(Food-Beverage-News.Com, June 19, 2019 ) According to the latest report by IMARC Group, titled “Global Camel Dairy Market Research Report and Forecast 2019-2024”, the global camel dairy market reached a value of US$ 5.64 Billion in 2018, registering a CAGR of 3.89% 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.
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 market value is projected to exceed US$ 8 Billion by 2024, expanding at a CAGR of 8.01% during 2019-2024.
On the basis of 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.
Market Breakup by Packaging:
1. Cartons 2. Bottles 3. Cans 4. Jars 5. Others
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.
Market Breakup by Region:
1. Africa 2. Middle East 3. Asia 4. Oceania 5. Rest of the World
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.
Competitive Landscape:
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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