GCC Fresh Milk Market Share, Size, Growth and Forecast By 2026.
The latest report by IMARC Group, titled “GCC Fresh Milk Market : Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, finds that the GCC fresh milk market reached a volume of XX Million Litres in 2020. Fresh milk, also known as raw milk, is a rich source of essential nutrients, such as calcium, protein, vitamin A, vitamin D and phosphorus. It helps in keeping the body hydrated and supplies both micro and macronutrients to support optimal health. Moreover, fresh milk helps to strengthen bones, maintain muscle mass, improve the circulatory and skeletal systems, boost metabolism, lower the risk of cardiovascular diseases, increase immunity and support favorable body composition. Over the past years, the GCC countries have experienced substantial socio-economic changes which have led to an increase in their per capita income. The rising affluence of the consumers has encouraged the demand for premium and innovative products, including vitamin fortified, lactose-free, low-fat and sugar-free variants, in turn, providing an impetus to the fresh milk market growth.
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GCC Fresh
Milk Market Trends:
In the GCC region, there is a significant
demand for fresh milk owing to its health benefits and high nutritional value.
Moreover, the growing health consciousness among the consumers has led to an
increase in the demand for healthier, natural and organic products. In line
with this, the players have developed innovative packaging formats which make
the consumption and storage of fresh milk convenient for the consumers, thereby
providing a positive thrust to the market growth. In addition, an expansion in
the distribution channels has supported the availability of dairy products.
Apart from this, the governments in the GCC regions are making investments to
provide new and efficient technologies for handling fresh milk from production
and cooling to storage. Looking forward, IMARC Group expects the
market to exhibit moderate growth during 2021-2026.
GCC Fresh
Milk Market Summary:
·
On a
geographical front, Saudi Arabia dominates the market, accounting for the
largest share. The high consumption of fresh milk in the country can be
attributed to a large population with high disposable incomes. Some of the
other major markets in the region include the UAE, Kuwait, Oman, Qatar and
Bahrain.
·
The
competitive landscape of the market has also been examined with some of the key
players being Almarai, Al Safi Danone, Nada Dairy, Al Ain Dairy and Al Rawabi.
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Key
highlights of the report:
- Market
Performance (2015-2020)
- Market
Outlook (2021-2026)
- Market
Trends
- Market
Drivers and Success Factors
- The
Impact of COVID-19 on the Global Market
- Value
Chain Analysis
- Structure
of the Global Market
- Comprehensive
mapping of the competitive landscape
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currently within the scope of the report, we will provide it to you as a part
of the customization.
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