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The camel milk market share is expected to increase by USD 1.46 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.44%.
This camel milk market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers camel milk market segmentations by product (fresh camel milk and processed camel milk) and geography (Middle East and Africa, Europe, APAC, North America, and South America). The camel milk market report also offers information on several market vendors, including Aadvik Foods and Products Pvt. Ltd., Al Ain Farms, BestCamelMilk, Camel Culture, Camel Dairy Smits, Camel Milk Co. Australia Pty Ltd., Camilch, Dandaragan Camel Dairies Pty Ltd., Desert Farms Inc., Emirates Industry for Camel Milk and Products, Gujarat Cooperative Milk Marketing Federation, QCamel, Sahara Camel Milk, Summer Land Camel, UK Camel Milk Ltd., and Vital Camel Milk Ltd. among others.
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The increasing camel milk production is notably driving the camel milk market growth, although factors such as increasing competition from plant-based milk alternatives may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the camel milk industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Camel Milk Market Driver
The increasing camel milk production is one of the key drivers supporting the camel milk market growth. The number of dairies producing camel milk is increasing. It has led various companies to invest in increasing the herd size of the camels to increase the production of milk. For instance, the Australian Wild Camel Corporation is planning to increase its herd size from 450 camels to 2,500 camels over the next two years. The number of dairies producing camel milk has increased to 10 in Australia during the past two years. This is expected to increase during the forecast period due to the increasing investment in the market. Camel milk production is also increasing in African countries such as Kenya and Ethiopia, which will drive the market during the forecast period.
Key Camel Milk Market Trend
The increasing popularity of camel milk among diabetic patients is one of the key camel milk market trends that is contributing to the market growth. For instance, the total number of diabetic patients in India is expected to increase to about 80 million by 2030. The increasing popularity of camel milk among diabetic patients is one of the emerging trends in the market. Camel milk is found to help prevent diabetes as it contains about 52 units of insulin per liter, which is more than 60% of the average necessary external insulin administration for type 1 diabetics. Furthermore, several studies have reported that camel milk helps in reducing the risk of diabetes among consumers. This factor will help the camel milk market growth as the number of diabetic patients is expected to increase globally during the forecast period.
Key Camel Milk Market Challenge
Increasing competition from plant-based milk alternatives is one of the factors hindering the camel milk market growth. Camel milk faces stiff competition from plant-based milk alternatives such as soy milk, almond milk, and others. These plant-based alternative dairy drinks are primarily consumed by vegans, lactose or dairy intolerants, and people with milk allergies. These drinks have low-fat and low-cholesterol levels. They are also witnessing increased demand owing to the increasing awareness about the medical benefits of such products, rising health consciousness among consumers, and an increasing vegan population. Thus, the number of consumers preferring plant-based dairy alternatives is expected to increase, which can impede the growth of the camel milk market during the forecast period.
This camel milk market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global camel milk market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the camel milk market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the camel milk market encompasses successful business strategies deployed by the key vendors. The camel milk market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The camel milk market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the camel milk market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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65% of the market's growth will originate from the Middle East and Africa during the forecast period. Saudi Arabia and the United Arab Emirates are the key markets for the camel milk market in the Middle East and Africa. Market growth in this region will be faster than the growth of the market in Europe.
The increasing awareness about the nutritional value of camel milk will facilitate the camel milk market growth in the Middle East and Africa over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, due to the COVID-19 pandemic, vendors incurred additional costs for sanitization and hygiene and faced challenges in maintaining the supply chain of camel milk. However, vendors witnessed an increase in the sales of camel milk through the online mode by offering free shipping or discounts on shipping costs for customers in the region in 2020. This strategy is helping vendors to sustain their customer relationships and clear their camel milk stocks from warehouses which increases the sales of camel milk in MEA. Thus, such factors will positively impact the growth of the market during the forecast period.
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The camel milk market share growth by the fresh camel milk segment will be significant during the forecast period. Fresh camel milk has a shelf life of about 1-5 days and is healthier than processed camel milk products. The health benefits of camel milk are expected to increase the demand in this segment during the forecast period. Realizing the market potential, many new players are entering the market with their product offerings. The market is expected to offer a good return on investment and attract a number of players during the forecast period. Such factors will also increase the competition in the market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the camel milk market size and actionable market insights on post COVID-19 impact on each segment.
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Camel Milk Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.44% |
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Market growth 2022-2026 |
$ 1.46 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.85 |
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Regional analysis |
Middle East and Africa, Europe, APAC, North America, and South America |
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Performing market contribution |
Middle East and Africa at 65% |
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Key consumer countries |
US, Saudi Arabia, United Arab Emirates, India, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aadvik Foods and Products Pvt. Ltd., Al Ain Farms, BestCamelMilk, Camel Culture, Camel Dairy Smits, Camel Milk Co. Australia Pty Ltd., Camilch, Dandaragan Camel Dairies Pty Ltd., Desert Farms Inc., Emirates Industry for Camel Milk and Products, Gujarat Cooperative Milk Marketing Federation, QCamel, Sahara Camel Milk, Summer Land Camel, UK Camel Milk Ltd., and Vital Camel Milk Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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