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.
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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.
Sheep Milk Market: Competitive Landscape and Key Developments
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.
Impact of COVID-19 Pandemic on Sheep Milk Market
The COVID-19 pandemic has negatively impacted various industries due to lockdowns, travel bans, the shutdown of manufacturing units, and supply shortages. The food and beverage industry faced operational difficulties caused by disruption of supply chains, labor shortage, and shortage in raw material supply. Moreover, the prices of Sheep Milk got significantly dropped as there was a decline in demand from various industries, such as food and beverage and personal care. This factor also affected the profitability of the market players and the farmers engaged in cultivating Sheep Milk. Thus, the COVID-19 pandemic substantially affected the global Sheep Milk market’s growth. However, as the governments of various countries introduced relaxation in the restrictions and rising vaccination rates, the food and beverage industry is recovering from its losses. The demand for Sheep Milk is projected to grow over the forecast period.
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Category Insights
Based on category, the global sheep milk market is segmented into organic and conventional.
The conventional segment held a larger share of the market. 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.
Distribution Channel Insights
Based on distribution channel, the global sheep milk market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The convenience stores segment held the largest share of the market. A convenience store is a retail outlet that sells a limited range of ready-to-eat products, bottled and fountain beverages, and various other products. The staff of a convenience store has complete knowledge about the product, which helps buyers know the product’s specifications before buying. In the US, convenience stores are usually associated with fuel stations. They are often located along busy roads or at important intersections in a community. Displaying products through convenience stores offer several benefits such as providing an opportunity for growth, targeted product placement, wide geographic reach, a perfect place for product testing, and many others, to the manufacturers and any brand. Due to all these benefits, even the sheep milk brands are selling their products through this sales channel. Also, the growing focus of consumers on purchasing the right quality products, increasing health concerns, and increasing focus on nutritional values are creating a lucrative demand for sheep milk.
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