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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
GCC Dairy Market Size
The GCC dairy market reached a value of nearly USD 10.49 billion in 2023. The market is further expected to grow at a CAGR of 5.3% in the forecast period of 2024-2032. By 2032, the market is projected to reach an estimated value of USD 16.70 billion.
GCC Dairy Market Outlook
- Greek and probiotic yogurt consumption is growing rapidly in the GCC countries, driven by its perceived health benefits and the availability of a wide range of flavours.
- As per industry reports, Qatar witnessed the highest milk and dairy production growth rate in the GCC at 25.7% CAGR, while Saudi Arabia was the region's leading producer, accounting for 71.4% of total output in 2021.
- The GCC region's overall self-sufficiency ratio for milk and dairy products stood at 62.6% in 2021, the highest among all food categories. Saudi Arabia had the highest self-sufficiency ratio at 81.0%, followed by Qatar (77.9%), Oman (46.6%), and the UAE (35.5%).
GCC Dairy Market Report Snapshots
GCC Dairy Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the GCC dairy market reached an approximate value of USD 10.49 billion.
The market is expected to grow at a CAGR of 5.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 16.70 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, and rising health consciousness.
Key trends aiding market expansion include the rising investments by the government into technologies for more efficient handling of fresh milk, growing demand for speciality dairy products, and rise of e-commerce channels.
Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Qatar, and Bahrain are the leading regions in the market, with Saudi Arabia accounting for a significant market share in terms of production.
Based on product, the market is divided into fluid milk, UHT milk, flavoured milk, cream, butter, anhydrous milk fat (AMF), skimmed milk powder, whole milk powder, whey protein (powder and concentrate), lactose, casein, cheese, yoghurt, and ice-cream, among others.
Key players in the market are 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, and Lactalis Group, among others.
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