Goat Milk

Is the United States’ dairy industry on the brink of a new golden age of dairy trade? The International Dairy Foods Association (IDFA) thinks so.

Industry Growth Fueled by Strategic Investments – The U.S. dairy industry, a vital economic engine supporting over 3.2 million jobs and contributing nearly $800 billion to the national economy, is poised for sustainable growth. According to the International Dairy Foods Association (IDFA), the industry has committed over $8 billion to expanding processing capacities, expected to come online in the coming years.

Record Exports Fuel Optimism – The optimism is fueled by new data from the USDA revealing that U.S. dairy exports reached $8.2 billion in 2024, marking the second-highest total in history. These exports saw an increase of $223 million from the previous year, with Mexico and Canada as the top trading partners, accounting for over 40% of total exports and achieving new value records.

Challenges and Strategic Priorities – However, challenges remain. China and Southeast Asia including the Philippines, Vietnam, and Malaysia imports have dropped to their lowest levels since 2020, highlighting a need for strategic trade policies. IDFA President and CEO Michael Dykes emphasized the necessity of a trade agenda prioritizing market access and equitable conditions.

“To truly lead the global dairy market, we need trade deals that enhance market access and address existing barriers,” stated Dykes.

Future Opportunities for Expansion – Today, approximately one day’s worth of milk produced on America’s dairy farms each week is exported, or roughly 18% of all production. As U.S. milk production continues to increase over the next decade, expanding markets will become even more vital to ensure the global competitiveness of the industry and to boost the American economy.

The U.S. is currently the third-largest global dairy exporter, following New Zealand and the European Union. As production continues to rise, expanding international markets will be crucial for maintaining competitiveness and supporting economic growth. The IDFA suggests that with strategic trade agreements, American dairy could reshape the global market landscape for decades.

“Overall, U.S. dairy exports are performing well, but we can do more,” Dykes concluded.

“With new trade agreements that remove obstacles and increase market access, we wouldn’t just break records — we would redefine the global dairy landscape for decades to come.”

The global evaporated goat milk market is on an upward trajectory, fueled by its nutrient-rich profile and growing popularity as a lactose-alternative.

The goat milk products industry worldwide is expected to reach a projected revenue of US$ 17,908.3 million by 2030. A compound annual growth rate of 4.7% is expected of the worldwide goat milk products industry from 2024 to 2030.

Global goat milk products market highlights:

• The global goat milk products market generated a revenue of US$ 12,956.3 million in 2023 and is expected to reach US$ 17,908.3 million by 2030.
• Market analysis by Research and Markets, featured on a premier research platform, projects a resilient growth from $5.75 billion in 2023 to an estimated $6.63 billion by 2028, supported by a compound annual growth rate (CAGR) of 3.0%.
• The market is expected to grow at a CAGR (2024 – 2030) of 4.7% by 2030.
• In terms of segment, liquid milk accounted for a revenue of US$ 8,244.6 million in 2023.
• Powdered Milk is the most lucrative product segment registering the fastest growth during the forecast period.
• In terms of region, Asia Pacific was the largest revenue generating market in 2023.
• Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.

Key Growth Drivers:

• Health and Wellness Trends: Increasing consumer awareness regarding the health benefits of goat milk and its culinary versatility.
• Lactose Intolerance Prevalence: The rise in lactose-intolerant populations globally contributes to the growing acceptance of evaporated goat milk.
• Disposable Income Surge: Growing disposable income across regions propels the demand for premium and health-conscious products.
• Vegan and Dairy-Free Lifestyles: The shift towards vegan and dairy-free lifestyles is a significant factor influencing market expansion.

Factors Propelling Growth:

• Consumer Awareness: Rising understanding of the nutritional advantages of evaporated goat milk, especially suitable for children and those with dietary restrictions.
• Technological Advances: Ongoing efforts in product innovation and technological advancements by key industry players.
• Government Support: Favorable policies and government backing for dairy alternatives and lactose-intolerant friendly products.
• Functional Variations: Availability of functional and fortified goat milk options catering to modern consumer preferences.

Regional Dynamics and Market Segmentation:

Europe Dominance: Europe stands as a prominent player, followed by contributions from Asia-Pacific, North America, and the MEA region.

Category Segmentation: The market is categorized into whole evaporated milk and skimmed evaporated milk, each finding application in areas such as infant food, dairy products, confectionery, and bakeries.

Distribution Channels: Both online and offline channels contribute to the accessibility of evaporated goat milk products.

This comprehensive report provides valuable insights into the evolving landscape of the evaporated goat milk market, offering a strategic perspective for industry stakeholders navigating this dynamic and growing sector.