GCC Dairy Market Outlook
According to the report by Expert Market Research (EMR), the GCC dairy market size achieved a value of USD 10.49 billion in 2023. Driven by increasing consumer demand for dairy products and the expanding dairy production capabilities within the region, the market is anticipated to grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2032, reaching an estimated value of USD 16.70 billion by 2032.
Dairy products are a staple in the GCC region, known for their nutritional benefits and versatility in various culinary applications. The market encompasses a broad range of products, including milk, cheese, yogurt, and butter, all of which are integral to the daily diets of consumers across the Gulf Cooperation Council (GCC) countries—Saudi Arabia, the United Arab Emirates (UAE), Qatar, Kuwait, Oman, and Bahrain.
Market Dynamics
The GCC dairy market is witnessing substantial growth due to several key factors. The increasing population, coupled with rising disposable incomes, has led to a higher demand for dairy products in the region. The GCC countries, including Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain, are experiencing a surge in consumer demand for a variety of dairy products, including milk, cheese, yogurt, and butter.
Urbanization and lifestyle changes are contributing to the growing consumption of dairy products. As urban centers expand and lifestyles become more fast-paced, there is a notable shift towards convenience and ready-to-eat dairy products. This trend is reflected in the rising popularity of packaged milk, flavored yogurts, and processed cheese.
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Consumer Trends
Consumer preferences in the GCC region are evolving, with a significant focus on health and wellness. There is an increasing awareness of the nutritional benefits associated with dairy products, such as calcium and protein, which are essential for bone health and overall well-being. This growing health consciousness is driving the demand for dairy products perceived as healthy and nutritious.
Additionally, the rising trend of functional foods is influencing the GCC dairy market. Consumers are increasingly seeking dairy products fortified with vitamins, minerals, and probiotics that offer additional health benefits. The demand for low-fat and reduced-sugar dairy options is also on the rise, reflecting a broader trend towards healthier eating habits.
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GCC Dairy Market Segmentation
The GCC dairy market can be divided based on by flavour, by category, by product type, end-use, sales channel and region.
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 Region
- Saudi Arabia
- United Arab Emirates
- Kuwait
- Oman
- Qatar
- Bahrain
Competitive Landscape
Some of the major key 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
Challenges and Opportunities
Despite the positive growth outlook, the GCC dairy market faces several challenges. One of the main challenges is the region’s reliance on imported dairy products due to limited local dairy farming capacity. The high cost of dairy imports and fluctuations in global dairy prices can impact the market and lead to price volatility.
Additionally, there are concerns related to sustainability and environmental impact. The dairy industry has a significant environmental footprint, including water consumption and greenhouse gas emissions. Addressing these concerns through sustainable practices and innovative technologies is crucial for the long-term growth of the market.
However, there are substantial opportunities for growth in the GCC dairy market. The rising demand for organic and functional dairy products presents an opportunity for manufacturers to introduce products that cater to health-conscious consumers. Organic dairy products, free from synthetic additives and hormones, are gaining traction among consumers seeking natural and wholesome options.
The development of local dairy production capabilities is another opportunity. Investing in dairy farming infrastructure, such as modern dairy farms and processing facilities, can help reduce dependence on imports and improve the market’s resilience to price fluctuations. Additionally, promoting local dairy brands and products can enhance consumer trust and loyalty.
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