According to the latest report by IMARC Group, titled “GCC Dairy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the GCC dairy market is expected to exhibit a CAGR of 6.7% during 2022-2027.
Dairy products are milk-based items derived from animal sources, such as cows, camels, buffaloes, and goats. The milk is generally available in low-fat, skimmed, and full-fat variants. It is a rich source of protein, calcium, phosphorous, iron, magnesium, iodine, and essential vitamins. Commonly available dairy products include cheese, butter, desserts, milk, yogurt, sour cream, quark, fromage frais, etc. They are also utilized for extracting whole milk powder, whey protein powder and concentrates, probiotics, lactose, and casein extracts. The regular consumption of dairy can aid in boosting immunity and metabolism, maintaining the nutritional balance in the body, and preventing hypertension, musculoskeletal disorders, diabetes, cardiovascular ailments, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The expanding food and beverage (F&B) sector is among the primary factors driving the GCC dairy market. Besides this, the increasing health consciousness among individuals and the escalating consumption of milk are further augmenting the market growth. Apart from this, the shifting dietary preferences, the rising expenditure capacities, and the changing lifestyles of consumers are also catalyzing the market across the GCC. Moreover, the growing popularity of dairy products, as they have higher nutritional and immunoglobulin content and are also natural probiotics that promote the production of healthy bacteria in the stomach that improve digestion, is acting as another significant growth-inducing factor. Furthermore, the introduction of innovative lactose-free variants incorporated with functional, low-fat, and sugar-free ingredients to reach a wider customer base is expected to bolster the GCC dairy market in the coming years.
GCC Dairy Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on country, product, distribution channel, 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
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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