Whole fresh goat milk production in Oceania stood at 38 metric tons in 2023. Over the past decade, production has seen considerable fluctuations. From 2013 to 2016, there was a general downward trend, followed by minor recoveries and additional drops through to 2023. The most notable shifts include a significant decline in 2014 and another recovery in 2017, though not sustainable. The last two years saw a small decline of 2.56% in 2023. The 5-year Compound Annual Growth Rate (CAGR) leading into 2023 averaged -0.52%. Forecasts predict a continued slight downward trend, with a forecasted 5-year CAGR at -0.53% and an overall decline of 2.64% by 2028.
Future trends to watch for include factors affecting goat farming efficiency, such as technological advancements in dairy processing, changes in consumer preferences towards non-cow milk options, government regulations on dairy production, and impacts from climate change on farming conditions. Monitoring global market demands and possible entry of new producers in Oceania will also be critical to understanding future production volumes.
