GCC Dairy Market Size, Share, Trends & Analysis 2024-2032

GCC Dairy Market Outlook

The dairy market in the Gulf Cooperation Council (GCC) countries has been experiencing steady growth in recent years, driven by factors such as rising disposable incomes, changing dietary habits, and increasing urbanization. According to a recent report by Expert Market Research, the GCC dairy market size was valued at USD 10.49 billion in 2023, and it is projected to grow at a CAGR of 5.3% in the forecast period of 2024-2032, reaching a value of USD 16.70 billion in 2032.

Dairy products form an integral part of the traditional diet in the GCC region, with milk, yogurt, cheese, and laban (fermented milk) being staple items consumed by households across the region. However, evolving consumer preferences, health consciousness, and lifestyle changes are reshaping the dynamics of the GCC dairy market, driving demand for a wider range of dairy products and alternatives.

Market Drivers

Several factors are driving the growth of the GCC dairy market region:

Rising Population and Urbanization: The GCC countries are experiencing rapid population growth, driven by factors such as high birth rates, immigration, and favorable economic conditions. Urbanization is leading to changes in lifestyle and dietary habits, with a growing demand for convenient and nutritious dairy products.
Increasing Disposable Incomes: Economic prosperity and higher per capita incomes in the GCC countries are boosting consumer spending on premium and value-added dairy products. Consumers are willing to pay for high-quality dairy products, including organic, fortified, and functional dairy items, driving market growth.
Health and Wellness Trends: There is a growing awareness among consumers in the GCC region about the health benefits of dairy consumption, including its role in bone health, muscle development, and overall well-being. Rising concerns about lifestyle-related diseases such as obesity and diabetes are driving demand for low-fat, lactose-free, and probiotic dairy products.

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GCC Dairy Market Trends

Several trends are shaping the GCC dairy market:

Product Innovation and Diversification: Dairy manufacturers in the GCC region are focusing on product innovation and diversification to cater to evolving consumer preferences and dietary trends. They are introducing new flavors, formulations, and packaging formats to attract consumers and differentiate their brands in the competitive market landscape.
Health and Wellness Products: There is a growing demand for dairy products with functional ingredients such as probiotics, omega-3 fatty acids, vitamins, and minerals that offer health benefits beyond basic nutrition. Manufacturers are launching dairy products fortified with these ingredients to address specific health concerns and meet the needs of health-conscious consumers.
Plant-Based Dairy Alternatives: With the increasing popularity of plant-based diets and lactose intolerance awareness, there is a rising demand for plant-based dairy alternatives in the GCC region. Manufacturers are introducing dairy-free milk, yogurt, and cheese made from almond, soy, coconut, and other plant-based sources to cater to the needs of vegan and lactose-intolerant consumers.

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GCC Dairy Market Segmentation

The GCC dairy market can be divided based on by flavour, by category, by product type, end-use, sales channel and region.

Breakup by Product

Fluid Milk
UHT Milk
Flavoured Milk
Cream
Butter
Anhydrous Milk Fat (AMF)
Skimmed Milk Powder (SMP)
Whole Milk Powder (WMP)
Whey Protein(Powder and Concentrate)
Lactose
Cheese
Yoghurt
Ice-cream
Others

Market Breakup by Region

Saudi Arabia
United Arab Emirates
Kuwait
Oman
Qatar
Bahrain

Competitive Landscape

Some of the major key players explored in the report by Expert Market Research are as follows:

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
Lactalis Group
Others

Market Challenges

Despite the favorable growth prospects, the GCC dairy market faces several challenges:

Logistical Constraints: The GCC countries rely heavily on imports to meet their dairy consumption needs, leading to logistical challenges such as transportation, storage, and distribution. Ensuring the timely supply of dairy products while maintaining quality and freshness remains a challenge for stakeholders in the dairy supply chain.
Regulatory Compliance: Compliance with food safety, labeling, and quality standards set by regulatory authorities in the GCC countries poses challenges for dairy manufacturers and exporters. Strict regulations related to product labeling, ingredient specifications, and hygiene standards require investments in compliance measures and quality assurance systems.
Price Volatility: Fluctuations in global commodity prices, currency exchange rates, and trade policies can impact the cost of raw materials, production, and distribution of dairy products in the GCC market. Price volatility poses challenges for dairy manufacturers in managing input costs and maintaining competitive pricing strategies.

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