December 5, 2023

Goat Cheese Market Report Highlights Growth Prospects 2030

Goat milk and its derivative products, such as cheese, are gaining widespread popularity among health-conscious consumers due to their rich protein content, calcium, vitamins, and iron. Goat cheese, in particular, has become an essential ingredient in various cuisines worldwide, thanks to its high nutritional value and low fat and cholesterol levels. Compared to traditional cow’s milk cheese, goat cheese boasts double the amount of medium-chain fatty acids, making it an ideal choice for lactose-intolerant individuals. The global goat cheese market is also thriving as an artisanal cheese variety, enjoying significant demand in niche markets and specialty deli stores.

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According to a recent report by Fairfield Market Research, the demand for goat cheese is poised to soar in the coming years, fueled by local restaurants’ efforts to offer healthier options to their customers. Goat cheese manufacturers are adapting to this growing demand by diversifying their product portfolios and exploring innovative culinary ideas to cater to evolving diets and consumer preferences. Leading dairy producer Saputo Inc., for instance, has introduced a wide range of goat cheese products specifically designed for restaurants, including goat milk feta cheese, goat cheese logs, frozen goat cheese, and goat cheese crumbles.

Fresh Cheese Dominates the Market, Providing Opportunities for Local Artisans

The global goat cheese market is segmented by product type, end use, sales channel, and region. Among the product types, soft cheese is expected to exhibit a high compound annual growth rate (CAGR) during the forecast period. Soft cheese, typically aged for less than 60 days, is known for its creamy texture and mild flavor. Its freshness, often sourced from local producers, has made it readily available to consumers while creating opportunities for small, homegrown businesses to thrive.

In terms of end users, the food service segment is projected to hold a significant share of the global goat cheese market by the end of 2021. The increased consumption of cheese-based products, coupled with goat cheese manufacturers’ focus on offering diverse product portfolios to restaurants, is expected to drive growth in this segment. The market utilizes sales channels such as business-to-business and business-to-consumer, with the latter further divided into supermarket, departmental stores, specialty outlets, and online platforms.

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France Leads the Way with ‘Le Fromage de Chèvre’

While lockdowns impacted cheese demand globally due to the closure of cafes and restaurants, France and Switzerland maintained strong cheese consumption, as cheese remains a staple in their diets. France, in particular, has continued to excel as a connoisseur and significant producer of goat cheese, known locally as ‘le fromage de chèvre.’ Analysts report a 6% surge in demand for goat cheese in France in 2020.

France boasts the third-largest goat herd in Europe and exports over 25% of its goat cheese production to Northern Europe and America. The European market values handmade and handcrafted local and fresh cheese products, making it a unique industry that attracts both tourists and locals.

Promising Growth in Asia Pacific’s Developing Nations

The goat cheese market in developing nations of Asia Pacific is currently at a niche stage. To cater to the growing demand, various governments have introduced favorable measures for farmers. For example, the Government of India offers subsidies of up to 25%-35% of the total cost for goat purchases to support the goat farming industry. These initiatives are expected to drive growth in the goat cheese market throughout the forecast period.

Global Goat Cheese Market: Competitive Landscape

Key players in the global goat cheese market include Saputo Inc., Carmelis Goat Cheese, Laura Chenel Chèvre, Avalanche Cheese Company, DeJong Cheese Company, Hillsborough Cheese Company, Cherry Glen Goat Cheese Co, Hudson Valley Creamery, LLC, SAVENCIA SA, and Delamere Dairy. These manufacturers are continually expanding their product portfolios to offer new and exciting options to consumers.

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For example, in 2021, Laura Chenel Chèvre introduced a new line of 113-gram goat cheese logs featuring eight distinct flavors, catering to at-home cooking enthusiasts and millennials seeking novel and versatile products. In February 2021, Saputo Inc. launched Montchevre® Jalapeño Honey Goat Cheese, targeting retail consumers looking for fresh and creamy cheese with a touch of excitement.

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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This press release first seen on Brilad