Global Camel Milk Market 2018-2022
About Camel Milk
The report contains the segmentation of the market based on product and geography. It also gives an insight into the key leading countries based on the consumption of camel milk.
Technavio’s analysts forecast the global camel milk market to grow at a CAGR of 6.84% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global camel milk market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of camel milk.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Camel Milk Market 2018-2022
Technavio recognizes the following companies as the key players in the global camel milk market: Al Ain Dairy, Camelicious, Desert Farms, IDJ, The Camel Milk, and VITAL CAMEL MILK
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is launch of new products based on camel milk. Players in the market are coming up with new products based on camel milk, such as chocolates and ice creams, to capitalize on the increasing demand for camel milk among consumers. The demand for camel milk products is expected to remain high during the forecast period due to increasing awareness of health benefits of camel milk among consumers.”
According to the report, one of the major drivers for this market is Increasing camel milk production. The increasing demand for camel milk among consumers has led to players to ramp up their production. The number of dairies producing camel milk is also increasing. It has led various companies to invest in increasing the herd size of the camels to increase the production of milk. For instance, the Australian Wild Camel Corporation is planning to increase its herd size from 450 camels to 2,500 camels over the next two years. The number of dairies producing camel milk has increased to 10 in Australia during the past two years. The is expected to increase during the forecast period due to the increasing investment in the market. The camel milk production is also increasing in African countries such as Kenya and Ethiopia, which will drive the market during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Increasing competition from plant-based milk alternatives. Camel milk faces a stiff competition from plant-based milk alternatives such as soy milk, almond milk, coconut milk, and others. These plant-based alternative dairy drinks are primarily consumed by vegans, lactose or dairy intolerants, and people with milk allergies. These drinks have low-fat and low cholesterol levels. They are also witnessing increased demand owing to the increasing awareness about medical benefits of such products, rising health consciousness among consumers, and increasing vegan population.
Al Ain Dairy, Camelicious, Desert Farms, IDJ, The Camel Milk, and VITAL CAMEL MILK
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