LAMEA Protease Market Size, Share & Industry Trends Analysis Report By Application (Soap & Detergents, Food & Beverages, Animal Feed, Pharmaceuticals), By Source (Microbes, Animals, and Plants), By Country and Growth Forecast, 2022 - 2028

Market Report Description

The Latin America, Middle East and Africa Protease Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).

The massive growth of the nutritional supplement industry and rising consumer health awareness are to blame for the ongoing spike in the usage of whey protein supplementation for recreational purposes. The creation and development of protein-added snacks, meal replacements, and yogurt, together with consumer preference for whey protein products, all contribute to the market's explosive expansion.

Proteolytic enzymes are frequently used to enhance the absorption and digestion of dietary protein. PERT is frequently used to treat cystic fibrosis, pancreatic insufficiency, and some cancers such as pancreatic, colorectal, and stomach cancer, as well as to treat patients who have undergone gastric or pancreatic surgery. Those who lack or are deficient in proteolytic enzymes can benefit from taking supplements to help them effectively digest and break down dietary protein.

Proteolytic enzyme-rich meals and supplements can facilitate protein digestion. Animal studies have demonstrated that kiwifruit extract enhances the digestion and breakdown of proteins, particularly those found in meats, milk, cheese, fish, and eggs. Another study discovered that taking a supplement containing proteolytic enzymes significantly reduced bloating, belching, abdominal pain, heartburn, and appetite loss in persons with dyspepsia.

The UAE boasts a robust healthcare infrastructure as one of the Middle East's most economically advanced and diverse marketplaces. The government of the United Arab Emirates has made building a top-notch healthcare industry a primary priority, and thus, the industry has developed and grown tremendously over the past few years. The United Arab Emirates government aims to increase the number of people traveling there for medical treatment.

The Brazil market dominated the LAMEA Protease Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $90.2 Million by 2028. The Argentina market is experiencing a CAGR of 9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8.1% during (2022 - 2028).

Based on Application, the market is segmented into Soap & Detergents, Food & Beverages, Animal Feed, Pharmaceuticals, and Others. Based on Source, the market is segmented into Microbes, Animals, and Plants. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Protease Market is Predict to reach $5 Billion by 2028, at a CAGR of 5.5%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Advanced Enzyme Technologies Limited, Amano Enzyme, Inc., Associated British Foods PLC, BASF SE, Dupont De Nemours, Inc., Koninklijke DSM N.V., Novozymes A/S, Chr. Hansen Holding A/S, Biocatalysts Limited (Brain AG), and Dyadic International, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Application

• Soap & Detergents
• Food & Beverages
• Animal Feed
• Pharmaceuticals
• Others

By Source

• Microbes
• Animals
• Plants

By Country

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

Key Market Players

List of Companies Profiled in the Report:

• Advanced Enzyme Technologies Limited
• Amano Enzyme, Inc.
• Associated British Foods PLC
• BASF SE
• Dupont De Nemours, Inc.
• Koninklijke DSM N.V.
• Novozymes A/S
• Chr. Hansen Holding A/S
• Biocatalysts Limited (Brain AG)
• Dyadic International, Inc.