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.
Market Size in 2023
|US$ 10.1 Billion
Market Forecast in 2032
|US$ 16.5 Billion
|Market Growth Rate 2024-2032
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.
GCC Dairy Market Trends:
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.
Key Market Segmentation:
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:
- Liquid Milk
- Yogurt and Curd
- Butter and Clarified Butter
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Stores
Breakup by Application:
- Bakery and Confectionary
- Clinical Nutrition
- Frozen Food
Breakup by Country:
- Saudi Arabia
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.
|Base Year of the Analysis
||Product, Distribution Channel, Application, Country
||Saudi Arabia, UAE, Oman, Kuwait, Qatar, Bahrain
||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
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Key Questions Answered in This Report:
- How has the GCC dairy market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the GCC dairy market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the GCC dairy market and who are the key players?
- What is the degree of competition in the industry?