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Goat Milk Infant Formula Market Size, Share Global Analysis Report, 2020–2026
Goat Milk Infant Formula Market By Age Group (0-6 months, 6-12 months, and 1-3 years), By Distribution Channel (Supermarkets/Hypermarkets, Retail Stores, Online Selling, and Others (Convenience Store, Specialty Stores, Medical & Pharmacy Store)): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[189+ Pages Report] According to the report published by Facts Factors, the global goat milk infant formula market size was worth around USD 4,000 million in 2019 and is predicted to grow to around USD 6,500 million by 2026 with a compound annual growth rate (CAGR) of roughly 8.5% between 2020 and 2026. The report analyzes the global goat milk infant formula market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the goat milk infant formula market.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Goat Milk Infant Formula industry. The report analyzes and declares the historical and current trends analysis of the Goat Milk Infant Formula industry and subsequently recommends the projected trends anticipated to be observed in the Goat Milk Infant Formula market during the upcoming years.
The goat milk infant formula market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Goat Milk Infant Formula market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Goat Milk Infant Formula industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Key Insights from Primary Research
- As per the finding through primary interviews with industry experts, Argentina, Brazil, and Mexico are the major countries contributing to the market growth in the Latin America region
- Increasing awareness among consumers regarding the requirement of healthy nutrients for an infant and the rising popularity of the infant milk formula are the major factors driving the market growth
- Saudi Arabia, Turkey, and UAE are the prominent countries contributing for the overall market growth in the Middle East
- In Europe, goat’s milk is fully permitted as a base for infant formula and it is broadly available in the region
- The growing interest of a parent in organic & natural baby food is estimated to present significant growth opportunities for goat milk infant formula in the U.K.
Key Recommendations from Analysts
- Our research analyst suggests a massive population base & rapid urbanization in countries such as China & India are the major factors driving the market growth in the Asia Pacific region
- The penetration of online stores specializing in baby food and related products is expected to fuel the sale and distribution of goat milk infant formula
- Slow population growth due to moderate net migration and the falling fertility & birth rates in South Africa may challenge the market growth
- Key companies are focused on the frequent launch of organic infant formulas
- Only a few brands of goat milk are fortified with folate and vitamin D, but other brands may not be fortified. This, in turn, is estimated as a challenge for market growth during the forecast period
Market Snapshot
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Goat Milk Infant Formula industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Goat Milk Infant Formula market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Goat Milk Infant Formula industry. The Goat Milk Infant Formula market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Goat Milk Infant Formula sector. Key strategic developments in the Goat Milk Infant Formula market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Goat Milk Infant Formula market are appropriately highlighted in the report.
A large number of working women and busy lifestyles are anticipated to offer a great opportunity for goat milk infant formula in the coming years. However, the U.S. Department of Agriculture does not recommend goat milk for infants as it contains inadequate quantities of vitamins C & D, niacin, iron, thiamin, pantothenic acid, and vitamin B6. Additionally, only a few brands of goat milk are fortified with folate and vitamin D, but other brands may not be fortified. This, in turn, is estimated as a challenge for market growth during the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 4,000 Million |
Projected Market Size in 2026 |
USD 6,500 Million |
CAGR Growth Rate |
8.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Herrenknecht, Komatsu, Kawasaki, Jim Technology Corporation, SELI, Tianye Tolian, Hitachi Zosen Corporation, Northern Heavy Industries Group Co., Ltd., and Shanghai Tunnel Engineering Co., Ltd, and Others |
Key Segment |
By Age, Distribution, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Numerous marketing campaigns from baby product manufacturers and vendors contributed to the higher sales of the baby food market in this region. However, the poor performance of the economy is still an important restraint for some regions.
Some of the essential players operating in the Goat Milk Infant Formula market, but not restricted to include
- Herrenknecht
- Komatsu
- Kawasaki
- Jim Technology Corporation
- SELI
- Tianye Tolian
- Hitachi Zosen Corporation
- Northern Heavy Industries Group Co.Ltd.
- Shanghai Tunnel Engineering Co.Ltd.
The taxonomy of the Goat Milk Infant Formula industry by its scope and segmentation is as follows:
By Age Group Segmentation Analysis
- 0-6 Months
- 6-12 Months
- 1-3 Years
By Distribution Channel Segmentation Analysis
- Supermarkets/Hypermarkets
- Retail Stores
- Online Selling
- Others (Convenience Store, Specialty Stores, Medical & Pharmacy Store)
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Herrenknecht
- Komatsu
- Kawasaki
- Jim Technology Corporation
- SELI
- Tianye Tolian
- Hitachi Zosen Corporation
- Northern Heavy Industries Group Co.Ltd.
- Shanghai Tunnel Engineering Co.Ltd.
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