Camel Milk Brand Poised for Global Stage and Seeking Investment
Australian commercial camel milk dairy producer set to capitalise on the USD$50BN global infant formula market through its USD$12.7M milk processing facility
A tech-first company, Good Earth Dairy has invested over US$5m in its IP to be a price leader in this future commodity, sourced from the world’s largest feral camel population in the Australian outback.
Set to be completed for operation in 2026, Good Earth Dairy’s purpose-built facility will allow the company to increase their production capacity to 60kL per day (21.9 million litres per annum), and enter the infant formula market.
The grant includes increasing the farm capability and primary production, which will create over 90 new jobs once the assets are fully utilised. Already an established operation, Good Earth Dairy operates on a 800-hectare property with a herd of 160 camels with 200 on order, and distributes a range of products through leading and independent stores across Western Australia.
“Australia is in a unique position to be a global leader in camel milk production,” said Founder and CEO of Good Earth Dairy, Marcel Steingiesser. “If we were to rely on breeding we would be very limited but we have access to a huge supply of camels in outback WA. We have the livestock, the technology, the climate and the opportunity; now we have the government backing to move to the next level and begin growing on an international scale.”
Launched in 2016, Good Earth Dairy is one of Australia’s leading camel milk producers, and is set to capitalise on the USD$944BN dairy market, particularly as more people seek out dairy alternatives. The company has turned over USD$1.5m in revenue since distribution began, growing 200% over the last year.
Ahead of their planned IPO in 2024, Good Earth Dairy is launching a bridging round through an equity crowdfunding campaign via OnMarket. The capital will enable the company to increase their current capabilities while the new facility remains under construction.
Expressions of interest for Good Earth Dairy’s equity crowdfunding campaign are live via OnMarket, and investments are open to anyone internationally over the age of 18.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231031396147/en/
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