Growth of GCC Camel Dairy Market Fostered by Diverse Product Portfolio

According to the latest report by IMARC Group, titled “GCC Camel Dairy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the GCC camel dairy market reached a value of US$ 447.9 Million in 2018, registering a CAGR of around 2.5% during 2011-2018. Camels are one of the most important livestock in semi-arid areas of the GCC region. They produce more milk than other dairy animals under the same environmental conditions, owing to which, camel milk is easily available in countries like Saudi Arabia and Qatar. In comparison with cow milk, camel milk is considered to be healthier as it has a lower cholesterol and fat content. Moreover, it consists of higher amounts of iron, potassium, sodium, magnesium, vitamin A and C, etc. which help in strengthening bones, nails, hair and teeth, and preventing osteoporosis.

Market Trends:

Camel milk products have gained traction among lactose-intolerant and diabetic people as they contain lower amounts of lactose and higher amounts of insulin which is imminent for regulating type 1 diabetes. Apart from this, medical studies have also found that camel milk helps in improving the symptoms of autism in children and assists in combating certain forms of cancer. Moreover, the awareness campaigns launched by the governments of various GCC countries regarding obesity and healthy eating habits have also increased the demand for camel dairy products. In line with this, a number of camel milk processing companies have introduced a wide variety of products such as camel milk powder, flavored milk, ghee, drinking yogurts, ice-cream, pasteurized milk, Laban, chocolates, etc. Looking forward, the market value is projected to reach more than US$ 661 Million by 2024, at a CAGR of 6.9% during 2019-2024.

Market Summary:

• Based on product type, pasteurized camel milk is the most popular camel milk product. It is followed by flavored milk, milk powder, ice cream, cheese, Laban, ghee, drinking yogurt, infant formula and others.
• On the basis of packaging, the market has been segregated into bottles, cartons, cans and jars. Currently, bottles dominate the GCC camel dairy market, accounting for almost two-thirds of the total market.
• Based on distribution channels, the market has been categorized into traditional and modern retail formats. Amongst these, traditional retail formats account for the majority of the sales in the GCC countries. Within the modern retail formats, supermarkets and hypermarkets are the leading category, followed by online, specialty stores, convenience stores and others. 
• Region-wise, Saudi Arabia exhibits a clear dominance in the GCC camel dairy market, accounting for nearly a half of the total market. It is followed by the UAE, Qatar, Kuwait, Bahrain and Oman.
• The competitive landscape of the GCC camel dairy market has also been examined with some of the key players being Camelicious, Al Alin, Desert Farms, Vital Camel Milk and Camels of Rajasthan.

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