz AG (Cooperative Central Switzerland Milk Producers ZMP), Goat Partners International Inc. (UNICA Global), Holle baby food AG, St Helen’s Farm Ltd. (The Kavli Group), Hewitt’s Dairy (Gay Lea Foods Co-operative Ltd.), Woolwich Dairy, Inc. (Saputo Inc.), HiPP GmbH & Co. Vertrieb KG, Courtyard Farms, and Granarolo S.p.A.
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