The production of goat milk cheese in Africa has demonstrated a steady upward trajectory from 2013 to 2023, growing from 227.68 thousand metric tons to 292.97 thousand metric tons. Over this period, the compound annual growth rate (CAGR) has shown fluctuations, reaching a peak of 10.8% in 2016 and stabilizing at approximately 2.54% by 2023.
• 2013-2016: Initial years showed strong growth with CAGR peaks around 10%.
• 2017-2021: Growth rate slowed down, with the year-on-year variation experiencing minor drops and recoveries, particularly noticeable during 2020 with a -2.48% decrease.
• 2022-2023: The market showed modest growth, with year-on-year variations close to 2.31%.
Looking ahead, the forecast data from 2024 onwards predicts continued growth, albeit at a slower pace, with a forecasted 5-year CAGR of 1.76%, translating to a 9.1% growth rate through 2028. Future trends to watch for include the impact of economic shifts on consumer demand, advancements in production technology, and potential changes in trade policies affecting the dairy sector.
