LAMEA Lactase Market

LAMEA Lactase Market Size, Share & Industry Trends Analysis Report By Application (Food & Beverages and Pharmaceutical Products & Dietary Supplements), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-13409 Publication Date: January-2023 Number of Pages: 93
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Market Report Description

The Latin America, Middle East and Africa Lactase Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).

Lactose-free options on the market, including cheese and yogurt, are largely successful, leading to an increase in domestic and imported lactase enzyme manufacturing. This is encouraging companies to introduce lactose-free milk-based ice creams and cream spreads, as well as other items, which is anticipated to fuel the expansion of the lactase market in the future.

The demand for lactase, an enzyme that lowers the amount of lactose in dairy products, is rising as health-conscious customers desire lactose-free goods, reduced in sugar, low in allergens, rich in protein, low in fat, and made from plants. In addition, more lactase is used in dairy products due to rising demand from a growing number of health-conscious customers for more nutritious and reasonably priced dairy options to encourage healthier lifestyles without sacrificing taste and texture.

As a result, dairy product producers use neutral lactase enzymes more frequently to create high-quality, flavorful, sugar- and lactose-free dairy products. Another factor boosting the development of the lactase market is the rising demand for lactase supplements among customers diagnosed with lactose intolerance.

Due to the growing number of tourists, the United Arab Emirates maintains to contribute significantly to food and beverage sales in the Middle East region. Many domestic and foreign food and beverage goods continue to be attracted to Dubai. The food and beverage business, one of the largest in the United Arab Emirates, is essential to the development and diversification of the regional economy as well as the economy of the host nation. Due to its expanding population and high average per capita income, the UAE has seen an increase in food and beverage products. The lactase market is anticipated to rise in the LAMEA region as a result of this expanding food and beverage sector.

The Brazil market dominated the LAMEA Lactase Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,585 Thousands by 2028. The Argentina market is estimated to grow a CAGR of 9.3% during (2022 - 2028). Additionally, The UAE market would experience a CAGR of 8.4% during (2022 - 2028).

Based on Application, the market is segmented into Food & Beverages and Pharmaceutical Products & Dietary Supplements. Based on Food & Beverages Type, the market is segmented into Milk, Yogurt, Cheese, Ice cream and Others. Based on Source, the market is segmented into Yeast, Fungi and Bacteria. Based on Form, the market is segmented into Liquid and Dry. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Lactase Market is Projected to reach USD 355.2 Million by 2028, at a CAGR of 6.5%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kerry Group PLC, Koninklijke DSM N.V., DuPont de Nemours, Inc., Novozymes A/S (Novo Holdings A/S), Chr. Hansen Holding A/S, Advanced Enzyme Technologies Limited, Oenon Holdings, Inc., Mitushi Biopharma, Natural Factors, and Amano Enzyme, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Application

  • Food & Beverages
    • Milk
    • Yogurt
    • Cheese
    • Ice cream
    • Others
  • Pharmaceutical Products & Dietary Supplements

By Source

  • Yeast
  • Fungi
  • Bacteria

By Form

  • Liquid
  • Dry

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Kerry Group PLC
  • Koninklijke DSM N.V.
  • DuPont de Nemours, Inc.
  • Novozymes A/S (Novo Holdings A/S)
  • Chr. Hansen Holding A/S
  • Advanced Enzyme Technologies Limited
  • Oenon Holdings, Inc.
  • Mitushi Biopharma
  • Natural Factors
  • Amano Enzyme, Inc.
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