Posted by GCC Dairy Market Overview 2024-2032
The latest report by IMARC Group, titled “GCC Dairy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the GCC dairy market growth. The 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.
Dairy refers to products made from the milk of mammals, primarily cows, and also includes goats, sheep, camels, and buffalo. The process of dairy production begins with the milking of these animals, after which the milk may be processed in various ways to produce a wide range of food products. Common dairy items include milk, cheese, yogurt, butter, and cream, each with its own unique methods of production and cultural significance. For instance, cheese is made by curdling milk using a combination of rennet (an enzyme) and bacteria, then aging it to develop flavor and texture. Yogurt, on the other hand, is created by fermenting milk with specific bacteria cultures, leading to a creamy, tangy product that is often consumed for its health benefits, such as probiotics.
GCC Dairy Market Trends and Drivers:
One of the primary drivers is the increasing population in the GCC countries, accompanied by rising disposable incomes. As the standard of living in regions such as Saudi Arabia, the UAE, and Qatar improves, there is a growing demand for high-quality dairy products. This demographic shift is leading to a more westernized diet, with an increased consumption of milk, cheese, yogurt, and other dairy products.
Another significant factor is the health and wellness trend that has taken hold across the globe, including the GCC. Consumers are becoming more health-conscious and are looking for products that offer nutritional benefits such as low-fat, high-protein, and enriched with vitamins and minerals. This has spurred innovation in the dairy sector, with companies introducing products tailored to health-conscious consumers. Other than this, food security concerns also play a pivotal role. The GCC countries are largely dependent on imports for their food supply.
However, recent initiatives aimed at achieving self-sufficiency in food have led to investments in domestic dairy production. For instance, Saudi Arabia and the UAE are investing heavily in dairy farms and milk processing technology to reduce their dependency on imports and ensure a steady supply of dairy products.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-dairy-market/requestsample
GCC Dairy Market 2024-2032 Analysis and Segmentation:
The report segmented the market on the basis of country, product, distribution channel and application.
Breakup by Product:
- Liquid Milk
- Cheese
- Laban
- Yogurt and Curd
- Butter and Clarified Butter
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Stores
- Others
Breakup by Application:
- Bakery and Confectionary
- Clinical Nutrition
- Frozen Food
- Others
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024- 2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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