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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
GCC Dairy Market Trends
Rising population and the growing disposable incomes of the region's consumers is driving the market. Consumers are increasingly demanding innovative and premium products like vitamin-enriched, low fat or sugar-free products. The citizens of the countries constituting GCC are also becoming aware of the health benefits of consuming milk and dairy products.
The GCC dairy market growth is also being aided by the various government investments into technologies for more efficient handling of fresh milk, from the production to the cooling and storage stage. The changing consumption patterns in the GCC has led to increased imports of butter and cheese. The market is also being aided by the new investments by firms in packaged yoghurt products.
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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