16th
April 2019 - The
Camel Milk Market is expected to grow at a CAGR of 6.84% due to the increase in
the number of dairies producing camel milk and massive demand from Asia Pacific
and Middle East region. Increasing production from countries such as Australia,
China and Japan is expected to drive market growth over the forecast period.
In addition, higher nutritional value and increasing awareness among
consumers in regards to health advantages of regular consummation of camel milk
are propelling the market demand in recent years. Globally, the market is
predicted to generate massive revenue over next seven years, providing numerous
opportunities for market players to invest for research and development in the
camel milk market.
Increase in herd size boosts the overall milk production, which is
considered as common practice adopted by local manufactures, thus fostering
market growth. Presence of large number of dairies producing camel milk,
particularly in Australia is expected to fuel market expansion in the region.
Increasing import and export activities for condensed camel milk is anticipated
to favor market growth as well. Key industry participants such as Australian
Wild Camel Corporation is expanding horse herd size to two thousand owing to
constant demand from consumers. Increasing awareness among consumers in regards
to health benefits of camel milk are expected to favor market growth in the
upcoming years.
Increasing demand for camel milk by diabetic patients is one of the critical
factor for sustained market growth, thereby offering lucrative growth
opportunities for industry players to invest in research & development of
dietary supplements involving camel milk extracts. Growing popularity among
older population is estimated to expand customer base for camel milk market.
Increase in the number of diabetic patients across the globe is projected to
boost market demand in the near future. Camel milk consists of fifty-two units
of insulin per liter. A large quantity of insulin is vital during the treatment
of type 1 diabetes. Insulin content in camel milk is higher than any other
source. These factors anticipate in stimulating the market demand for camel
milk over the next seven years.
The market is broadly categorized into two major segments based on the
product type such as fresh camel milk and processed camel milk. The processed
camel milk is considered as one of the fastest growing segment in the camel
milk market with substantial revenue generation in the last few years. Growing
popularity of the processed camel milk segment is attributed to the rise in the
import and export activities. The fresh camel milk segment has also witnessed
substantial growth owing to the cost efficiency and easy availability in the
Asia Pacific region.
The market is divided by region as North America, Europe, Asia-Pacific,
Latin America and Africa. North America has shown major growth in the recent
years owing to the rise in implementation of latest techniques such as
Intensive animal farming or industrial livestock production, health
consciousness among general population, substantial increase in the diabetic
population in the region and existence of well-established e-commerce sector.
Asia-Pacific region is predicted to hold major market share in the camel milk
market with massive growth in forecast period.
Countries such as India, China and Australia are leading the Asia-Pacific
market with increasing production in the region, strong economic growth and
significant investment by leading industry players considering potential growth
opportunities in the region. The key players in the camel milk market are Al
Ain Dairy Co., Camelicious Ltd., Desert Farms Co., Aadvik Foods, Inc., The
Camel Milk Company, The Camel Soap Factory Ltd., and Vital Camel Milk Ltd.
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