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Goat Milk-Based Infant Formula Market was valued at USD 9.89 billion in 2021 and is expected to reach USD 17.64 billion by 2029, registering a CAGR of 7.50% during the forecast period of 2022-2029.
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Goat milk formula has identical prebiotic properties to human breast milk because it comprises 14 naturally occurring oligosaccharides prebiotics, five of which are present in breast milk. The goat’s milk formula is primarily developed and sold as the primary raw ingredient for feeding babies and infants.
Some of the major players operating in the goat milk-based infant formula market are
- Dairy Goat Co-operative (N.Z.) Limited (US)
- Danone (France)
- AUSNUTRIA (Hong Kong)
- Little Bundle (Netherlands)
- Danalac (Denmark)
- Orient EuroPharma Co., Ltd. (Taiwan)
- Bubs Organic, LLC. (Australia)
- Shaanxi Hongxing Meiling Dairy Co., Ltd. (China)
- Xi’an Baiyue Goat Milk Group Co., Ltd. (China)
- Kabrita (Canada)
- CAPRA (US)
- Vitagermine (France)
- Oli6 (Australia)
- Formuland Inc. (US)
- Aotearoa Nutrients (New Zealand)
- Nannycare Ltd. (UK)
Drivers
- Inclination towards Healthy Lifestyle
The increase in the consumer preference for dietary improvements acts as one of the major factors driving the growth of goat milk-based infant formula market. The rise in trend of leading a healthy lifestyle among all age groups shifting to healthy and innovative approach have a positive impact on the industry.
- Demand for Breast Milk Alternatives
The rise in adoption of goat milk-based infant formula as an alternative source of nourishment for the infants accelerate the market growth. Goat milk is considered a healthy source for baby’s growth owing to the enzymes present. Also, the trend of bottle-feeding culture across countries has a positive impact on the market.
- Benefits of Goat Milk
The increase in the awareness regarding several benefits of goat milk especially among the health-conscious consumers further influence the market. The shift in lactose-intolerant individuals towards goat milk owing to its lower lactose levels assists in the expansion of the market.
Opportunities
Furthermore, launch of value-added products such as flavored milk varieties with fat-free and low sugar contents extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in demand for goat milk in the personal care sector for manufacturing creams, lotions, and soaps, among others will further expand the market.
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The goat milk-based infant formula market is segmented on the basis of type, distribution channel, and packaging type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- First Class (0-6 Months)
- Second Class (6-12 Months)
- Third Class (1-3 Years)
Distribution Channel
- Supermarkets/Hypermarkets
- Retail Stores
- Online Selling
- Others
Packaging Type
- Bottle Packaging
- Tetra Packaging
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