GITNUX MARKETDATA REPORT 2024

Goat Valuation Statistics

The valuation of goats can vary widely based on factors such as breed, age, gender, and market demand.

Last Updated: June 23, 2024

How we write

In this post, we explore the diverse and global landscape of the goat industry, from market values and farming costs to export figures and industry projections. With statistics ranging from the value of goat meat in different countries to the market size of goat-derived products, we delve into the significant economic impact goats have worldwide.

Statistic 1

"As of 2020, the global goat meat market value stood at approximately 9.8 billion U.S. dollars."

Statistic 2

"The global goat milk market was worth US$ 9.5 Billion in 2019."

Statistic 3

"The value of U.S. dairy goat operations was estimated at $75.4 million in 2017."

Statistic 4

"In Ethiopia, an average goat price is USD 90.27, depending on the market."

Statistic 5

"In Spain, the economic value of the goat industry was estimated at €400 million in 2020."

Statistic 6

"In India, the average price of a goat is around INR 5,500."

Statistic 7

"The market value of goat cheese in France reached 182.9 million euros in 2019."

Statistic 8

"However, France's goat cheese market value declined by -1.2% between 2018 and 2019."

Statistic 9

"The global goat milk infant formula market is projected to reach USD 8.37 billion by 2026."

Statistic 10

"In New Zealand, the cost of farming goats can range from NZD 400-600 per hectare."

Statistic 11

"In Canada, approximately 83% of dairy goat farms had gross farm receipts of $250,000 or more in 2016."

Statistic 12

"The average cost of a Boer goat in the U.S. can range from $200-$500, depending on its age and quality."

Statistic 13

"The global caprylic acid (a fatty acid derived from goat milk) market is projected to reach USD 678.2 Million by 2027."

Statistic 14

"The global cashmere (a fibre produced by cashmere goats) market size was valued at USD 2.66 billion in 2018."

Statistic 15

"Pakistan exported goats worth $5.79 million in the financial year 2018-19."

Statistic 16

"In the UK, the cashmere goat industry is valued at approximately £4.5 million per year."

In conclusion, the global goat industry encompasses a wide range of markets, including goat meat, milk, cheese, and related products, with significant economic value in various countries such as the U.S., Spain, Ethiopia, India, and France. The projections for future markets like goat milk infant formula and caprylic acid indicate continued growth and opportunities. However, there are fluctuations observed in certain sectors, such as the decline in France’s goat cheese market value. These statistics underscore the diversity and economic importance of the goat industry on a global scale, with varying trends and potentials for growth in different regions.