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The Camel Milk Market size is forecast to increase by USD 1.88 billion, at a CAGR of 5.17% between 2023 and 2028.
The camel milk market in MEA experiences a notable growth rate driven by factors like increasing awareness of nutritional benefits, rapid urbanization, and the presence of global vendors. The convenience and health benefits of camel milk contribute to its growing popularity among consumers in the region. With major companies like DromeDairy Naturals, Emirates Industry for Camel Milk and Products, and Al Ain Farms, the market witnesses a significant global presence. Al Ain Farms, in particular, offers camel milk as a lactose-intolerant-friendly alternative to conventional dairy products, further fueling consumer consumption trends.
The market shows an accelerated CAGR during the forecast period.
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One of the key factors driving the market growth is the increasing camel milk production. The growing demand for camel milk among consumers has led players to ramp up their production. In addition, the number of dairies producing camel milk is also increasing. Furthermore, it has led various companies to invest in increasing the herd size of the camels to increase the production of milk.
For example, the Australian Wild Camel Corporation is planning to increase its herd size from 450 camels to 2,500 camels over the next two years. In addition, the number of dairies producing camel milk has increased to 10 in Australia during the past two years. Furthermore, camel milk production is also increasing in African countries such as Kenya and Ethiopia. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the market growth is the rising demand for camel milk in online retail. Several factors, including increasing Internet connectivity, growing adoption of smartphones, and the presence of a large customer base increase the demand for camel milk in online retail. In addition, companies offering camel milk focus on distributing various fresh camel milk through online retailers.
Moreover, increasing marketing activities online enables manufacturers to offer consumers easy access to various camel milk products. In addition, e-commerce integrated retail platforms such as Amazon, Walmart, Target, and Tesco sell camel milk. Furthermore, these online retail channels sell camel milk at a cheaper rate than the traditional local market players. Hence, such factors are driving the market growth during the forecast period.
Increasing competition from plant-based milk alternatives is one of the key challenges hindering market growth. Camel milk encounters stiff competition from plant-based milk alternatives including soy milk, almond milk, coconut milk, and others. In addition, these plant-based alternative dairy drinks are primarily consumed by vegans, lactose or dairy intolerants, and people with milk allergies.
Moreover, these drinks have low fat and low cholesterol levels. In addition, they are also witnessing increased demand owing to the increasing awareness about the medical benefits of such products, rising health consciousness among consumers, and increasing vegan population. Hence, such factors are negatively impacting the market which in turn hinders the market growth during the forecast period.
The availability of cost-affordable camel milk-based products will fuel the offline segment which in turn will increase the market growth. The offline segment comprises supermarkets, hypermarkets, convenience stores, and other local businesses. In addition, supermarkets and hypermarkets possessed the greatest portion of the offline distribution channel share because they offered a wide range of goods at enticing discounts. Moreover, customers are encouraged to purchase goods through offline distribution channels through discounts and convenience. Furthermore, hypermarkets and brands work together to present products in ways that draw in customers. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
The fresh camel milk segment is estimated to witness significant growth during the forecast period. Fresh camel milk segment has a shelf life of about 1-5 days and is healthier than processed camel milk products. In addition, numerous nutrients that are vital for general health are abundant in fresh camel milk. Furthermore, fresh camel milk has a similar nutritional profile to whole cow's milk in terms of calories, protein, and carbohydrates.
The fresh camel milk segment was the largest segment and was valued at USD 3.52 billion in 2018.
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Moreover, the health benefits of camel milk are expected to increase the demand in this segment among consumers. In addition, camel milk is a dairy product that is high in nutrients and has been consumed for centuries in many parts of the world. Furthermore, numerous nutrients that are vital to general health are abundant in camel milk. In addition, compared with cow's milk, it has fewer calories and saturated fat and more calcium, iron, potassium, vitamin C, and B vitamins. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Middle East and Africa is estimated to contribute 60% to the growth of the global market during the forecast period
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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. A majority of the camel milk products in Africa are exported to other countries. In addition, the region has some of the largest global producers of camel milk, such as Somalia and Kenya. Moreover, Somalia has the largest camel population globally and is home to about one-third of the total global camel population. In addition, the country is also planning to start exporting its camel milk to new export destinations to boost its foreign exchange earnings. Furthermore, camel milk has been a part of the traditional diet for Middle Eastern consumers for centuries, and its demand is still strong in the region. Hence, such factors are driving the market growth in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Aadvik Foods and Products Pvt. Ltd., BestCamelMilk, Camel Dairy Farm Smits, Dandaragan Camel Dairies Pty Ltd, Desert Farms Inc., DromeDairy Naturals, Emirates Industry for Camel Milk and Products, Gujarat Cooperative Milk Marketing Federation Ltd., QCamel, Sahara Camel Milk, Camel Milk Co. Australia Pty Ltd., Tiviski Pvt Ltd., UK Camel Milk Ltd., Camel Charisma Pvt. Ltd., Camel Culture, Camel Milk South Africa, and Sahara Dairy Co.
The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Camel Milk Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.17% |
Market Growth 2024-2028 |
USD 1.88 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.4 |
Regional analysis |
Middle East and Africa, Europe, APAC, North America, and South America |
Performing market contribution |
Middle East and Africa at 60% |
Key countries |
US, Saudi Arabia, United Arab Emirates, India, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aadvik Foods and Products Pvt. Ltd., Al Ain Farms, BestCamelMilk, Camel Dairy Farm Smits, Camel Milk Association, Camelot Camel Dairy, LLC., Dandaragan Camel Dairies Pty Ltd, Desert Farms Inc., DromeDairy Naturals, Emirates Industry for Camel Milk and Products, Gujarat Cooperative Milk Marketing Federation Ltd., QCamel, Sahara Camel Milk, Camel Milk Co. Australia Pty Ltd., Tiviski Pvt Ltd., UK Camel Milk Ltd., Camel Charisma Pvt. Ltd., Camel Culture, Camel Milk South Africa, and Sahara Dairy Co. |
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 the forecast period |
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 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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