GCC Camel Dairy Market Overview 2018: Growth, Demand and Forecast Research Report to 2023
Added: (Thu Dec 27 2018)
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The GCC camel dairy market has witnessed a strong growth over the past several years. This can be attributed to the low cholesterol and fat content coupled with numerous health benefits offered by camel dairy products.
According to the latest report by IMARC Group, titled “GCC Camel Dairy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the GCC camel dairy market reached a value of US$ 426 Million in 2017, registering a CAGR of around 5.2% during 2010-2017. Camels are one of the most important livestock in semi-arid areas of the GCC region. They produce more milk than other dairy animals under the same environmental conditions, owing to which, camel milk is easily available in countries like Saudi Arabia and Qatar. In comparison with cow milk, camel milk is considered to be healthier as it has a lower cholesterol and fat content. Moreover, it consists of higher amounts of iron, potassium, sodium, magnesium, vitamin A and C, etc. which help in strengthening bones, nails, hair and teeth, and preventing osteoporosis.
Market Trends:
Camel milk products have gained traction among lactose-intolerant and diabetic people as they contain lower amounts of lactose and higher amounts of insulin which is imminent for regulating type 1 diabetes. Apart from this, medical studies have also found that camel milk helps in improving the symptoms of autism in children and assists in combating certain forms of cancer. Moreover, the awareness campaigns launched by the governments of various GCC countries regarding obesity and healthy eating habits have also increased the demand for camel dairy products. In line with this, a number of camel milk processing companies have introduced a wide variety of products such as camel milk powder, flavored milk, ghee, drinking yogurts, ice-cream, pasteurized milk, Laban, chocolates, etc. Looking forward, the market value is projected to cross US$ 615 Million by 2023, at a CAGR of nearly 6.6% during 2018-2023.
Read full report with TOC: https://www.imarcgroup.com/gcc-camel-dairy-market