Qatar Dairy Products Market Forecast & Opportunities, (2021 - 2026)
The Qatar 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 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 closing of businesses, schools, and universities and social distancing.
Correspondingly, the food and beverage industry of the country witnessed an unexpected downfall due to 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.
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During 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 studied.
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Last Update : Feb 26, 2021 3:49 AM
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