The global goat milk infant formula market size was valued at US$ 1167.1 million in 2023 and is forecast to reach US$ 2147.8 million by 2030, exhibiting a CAGR of 10.7% during the forecast period.

The market growth is attributed to the increasing awareness of the health benefits of goat milk, such as its higher digestibility, lower lactose content, and hypoallergenic properties. Goat milk is also a good source of vitamins, minerals, and proteins, which are essential for the growth and development of infants.

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Another key driver of the market growth is the rising demand for goat milk infant formula from parents who are looking for natural and healthy alternatives to cow milk infant formula. Goat milk infant formula is also becoming increasingly popular among parents of infants with allergies or sensitivities to cow milk.

The Asia Pacific region is expected to be the fastest-growing market for goat milk infant formula during the forecast period. This is due to the growing population of infants in the region, as well as the rising awareness of the health benefits of goat milk.

Factors driving the growth of the goat milk infant formula market:

There are a number of factors driving the growth of the goat milk infant formula market, including:

• Increasing awareness of the benefits of goat milk: Goat milk is a good source of protein, calcium, and other nutrients that are essential for the growth and development of infants. It is also easier to digest than cow's milk, making it a good option for babies with lactose intolerance or other digestive problems.
• Rising demand for natural and organic products: Goat milk infant formula is often perceived as being more natural and organic than cow's milk-based formula, which is appealing to many parents.
• Growing disposable income: As disposable incomes rise, parents are more willing to spend money on premium products, such as goat milk infant formula.

Key Takeaways:

The global goat milk infant formula market is expected to grow at a CAGR of 10.7% from 2023 to 2030. This growth is being driven by a number of factors, including:

• Increasing awareness of the health benefits of goat milk formula, such as its easier digestibility and lower lactose content.
• Rising disposable incomes and increasing urbanization, which are leading to a growing demand for premium and specialized infant formulas.
• Growing awareness of food allergies and intolerances, which is leading to a growing demand for hypoallergenic and lactose-free infant formulas.

Regional Outlook:

The Asia Pacific region is expected to be the largest and fastest-growing market for goat milk infant formula over the forecast period. This growth is being driven by factors such as the increasing prevalence of food allergies and intolerances, rising disposable incomes, and growing awareness of the health benefits of goat milk formula.

Other key regional markets for goat milk infant formula include North America and Europe. The North American market is expected to grow at a steady pace over the forecast period, driven by factors such as the increasing prevalence of food allergies and intolerances, and the growing popularity of goat milk products. The European market is expected to witness moderate growth over the forecast period, driven by factors such as the rising disposable incomes and increasing awareness of the health benefits of goat milk formula.

Key Players:

Some of the key players in the global goat milk infant formula market include:

• Ausnutria
• DGC
• Danone
• Kabrita
• Nannycare
• Nestle
• Saint-Allet
• The a2 Milk Company
• Trifecta Nutrition

Segmentation:

The global goat milk infant formula market can be segmented by type, distribution channel, and region.

By type:

• First class (0~6 months)
• Second class (6~12 months)
• Third class (1~3 years)

By distribution channel:

• Supermarkets (hypermarkets)
• Retail stores
• Online selling

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa