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.
This market research report on the global goat milk market 2018-2022 also 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.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio highlights the increasing demand for flavored goat milk as one of the key emerging trends in the global goat milk market:
Global goat milk market: Increasing demand for flavored goat milk
As taste is an important parameter to judge a brand, players are increasingly concentrating on possibilities to enhance the flavor of their products. The variety of flavors in goat milk is gradually becoming popular. Thus, to capitalize on this demand, many players are offering goat milk with varied flavors. Thus, higher preference for flavored food products will usher more experiments in terms of flavor fusion.
“Another major factor other than increasing demand for flavored goat milk is attractive and innovative packaging which is one of the best ways to attract new consumers and create demand. Convenient, single serving or portable features in packaging are important parameters that consumers consider while making purchases. Thus, many goat milk players are introducing attractive packaging for their product offerings,” says a senior analyst at Technavio for research on non-alcoholic beverages.
Global goat milk market: Segmentation analysis
This market research report segments the global goat milk market by product (fresh goat milk and processed goat milk) and geographical regions (APAC, EMEA, and the Americas).
The APAC led the market in 2017 with a market share of more than 52% of the market share, followed by EMEA and the Americas respectively. However, during the forecast period, the Americas is expected to show the highest incremental growth.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.