According to a new report published by Allied Market Research, titled, Donkey Milk Market by Application and Form: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global donkey milk market size was valued at $28,180 thousands in 2019, and is projected to reach $68,139.0 thousands by 2027, registering a CAGR of 9.4% from 2021 to 2027. Increase in use of donkey’s milk in various cosmetics and personal care products such as creams, soaps, moisturizers, and others drives the growth of the global donkey’s milk market. Moreover, cosmetics industry has evolved in countries such as the U.S., Canada, and Italy; therefore, the market is growing at a steady rate in these countries. Furthermore, to improve sales, manufacturers of cosmetics products are capitalizing on rise in consumer interest towards natural ingredients. In addition, the ongoing trend of clean label and advanced natural ingredients is providing added advantage to the producer for producing further new products. Thus, surge in demand for natural ingredients and ongoing trend of clean label are expected to drive the growth of the donkey milk market.
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The global donkey milk market is expected to witness significant growth, owing to increase in uses of donkey milk in food & beverages products such as chocolate bars, cheese, cheddar, and others. Moreover, donkey milk is similar to human mother’s milk and it is also a substitute for toddler affected by cow milk protein allergies. Apart from this, it helps strengthen immunity and other respiratory tract infections such as cough, tuberculosis, pneumonia, bronchitis, and asthma, which further boost the growth of the donkey milk market.
The outbreak of COVID-19 has positively impacted the donkey milk market in 2020, as sale of companies has increased, owing to its high nutritious properties. In addition, according to the Food and Agriculture Organization (FAO), donkey’s milk can be a component of a balanced diet, milk, and dairy products and it can be an important source of dietary energy, fat, and protein. Furthermore, increase in adoption of donkey’s milk due to high vitamin content and ability to boost the immune system, during the COVID-19 pandemic to keep the immune system well drives the market growth.
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The donkey milk industry has been segmented on the basis of application, form, and region. Based on application, the market is bifurcated into cosmetics & personal care and food & beverages. On the basis of form, the market is categorized into liquid and powder. Region wise, the market is studied across North America, Europe, Asia, and rest of World.
Based on application, the donkey milk market is bifurcated into cosmetics & personal care and food & beverages. Cosmetics & personal care constitute a major donkey milk market share; however, the food & beverages segment is projected to experience growth at the highest CAGR during the donkey milk forecast period. Increase in use of donkey milk as an ingredient in cosmetic and personal care product such as cream, soap, lotion, and other significantly contribute toward the growth of the market.
On the basis of form, the market is categorized into liquid and powder. The powder segment holds the largest market share, accounting for around 63.5% of the total revenue in 2019, followed by liquid segment. This is attributed to increase in demand for powder form in cosmetics & personal care industry across the globe.
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Key Findings Of The Study
Based on application, the donkey milk market is bifurcated into cosmetics & personal care and food & beverages. Cosmetics & personal care constitute a major donkey milk market share; however, the food & beverages segment is projected to experience growth at the highest CAGR during forecast period.
On the basis of form, the donkey milk market is categorized into liquid and powder. The powder segment holds the largest market share, accounting for around 63.5% of the total revenue in 2019, followed by liquid segment.
By region, Europe accounted for highest market share in 2019, and is expected to grow at a CAGR of 8.1%.
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The key players profiled in the donkey milk industry report include Asinus Atlanticus S. A., Dolphin IBA, Donna Tina Farm, Eurolactis Italia Srl, Golden Donkeys Farm, Hellenic Asinus Farms, Stephenson Group Ltd, The Donkey Dairy PTY LTD, The White Sea & Baltic Company Limited, and Vro Enterprises.
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