Increasing Preference for Sheep Milk to Escalate Market Growth During 2021–2028
According to the latest market study on “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),” the market was valued at US$ 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. The report highlights key driving factors and prominent market players along with their developments in the market.
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.
Sheep milk has a unique and delicious flavor that has resulted in consumer preference in certain regions. It further helps in improving the health and the appearance of skin due to the presence of Vitamin E. Folate deficiency, which can permanently impact the infant life quality with several defects, can be prevented by sheep milk via balancing hormonal levels along with ensuring healthy delivery. Sheep milk further helps in diminishing the fat deposits in the body also by converting proteins into energy. Sheep milk has better and higher nutritional value than other sources of milk. Sheep milk is easier to digest due to the presence of medium-chain fatty acids, and it helps people who suffer from lactose intolerance. The fat globules in sheep milk are smaller than those found in cow’s milk. Along with ease in digestibility, smaller fat globules are less likely to cause high cholesterol levels.
The ongoing COVID-19 pandemic has massively affected the dairy industries in different countries, including China and the US, owing to decreased farmgate milk prices, worker shortages, disruption & difficulties of moving milk within the supply chains, increased production costs, and the lack of operating capital. However, the COVID-19 pandemic also had a massive impact mainly on how consumers shop, eat, and live. Lockdowns, as well as restaurant closures, have further contributed to an increase in the number of meals cooked and eaten at home, spurring meaningful growth across dairy products such as fluid milk and other milk-made products. Retail-facing dairy industries have benefited from these consumer trends. McKinsey company had conducted the third annual US dairy consumer survey with more than 1,000 respondents in October 2020. In addition, with the relaxation of restrictions on personnel movement and the lifting of lockdown measures, the global sheep milk market is presumed to witness notable growth in the coming years since people are aware of its nutritious value. Sheep milk contains nearly one-third more energy as compared to cow or goat milk (which makes it a favorite of high-performance athletes). It also has double the protein and much more of the right kinds of fats, vitamins, and minerals, particularly calcium, iron, phosphorus, magnesium, and zinc, while being lower in sodium. In addition, the growing demand for food products, especially packaged food & beverages, owing to the COVID-19 outbreak, is driving the demand for sheep milk from the food industry. Amid the COVID-19 pandemic, consumers are focused on maintaining their health, which is likely to boost sales of food products such as sheep milk globally. In the current situation, it is essential to raise immunity to combat the novel coronavirus and maintain hygiene and adhere to all medical advice. Furthermore, the rising demand for essential food products would propel the market growth during the forecast period. The COVID-19 pandemic has had a mild impact on the sheep milk market during the initial phase. However, the market is gaining share during the second wave of COVID-19, and post-pandemic, it is expected to gain significant growth in the coming years.
Origin Earth Limited, Sheep Milk Company Ltd., Velvet Cloud, Best Baa Dairy Limited, OVINO, Secret Lands Farm, and Fernglen Farm are among the well-established players in the global sheep milk market. Companies operating in this market have been continuously focusing on strategies such as product developments, plant expansions, and mergers and acquisitions to expand their footprint worldwide and fulfill the growing demand.
Geographic Overview of Sheep Milk Market
Sheep Milk Market to Grow at a CAGR of 4.1% to reach US$ 8,095.61 Million from 2020 to 2028
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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
Sheep Milk Market to Grow at a CAGR of 4.1% to reach US$ 8,095.61 Million from 2020 to 2028
Download Free SampleSheep 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
The report segments the global sheep milk market as follows:
Based on category, the global sheep milk market is segmented into organic and conventional. In terms of distribution channel, the global sheep milk market has been segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. By geography, the sheep milk market is segmented into five main regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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