Rising consumption of packaged dairy products will drive the GCC dairy market over the forecast period 2022-2027 – Queen Anne and Mangolia News

Expert Market Research’s new report titled “GCC Dairy Market Report and Forecast 2022-2027, gives an in-depth analysis of the GCC Dairy Products Market, assessing the market based on its segments like products and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price, as well as market analysis based on SWOT and Porter’s Five Forces models.

Get a free sample report with table of contents: https://www.expertmarketresearch.com/reports/gcc-dairy-market/requestsample

Key highlights of the report include:

Market Overview (2022-2027)

  • Historical market size (2020): $8.25 billion
  • Forecast CAGR (2022-2027): 5.3%
  • Forecasted market size (2026): 12.25 billion USD

The growing consumption of butter and cheese in the Middle East region is one of the major factors supporting the growth of the market. Moreover, the growing demand for fresh milk in the region is also expected to augment the market growth. During the historical period, the annual consumption of fresh milk was more than 750 million liters (2017) and is expected to increase significantly again in the near future. Due to a lack of natural resources, the region is also dependent on imports of dairy products which are increasing year by year. GCC countries are major importers of dairy products, including cheese, milk and butter.

Industry Definition

Dairy products include milk and products derived from it, including cheese, butter, cream and yogurt. The health benefits associated with the products due to the presence of essential nutrients such as calcium, protein, magnesium, iodine, phosphorus and various vitamins are generating a large demand for dairy products all over the world and also in the GCC region.

Read the 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
  • flavored milk
  • Cream
  • Butter
  • Skimmed milk powder/skimmed milk powder
  • Powdered whole milk
  • Whey protein (powder and concentrate)
  • Lactose
  • Casein
  • Cheese
  • Yogurt
  • Ice
  • Probiotic products

The regional markets of the GCC dairy market can be separated into:

  • Saudi Arabia
  • United Arab Emirates
  • Kuwait
  • Oman
  • Qatar
  • Bahrain

Market trends

High disposable income, premiumization of packaged goods and tremendous population growth are some of the major factors driving the GCC dairy products market. Additionally, growing demand for innovative and premium products such as vitamin-enriched, low-fat or sugar-free products is also driving the market in the region. The demand for new products such as yoghurt is increasing, hence new investments in yoghurt products in the region. The growing awareness of women’s health is also leading to increased consumption of fermented dairy products like yogurt and probiotic products. Saudi Arabia and the United Arab Emirates are the main dairy market countries in the GCC. The two countries together are expected to account for more than half of the market share over the forecast period.

Latest news on the GCC dairy market: https://www.expertmarketresearch.com/pressrelease/gcc-dairy-market

Main market players

The major market players are Almarai Company, National Agricultural Development Company (NADEC), Al Rawabi Dairy Company, Al Ain Dairy, Saudia Dairy & Foodstuff Company (SADAFCO), Nestlé SA, Fonterra Co-operative Group Limited, Arla Foods amba, Groupe Lactalis among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports and advisory services to our clients. We serve a wide clientele ranging from Fortune 1000 companies to small and medium-sized businesses. Our reports cover over 100 industries in established and emerging markets researched by our trained analysts who track the latest economic, demographic, business and market data globally.

At Expert Market Research, we tailor our approach based on the needs and preferences of our clients, providing them with valuable, actionable and up-to-date market insights, helping them realize their optimal growth potential. We offer market intelligence across a range of verticals including Pharmaceuticals, Food & Beverage, Technology, Retail, Chemicals & Materials, Energy & Mining, Packaging and farming.

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** At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

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