By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America Goat Milk Products market accounted for USD 6.9158 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. In the U.S., they have risen noticeably due to consumer awareness of milk and milk products' health advantages and benefits. The United States Department of Agriculture (USDA) estimates that in 2020, per capita consumption of dairy products increased by 26 pounds to 655 pounds. e. 628 pounds.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: GOAT MILK PRODUCTS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
Europe’s Goat Milk Products market accounts for the second-largest market share. A significant factor driving the demand for goat milk in the area is the growing consumer preference for healthy foods due to the expanding health and wellness trend. France, Italy, and Germany are the region's main exporters, accounting for most of the market. Goat milk is most commonly imported and exported from Germany. According to estimates, Italy is the region's biggest consumer of goat milk, while France is the continent's largest producer.
Further, the Germany Goat Milk Products market held the largest market share, and the UK Goat Milk Products market was the fastest growing market in the European region.
The Asia-Pacific Goat Milk Products Market is expected to grow at the fastest CAGR from 2022 to 2030. The biggest producers and consumers of goat milk worldwide are India, Pakistan, Bangladesh, and China. With about 25% of the output, India leads the world in production and consumption. According to NCBI, only the Asia Pacific region contains about 60% of the world's goat population. Moreover, the China Goat Milk Products market held the largest market share, and the India Goat Milk Products market was the fastest-growing market in the Asia-Pacific region.
Leave a Comment