Press release
GCC Buttermilk Market Size Estimated to Reach $91.6 Million by 2025
GCC Buttermilk Market
Full Report Link @ https://www.industryarc.com/Report/19095/gcc-buttermilk-market
GCC Buttermilk Market Segment Analysis - By Form
Based on the Form, the Liquid segment held the largest share in 2019 owing to its applications such as it has less fat content than the regular buttermilk and has potential health benefits related to its rich vitamin and mineral composition. It also ensures optimal efficiency and comfortable digestion and helps in improving the immunity.
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GCC Buttermilk Market Segment Analysis - By Application
Based on the Application, Confectionery segment held the largest share in 2019. This is owing to the factors such as increase in the demand for convenience foods, growing inclination towards taste and sedentary lifestyle. Beverages segment is estimated to be the fastest growing segment owing to the factors such as increase in the investment by the major companies, increase in the disposable income of individuals and increase in the choice of availability of flavors.
GCC Buttermilk Market Segment Analysis - By Country
Based on the Country, Saudi Arabia held the largest share in 2019. The growth in this segment is owing to the factors such as increase in the investment by the major companies, increase in the demand for dairy products and increase in the awareness about the health benefits of buttermilk. United Arab Emirates is estimated to be the fastest growing segment owing to the factors such as increase in the health consciousness among individuals, increase in the disposable income of individuals, increase in the innovations of flavors and increase in the demand for clean label products.
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GCC Buttermilk Market Drivers
Increase in the health consciousness among individuals and increase in the demand for clean label products
The increase in the health consciousness among individuals owing to increase in the number of chronic diseases is estimated to enhance the growth of GCC Buttermilk Market. Increase in the demand for clean label products is also estimated to enhance the growth of GCC Buttermilk Market.
Increase in the demand for beverages and dairy products and increase in the innovations of flavors
There is an increase in the demand for beverages and dairy products owing to the growing demand for convenience foods. This led to rapid increase in the growth of GCC Buttermilk Market. Increase in the disposable income of individuals and increase in the innovations of flavors is also estimated to enhance the growth of the GCC Buttermilk Market.
GCC Buttermilk Market Challenges
Increase in the demand for homemade foods and growing negative impressions on the packaged food products
Increase in the demand for homemade foods owing to increase in the number of chronic diseases is one of the major factors that is estimated to reduce the growth of the GCC Buttermilk Market. Growing negative impressions on the packaged food products is also estimated to reduce the growth of GCC Buttermilk Market.
GCC Buttermilk Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and expansions are key strategies adopted by players in the GCC Buttermilk Market. Key companies of this market are Amul, Arla Foods, Al Ain Dairy, Almuttal LLC, Chr Hansen, Almarai Company among others.
Acquisitions/Product Launches:
In 2020, Al Ain Dairy is investing Dh40 million as part of its development plan which includes a new dairy farm and new headquarters and administration building.
Key Takeaways
By Country, Saudi Arabia GCC Buttermilk Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high demand.
The increase in the demand for beverages and increase in the health consciousness among customers is likely to aid in the market growth of GCC Buttermilk Market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the GCC Buttermilk Market report.
The increase in the investment by the major companies and increase in awareness about the health benefits of buttermilk are creating higher opportunities for the growth of market for the forecast period 2020-2025.
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https://www.industryarc.com/Report/19318/us-non-dairy-cream-cheese-market.html
B. U.S Refrigerated Dairy Desserts Market
https://www.industryarc.com/Report/19406/us-refrigerated-dairy-desserts-market.html
For more Food and Beverage Market related reports @ https://www.industryarc.com/Domain/6/food-beverages-market-research.html
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