Introduction of the GCC Dairy Market Report

Dairy is an essential part of food. It is important in, both, food service and packaged good categories, whether as a product (such as yogurt or milk). With its intrinsic presence, dairy is the backbone of the food industry, the preferences of dairy users largely influenced the food sector. Changing consumer behaviour, competition, and trade action are impacting the growth of GCC dairy market.

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Market Dynamic

Key Drivers and Emerging Trends

According to “Food and Agriculture Organization United States”, Saudi Arabia cheese imports has increased from 172 097 in 2018 to 175 194 in 2019 with over 1.8% change rise in the import has pushed the GCC dairy market. Considering about WMP (whole milk powder) imports, an increase of 17.9% has been witnessed from 2018 to 2019, hence these numbers show the potential of the country as well as the region. According to “Ministry of Foreign Affairs of Denmark”, among the GCC countries, KSA exports more than 30% of the of their products to their neighbouring countries for US$ 533 million. In addition, with the liberalization in the dairy industry, private firms along with governmental bodies are investing in the industry which has boosted the demand of the dairy products. For instance, in 2019 Almarai one of the leading dairy company in the region has planned to invest US$ 1.9billion in expanding the dairy industry, which is projected to surge the pace of the GCC dairy market.

Furthermore, according to “Agriculture and Horticulture Development Board”, GCC is the second largest exporter of dairy products outside Europe, and within GCC, UAE makes up 40% of the trade.  The players are enhancing their selling and packaging of new tetra packs to fulfil consumer demand for hygienic and safe dairy products. These developments are expected to further aid the growth of the dairy market in GCC.

Restraint in the GCC Dairy Market

However, increasing concerns related to the levels of toxicity in pesticides and other health issues may hamper the global GCC Dairy market.

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Country – Segment Analysis

On the basis of country, Saudi Arabia is expected to grow at a higher CAGR during the forecast period. This is due to the strong presence of the key players in the market, like Mondelez International, Nestle, Sadafco, Almarai Company including others. The growing emphasis of the companies towards advertising and marketing of dairy foods in Saudi Arabia will further attract new customer, which is anticipated to surge the demand of the products in the country.

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Key Developments:

• • In 2019, SADAFCO officially announced the launch of calcium enriched milk for stronger bones, which has helped the company in expanding the product portfolio.

Segments covered in the Report:

The GCC dairy market has been segmented based on product type, distribution channel, and countries. Based on product type, the market is segmented into milk, cheese, butter, dairy desserts, yogurt, and others. Based on distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialist retailers, and others.

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Key questions answered in this research report:

• • At what pace is the GCC dairy market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in GCC dairy market? What will be the impact of drivers and restraints in the future?
  • Which product type generated maximum revenues in 2019 and identify the most promising product type during the forecast period?
  • What are the various distribution channel areas of the GCC dairy market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

GCC Dairy Market by Product Type

• • Milk
  • Cheese
  • Butter
  • Dairy Desserts
  • Yogurt
  • Others

GCC Dairy Market by Distribution Channel

• • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialist Retailers
  • Others

GCC Dairy Market by Countries

• • UAE Aquaculture Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Aquaculture Market All-Up (Option 2: Free 25% Customization)
  • Oman Aquaculture Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Aquaculture Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Aquaculture Market All-Up (Option 5: Free 25% Customization)