III. Industry Analysis
Demand for goat meat and goat milk products has increased in recent years. The general public has been looking for alternatives to cow milk, and for many, goat milk makes the best substitution. With an increase in demand, there will be a greater need for goat farms across the U.S. in the near future.
This demand is not expected to slow down anytime soon. For example, the goat milk industry is expected to grow at a compound annual growth rate of 4.7% over the next 10 years. This substantial growth shows that goat farms are needed more than ever to keep up with demand. Therefore, this is a great time to establish a new goat farm to provide residents with all their goat meat and dairy needs.