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.
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.
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.
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
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Lactase Market, by Application
1.4.2 LAMEA Lactase Market, by Source
1.4.3 LAMEA Lactase Market, by Form
1.4.4 LAMEA Lactase Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Approvals and Trials
3.2.5 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. LAMEA Lactase Market by Application
4.1 LAMEA Food & Beverages Market by Country
4.2 LAMEA Lactase Market by Food & Beverages Type
4.2.1 LAMEA Milk Market by Country
4.2.2 LAMEA Yogurt Market by Country
4.2.3 LAMEA Cheese Market by Country
4.2.4 LAMEA Ice cream Market by Country
4.2.5 LAMEA Others Market by Country
4.3 LAMEA Pharmaceutical Products & Dietary Supplements Market by Country
Chapter 5. LAMEA Lactase Market by Source
5.1 LAMEA Yeast Market by Country
5.2 LAMEA Fungi Market by Country
5.3 LAMEA Bacteria Market by Country
Chapter 6. LAMEA Lactase Market by Form
6.1 LAMEA Liquid Market by Country
6.2 LAMEA Dry Market by Country
Chapter 7. LAMEA Lactase Market by Country
7.1 Brazil Lactase Market
7.1.1 Brazil Lactase Market by Application
7.1.1.1 Brazil Lactase Market by Food & Beverages Type
7.1.2 Brazil Lactase Market by Source
7.1.3 Brazil Lactase Market by Form
7.2 Argentina Lactase Market
7.2.1 Argentina Lactase Market by Application
7.2.1.1 Argentina Lactase Market by Food & Beverages Type
7.2.2 Argentina Lactase Market by Source
7.2.3 Argentina Lactase Market by Form
7.3 UAE Lactase Market
7.3.1 UAE Lactase Market by Application
7.3.1.1 UAE Lactase Market by Food & Beverages Type
7.3.2 UAE Lactase Market by Source
7.3.3 UAE Lactase Market by Form
7.4 Saudi Arabia Lactase Market
7.4.1 Saudi Arabia Lactase Market by Application
7.4.1.1 Saudi Arabia Lactase Market by Food & Beverages Type
7.4.2 Saudi Arabia Lactase Market by Source
7.4.3 Saudi Arabia Lactase Market by Form
7.5 South Africa Lactase Market
7.5.1 South Africa Lactase Market by Application
7.5.1.1 South Africa Lactase Market by Food & Beverages Type
7.5.2 South Africa Lactase Market by Source
7.5.3 South Africa Lactase Market by Form
7.6 Nigeria Lactase Market
7.6.1 Nigeria Lactase Market by Application
7.6.1.1 Nigeria Lactase Market by Food & Beverages Type
7.6.2 Nigeria Lactase Market by Source
7.6.3 Nigeria Lactase Market by Form
7.7 Rest of LAMEA Lactase Market
7.7.1 Rest of LAMEA Lactase Market by Application
7.7.1.1 Rest of LAMEA Lactase Market by Food & Beverages Type
7.7.2 Rest of LAMEA Lactase Market by Source
7.7.3 Rest of LAMEA Lactase Market by Form
Chapter 8. Company Profiles
8.1 Kerry Group PLC
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.5.3 Geographical Expansions:
8.2 Koninklijke DSM N.V.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Acquisition and Mergers:
8.3 DuPont de Nemours, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Approvals and Trials:
8.4 Novozymes A/S (Novo Holdings A/S)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisitions and Mergers:
8.4.5.2 Product Launches and Product Expansions:
8.5 Chr. Hansen Holding A/S
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segment & Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.6 Advanced Enzyme Technologies Limited
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Research & Development Expenses
8.7 Oenon Holdings, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental Analysis
8.8 Mitushi Biopharma
8.8.1 Company Overview
8.9 Natural Factors
8.9.1 Company Overview
8.10. Amano Enzyme, Inc.
8.10.1 Company Overview
Companies Mentioned
- 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.
Methodology
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