Market Size of Global Goat Cheese Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.60 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Goat Cheese Market Analysis
The Goat Cheese market is projected to register a CAGR of 3.6% during the forecast period, 2022-2027.
Widespread acceptance of goat cheese in several countries owing to its health benefits is the primary driver of the market. Additionally, goat cheese producers are introducing goat cheese in different flavors in response to consumers' rising interest in fresh, healthful dairy products. For instance, goat cheese is preferred over its conventional counterparts as it contains more protein and less cholesterol than cow cheese. Moreover, the market is being driven by improvements in goat breed quality and technological advancements in cheese production.
Europe is the world's top producer of goat cheese, with France serving as its largest market. Retail sales are anticipated to be driven by the rising demand for goat cheese products in developed economies including the United States, France, and Germany. Africa and Asia are among the regions that eat the most goat milk, although these regions consume less goat cheese than developed markets. However, the rising prevalence of obesity and cholesterol-related disorders in these regions is anticipated to stimulate the preference for goat cheese during the forecast period.
The global goat cheese market has been significantly impacted by the COVID-19 outbreak. The shutdown of major distribution channels all over the world to prevent the coronavirus spread had a substantial impact on the supermarket/hypermarket segment. Manufacturers focused on new tactics to improve the scenario by investing in online distribution and introducing new products. For instance, the U.S.-based cheese company called Consider Bardwell Farm started online retailing by opening a new website in July 2020.
