Worldwide Sheep Milk Industry to 2028 – by Category, Distribution Channel and Geography – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Sheep Milk Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Category (Organic and Conventional) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others) and Geography” report has been added to ResearchAndMarkets.com’s offering.

The sheep milk market was valued at US$ 6,129.64 million in 2021 and is projected to reach US$ 8,095.61 million by 2028; it is expected to grow at a CAGR of 4.1% from 2021 to 2028.

Sheep milk, also known as ewe’s milk, is obtained from domestic sheep. Several sheep breeds are farmed to get wool and are further used for meat and milk; however, a few specialized breeds are only utilized for commercial dairy products as they have a higher yield and longer lactating period. Sheep milk has been utilized since primordial time, owing to its high acceptability and digestibility to the human digestive system. It is further considered to be a healthy alternative to cow and goat milk, as it offers resistance against certain diseases and has antiallergenic properties. It mainly consists of a high amount of protein (5.4%); lactose (4.9%); lipid fat (6.4%); saturated fatty acids; carbohydrates; unsaturated fatty acids, including oleic acid, conjugated linoleic acids, and trans-fatty acids; vitamins, such as vitamin B12, vitamin B5, vitamin A, vitamin B2, vitamin B1, vitamin C; minerals, such as phosphorus and calcium; and amino acids, such as tryptophan, valine, threonine, isoleucine, leucine, lysine, and histidine.

Based on category, the sheep milk is segmented into organic and conventional. In 2020, the conventional segment accounted for a larger market share. Conventional sheep milk is obtained from sheep fed with conventionally grown feed i.e., with the application of chemicals. The majority of the dairy farmers use conventional sheep farming practices to deliver milk to consumers as it is more economical. Conventional farming is known as one of the most popular as well as preferred farming methods, owing to its price and easy availability. All these factors have led to a significant rise in demand for conventional sheep milk.

Geographically, the sheep milk market is segmented into North America, Europe, Asia-Pacific (APAC), South & Central America (SAM), and Middle East & Africa (MEA). Asia-Pacific held the largest revenue share of the global sheep milk market. Steady growth in the middle-class population, coupled with a rise in urbanization in the countries, creates lucrative opportunities for the major market players. Due to the ever-increasing disposable income of the middle-income group population, people are willing to pay higher prices for food products such as sheep milk, which is comparatively expensive than cow milk. Change in consumer preferences for taste, increase in demand for high-protein and high-energy products, rise in demand for sheep milk from health-conscious consumers, and the easy availability of various product variants, are boosting the growth of the sheep milk market in Asia-Pacific. A few key players operating in the Asia-Pacific sheep milk market are Fernglen Farm, Origin Earth Ltd., Sheep Milk Company Ltd., and Spring Sheep Milk Co., among others. The key manufacturers are highly focused on developing high-quality and innovative products to meet the consumer’s requirements through research & development, technological advancement, and other strategies.

Reasons to buy

• Highlights key business priorities to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global sheep milk market, thereby allowing players to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Market Dynamics

Drivers

• Growing Consumer Awareness Toward Health Benefits of Sheep Milk
• Increasing Preference of Sheep Milk

Restraints

• High Demand for Substitute Products
• Presence of Unorganized Market

Opportunities

• Growing Retail Infrastructure in Asia-Pacific

Future Trends

• Surging Demand for Organic Products

Companies Mentioned

• Origin Earth Limited
• Sheep Milk Company Ltd.
• Velvet Cloud
• Best Baa Dairy Limited
• OVINO
• Secret Lands Farm
• Fernglen Farm

For more information about this report visit https://www.researchandmarkets.com/r/7itp7x

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