Overview and Scope
Evaporated goat milk is a type of milk that has been heated to remove most of its water content, leaving a concentrated, creamy milk product. This process involves heating fresh goat milk until about 60% of the water content has been evaporated, which results in a thicker, creamier texture and a richer flavor compared to regular goat milk. It is used for baking confections, over cereals, for drinking, and for any other recipes calling for milk.
Sizing and Forecast
The evaporated goat milk market size has grown steadily in recent years. It will grow from $5.75 billion in 2023 to $5.9 billion in 2024 at a compound annual growth rate (CAGR) of 2.6%. The growth in the historic period can be attributed to rise in health consciousness, culinary uses and recipes, alternative to cow’s milk, cultural preferences, dairy-free and vegan trends, nutritional benefits for children.
The evaporated goat milk market size is expected to see steady growth in the next few years. It will grow to $6.63 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. The growth in the forecast period can be attributed to functional and fortified varieties, global increase in goat milk production, rise in specialty diets, focus on local and artisanal products, government support for dairy alternatives. Major trends in the forecast period include product innovation and flavor variations, clean label and natural positioning, availability in retail channels, sustainability and ethical farming, allergen-friendly attributes, globalization of goat milk products.
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Segmentation & Regional Insights
The evaporated goat milk market covered in this report is segmented –
1) By Type: Skimmed Evaporated Milk, Whole Evaporated Milk
2) By Application: Infant Food, Dairy Products, Bakeries, Confectionery, Other Applications
3) By Distribution Channel: Online, Offline
Europe was the dominate region in the evaporated goat milk market in 2023. The regions covered in the evaporated goat milk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing lactose-intolerant population is expected to propel the growth of the evaporated goat milk market going forward. Lactose intolerance is a condition in which a person’s body is unable to fully digest lactose, a sugar found in milk and dairy products, which is caused by a deficiency of lactase, the enzyme responsible for breaking down lactose in the small intestine. The lipid molecules in goat’s milk are smaller than those in cow’s milk, making goat’s milk easier to digest for persons with weak digestive systems such as lactose-intolerant. For instance, in 2023, according to the report published by World Population Review, a US-based Census Bureau’s world population, approximately 65% of the world’s population has lactose intolerant, where 70–100% of East Asians, 100% of Ghanaians, 100% of South Koreans, and 98% of Vietnamese shows the maximum lactose intolerant. Therefore, the growing lactose-intolerant population is driving the growth of the evaporated goat milk market.
Key Industry Players
Major companies operating in the evaporated goat milk market report are Meyenberg Goat Milk, Nestlé S.A, Arla Foods, Fraser and Neave Limited, Royal FrieslandCampina N.V, Eagle Family Foods Group LLC, Alokozay Group, DANA Dairy Group LTD., Alaska Milk Corporation, HOLLAND DAIRY FOODS LLC, O-AT-KA Milk Products LLC, DMK Deutsches Milchkontor GmbH, Delta Food Industries FZC, Yotsuba Milk Products Co. Ltd., Nutricima Limited, Zhejiang Panda Dairy Products Co. Ltd., Granarolo S.p.A, St Helen’s Farm, Stickney Hill Dairy Inc., Ausnutria Dairy Corporation Ltd., Emmi Group, Goat Partners International Inc., Holle baby food AG, Vistara Farms Private Limited, Hewitt’s Dairy, Woolwich Dairy Inc., Xi’an Baiyue Goat Dairy Group Co. Ltd., Haystack Mountain Creamery, Courtyard Farms, Nubian Heritage Dairy Goat Farm, AVH Dairy Trade B.V., Coach Farm, Goat Lady Dairy, Belle Chevre Cheese Shop & Tasting Room, Firefly Farms Creamery & Market
The evaporated goat milk market report table of contents includes:
1. Executive Summary
2. Evaporated Goat Milk Market Characteristics
3. Evaporated Goat Milk Market Trends And Strategies
4. Evaporated Goat Milk Market – Macro Economic Scenario
5. Global Evaporated Goat Milk Market Size and Growth
…..
31. Global Evaporated Goat Milk Market Competitive Benchmarking
32. Global Evaporated Goat Milk Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Evaporated Goat Milk Market
34. Evaporated Goat Milk Market Future Outlook and Potential Analysis
35. Appendix
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