Goat Milk Market: Understanding Present and Future Prospects

Published 2020년 7월 10일

Tridge summary

India is the world's leading milk producer, with a projected increase in milk production by 2023-24, and has a significant rise in per capita availability of milk. There is a growing demand for alternative milk products, especially goat milk, due to its numerous health benefits including better digestibility and essential nutrients not found in cow milk. The global goat milk market is expected to grow at a CAGR of 3.8% from 2019 to 2026, driven by increasing awareness of healthier milk alternatives and government initiatives to boost the dairy sector. Consumers in India are willing to spend more on goat milk due to its health benefits, indicating a bright future for the demand for goat milk and its products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

We all know that milk and milk products are the essential food items of human beings, supplying adequate nutritional supplements, especially to the children. The country's estimated milk production for 2010-11 stood at 121 million tonnes, close to 17% of the world's milk production. India’s milk production in the current year is projected to reach 195 MMT. There has been a significant jump of approximately 62% production in 10 years. At present India is the world's largest milk producer, with 22 percent of global production, followed by the United States of America, China, Pakistan and Brazil. The per capita availability has sharply increased from 225 gm per day in 2003-04 to 375 gm per day in 2017-18 was 375 gm/day and by 2023-24, it is estimated to increase to 592 gm/day. The year 2019 saw paradigm shift in the milk consumption in India and it was a sort of milk revolution since the consumer started looking for alternative products, other than cow or buffalo milk, to camel milk, ...

Source: Krishi Jagran