The GCC dairy market size reached US$ 10.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.59% during 2024-2032.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 10.1 Billion |
Market Forecast in 2032
|
US$ 16.5 Billion |
Market Growth Rate 2024-2032 | 5.59% |
Dairy products are milk-based products derived from animal sources, such as camels, cows, buffaloes and goats. The milk is commonly available in skimmed, low-fat and full-fat variants. It is a rich source of calcium, protein, phosphorous, magnesium, iron, iodine and essential vitamins. Some of the commonly available dairy products include milk, cheese, butter, desserts, yogurt, sour cream, quark and fromage frais. They are also used for extracting whey protein powder and concentrates, whole milk powder, probiotics and lactose and casein extracts. Regular consumption of dairy can aid in maintaining the nutritional balance in the body, boosting immunity, metabolism and preventing chronic diseases, such as diabetes, hypertension, musculoskeletal disorders and cardiovascular ailments.
Significant growth in the food and beverage industry in the GCC region is one of the key factors creating a positive outlook for the market. Moreover, rising health consciousness among the masses and increasing consumption of camel milk are providing a thrust to the market growth. In comparison to the traditionally used cow milk, camel milk has higher immunoglobulin and other nutritional content. It is also a natural probiotic, which promotes the production of healthy bacteria in the stomach, thereby improving digestion and preventing viral and bacterial infections. In line with this, shifting dietary preferences and changing lifestyles of the consumers are also contributing to the market growth. Manufacturers are developing innovative lactose-free dairy products fortified with functional, low-fat and sugar-free ingredients to reach a wider consumer base. Other factors, including rising expenditure capacities of the consumers, along with an increasing number of camel breeding farms in Saudi Arabia, United Arab Emirates (UAE) and Qatar for specialized milk production, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC dairy market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on product, distribution channel and application.
Breakup by Product:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Al Ain Farms, Al Rawabi Dairy Company, Almarai Company, Arla Foods amba, Fonterra Co-operative Group Limited, Lactalis Group, National Agricultural Development Company (NADEC), Nestlé S.A., Saudia Dairy & Foodstuff Company (SADAFCO), Al Safi - Danone and GCMMF.
Report Features | Details |
---|---|
Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Product, Distribution Channel, Application, Country |
Countries Covered | Saudi Arabia, UAE, Oman, Kuwait, Qatar, Bahrain |
Companies Covered | Al Ain Farms, Al Rawabi Dairy Company, Almarai Company, Arla Foods amba, Fonterra Co-operative Group Limited, Lactalis Group, National Agricultural Development Company (NADEC), Nestlé S.A., Saudia Dairy & Foodstuff Company (SADAFCO), Al Safi - Danone and GCMMF |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |