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.
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“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.
According to a TechSci Research “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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