LYBIA – Libya’s dairy market is projected to grow at a compound annual growth rate of 4%, reaching a valuation of US$944.3 million by 2034, Fact.MR reports.
The report states that the market, currently valued at US$637.9 million in 2024, is expanding due to increasing consumer demand, strong trade relations, and improvements in retail distribution.
According to the findings, Libya remains heavily reliant on dairy imports due to limited domestic production caused by inadequate infrastructure and investment challenges.
The country has strengthened trade partnerships with the European Union, Tunisia, and Egypt to ensure a consistent supply of essential dairy products such as milk, yogurt, and cheese.
These agreements play a crucial role in meeting growing demand while addressing supply chain stability.
Fact.MR highlights that dairy products, particularly powdered milk, are frequently included in government food assistance programs to support food security efforts.
Powdered milk remains a popular choice due to its long shelf life and suitability for regions with inconsistent electricity supply.
Rising consumer awareness of the nutritional benefits of dairy, including calcium and essential vitamins, is also contributing to sustained demand.
In addition, companies operating in Libya’s dairy market are focusing on improving cold chain logistics and storage solutions to maintain product quality and expand sales.
Investments in modern retail infrastructure, including the development of supermarkets and hypermarkets in urban areas, are further enhancing consumer access to a diverse range of dairy products.
The report suggests that these advancements are expected to drive further growth in the sector.
According to Fact.MR, dairy producers are introducing a wider variety of products, including fortified milk, yogurt, and cheese, to cater to Libya’s evolving consumer preferences.
The country is also strengthening economic ties with key trading partners to maintain a steady supply of dairy imports.
The focus on enhancing distribution networks and reducing spoilage is attracting more market participants seeking growth opportunities in Libya.
A statement from the Whiba Holding Group revealed that its subsidiary, Safi Food Complex, began operations for its milk and juice production facility in February 2024.
The company claims that the facility is Libya’s largest and most technologically advanced production plant, aimed at meeting the country’s increasing dairy needs.
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