GCC Dairy Market Share, Size, Growth, Trends, Analysis, Report and Forecast Period of 2024-2032
GCC Dairy Market Outlook
According to a new report by Expert Market Research titled, “GCC Dairy Market Size, Share, Analysis, Report and Forecast 2024-2032″, the GCC dairy market is projected to grow at a CAGR of 5.3% between 2024 and 2032. Aided by the increasing consumption of dairy products and the expansion of dairy operations in the region, the market is expected to grow significantly by 2032.
The GCC dairy market growth is largely driven by the rising demand for healthy and nutritious food products among the GCC population. The increasing awareness of the health benefits of dairy, such as its high protein content and essential vitamins and minerals, has led to a surge in consumption.
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Additionally, the trend of Westernised diets in the GCC countries has contributed to the growing popularity of dairy products. This shift has led to a diversification of dairy products available in the market, including flavoured milk, probiotic yoghurt, and cheese varieties.
The GCC governments' focus on food security and self-sufficiency has also played a significant role. Efforts to boost domestic production to reduce reliance on imports have led to investments in dairy farming and processing technologies, thereby fuelling the GCC dairy market demand.
The growing demand for organic and lactose-free dairy products offers new avenues for market players. Additionally, the increasing popularity of plant-based dairy alternatives presents potential for diversification and expansion in the dairy sector.
Saudi Arabia holds a significant portion of the GCC dairy market share, attributed to its large population and advanced dairy farming techniques. The UAE and Kuwait also contribute notably to the market, with their high per capita income and consumer preference for premium dairy products.
Looking ahead, the market is poised for substantial growth. The increasing health consciousness, growing population, and rising disposable incomes in the region are expected to drive demand for dairy products. Moreover, the trend towards more sustainable and efficient dairy farming practices is likely to shape the future of the dairy industry in the GCC.
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GCC Dairy Market Segmentation
The market can be divided based on product and country.
Market Breakup by Product
- Fluid Milk
- UHT Milk
- Flavoured Milk
- Cream
- Butter
- Anhydrous Milk Fat (AMF)
- Skimmed Milk Powder (SMP)
- Whole Milk Powder (WMP)
- Whey Protein (Powder and Concentrate)
- Lactose
- Cheese
- Yoghurt
- Ice-cream
- Others
Market Breakup by Country
- Saudi Arabia
- United Arab Emirates
- Kuwait
- Oman
- Qatar
- Bahrain
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the GCC dairy market. Some of the major players explored in the report by Expert Market Research are as follows:
- Almarai Company
- National Agricultural Development Company (NADEC)
- Al Rawabi Dairy Company
- Al Ain Dairy
- Saudia Dairy & Foodstuff Company (SADAFCO)
- Nestlé S.A.
- Fonterra Co-operative Group Limited
- Arla Foods amba
- Lactalis Group
- Others
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