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Market Research Report
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990484

Qatar 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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Qatar 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

The Qatari dairy products market was valued at USD 623.38 million in 2020, and it is projected to witness a CAGR of 6.58% during the forecast period, 2021-2026.

Qatar has been majorly impacted by the COVID-19 pandemic, affecting its economy, supply chain, and trade, despite the increased government spending to ease the economic impact of COVID-19. The Qatari government took several preventive measures to prevent the spread of COVID-19, such as the closing of businesses, schools, and universities and social distancing.

Correspondingly, the food and beverage industry of the country witnessed an unexpected downfall due to a disturbed supply chain. The dairy industry of the country witnessed such a defeat due to transportation restrictions and labor shortages. Consequently, the suppliers were dumping milk due to supply chain disruption and falling consumer demand. However, as the dairy industry of the country moved toward self-sufficiency, 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), are encouraging consumers to purchase healthier products, which is directly fueling the dairy market.

Dairy-based products are naturally high in calcium content, and hence, they are perceived as nutritional snacking options. The health benefits of probiotic drinks, especially their ability to improve digestion and the immune system, are attracting consumers across all age groups to the market.

Key Market Trends

Increase in Livestock in Qatar

In addition to the initiatives to produce and store food staples, several companies are undertaking projects to increase in-country livestock numbers and strengthen the supply chain of dairy and meat products. Qatar has achieved remarkable progress in the field of self-sufficiency in dairy products since May 2017. The country's self-sufficiency in dairy products stood at 84% compared to 28% in May 2016, owing to the increasing number of cattle. Previously, for dairy products, the country relied on imports for 72% of its supply. Moreover, apart from the increasing government attention to support animal breeders, the private sector played a huge role in increasing livestock through its investment and new projects in the country. According to the MME (Ministry of Municipality and Environment), presently, there are around 1.5 million livestock in Qatar (August 2018), including 40,000 cows and 70,000 camels. In 2018, the Qatari government allocated QAR 105 million (approximately USD 28.4 million) of its budget for supporting the agriculture, fish, and livestock sector, with a view to achieving food demand in the coming years, which is likely to support the market.

The Cheese Segment Held a Significant Share in the Market

The demand for higher-quality, better-tasting, and healthier wholesome quality cheese has become a point of concern among consumers. However, high-calorie content in them is one of the major restraints, thus, creating a huge space for manufacturers to innovate. Moreover, vegan cheese made using various nuts is vying the retail aisle of dairy cheese in the forecast period. Additionally, cheese production in Qatar is lagging behind domestic consumption, though necessary actions are taken by the government to produce locally, and between 2017 and 2018, production from Qatari farms, including dairy products, quadrupled, satisfying nearly 90% of the domestic demand. However, imports continue to increase as local production is insufficient in meeting the domestic demand for cheese. For instance, in 2020, the United States exported around USD 4.4 million (803 metric ton) worth of cheese to Qatar, as stated by the USA Cheese Guild.

Competitive Landscape

The Qatari dairy products market is a fragmented market and comprises regional and international competitors. The market is dominated by players like Nestle SA, Dandy Company Limited, Baladna, Ghadeer Dairy, Gulf Food Production, and others. The leading players in the dairy products market in this country enjoy a dominant presence across the country. Brand loyalty is a high impact factor, with the features being a prime parameter. Due to the increasing demand for dairy products in the country, companies operating in the international markets, especially GCC countries, have plans to expand their presence in the country. Moreover, some of the players are expanding production in the country to capture the increasing demand. For instance, in March 2019, to meet the local demand for dairy products, the Arab Qatari Company for Dairy Production (Ghadeer) decided to expand its fresh milk production with additional 300 cattle.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Product Code: 71916

TABLE OF CONTENTS

1 INTRODUCTION

  • 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 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Cheese
    • 5.1.2 Milk
    • 5.1.3 Yogurt
    • 5.1.4 Butter
    • 5.1.5 Cream
    • 5.1.6 Other Product Types
  • 5.2 By Distribution Channel
    • 5.2.1 Hypermarkets/Supermarkets
    • 5.2.2 Convenience Stores
    • 5.2.3 Online Retailers
    • 5.2.4 Other Distribution Channels

6 COMPETITIVE LANDSCAPE

  • 6.1 Market Share Analysis
  • 6.2 Most Active Companies
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Royal FrieslandCampina NV
    • 6.4.2 Arla Foods amba
    • 6.4.3 Yasar Holding AS
    • 6.4.4 Danone SA
    • 6.4.5 Groupe Lactalis
    • 6.4.6 Al Maha
    • 6.4.7 Nestle SA
    • 6.4.8 Baladna
    • 6.4.9 Ghadeer Dairy
    • 6.4.10 Gulf Food Production

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 IMPACT OF COVID-19 ON THE MARKET