6th December,
2018- 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.
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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.
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