MENA Region's Dairy Industry Set to Boom through 2029

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Researched by Industrial Info Resources (Sugar Land, Texas)--Countries across the Middle East and North Africa region (MENA) are pursuing improved conditions for food security--particularly dairy projects, which are driven by younger demographics and increased health-consciousness. Plant-based dairy products also are expected to see higher demand in the region.

The value of MENA's dairy market currently is estimated at US$18.9 billion, but it is forecasted to reach more than US$23.4 billion by 2029, representing a compound annual growth rate (CAGR) of 4.4% over the period.

Industrial Info is tracking more than US$22 billion worth of active and planned projects within MENA's Food & Beverage Industry. Subscribers to Industrial Info's Global Market Intelligence (GMI) Food & Beverage Project and Plant databases can click here for a list of detailed project reports, and click here for a list of related plant profiles.

Baladna Food Industries Company (Al Khawr, Qatar) is considering a proposal to build a dairy-processing plant in Algeria, which the company says could produce up to 1.7 billion liters of milk every year. Subscribers can learn more from a detailed project report and plant profile.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).