GCC Dairy Market Growth: Size, Share, Trends, Industry Report 2024-2032

IMARC Group's report titled " GCC Dairy Market Report by Product, Distribution Channel, Application, and Country 2024-2032". The GCC dairy market size reached US$ 10.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.59% during 2024-2032.

Factors Affecting the Growth of the GCC Dairy Industry:

• Changing Consumer Preferences and Lifestyle:

In recent years, consumer preferences in the GCC have significantly evolved with a growing focus on healthier and more varied diets. Moreover, the shift toward health-consciousness and international culinary influences have fueled the demand for dairy products that offer specific health benefits. Probiotic yogurt, lactose-free milk, and fortified dairy items have also gained traction as consumers seek options that align with their dietary choices. This driver reflects an evolving consumer landscape where dairy producers must cater to a diverse array of dietary needs and preferences to remain competitive and meet the demands of an increasingly cosmopolitan and health-conscious population.

• Favorable Government Initiatives for Dairy Self-Sufficiency:

Governments of several GCC nations have initiated ambitious plans to achieve self-sufficiency in dairy production. In addition, investments in domestic dairy farms, state-of-the-art processing facilities, and research and development have bolstered local production capabilities. The goal is to reduce reliance on dairy imports, ensuring a stable and secure supply of dairy products for the region's expanding population. These government-driven initiatives strengthen the dairy sector's resilience, promote economic diversification, enhance food security, and contribute to the creation of local jobs and the development of an autonomous dairy industry within the GCC region.

• Rapid Growth in the Tourism and Hospitality Industry Growth:

The rapid expansion of the tourism and hospitality industry in various GCC countries has augmented the demand for dairy products. As the region attracts a rising number of tourists and expatriates, the hospitality sector places greater importance on offering a wide array of dairy-based dishes and beverages. This rise in foodservice demand extends to hotels, restaurants, cafes, and airline catering, creating significant opportunities for dairy producers and suppliers. The growth of the tourism and hospitality industry has, in turn, spurred the expansion of the dairy market in the GCC, with dairy products becoming essential components of menus tailored to diverse international tastes.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-dairy-market/requestsample

Leading Companies Operating in the GCC Dairy Industry:

• Al Ain Farms
• Al Rawabi Dairy Company
• Almarai Company
• Arla Foods amba
• Fonterra Co-operative Group Limited
• Lactalis Group
• National Agricultural Development Company (NADEC)
• Nestlé S.A.
• Saudia Dairy & Foodstuff Company (SADAFCO)
• Al Safi - Danone
• GCMMF

GCC Dairy Market Report Segmentation:

By Product:

• Liquid Milk
• Cheese
• Laban
• Yogurt and Curd
• Butter and Clarified Butter
• Others

Liquid milk represented the leading segment due to its status as a dietary staple in numerous GCC countries, serving as a primary source of essential nutrients like calcium and protein.

By Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialist Retailers
• Online Stores
• Others

Supermarkets and hypermarkets accounted for the largest market share owing to their extensive presence, offering a wide range of dairy products and attracting a significant portion of consumer footfall for dairy purchases.

By Application:

• Bakery and Confectionary
• Clinical Nutrition
• Frozen Food
• Others

On the basis of the application, the market has been divided into bakery and confectionary, clinical nutrition, frozen food, and others.

Regional Insights:

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain

Saudi Arabia's dominance in the GCC dairy market is attributed to its large population, robust economy, and significant dairy production capabilities.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=4141&flag=C

GCC Dairy Market Trends:

The GCC dairy industry is currently experiencing significant growth driven by the region's expanding population, rising disposable incomes, and changing dietary preferences. As consumers seek healthier and more diverse food options, dairy products such as milk, yogurt, and cheese have become staple choices. Apart from this, several favorable government initiatives to promote self-sufficiency in dairy production is fostering substantial investments in domestic dairy farms and processing facilities, reducing reliance on imports and propelling the market growth. Furthermore, the emerging health and wellness trend has accelerated the consumption of functional dairy products like probiotics and fortified milk, catering to health-conscious consumers and thus supporting market growth.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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