The Latin America, Middle East and Africa Dairy Protein Market would witness market growth of 7.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Dairy Protein Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $365 million by 2031. The Argentina market is showcasing a CAGR of 8.5% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 6.9% during (2024 - 2031).
Manufacturers can improve dairy protein-based products' taste and sensory attributes through encapsulation, microencapsulation, and flavour modulation techniques, making them more palatable to consumers. Emerging technologies in personalized nutrition, such as genetic testing and microbiome analysis, are driving the development of tailored products designed to meet individual dietary needs and health goals.
The market has grown significantly in recent years. Consumer awareness about the benefits of protein, especially in terms of health, muscle growth, and weight management, is a significant driver. Additionally, the demand for protein-rich sports nutrition products is increasing among athletes and fitness enthusiasts. The versatility of these in functional foods and beverages, owing to their emulsifying, foaming, gelling, and texturizing properties, has also contributed to market expansion.
The food and beverage industry in the LAMEA region is evolving rapidly, with a growing focus on functional foods and beverages that offer additional health benefits. These are incorporated into various products, including yogurts, milkshakes, and protein bars, to meet this demand. Brazil boasts a thriving food processing sector, which recorded a revenue of US$209 billion in 2022, representing a notable 16.6 percent growth compared to the previous year. Thus, all these factors are expected to drive the expansion of the regional market throughout the forecast period.
Based on Form, the market is segmented into Solid, and Liquid. Based on Type, the market is segmented into Whey protein, Milk Protein Concentrate, and Casein & derivatives. Based on Application, the market is segmented into Food & Beverages, Nutrition, Personal Care & Cosmetics, Feed, and Others. 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 Dairy Protein Market is Projected to reach USD 17.6 billion by 2031, at a CAGR of 4.9%
Based on Offering, the market is segmented into Software, and Services. Based on Software Type, the market is segmented into Computer Aided Engineering Simulation Software, Electromagnetic Simulation Software, Training/Human-in-the-Loop (HITL) Simulation Software, ADAS Simulation Software, and Others. Based on Services, the market is segmented into Simulation Development Services, and Training, Support & Maintenance. Based on Deployment, the market is segmented into On-Premise, and Cloud-based. Based on Application, the market is segmented into Designing & Development, Testing & Validation, Supply Chain Simulation, and Others. Based on End-user, the market is segmented into OEM, Automotive Component Manufacturers, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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