GCC Dairy Market

Growth opportunities in the GCC dairy market look promising over the next six years. This is mainly due to the liberalization in the dairy industry and improvement in the selling and packaging of new tetra packs to meet consumer demand for hygienic and safe dairy products.

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GCC Dairy Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

As per the "Food and Agriculture Organization United States," cheese imports of Saudi Arabia have increased to 175,194 in 2019 from 172,097 in 2018 with around 1.8 % increase in the imports, which has fuelled the GCC dairy market. The whole milk powder has witnessed a raise of 17.9 % in imports from 2018 to 2019, thereby presenting the potentials for region. Also, in accordance with the "Ministry of Foreign Affairs of Denmark," amid the GCC countries, KSA exports more than 30% of their products to the adjoining countries for US$ 533 million. Moreover, liberalization in dairy products has led to investment by private and government firms in the industries, stimulating the demand for dairy products. For example, Almarai, one of the leading dairy companies, in 2019 prepared to invest US$ 1.9billion to extend the dairy industry, which may stimulate the GCC dairy market.

As per the "Agriculture and Horticulture Development Board," GCC is reported to be the second-largest exporter of dairy products outside Europe, and within GCC, UAE makes up 40% of the trade. The players emphasize improving their selling and packaging of new tetra packs to satisfy consumer demand for safe and hygienic dairy products. These advancements are anticipated to strengthen the market growth. However, the growing concerns about toxicity levels in pesticides and other health issues may curb the growth of the dairy market in GCC region.

Product Type Segment Drivers

Based on the product type, yogurt is predicted to witness a higher CAGR over the forecast period. This is due to the rising awareness about the numerous health benefits offered by yogurt, which include better immune function, less risk of many diseases like obesity, and improved digestion. Moreover, the availability of different flavors will add to the market growth. Many companies are involved in experimenting with different combinations of flavors like blueberry cucumber, pineapple spinach kiwi, spiced apricot, and coconut-cranberry to match the taste and preferences of consumers. Thus, the launch of new flavors will fuel the market growth.

GCC Dairy Market’s leading Manufacturers:

• Almarai Company

• Nestlé S.A.

• Arla Foods amba

• Saudia Dairy & Foodstuff Company (SADAFCO)

• National Agricultural Development Company (NADEC)

• Lactalis Group

• Al Ain Dairy

• Al Rawabi Dairy Company

• Fonterra Co-operative Group Limited,

GCC Dairy Market Segmentation:

Segmentation by Product Type:

• Milk

• Cheese

• Butter

• Dairy Desserts

• Yogurt

• Others

Segmentation by Distribution Channel:

• Supermarkets/Hypermarkets

• Convenience Stores

• Specialist Retailers

• Others

Segmentation by Region:

• North America

  • United States of America

  • Canada

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

  • Rest of the world (remaining countries of the LAMEA region)

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