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Kuwait Dairy Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Published: | Mordor Intelligence Pvt Ltd | 90 Pages | Delivery time: 2-3 business days


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Kuwait Dairy Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Published: January 17, 2022
Mordor Intelligence Pvt Ltd
Content info: 90 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents

Kuwait dairy products market is projected to be valued at USD 13.5 billion by 2024 while registering a CAGR of 8.13% over the forecast period (2019-2024).

Key Highlights

  • The Kuwaiti dairy industry is regulated by the government and must strictly adhere to health and hygiene regulations that are similar to the GCC and international standards. The dairy industry in Kuwait is also characterized by active foreign trade of exports and imports.
  • The market studied is highly competitive, with local, regional, and international dairy companies. Kuwait Dairy Company is one of the leading players offering dairy products across the country. The company is focusing on increasing its production capacity, in order to alleviate the shortage of dairy products in the country.

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, 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 associated with functional attributes, including functional dairy products, such as probiotic yogurt, sour milk, etc. Furthermore, manufacturers are marketing their products in the country with claims, such as Added-Minerals, No-Fat, etc., in order to gain an edge over other alternative brands.

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 shortage of dairy products in the country. 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 also investing on 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.

Competitive Landscape

The Kuwait dairy products market is competitive with the presence of leading dairy companies in Kuwait as well as those of GCC offering their products across the country. A few of the leading companies of the Kuwait dairy products market are Kuwait Dairy Co., Kuwait United Dairy Company, Al Safat Fresh Dairy Co., Almarai Company, etc.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Product Code: 52597


1 Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

  • 3.1 Market Overview
  • 3.2 Market Analysis
    • 3.2.1 PESTLE Analysis
    • 3.2.2 Analysis of Ease of Doing Business

4 Market Insight

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness
    • 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
  • 4.4 Consumer Behavior Analysis
    • 4.4.1 Consumer Demand Analysis
    • 4.4.2 Socio-economic Scenario
    • 4.4.3 Demographic Strength and Weakness
    • 4.4.4 Purchasing and Spending Patterns

5 Market Segmentation

  • 5.1 Milk
    • 5.1.1 Market Size
    • 5.1.2 Production and Consumption
  • 5.2 Cheese and Curd
    • 5.2.1 Market Size
    • 5.2.2 Production and Consumption
  • 5.3 Fermented Dairy Products
    • 5.3.1 Market Size
    • 5.3.2 Production and Consumption
  • 5.4 Other Dairy Products
    • 5.4.1 Market Size
    • 5.4.2 Production and Consumption

6 Trade Analysis

  • 6.1 Milk and Cream
    • 6.1.1 Import Value and Volume
    • 6.1.2 Export Value and Volume
  • 6.2 Cheese And Curd
    • 6.2.1 Import Value And Volume
    • 6.2.2 Export Value And Volume
  • 6.3 Fermented Dairy Products
    • 6.3.1 Import Value And Volume
    • 6.3.2 Export Value And Volume
  • 6.4 Dairy Spreads
    • 6.4.1 Import Value and Volume
    • 6.4.2 Export Value and Volume

7 Market entry strategies

  • 7.1 Types of Entry Modes, by Market Entry Objectives
  • 7.2 Competition Analysis
  • 7.3 Pricing Strategy
  • 7.4 Supply Chain Analysis
  • 7.5 Market Entry: The Administration
    • 7.5.1 How to Register a Company
    • 7.5.2 Registration Processes
      • Ministries Involved
      • Criteria and Conditions
    • 7.5.3 List of Forms and Documents
    • 7.5.4 Product Control Guidelines Specified by the Government

8 Future Of The Market