Donkey Milk Market: Harnessing Nutritional Benefits and Cosmetic Innovations
Donkey Milk Market
Projected to reach $68.14 million by 2027, driven by rising demand in the cosmetics and food industries.
WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, May 9, 2024 /EINPresswire.com/ -- Allied Market Research published a report titled, "Donkey Milk Market by Application (Cosmetics & Personal Care and Food & Beverages) and Form (Liquid and Powder): Global Opportunity Analysis and Industry Forecast, 2021โ2027." According to the report, the global donkey milk market garnered $28,180 thousand in 2019 and is expected to garner $68,139 thousand by 2027, growing at a CAGR of 9.4% from 2021 to 2027.
๐๐ซ๐ข๐ฆ๐ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐๐ง๐ญ๐ฌ ๐จ๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
rise in use of donkey milk in food & beverages, surge in utilization of donkey milk in cosmetics industry, and growth in consumption of donkey milk by health-conscious consumers drive the global donkey milk market. However, lack of awareness regarding donkey milk and its high cost restrains market growth. On the other hand, rise in social media awareness is expected to offer an array of opportunities to the market players in the near future.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/5662
๐๐จ๐ฏ๐ข๐-๐๐ ๐๐๐๐ง๐๐ซ๐ข๐จ๐ฌ-
The outbreak of the pandemic led to increase in sales of donkey milk, owing to its high nutritional properties such as vitamins, minerals, protein, iron, and others.
As a result of the pandemic, people have started to switch towards herbal or organic skin care products. This, in turn, has increased the demand for donkey milk in cosmetics and personal care industry.
๐๐ก๐ ๐๐จ๐ฌ๐ฆ๐๐ญ๐ข๐ ๐๐ง๐ ๐ฉ๐๐ซ๐ฌ๐จ๐ง๐๐ฅ ๐๐๐ซ๐ ๐ญ๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐ ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐
Based on application, the cosmetics and personal care segment held more than three-fourths of the total share of the global donkey milk market in 2019 and is estimated to continue its dominant position throughout the forecast period. This is due to rise in demand in personal care industry and surge in demand for advanced natural ingredients. However, the food and beverage segment is expected to register the highest CAGR of 10.4% from 2021 to 2027. This is due to the presence of proteins, omega-69 fatty acids, lactose, and minerals in donkey milk. In addition, donkey's milk consists of immune enhancer compounds, which protects toddlers from infections and diseases. Which further drives the growth of the segment.
๐๐ก๐ ๐ฉ๐จ๐ฐ๐๐๐ซ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on form, the powder segment held the highest market share in the global Donkey Milk market in 2019, contributing to nearly two-thirds of the total share, and will maintain its lead position in terms of revenue by 2027. The donkey milk powder origin is natural and it is a key ingredient which is widely used in the cosmetics industry. Moreover, donkey milk powder is a rich source of minerals, protein, bioactive enzymes, essential fats, and various growth factors such as riboflavin, vitamin D, and others, which provides natural nourishment to skin and tone it. However, the liquid segment is estimated to register the fastest CAGR of 10.3% from 2021 to 2027. Donkey milk contains less cholesterol and fat when compared with cow, goat, and sheep milk, which in turn increases the growth of the segment.
increase in use of donkeyโs milk in various cosmetics and personal care products such as creams, soaps, moisturizers, and others drives the growth of the global donkeyโs 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 cosmetic 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 producers 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.
The number of social media users have increased considerably with rise in internet penetration. Taking this into consideration, stakeholders of donkey milk are interested in creating awareness regarding donkey milk products and their health benefits. Moreover, social media is one of the strategies adopted by various manufacturers to impart awareness about their product offerings among target customers on social media channels. Thus, through social media awareness strategy, global donkey milk sees critical opportunity to gain traction and increase its customers reach among its target segments. However, high price of donkeyโs milk compared to cow milk, buffalo milk, and goat milk restrains the donkey milk market's growth. Moreover, products that are made from donkey milk, such as cheese, chocolates, cheddar, and others, are also expensive. In addition, a kilogram of donkey milk cheese costs around $1,130, which makes it the worldโs most expensive cheese. Moreover, lack of government support for producing donkey milk and unavailability of donkey farm affect the production and cost of the milk. Moreover, the manufacturers do not have a proper supply chain, owing to which it is not available in hypermarkets, supermarkets, or online sales channel. These factors restrain the growth of the donkey milk market.
๐๐ฎ๐ซ๐จ๐ฉ๐, ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐๐ ๐๐ฒ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐, ๐ญ๐จ ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐ ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
Based on region, Europe, followed by North America, held the largest market share in terms of revenue, with nearly half of the global donkey milk market in 2019, and is expected to retain its dominance during the forecast period. The global players, along with donkey milk manufacturing companies in Europe, majorly focus on product innovation and have introduced donkey milk cosmetics and confectionary, which further boosts the demand for donkey milk. However, Asia-Pacific is expected to grow at the highest CAGR of 11.5% from 2021 to 2027. Donkey milk is new product in the animal milk category in the Asia-Pacific region, as its ingredients shows resemblance to human breast milk in terms of lactose, protein, and ash.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ญ: https://www.alliedmarketresearch.com/purchase-enquiry/5662
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