GCC Milk Powder Market

GCC Milk Powder Market Overview:

The GCC milk powder market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Powdered milk, or dry milk, is a manufactured dairy product formulated by preheating, evaporating, and reheating homogenized or non-homogenized, raw pasteurized milk into milk solids. It employs the spray drying method, where the moisture level is reduced to inhibit microbial growth. It has a light cream color, pleasing taste, and creamy flavor and provides the same bone-building nutrients as regular milk, such as calcium, iron, sodium, fats, carbohydrates, cholesterol, potassium, protein, and vitamins A & D. Whole milk, skim milk, and non-dairy milk powder are some of the commonly available product variants. When compared to regular milk, milk powder has a longer shelf life and is easier to transport. In the GCC, milk powder is witnessing huge demand as the primary ingredient used in candies, chocolates, and infant formula across the bakery, dairy, food and beverage (F&B), and confectionery industries.

The primary factor driving the milk powder market in the GCC is the rising demand for baby food and infant formulas due to the hectic lifestyle and increasing working populace. This is further supported by the rising product application as a source of non-fat milk solids in baked and confectionery items. Moreover, the rapidly expanding F&B sector and the inflating consumer per capita income are other growth-inducing factors. Additionally, key market players are investing heavily in advanced technologies to introduce new product variants, such as organic, low-fat, and vitamin-fortified whole milk powder, which is creating a positive outlook for the market. Furthermore, easy product availability in supermarkets, hypermarkets, and online retail stores and the improving supply chain distribution channels in the region are providing a considerable thrust to the market growth. Other factors, such as the surging demand for convenient food products, rapid urbanization, and the increasing health consciousness among consumers, are positively contributing to the market growth.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC milk powder market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC milk powder market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC milk powder market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC milk powder market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC milk powder market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC milk powder market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC milk powder market industry. Furthermore, the value chain analysis of the GCC milk powder market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Milk Powder Market Segment Insights:

The GCC milk powder market has been analysed as followed:

Segmentation by Product  Type:

• Whole Milk Powder
• Skimmed Milk Powder
• Dairy Whitener

Segmentation by Function:

• Emulsification
• Foaming
• Flavouring
• Thickening

Segmentation by Application:

• Infant Formula
• Confectionery
• Sports and Nutrition Foods
• Bakery Products
• Dry Mixes
• Fermented Milk Products
• Meat Products  

Segmentation by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Milk Powder Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC milk powder market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.