Potential for New Zealand's goat milk exports

Published 2021년 4월 30일

Tridge summary

A government-funded report highlights the potential for New Zealand's sheep and goat milk industry to expand globally, with exports of goat milk products reaching $250 million in 2019. The industry, currently producing 4% of the world's goat milk, has the potential to contribute $480 million to the economy by 2024 through the production of high-value products like infant formula. The report emphasizes the need for a strategy to maximize value rather than compete on scale, especially in the attractive but challenging Chinese market. Other potential markets include Taiwan and South Korea, with goat-based yoghurt, UHT milk, and pet food powders also showing promise. However, the industry faces challenges such as technical difficulties with goat milk's instability and competition from European cheeses.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A report prepared by the Sheep and Goat Dairy Project, a government funded, not-for-profit initiative dedicated to growing New Zealand's sheep and goat milk industry, notes that in 2019 exports of goat milk products topped $250m. Mounting interest in non-bovine milks globally provides an opportunity for New Zealand to expand its dairy goat sector and leverage its strengths as a producer of high-quality dairy products, the report says. At a global level, New Zealand is a small participant producing 4% of the volume of milk processed by the main exporters of goat dairy products. The report states that although there is scope to increase milk volumes as the sector expands, New Zealand cannot expect to compete on scale. "The focus must be on how it can maximise value from the milk it does produce." In 2019, New Zealand exports of goat milk products were estimated to be valued at $250 million. Under the current model, expanding the industry through the production of high-value products ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.