GCC Yogurt Market Overview:
The GCC Yogurt market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Yogurt is a dairy product made by fermenting milk with bacteria such as Lactobacillus acidophilus, Lactobacillus rhamnosus, Lactobacillus bulgaricus, and Streptococcus thermophilus. It contains rich amounts of calcium, vitamins B6 and B12, riboflavin, potassium, and magnesium that help promote bone health. It improves bowel movements while reducing pain and straining to cure constipation. It also helps decrease low-density lipoprotein (LDL) cholesterol in the blood. Some commonly available yogurt flavors include vanilla, plain, peach, and strawberry blend. Since it possesses high nutritional value, yogurt has gained immense popularity among individuals across the GCC countries for improving heart health, treating vaginal yeast infections, decreasing inflammation, and boosting the immune system.
The GCC yogurt market is primarily driven by the rising product demand among health-conscious consumers due to its low fat and sugar content. Moreover, the increasing awareness among individuals about the health benefits of regular consumption of yogurt and its associated derivatives is positively influencing the market growth. Additionally, the launch of advanced yogurt variants fortified with extra minerals, vitamins, and fibers has accelerated the product adoption rate. Along with this, the availability of a wide range of probiotics, stirred and pulp-laced yogurts have catalyzed the market growth. Besides this, the introduction of drinkable and spoonable yogurt variants in innovative packaging solutions, such as containers equipped with anti-choking caps and squeezable tubes, is another major growth-inducing factor. Apart from this, the rising demand for probiotic foods and supplements that enhance digestion, reduce irritable bowel syndrome (IBS) symptoms, prevent antibiotic side effects, and improve metabolism is contributing to market growth. Furthermore, the surging adoption of sugar-free and lactose-free products with numerous health benefits, such as reducing the risk of obesity, weight gain, and cardiovascular diseases (CVDs), is propelling the market growth. Other factors, including the expanding population in the GCC region, inflating consumer disposable incomes, increasing product adoption as meal or snack replacement, and rising health consciousness, are also anticipated to create a favorable market outlook.
GCC Yogurt Market Segment Insights:
The GCC yogurt market has been analysed as followed:
Segmentation by Type:
Segmentation by Flavour:
Segmentation by Distribution Channel:
Segmentation by Country:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
Competative Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Yogurt Market Report:
Report Customisation:
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