The global goat milk market is expected to post a CAGR of over 6% during the period 2018-2022.
A key factor driving the growth of the market is the increase in demand for lactose-free and lower lactose products. People with lactose intolerance are unable to digest lactose. The number of individuals with lactose intolerance is increasing worldwide. Since goat milk contains lower lactose than cow milk, it is a viable alternative for cow milk. Thus, with an increase in the number of lactose intolerant people, the demand for lactose-free products or products with low lactose content will increase at a fast pace which will boost the growth of the global market.
The increasing demand for flavored goat milk is one of the key emerging trends in the global goat milk market.
Technavio Research report on the global goat milk market 2018-2022 provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
Government launches programme to grow lucrative goat milk industry
Cows aren't the only ones milking New Zealand's infant formula industry. Now there's another kid on the block.
A new $30 million Government innovation programme unveiled on Tuesday is looking to grow the goat milk market in New Zealand - particularly the lucrative infant formula market.
Milk and cheese enterprise under way as Islanders get their goats
JERSEY is world-renowned for its cows and their dairy produce.
But 2019 could be the Island’s Year of the Goat, as a new venture aims to put their organic milk and goat’s cheese on the shelves next year.
Laurence and Louise Agnès, who run Douet Farm in Trinity, have recently taken delivery of 50 dairy goats to begin their goats’-milk enterprise.