|Study Period:||2016 -2027|
Need a report that reflects how COVID-19 has impacted this market and its growth?
Kuwait's dairy products market is projected to register a CAGR of 8.13% over the forecast period (2022-2027).
During the initial wave of business and community shutdowns, Kuwait's dairy products were in high demand. But major issue was the disrupted supply chains, including dairy snacks, as, during the lockdown, Middle Eastern countries like Kuwait closed their borders or raised trade barriers.
The government regulates the Kuwaiti dairy industry and must strictly adhere to health and hygiene regulations similar to the GCC and international standards. The dairy industry in Kuwait is also characterized by active foreign trade of exports and imports.
Global Burden of Disease Study claims Kuwait to be the fourth most obese country in the world. Sourcing the concern, consumers are finally developing a sense of healthy living, leading them to progressively opt for food with functional attributes, including functional dairy products, such as probiotic yogurt, sour milk, and others.
Scope of the Report
A dairy product is defined as milk and any foods made from milk, including butter, cheese, ice cream, yogurt, and condensed and dried milk. The scope of the Kuwaiti dairy products market includes segmentation based on product type. It is segmented by milk, cheese, fermented dairy products (laban and yogurt), dairy spreads, and other dairy products. The distribution channel is segmented into Supermarket/Hypermarket, Convenience stores, Online Retail Stores , and Other Distribution Channels. For each segment, the market sizing and forecasting have been done in value terms (USD million).
|By Product Type|
|Fermented Dairy Products|
|Other Product types|
|By Distribution Channel|
|Online Retail Stores|
|Other Distribution Channel|
Key Market Trends
Escalating Demand For Functional Dairy In The Region
The relatively lavish lifestyle and poor eating habits of Kuwaitis are costing a fortune to the consumers, in terms of numerous health issues and obesity and diabetes being the major threats to the population. Nonetheless, the Global Burden of Disease Study claims Kuwait to be the fourth most obese country in the world. Sourcing the concern, consumers are finally developing a sense of healthy living, leading them to progressively opt for food with functional attributes, including functional dairy products, such as probiotic yogurt, sour milk, etc.
To understand key trends, Download Sample Report
Increasing Number of Strategic Initiatives By The Dairy Companies
The Kuwaiti dairy industry is witnessing an increasing prevalence of strategic partnerships and alliances between dairy companies to alleviate the country's dairy products shortage. Kuwait Dairy Company is one of the prominent companies in the country, specializing in the processing and marketing of fresh dairy products. Moreover, companies like Arla Foods are investing in production facilities and implementing expansion strategies to expand their dairy production facilities. Arla Foods is also developing its sales and distribution in Lebanon, Qatar, and Kuwait, to expand its dairy capacity in the mentioned countries.
The Kuwaiti Dairy market is relatively consolidated, with key players holding most of the market share. Thus, it will be complicated for new entrants to compete with the established players in terms of offerings. The market is competitive with the presence of leading dairy companies in Kuwait and those of GCC offering their products across the country. Likewise, players have been aggressively focused on their investments to appeal to a particular group of customers and maintain a dominant position within their groups. A few leading companies in the Kuwaiti dairy products market are Kuwait Dairy Co., Kuwait United Dairy Company, Al Safat Fresh Dairy Co., Almarai Company, etc.
Kuwait United Dairy Company
The Almarai Company
Al Safat Fresh Dairy Co.
Kuwait Danish Dairy Company
Kuwait Dairy Co.
In May 2021, Baladna announced the expansion of its business to 11 additional countries.
In July 2019, Kraft Heinz Company announced an agreement with Arla Foods, where Arla Foods attained the license in Kuwait to use the Kraft brand in the Middle East on the cheese portfolio acquired by Arla from Mondelēz International Inc.
In 2018, Arla Foods launched branded organic milk in Kuwait. The launch of Arla Organic Milk forms part of the overall company's ambitious business strategy: to become the number one organic dairy brand in the Middle East and North Africa by 2020.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.3 Fermented Dairy Products
5.1.4 Dairy Spreads
5.1.5 Other Product types
5.2 By Distribution Channel
5.2.2 Convenience stores
5.2.3 Online Retail Stores
5.2.4 Other Distribution Channel
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Most active companies
6.2 Key Strategies adapted by leading players
6.3 Company Profiles
6.3.1 Kuwait Dairy Co.,
6.3.2 Kuwait United Dairy Company
6.3.3 Al Safat Fresh Dairy Co.
6.3.4 Almarai Company
6.3.5 Kuwait Danish Dairy
6.3.6 KuwaitAgro Co.
6.3.7 Al-Othman Group Holding Co (NADA Dairy)
6.3.9 Al Faisaliah Group
6.3.10 Balade Farms, LLC
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Frequently Asked Questions
What is the study period of this market?
The Kuwait Dairy Products Market market is studied from 2016 - 2027.
What is the growth rate of Kuwait Dairy Products Market?
The Kuwait Dairy Products Market is growing at a CAGR of 8.13% over the next 5 years.
Who are the key players in Kuwait Dairy Products Market?
Kuwait United Dairy Company, The Almarai Company, Al Safat Fresh Dairy Co., Kuwait Danish Dairy Company, Kuwait Dairy Co. are the major companies operating in Kuwait Dairy Products Market.