USD 6.03 billion
Report ID: SQMIG30I2168 | Region: Global | Published Date: June, 2023 | Pages: 157 | Tables: 63 | Figures: 75
Camel Milk Products Market size was valued at USD 6.03 billion in 2021 and is poised to grow from USD 6.64 billion in 2022 to USD 13.24 billion by 2030, growing at a CAGR of 9% in the forecast period (2023-2030).
The sector is anticipated to benefit from camel milk's rising popularity among lactose-intolerant consumers due to its simple digestion. Also, because the milk has higher concentrations of copper, iron, sodium, potassium, magnesium, manganese, and vitamins A and C than cow milk, it is said to be more nutritional. One of the healthiest dairy drinks available, it contains natural probiotics. Systemic immunity and digestive health are both enhanced by camel milk. Compared to cow dairy, the drink has a low-fat level of about 2 to 3%, which is likely to draw more health-conscious customers who are watching their calorie consumption. Due to high production expenses, products made from camel milk are more expensive than those made from regular cattle milk. Whereas the cow dairy drink only costs about $0.40 per litre in Europe, Camelicious charges USD 13 per litre for milk. Similar to this, Desert Farms charges USD 35 per litre in the United States, whereas cow milk costs about USD 0.80 per litre. In the upcoming years, market growth is anticipated to be hampered by the high cost of camel milk products compared to comparable products. Raw or fermented camel milk are the two most common kinds consumed nowadays. However, manufacturers are broadening their product lines to appeal to this market as urban consumers rise in number.
US Camel Milk Products Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.03 billion
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Global Camel Milk Products Market is segmented on the basis of Products, Distribution Channels, and region. By Products, the Camel Milk Products Market is segmented into Plain Milk, Flavored Milk, Powder, Ice Cream, Fermented and Others. By Distribution Channels, Camel Milk Products Market is segmented into Offline and Online. By region, the Camel Milk Products Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Camel Milk Products Market Analysis by Products
The plain segment dominated the global market. For generations, these goods have contributed to the long-term survival of Bedouin and nomadic communities. A cultural and traditional beverage in the Middle Eastern nations is regarded to be plain milk. Hence, a sizable portion of the product is eaten unprocessed or plain. The world has seen a rise in demand for derivatives in recent years, including powder, yoghurt, cheese, butter, ice cream, chocolate, and even beauty goods.
Flavoured Milk segment is expected to grow at the fastest CAGR. Significant consumption in the US, Canada, Japan, China, and Europe are expected to drive the segment growth. China will continue to have one of the highest rates of growth among these markets. Throughout the analysis period, Latin America will grow at a 7.2% CAGR.
Camel Milk Products Market Analysis by Distribution Channels
The offline segment dominated the global market. Due to their limited shelf life and everyday demand, consumers favour purchasing dairy products. Large stores like supermarkets and hypermarkets made up the majority of the offline distribution route due to their extensive product selection and alluring prices. Some retailers, including Whole Foods Market, have streamlined the delivery of dairy products made from camel milk and increased their global reach.
Due to generation X, millennials, and generation Z's growing familiarity with and reliance on the internet and e-commerce, it is expected that the online distribution channel would grow at the fastest CAGR. In the approaching years, it's anticipated that a range of features, including many value-added services like discounted prices, cash-on-delivery, paybacks supplied by e-retailers as well as product return facilities, would boost the growth of online channels.
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The Middle East and Africa dominated the global market. Major camel milk producing nations include Somalia, Kenya, Mali, Ethiopia, Saudi Arabia, and Niger, with Somalia and Kenya accounting for more than 60% of global production. Moreover, Saudi Arabia is the largest market in the world in terms of consumption, with a per capita consumption of roughly 33 liters annually.
Over the course of the prediction, North America market is predicted to grow at the fastest rate. Due to its low sugar level, camel milk has become more and more popular among diabetic Americans and Canadians. Hence, businesses in the sector are increasing their supply in these countries through both offline and online outlets. As opposed to fresh drinks, the bulk of these shops sell frozen drinks.
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Camel Milk Products Market Drivers
Increasing incidence of lactose intolerance and autism
Youngsters are increasingly consuming raw camel milk
Camel Milk Products Market Restraints
Economic slowdown is anticipated to have an adverse effect on product availability and pricing
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The competitive landscape for the camel dairy market includes information by competitor. Included information includes a business overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses. Only the companies' concentration on the camel dairy industry is represented by the aforementioned data points.
Camel Milk Products Market Top Player’s Company Profiles
Camel Milk Products Market Recent Developments
Growing consumer awareness of the health benefits of camel dairy products, such as their high calcium, protein, and other nutritional content is driving market growth. Due to changes in eating habits and an increasingly busy lifestyle around the world, cholesterol and obesity are becoming more common in people today. Demand for camel dairy products is rising as consumers become more concerned with their health.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global camel milk products market analysis, the market growth is driven by increasing consumer demand for natural and healthy dairy products. The Middle East and Africa region dominated the global market, accounting for most of the global camel milk production. However, there is growing interest in camel milk products in other regions, including Europe, North America, and Asia Pacific, as consumers become more aware of the health benefits of camel milk and its potential as an ingredient in various food and beverage products. However, there are still some challenges to the growth of the global camel milk products market, including high production costs and limited availability of camel milk in some regions. Nevertheless, with increasing demand for natural and healthy dairy products, the market is expected to grow in the coming years.
|Market size value in 2021||USD 6.03 billion|
|Market size value in 2030||USD 6.64 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Camel Milk Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Camel Milk Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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