Saudi Arabia Dairy Enzymes Market to grow with a CAGR of 9.83% through 2029
Increasing healthcare infrastructure and
a supportive regulatory environment are the major drivers for the Saudi Arabia Dairy
Enzymes Market.
According to TechSci Research report, “Saudi
Arabia Dairy Enzymes Market Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2019-2029”, Saudi Arabia Dairy Enzymes Market was valued at USD 100.24 Million in 2023 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 9.83% through 2029. This can be due to collaborations and
partnerships among leading companies with a diverse approach to merge the
expertise of individual companies and to strengthen their position in the market.
Lactose intolerance awareness is one of the drivers that can significantly
influence the demand for dairy enzymes, particularly lactase, in the dairy
industry. As awareness of
lactose intolerance grows, more individuals are being diagnosed with this
condition. Lactose intolerance is a common digestive disorder where the body is
unable to properly digest lactose, the sugar found in milk and dairy products.
People with lactose intolerance often experience digestive discomfort after
consuming lactose-containing products. This awareness of lactose intolerance
encourages those affected to seek out lactose-free or low-lactose dairy
alternatives. With more people becoming aware of their lactose intolerance,
there is a growing demand for dairy products that cater to their specific
dietary needs. This demand includes products that are free from or have reduced
levels of lactose. Dairy enzymes, such as lactase, are used to break down
lactose into simpler sugars, making it possible to create dairy products that
are more easily digested by individuals with lactose intolerance. Dairy
companies are increasingly offering lactose-free or low-lactose versions of
their products, such as lactose-free milk, yogurt, and cheese. These products
are made possible using lactase enzymes, which break down lactose into its
digestible components, glucose, and galactose. As a result, individuals with
lactose intolerance can enjoy dairy products without the associated digestive
issues.
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Price
volatility is a challenge in the Saudi Arabia Dairy Enzymes Market, as it is in
many industries where raw materials and production costs are subject to
fluctuations. Enzymes are often produced from microbial sources or through
fermentation processes. Fluctuations in the prices of raw materials, such as
agricultural feedstocks and media for microbial fermentation, can impact the
cost of producing enzymes. The energy required for enzyme production, including
fermentation and processing, can be a significant cost factor. Variations in
energy prices can affect production costs and, in turn, the pricing of enzymes.
Enzyme manufacturers in Saudi Arabia often import raw materials, machinery, and
equipment. Changes in currency exchange rates can impact on the cost of
imports, which can, in turn, affect the overall production costs and pricing of
enzymes. Intense competition in the dairy enzymes market can lead to price wars
and downward pressure on prices. Enzyme manufacturers may lower prices to
maintain or gain market share, impacting their profitability. Economic factors
such as inflation, interest rates, and overall economic stability can influence
production and operating costs. Economic uncertainties can result in price
fluctuations for enzyme products.
Saudi Arabia Dairy
Enzymes Market is segmented based on Type,
Application, Source, and by region. Based
on the Application, Saudi Arabia Dairy Enzymes Market is segmented into Milk,
Cheese, Ice-Cream & Desserts, Yogurt, Whey, Infant Formula and Others. Whey
is generated during the production of cheese, yogurt, and other dairy products.
When milk is curdled or coagulated using enzymes like rennet or acid, the solid
curd and liquid whey are separated. Whey contains water, lactose, proteins,
minerals, and small amounts of fat, which are water-soluble components of milk.
They were traditionally considered a byproduct of cheese production and was
sometimes discarded or used as animal feed. However, it has gained recognition
for its nutritional value and versatility. Whey contains concentrated proteins,
including whey protein concentrate and whey protein isolate. These proteins are
known for their high-quality amino acid profile and rapid digestibility. Whey
protein is widely used in the sports nutrition and functional food industries. They
also contain lactose, the sugar found in milk. Lactose is often utilized in
various food products, and its enzymatic breakdown is crucial in the production
of lactose-free or low-lactose dairy products for individuals with lactose
intolerance. Lactase enzymes can be used to break down lactose in whey, making
it more digestible. Whey contains minerals such as calcium and potassium, which
can be valuable in food applications. Additionally, whey can be a source of
certain B vitamins.
Based on Region, Northern & Central held the largest share
in the Saudi Arabia Dairy Enzymes Market.
These regions may have a higher
concentration of research and development facilities, universities, and
industry experts focusing on dairy science and technology. This fosters
innovation and the application of advanced technologies, including dairy
enzymes. The Northern and Central regions typically have a more developed
retail and foodservice industry, which includes restaurants, cafes, and
supermarkets. These establishments use dairy products extensively, and the
quality and variety of dairy offerings are critical, making the use of dairy
enzymes a common practice. Regulatory standards and compliance may also
influence the adoption of dairy enzymes. The Northern and Central regions may
have more stringent regulatory requirements or better enforcement, which can
lead to a higher adoption of quality-enhancing measures like the use of
enzymes.
Some of the major companies
operating in the Saudi Arabia Dairy
Enzymes Market include:
- Dow Saudi Arabia
- Novozymes SA (Pty) Ltd
- Kerry
Group
- Biocatalysts
Ltd.
- Futura Ingredients
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“The Saudi Arabia dairy enzymes
market is witnessing robust growth driven by increasing demand for dairy
products, growing awareness regarding the benefits of enzyme-enhanced products,
and technological advancements in enzyme production. Consumer preferences for
healthier and more sustainable food options are fueling the adoption of enzymes
in dairy processing. Moreover, the rising dairy consumption, coupled with the
expanding food and beverage industry, is boosting market growth. However,
challenges such as stringent regulations, limited availability of skilled
labor, and fluctuating prices of raw materials pose hurdles to market
expansion. Despite these challenges, the market is expected to continue its
upward trajectory, driven by innovation and strategic collaborations within the
industry.," said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based Global management consulting
firm.
Saudi Arabia Dairy Enzymes Market by Type
(Lactase, Chymosin, Microbial Rennet, Lipase and Others), By Application (Milk,
Cheese, Ice-Cream & Desserts, Yogurt, Whey, Infant Formula and Others), By Source (Plant and Animal & Microorganisms), By Region, By Competition Forecast &
Opportunities, 2019-2029F has evaluated the future growth potential
of Saudi Arabia Dairy Enzymes Market and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide innovative market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in Saudi
Arabia Dairy Enzymes Market.
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