Milk - Kuwait | Statista Market Forecast

Milk - Kuwait

Kuwait

Highlights

Revenue in the Milk market amounts to US$287.20m in 2024. The market is expected to grow annually by 7.34% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$71bn in 2024).
In relation to total population figures, per person revenues of US$66.03 are generated in 2024.
In the Milk market, volume is expected to amount to 242.20m kg by 2029. The Milk market is expected to show a volume growth of 4.1% in 2025.0.
The average volume per person in the Milk market is expected to amount to 45.4kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Market in Kuwait is facing minimal growth due to factors such as limited demand and competition from imported dairy products. However, increasing health consciousness and convenience of online services may drive growth in the future.

Customer preferences: Consumers in Kuwait are increasingly turning towards plant-based milk alternatives, such as almond, soy, and oat milk, in response to growing health and sustainability concerns. This trend is also influenced by the rising vegan and lactose-intolerant population in the country. Additionally, there has been a demand for organic and locally sourced dairy products, as consumers prioritize quality and freshness. These shifts in consumer preferences are driven by the cultural emphasis on health and wellness, as well as the growing awareness of environmental impact.

Trends in the market: In Kuwait, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and more sustainable options. This trend is driven by consumer demand for organic and plant-based milk products, as well as a growing awareness of the environmental impact of traditional dairy farming. As a result, industry stakeholders are investing in new production methods and expanding their product portfolios to cater to this demand. Additionally, the government is promoting local milk production to reduce reliance on imports, which could lead to potential implications for international dairy companies operating in the market. These trends are expected to continue on an upward trajectory, making it crucial for industry players to adapt and innovate to stay competitive.

Local special circumstances: In Kuwait, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's hot climate and its predominantly Muslim population. As a result, there is a high demand for refrigerated and shelf-stable milk products. Additionally, the government's strict regulations on food imports and the country's limited agricultural resources have led to an increased focus on locally produced dairy products. This has created a unique market dynamic, with a strong emphasis on quality and freshness in the milk market.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Kuwait is affected by macroeconomic factors such as consumer spending, population growth, and economic stability. As a high-income country with a stable economy, Kuwait has a strong demand for dairy products and eggs, driven by the growing population and increasing disposable income. Additionally, government initiatives to promote healthy eating habits and investments in the dairy industry are further boosting market growth. However, the market is also impacted by global economic trends, such as fluctuations in commodity prices and trade policies, which can affect the cost of production and ultimately impact market performance.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.