- Size, Trend, Share, Opportunity Analysis, and Forecast, 2016-2022
Progressive Markets published a report, Goat Milk Infant Formula Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2016-2022, which says that the market was valued at around 125.9 Kilotons in 2017 and is expected to grow at a CAGR of around 9.4% from 2018 to 2022.
Goat milk infant formula is a food prepared using fresh goats milk as the main raw material. It is used for feeding infants and babies. Also called breast milk of goat milk formula, it is usually prepared from goat milk powder (mixed with water) or liquid (with or without additional water). According to the U.S. Federal Food, Drug and Cosmetic Act (FFDCA), infant formula is defined as a food which purports to be or is represented for special dietary use solely as a food for infants by reason of its simulation of human milk or its suitability as a complete or partial substitute for human milk.
Market Drivers and Restraints:
The report provides an analysis of the drivers, restraints, and opportunities of the global goat milk infant formula market. The growth of the industry is supported by savvy consumers in search of healthier and more sustainable food products, environment sustainability, high nutrition and taste profile of goat milk, improvements in the global economic and regional business environment, and the growing trade and investment ties with emerging economies. Increasing demand from nations, especially from a growing class of new consumers associated with urbanization and rising incomes as well as improvements in economic governance and management are driving the growth of the market. Nonetheless, downward economic pressure and governments tightening of macroeconomic policies are slowing down the market growth. However, innovation in the goat milk infant formula technology, improvement in product stability and acceleration of the industrialization of scientific and technological achievements provide opportunities for industry growth.
The report studies the goat milk infant formula industry based on its segmentation. The market is classified by type, application, and geography. Based on type, the market is divided into first class (0-6 months), second class (6-12 months), and third class (1-3 years). Based on application, the market is classified as supermarkets/hypermarkets, retail stores, online selling, and others. Based on geography, the market is divided into the regions such as Asia, North America, and Europe.
Key Market Players:
The study provides the competitive landscape of the emerging players operating in the goat milk infant formula market to highlight the competition scenario. It also offers a detailed competitive analysis of the players and identifies various business strategies adopted by them. The key players in the market include Ausnutria Diary (Hyproca), Meiling, Herds, Baiyue Youlishi, Yatai-Precious, Milkgoat, Fineboon, Jinniu Diary, Shengfei Diary, Shengtang Diary, Meyenberg, Mt. Capra, DGC, Danone, Holle, FIT, and Vitagermine.
Key Benefits from the Report:
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