Goat Milk Infant Formula Market Outline Report:

Goat milk infant formula is a manufactured food designed with fresh goat’s milk as the main raw material for feeding infants, usually prepared for bottle-feeding. It is commonly prepared from goat milk powder (mixed with water) or liquid (with or without additional water). Goat's milk, as the main raw material, is a rich source of nutrients and has a unique composition that differs from that of cow's milk. The compositional uniqueness of goat's milk lies in its naturally high levels of important vitamins and minerals and many other substances that are naturally present in like prebiotic oligosaccharides. The milk is of 3 major classes – first, second and third and their difference lies in the consistency and the segment of babies it is fed to.  

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Goat Milk Infant Formula Market Size Report:

The goat milk infant formula market weighed 125.9 kilotons in 2017 and is expected to grow at a CAGR of 9.4% till 2022. In terms of revenue, the market was valued at $1160 million and is expected to reach $2300 by 2023, rising at a CAGR of 9%.

Goat Milk Infant Formula Market Growth, and Drivers:

Because of its growing popularity in the global scenario, this milk is available across all supermarkets and retail stores and is soon going to become popular in the online channel as well. Efforts are being made to raise awareness of the product as a strong component of the infant formula or as an available alternative to existing infant formula. The economic slowdown does impact this market and technology advancement ensures a safer downstream of the product to the customer. Players are investing into creating a healthy competition in terms of quality of the formula available, thereby, making a strong effort to keep the market on the global economy.

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Goat Milk Infant Formula Market Geographical Analysis:

Geographically, the market is segmented to North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific, especially China shows increased demand for the goat milk infant formula. With the FDA regulation in the USA, North America has relatively slowed on growth in this market. Europe, because of its prevalent goat aquaculture and strong technology advancements, has taken a lead over North America in terms of market share.

Goat Milk Infant Formula Market Key Players:

Some of the players in this market are DGC, Danone, Guanshan, MilkGoat, Herds, Fineboon, Jinniu, Holle, DANA Dairy, Vitagermine etc. DGC ranks first in terms of revenue share in the global market and occupied over 10% in 2017. Ausnutria Dairy bagged 6.75% share in the same year.

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