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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