The new report by Expert Market Research titled, ‘GCC Dairy Market Analysis, Share, Size, Trends, Growth, Report and Forecast 2023-2028, gives an in-depth analysis of the GCC dairy market, assessing the market based on its segments like products, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2021): USD 9.46 Billion
- Forecast CAGR (2023-2028): 5.3%
- Forecast Market Size (2027): USD 12.90 Billion
The increasing consumption of butter and cheese in the Middle East region is one of the major factors supporting the market growth. Additionally, the increasing demand for fresh milk in the region is also expected to augment market growth.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/gcc-dairy-market/requestsample
In the historical period, the annual consumption of fresh milk was more than 750 million liters (2017) and is further expected to increase significantly in the near future. Due to a lack of natural resources, the region is also dependent on the imports for dairy products which is increasing year-on-year. GCC countries are the major importer of dairy products including cheese, milk, and butter.
GCC Dairy Industry Definition and Major Segments
Dairy products include milk and products derived from it which include cheese, butter, cream, and yoghurt. The health benefits related to the products due to the presence of essential nutrients like calcium, protein, magnesium, iodine, phosphorus, and various vitamins provide significant demand for dairy products all across the globe and also in the GCC region.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/gcc-dairy-market
By product, the market is segmented into:
- Fluid Milk
- UHT Milk
- Flavoured Milk
- Cream
- Butter
- Skimmed Milk Powder /Non-fat Dry Milk
- Whole Milk Powder
- Whey Protein (Powder and Concentrate)
- Lactose
- Casein
- Cheese
- Yoghurt
- Ice-cream
- Probiotic Products
The regional markets for the GCC Dairy Market can be separated into:
- Saudi Arabia
- United Arab Emirates
- Kuwait
- Oman
- Qatar
- Bahrain
GCC Dairy Market Trends
High disposable income, premiumization of the packaged products, and considerable growth in the population are some of the major factors driving the GCC dairy product market. Moreover, increasing demand for innovative and premium products like vitamin-enriched, low fat, or sugar-free products are also driving the market in the region.
The demand for new products such as yoghurt is increasing hence new investment in yoghurt products was witnessed in the region. Rising health consciousness among women is also leading to an increased consumption of fermented dairy products like yoghurt and probiotic products. Saudi Arabia and UAE are the leading countries in the GCC dairy market. Both the countries together are expected to account for more than half of the market share during the forecast period.
Key Market Players
The major players in the market include 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 among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Read More Reports :
Geospatial Analytics Market: https://www.marketwatch.com/press-release/geospatial-analytics-market-to-be-driven-by-outbreak-of-covid-19-pandemic-during-the-forecast-period-of-2023-2028-2023-03-16?mod=search_headline
Basmati Rice Market: https://www.marketwatch.com/press-release/basmati-rice-market-to-be-driven-by-the-thriving-food-and-beverage-industry-in-the-forecast-period-of-2023-2028-2023-03-16?mod=search_headline
Consumer Genomics Market: https://www.marketwatch.com/press-release/consumer-genomics-market-to-be-driven-by-the-growing-potential-for-genetic-testing-applications-in-the-forecast-period-of-2023-2028-2023-03-16?mod=search_headline
Advanced Functional Materials Market: https://www.marketwatch.com/press-release/advanced-functional-materials-market-to-be-driven-by-the-surging-demand-from-medical-sector-in-the-forecast-period-of-2023-2028-2023-03-17?mod=search_headline
About Us :
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Media Contact :
Company Name: Claight Corporation
Contact Person: Louis Wane, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
