China Goat Milk Products Market Size & Outlook, 2023-2030
China goat milk products market, 2018-2030 (US$M)
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China goat milk products market highlights
- The China goat milk products market generated a revenue of USD 1,099.1 million in 2023 and is expected to reach USD 1,579.2 million by 2030.
- The China market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, powdered milk was the largest revenue generating product in 2023.
- Powdered Milk is the most lucrative product segment registering the fastest growth during the forecast period.
Goat milk products market data book summary
| Market revenue in 2023 | USD 1,099.1 million |
| Market revenue in 2030 | USD 1,579.2 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Powdered milk |
| Fastest growing segment | Powdered Milk |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Liquid Milk, Powdered Milk |
| Key market players worldwide | Ausnutria Dairy Corp Ltd, GOAT Industries Ltd, Saputo Inc, Emmi AG, Holle baby food, St Helen's Farm, Hewitt’s Dairy, Hipp, Courtyard Farms |
Other key industry trends
- In terms of revenue, China accounted for 8.5% of the global goat milk products market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India goat milk products market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,579.2 million by 2030.
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Goat Milk Products Market Scope
Goat Milk Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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China goat milk products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to goat milk products market will help companies and investors design strategic landscapes.
Powdered milk was the largest segment with a revenue share of 58.74% in 2023. Horizon Databook has segmented the China goat milk products market based on liquid milk, powdered milk covering the revenue growth of each sub-segment from 2018 to 2030.
Shaanxi province of China is the largest producer of goat milk and goat milk dairy products. Some of the other significant regions for goat milk production in the country are Shandong, Liaoning, Henan, Yunnan, and Gansu provinces. China is the world's top importer of all types of dairy products including goat milk powder and whey, which are mostly used to make infant formula.
China imports the majority of its goat whey from Italy and the Netherlands. The dairy goat business in China has expanded significantly, particularly in Shandong, Shaanxi, and Henan provinces, because of government acknowledgment of the sector's potential as well as targeted research and financial incentives offered to the sector.
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Horizon Databook provides a detailed overview of country-level data and insights on the China goat milk products market , including forecasts for subscribers. This country databook contains high-level insights into China goat milk products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China goat milk products size, by product, 2018-2030 (US$M)
China Goat Milk Products Market Outlook Share, 2023 & 2030 (US$M)
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