Camel Dairy Market Forecast, 2021-2026
Camel Dairy Market size is estimated to reach $9.6 billion by 2026, growing at a CAGR of 7.8% during the forecast period 2021-2026. Camel dairy products provide numerous health benefits, such as enhancing lipid profiles and decreasing insulin resistance. Camel dairy products have higher quantities of magnesium, copper, sodium, and vitamin C than cow dairy products. Camel dairy products are increasingly being adopted among consumers across the world owing to the growing demand for high-protein products among the young population and the rise in awareness about the benefits of camel dairy products. The rise in the adoption of camel milk powders, growing demand for camel ice-creams among the young population, and the growing investment by the key players to develop quality camel yogurts for its proteins are the factors that are set to drive the growth of the Camel Dairy Market for the period 2021-2026.
Report Coverage
The report: “Camel Dairy Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Camel Dairy Market.
By Product Type: Cheese, Yogurt, Milk, Laban, and Others.
By Packaging: Cartons, Cans, Bottles, Jars, and Others.
By Distribution Channel: Supermarkets/Hypermarkets, Online Channels, Specialty Stores, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).
Key Takeaways
- Geographically, the Rest of World Camel Dairy Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the demand for camel ice cream products.
- The increase in the adoption of camel milk powders to reduce insulin resistance is driving the Milk segment. However, the high cost of camel dairy products is one of the major factors that is said to reduce the growth of the Camel Dairy Market.
- Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Camel Dairy Market report.
Camel Dairy Market Segment Analysis-By Product Type
The Camel Dairy Market based on the Product Type can be further segmented into Cheese, Yogurt, Milk, Laban, and Others. The Milk segment held the largest share owing to the factors such as the rise in the demand for camel milk powders to reduce insulin resistance and the increase in the product launches by the key players. The growing demand for camel milk ice creams is driving the growth of the Camel Dairy Market. The Yogurt segment is estimated to be the fastest-growing segment with a CAGR of 8.3% over the period 2021-2026. This growth is owing to the factors such as the growing investment by the key players to develop quality camel yogurts for their proteins and the increase in awareness about the benefits of camel yogurts among the young population.
Camel Dairy Market Segment Analysis-By Distribution Channel
The Camel Dairy Market based on the Distribution Channel can be further segmented into Supermarkets/Hypermarkets, Online Channels, Specialty Stores, and Others. The Supermarkets/Hypermarkets segment held the largest share in 2020 owing to the factors such as the cost-effectiveness and the availability of a wide range of camel milk powders with different brands and price ranges. The presence of distinct product shelves coupled with attractive schemes in supermarkets is driving the growth of the Camel Dairy Market. The Online Channels segment is estimated to be the fastest-growing segment with a CAGR of 8.5% over the period 2021-2026. This growth is owing to the factors such as the growing demand for digitalized shopping experiences among the customers and the rise in the demand for door-stop delivery.
Camel Dairy Market Segment Analysis-By Geography
The Camel Dairy Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. Rest of World held the largest share with 35% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the adoption of camel milk powders to reduce insulin resistance and enhance lipid profiles and the increase in product launches by the key players. The rise in the demand for camel ice cream products is driving the growth of the Camel Dairy Market. North America segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the increase in the availability of a wide range of camel dairy products and the growing investment by the key players to develop camel yogurts for its proteins.
Camel Dairy Market Drivers
Increase in Awareness about Health Benefits of Camel Dairy Products.
Customers across the world are increasingly shifting towards camel dairy products owing to the growing awareness about its health benefits, such as enhancing lipid profiles and decreasing insulin resistance. The key players across the world are focusing on developing healthy camel milk products, which is one of the major factors driving the growth of the Camel Dairy Market.
Rise in the Adoption of Nutritional Dairy Beverages.
The rise in the customer inclination towards nutritional dairy products has propelled the demand for camel dairy beverages as they have higher quantities of magnesium, copper, sodium, and vitamin C than cow dairy beverages. Moreover, manufacturers are launching camel dairy products, such as camel milk and camel yogurt beverages, which is further propelling the growth of the Camel Dairy Market.
Camel Dairy Market Challenges
High Cost of Camel Dairy Products.
The key players in the market are increasing their investment to carry out various research and development activities for developing camel milk powders that enhance lipid profiles. However, the cost of camel milk products is higher than cow milk products, which is one of the major factors that is estimated to reduce the growth of the Camel Dairy Market.
Camel Dairy Market Competitive Landscape:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Camel Dairy Market. Key companies of this market are Al Ain Farms, Vital Camel Milk Ltd, Desert Farms Inc, Camel Milk Co Australia, Kamelenmelk, Camel Milk South Africa, Aadvik Foods, Amul, Tiviski Pvt Ltd, and Camelicious among others.
Expansions/Product Launches:
- In January 2021, Aadvik Foods has launched camel milk ghee to expand its unique offering of camel dairy products, such as freeze-dried camel milk powder, raw camel milk powder, camel milk chocolates, and frozen camel milk.
- In October 2020, Amul has launched Camel milk ice cream and Camel milk powder to enhance its value-added camel milk products and to increase supply in the market by launching products that have numerous health benefits.
- In July 2020, Camel Milk Co Australia has expanded its offerings of camel milk products by enlarging its online sales platform to include a global shopping cart and meet the growing demand for camel milk products during the pandemic.
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