The camel dairy market, valued at $2.3 billion in 2020, is set for moderate growth by 2026, driven by health trends and government support.
According to the latest report by IMARC Group, titled “Camel Dairy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global camel dairy market size reached US$ 2.3 Billion in 2020. Looking forward, the market expects to exhibit moderate growth during the next five years.
Camel milk is a rich source of iron, magnesium, sodium, copper, potassium, manganese, and vitamins A and C. It also consists of immunity-boosting antibodies, such as potent immunoglobulins, that aid in minimizing the risk of autoimmune diseases. It comprises lower concentrations of saturated fats and lactose due to which it is gaining prominence among health-conscious and lactose-intolerant consumers. However, the price of camel milk is significantly higher than that of conventional and readily available cow milk, owing to the high costs associated with camel breeding. Despite this, the numerous health benefits offered by camel milk and its high nutritional value have led to an increase in its demand across the globe.
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Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being
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Global Camel Dairy Market Trends:
The market is primarily driven by the increasing prevalence of diabetes on the global level. The consumption of camel milk is associated with improving lipid profiles and decreasing insulin resistance. This factor, coupled with the growing awareness among the masses regarding the importance of a healthy lifestyle, has impelled the demand for camel milk across the globe. Furthermore, governments of numerous countries are undertaking initiatives to promote the uptake of camel milk, which is creating a positive outlook for the market. For instance, 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, that relieves custom duty on imports of the company’s products by Arabian countries, which is expected to increase the company’s camel milk exports. Along with this, several manufacturers are continually investing in the formulation of value-added products, such as camel milk-based ice cream, chocolates and cheese, to expand their consumer base. This, along with increasing consumer expenditure in food and beverages, is expected to further create a positive outlook for the market.
Market Summary:
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The article discusses the global camel dairy market, its trends, growth, and future forecasts from 2021 to 2026.
Camel milk is gaining popularity due to its health benefits, including lower lactose and saturated fats, and immunity-boosting properties.
Africa currently holds the leading position in the global camel dairy market.
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