Press release
Sales of Dairy Products in Libya are Estimated to Reach US$ 944.3 Million by 2034, with CAGR of 4%
Demand and Trend Analysis of Dairy Product in Libya
Libya is mostly dependent on imported dairy products to fulfill domestic demand due to its limited dairy production, which is caused by issues related to poor infrastructure and investment. To meet the increasing demand for dairy products, the country has made strong commercial links with the European Union and neighboring countries such as Tunisia, Egypt, and others.
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Key Takeaways from Market Study:
1. Sales of dairy products in Libya are estimated to reach US$ 637.9 million in 2024.
2. The Libyan dairy product market is projected to expand at a compound annual growth rate (CAGR) of 4%.
3. By the end of 2034, the market is expected to attain a valuation of approximately US$ 944.3 million.
Leading Players Driving Innovation in the Demand and Trend Analysis of Dairy Product in Libya:
Arab Dairy; Guney Sut; Rawidary; Tamah Food Industries Company; Pant Mawr Farmhouse Cheeses; Dairygold Deutschland Handels GmbH; B&C Food; AI Mazraa; Buhajar Group; AI Naseem; The Kraft Heinz Company; HB Group; Safi Food Complex.
Key Market Drivers:
High Dependence on Imports: Libya's domestic dairy production is constrained by poor infrastructure and insufficient investment, resulting in heavy reliance on imports. Strong trade partnerships with regional and European suppliers ensure access to essential dairy staples such as milk, yogurt, and cheese.
Powdered Milk Surging: In areas with limited access to refrigeration, powdered milk is gaining popularity due to its long shelf life and convenience. Government food-aid initiatives also favor powdered milk distribution, improving nutrition in underserved regions.
Health-Driven Consumption: Nutrient-rich dairy products, including those fortified with calcium and essential vitamins, are witnessing increased demand as consumers become more health-conscious.
Enhanced Retail & Cold‐chain Infrastructure: Growing investment in cold storage and logistics is reducing spoilage and enabling wider distribution of perishable dairy products. The rise of modern retail formats-supermarkets, hypermarkets, and convenience stores-is enhancing product availability and driving consumer access.
Browse Full Report: https://www.factmr.com/report/demand-and-trend-analysis-of-dairy-product-in-libya
Product & Channel Highlights:
Cheese: Cheese products, including cheddar, mozzarella, and feta, are projected to grow from US$ 154.4 million in 2024 to US$ 230.4 million by 2034. Cheese enjoys strong cultural relevance and extended shelf life, making it a preferred choice in Libya's food sector.
Convenience Stores: Convenience stores are expected to become critical distribution hubs for dairy products. Sales through this channel are forecast to rise from US$ 176.1 million in 2024 to US$ 260.6 million by 2034, driven by urbanization and demand for quick, accessible purchases.
Market Challenges:
Low Domestic Production: The dairy sector faces limitations due to underdeveloped farming techniques, lack of investment, and aging production equipment.
Cold‐chain Gaps: Insufficient refrigeration infrastructure continues to result in product loss, particularly for fresh dairy items, hampering potential revenue and growth.
Check out More Related Studies Published by Fact.MR: https://www.factmr.com/checkout/10397
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the Demand and Trend Analysis of Dairy Product in Libya, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The dairy products market in Libya is segmented based on product type and sales channel. In terms of product type, the market encompasses a broad range of offerings, including milk and cream, which are further categorized into flavored and non-flavored variants. Cheese forms a significant segment, with key varieties such as cheddar, mozzarella, and feta widely consumed.
The butter segment is also prominent, available in salted and unsalted forms. Additionally, dairy desserts and yogurt & buttermilk contribute to market diversity, with options available in both flavored and non-flavored categories.
From the sales channel perspective, dairy products in Libya are distributed through various platforms. Modern trade outlets, such as supermarkets and hypermarkets, play a vital role in reaching urban consumers. The rise of online retailers is also influencing market dynamics, offering convenience and accessibility. Traditional distribution through convenience stores and mom & pop shops remains strong, particularly in rural and semi-urban areas, ensuring broad product availability across the country.
Check out More Related Studies Published by Fact.MR Research:
Hybrid Dairy Products Market - https://www.factmr.com/report/hybrid-dairy-products-market
Dairy Nutritional and Nutraceutical Ingredient Market - https://www.factmr.com/report/dairy-nutritional-and-nutraceutical-ingredient-market
Functional Dairy Ingredients Market - https://www.factmr.com/report/642/functional-dairy-ingredient-market
Plant-based Dairy Market - https://www.factmr.com/report/4963/plantbased-dairy-market
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