The goat milk formula market is predicted to witness notable growth over the 2020 – 2030 forecast period. First and foremost, goat milk formula possesses similar prebiotic properties as human breast milk – a key reason for its uptick in demand. According to research, goat milk formula contains 14 prebiotics that are naturally present, of which, 5 are found in human breast milk. In addition, goat milk formula contains A2 casein, which is also present in human breast milk.
Breast milk is known to provide the best nutrition for newborn babies. However, due to fast lifestyle and large number of commitments, the urban population are adopting substitutes close to breast milk. Goat milk formula comprises enzymes, which are a healthy source for baby’s growth.
Key parameters based on which the goat milk formula market is divided are type, distribution channel, end products, packaging type, and region.
The report on goat milk formula market is an all-important instrument to understand trends and growth indices in the said market over the 2020 – 2030 forecast period. Furthermore, the report evaluates the regional landscape of the goat milk formula market with insights into growth rate projections of key regions. Lastly, the report covers competitive landscape of the goat milk formula market, which includes revenue share projections of key players for the 2020 – 2030 forecast period.
The goat milk formula market comprises several players who are primarily focused on developing improved products. Besides this, players in the goat milk formula market are focused on expanding their product portfolio with respect to goat milk formula.
Key players operating in the goat milk formula market include DGC, Ausnutria Dairy Corp Ltd, Baiyue Youlishi, Red Star, MilkGoat, Fineboon, Shengfei, Holle, Vitagermine, Danone, YaTai-Precious, Guanshan, Herds, Jinniu, ShengTang, and DANA Dairy among others.
One of the key factors spelling growth in the goat milk formula market is its composition. Goat milk formula is primarily manufactured and marketed for goat milk, which is a preferred food for babies and infants. For ease of use, goat milk formula is prepared for bottle-feeding or cup-feeding.
Apart from this, the demand for goat milk formula within the entire infant nutrition category is rising at a phenomenal pace. Millennial mothers are more aware of the importance of breast milk, hence use its close substitutes for their baby’s health. This is another key factor fuelling demand for goat milk formula, which is nutrient-rich and easy digestible. Structurally, fat globules in goat milk formula are relatively smaller in diameter, which allows easier digestion as much as 94% among infants.
Another key factor fuelling the goat milk formula market is enormous rise in use of goat milk for cheese products and dietary supplements.
North America and Europe are expected to witness sizeable rise in demand for goat milk formula. Proliferating use of goat milk formula because of its similar constituents as human breast milk is a primary factor fuelling the goat milk formula market in these regions.
Asia Pacific goat milk formula market is predicted to witness significant growth over the forecast period. Rising demand for substitutes that are close to breast milk due to increasing number of women in the workforce in developing countries of the region is fuelling the goat milk formula market in the region. Increasing practice of bottle-feeding infants in developing countries of the region, as mothers are increasingly complementing breast milk with infant formula is spelling growth in goat milk formula market of the region.
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