Scope of the Study
The global donkey's milk market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Rising awareness of product among the users, growing milk consumption owing to growth in demand for balanced diet & precision nutrition technique and rising demand for skincare products made with donkey's milk are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified, by Application (Cosmetics & Personal Care, Food & Beverages and Others) and major geographies with country level break-up.
Asinus Atlanticus S. A. (Portugal), AZIENDA AGRICOLA MONTEBADUCCO (Italy), Dolphin IBA (India), Eurolactics Group S.A. (Italy), Farm Donna Tina (Italy), Golden Donkeys Shop (Cyprus), Hellenic Asinus Farms (Greece), Stephenson (United Kingdom), The Donkey Dairy PTY LTD (South Africa), The White Sea & Baltic Company Ltd (United Kingdom) and Yeshmitha Haran (India) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that Italy Vendors will contribute to the maximum growth of Global Donkey's Milk market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Donkey's Milk market by Type, Application and Region.
On the basis of geography, the market of Donkey's Milk has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Awareness Regarding Product Potential
- Rising Milk Consumption Owing to Growth in Demand for Balanced Diet
- Growing Adoption of Precision Nutrition Technique
- Rising Demand for Skincare Products such as Creams, Soaps, and Moisturizers Made with Donkey's Milk
- Growing Health Consciousness Among Consumers
- Rising Adoption of Online Sales Channel
- Short Term Restraint for the Market Due to Shutting Down of Operations & Process of Different Companies Across Different Parts of the World Due to COVID-19 Pandemic
- Opportunities in the Asia Pacific Region
- High Cost of Donkey's Milk Due to Lack of Production as Donkeys do not Provides as Much of Milk as Cows
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Leading to Generation of Demand & Supply Gap in the Market
Analyst CommentDonkey's Milk is as much as healthier compared to mother's milk due to the presence of proteins, lactose, omega-69 fatty amoio acid, and minerals. Donkey's milk is comprised with immune enhancer proteins which allows protection from infections & diseases. In addition, donkey’s milk has high content of lysozyme which provides prevention from pathogenic microorganism. Moreover, the government of emerging countries are also taking initiatives to formalise donkey milk business in their countries such as India, which is expected to further boost the market during the forecast period.
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