Global Camel Dairy Market Distribution Channel, Product Type, Size, Demand & Forecast to 2024
by Rahul Rastogi Market Research AnalystThe growth of the global camel dairy market can be accredited to
the rising awareness about the health benefits of camel milk, provision of tax
exemptions and the introduction of various value-added products by
manufacturers.
According to the latest
report by IMARC Group, titled “Camel
Dairy Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2019-2024”, the global camel dairy market reached
a value of around US$ 6 Billion in 2018, registering a CAGR of nearly 4% during
2011-2018. Camel milk has a higher nutritional value as compared to the
milk produced by cows. It is a rich source of iron, magnesium, sodium, copper,
potassium, manganese, and Vitamin A and C. Apart from this, camel milk also has
a high content of immunity-boosting antibodies like potent immunoglobulins
which aid in minimizing the risk of acquiring autoimmune diseases. However, the
price of camel milk is comparatively more than cow milk as camel breeding costs
are higher. Despite this, the health benefits offered by camel milk have
increased its demand among consumers across the globe.
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Market
Trends:
Camel milk is currently
gaining traction among diabetic patients worldwide as it helps in improving
lipid profiles and decreasing insulin resistance. The rising prevalence of
diabetes, especially in countries like the United States, China and India, is strengthening
the growth of the camel dairy industry. Moreover, manufacturers are now
investing in the formulation of value-added products, such as camel milk-based
ice-creams, chocolates, cheese and ghee, in order to expand their consumer
base. Further, the UAE Ministry of Economy has provided a value-added tax (VAT)
exemption certificate to Emirates Industry for Camel Milk and Products (EICMP),
a Dubai-based camel milk producer. The certificate exempts custom duty on
imports of the company’s products by Arab countries and is expected to increase
the company’s camel milk exports. Such incentives are projected to boost the
trade of camel milk globally, thereby boosting the market growth. On account of
the abovementioned factors, the global
camel dairy market value is projected to cross US$ 8 Billion by 2024,
expanding at a CAGR of 8% during 2019-2024.
Market
Summary:
- On the basis of camel
dairy market product
types, pasteurized camel milk is
mostly favored by consumers as the process of pasteurization eliminates
parasites, viruses and bacterial pathogens present in the milk. Other
camel dairy products include raw milk, flavored milk, cheese, yoghurt, ice
cream, Laban, ghee, infant formula and milk powder.
- Based on types of packaging, the market
has been segregated into cartons, bottles, cans, jars and others.
Presently, bottles hold the majority of the total market share as they are
comparatively cheaper, light in weight and easy to handle.
- The camel dairy market has been
categorized on the basis of distribution channels which include
supermarkets and hypermarkets, convenience stores, specialty stores,
online and others. Amongst these, supermarkets and hypermarkets account
for the dominant share as they offer a vast selection of products to the
buyers.
- Region-wise, the market has been segmented
into Africa, Middle East, Asia, Oceania and Rest of the World. Currently,
Africa represents the biggest market for camel dairy products, holding the
majority of the total market share.
- The competitive landscape of the market
has been examined with some of the key players being Camelicious, Al Ain
Dairy, Desert Farms, Vital Camel Milk, Tiviski Dairy, Camilk Dairy, Camel
Dairy Farm Smits, Camel Milk Co Australia and Camel Milk South Africa.
.
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Created on Mar 5th 2019 06:30. Viewed 295 times.