Market Size of Qatar Dairy Products Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 687 Million |
| Market Size (2029) | USD 892 Million |
| CAGR (2024 - 2029) | 5.35 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Qatar Dairy Products Market Analysis
The Qatar Dairy Products Market size is estimated at USD 687 million in 2024, and is expected to reach USD 892 million by 2029, growing at a CAGR of 5.35% during the forecast period (2024-2029).
In the early stage of the COVID -19 outbreak, the panic buying of dairy products and other necessary products led to increased concerns about mass buying of long-life milk, pasta, rice, and tinned vegetables, which impacted the shortage of products in the nation. Dairy products were negatively impacted by a shortage of products due to high demand, resulting in a high price rise of products such as powdered and long-life milk, butter, and yogurt. However, in 2020, the government of Qatar took the initiative and signed an agreement with 14 major companies specializing in the consumer goods and food sectors to raise the country's strategic stock of food commodities, like wheat, rice, oil, powdered and long-life milk, sugar, and frozen meat. Noticing the earlier issue of a shortage of essential food products, the government aimed to maintain a continuous supply of essential food commodities to the local market for a year.
However, in 2020, the government of Qatar took the initiative and signed an agreement with 14 major companies specializing in the consumer goods and food sectors to raise the country's strategic stock of food commodities, like wheat, rice, oil, powdered and long-life milk, sugar, and frozen meat. The country's dairy industry moved toward self-sufficiency, and trade barriers did not have much impact on the market. In the long term, the Qatari dairy products market is primarily driven by the rising health consciousness among the consumers who actively seek protein-rich food products.
Moreover, factors such as increasing government-run health and wellness campaigns designed to combat obesity and related problems (diabetes, high blood pressure, heart disease, and high cholesterol) encourage consumers to purchase healthier products, directly fueling the dairy market. Dairy-based products are naturally high in calcium content; hence, they are perceived as nutritional snacking options. The health benefits of probiotic drinks, especially their ability to improve digestion and the immune system, attract consumers across all age groups to the market.
