GCC Dairy Market Report and Forecast 2023-2028

GCC Dairy Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the GCC dairy market reached a value of USD 9.93 billion in 2022. Aided by the increasing health awareness and changing consumer preferences, the market is projected to grow at a CAGR of 5.4% between 2023 and 2028, reaching a value of USD 13.59 billion by 2028.

The dairy market in the GCC region offers a wide variety of goods made from cow, goat, and camel milk, including butter, milk, yoghurt, cheese, and other dairy-based products. Dairy products are an essential part of the daily diet for many consumers, providing necessary nutrients like proteins, vitamins, and minerals. The GCC dairy market growth is primarily driven by the increasing health awareness among consumers, who are progressively opting for dairy products as a source of essential nutrients.

Changing consumer preferences have also played a significant role in shaping the GCC dairy market size. The increasing popularity of plant-based and lactose-free dairy alternatives has encouraged dairy manufacturers to innovate and diversify their product offerings. As a result, the market has witnessed the introduction of various innovative and value-added dairy products, catering to the evolving needs of health-conscious consumers.

The growing demand for convenience foods and ready-to-eat products is another factor contributing to the GCC dairy market expansion. Dairy products, such as yoghurt and cheese, are increasingly being consumed as convenient snacks or as ingredients in various dishes, owing to their ease of consumption and versatility. This trend has resulted in a higher demand for dairy products in the region.

Additionally, government support and initiatives aimed at promoting the local dairy industry have further bolstered the growth of the GCC dairy market. Governments in the region have implemented various policies and provided incentives to encourage local dairy production and reduce reliance on imports. These measures have led to the expansion of the dairy sector in the GCC countries, thereby driving the growth of the market.

Moreover, the GCC region has ideal climatic conditions for organic dairy farming, with abundant sunshine, open pastures, and suitable temperatures. This has encouraged some dairy farmers to switch to organic farming, as it is a more sustainable and environmentally friendly way of producing dairy products.

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 acquisitions and mergers, among other major developments, of the GCC dairy companies. 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

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.