Increasing concerns about nutrition and health,
changing consumption patterns of consumers and rising awareness about benefits
of dairy products to drive UAE dairy products market through 2024
According to a TechSci Research report, “UAEDairy
Products Market By Product Type, By Distribution Channel,
Competition Forecast & Opportunities, 2024”, UAE
dairy products market is projected to grow at a CAGR of over 7% during
2019-2024 owing to growing inclination
towards dairy products along with rising awareness about their health benefits
for all age groups coupled with continuous introduction of innovative flavors,
especially in the yoghurt and milk segment. The
growth of UAE dairy products market is also fuelled by factors such as
aggressive marketing by companies and online retailers for dairy products,
thereby increasing visibility among the consumers. Moreover, further
consolidation of distribution channels by major manufacturers in the market
across the region has aided growth of UAE dairy products market by increasing
product accessibility. In terms of distribution channel, the market has been
categorized into four major segments out of which Supermarket/Hypermarket
captured majority market share due to availability of a variety of options
under one roof and assurance of quality dairy products.
Browse
market data Tables and Figures spread through Pages and an
in-depth TOC on " UAE Dairy Products Market "
On the basis of type, UAE dairy products market
has been broadly categorized into dairy
milk, ghee & butter, ice cream & milk cream, cheese & spread and
yoghurt. Yoghurt dominated the market in 2018 and is
expected to maintain its leading position in the coming years as well due to
rising demand for probiotic food and growing consumption of yoghurt on daily
basis.
Al
Marai, Al Ain Dairy, Al Rawabi, Gulf & Safa were some of the leading
players in the UAE dairy products market in 2018 and are anticipated to
maintain their dominance during forecast period as well. In terms of regions,
Dubai dominated the market with a share of over 48% in 2018. This region is
expected to generate significant demand for dairy products and anticipated to
remain dominant till 2024 as well owing to the population growth in the region
along with rising tourism.
Customers can also request for 10% free customization on this report.
“Factors
like introduction of flavored yogurt and flavored milk, rising per capita
expenditure on dairy products due to growing disposable income, rising health
awareness among consumers along with the benefits associated with dairy
products consumption are fuelling growth in UAE dairy products market.
Moreover, increasing retail focus on dairy products and government initiatives
towards encouraging the consumption of dairy products would further steer
growth in UAE
dairy products market.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“UAE Dairy Products Market By Product Type, By
Distribution Channel, Competition Forecast & Opportunities, 2024” has evaluated the future growth potential of UAE
dairy products market and provides statistics and information on market
structure, size, share and future growth. The report is intended to provide
cutting-edge market intelligence and help decision makers to take sound
investment decision. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in the UAE dairy products market.
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