Middle East & Africa Lactose-free Butter Market Size & Outlook
The lactose-free butter market in Middle East & Africa is expected to reach a projected revenue of US$ 27.4 million by 2030. A compound annual growth rate of 4.9% is expected of Middle East & Africa lactose-free butter market from 2024 to 2030.
Revenue, 2023 (US$M)
$19.6
Forecast, 2030 (US$M)
$27.4
CAGR, 2024 - 2030
4.9%
Report Coverage
Middle East & Africa
Middle East & Africa lactose-free butter market, 2018-2030 (US$M)
MEA lactose-free butter market highlights
- The MEA lactose-free butter market generated a revenue of USD 19.6 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, organic was the largest revenue generating nature in 2023.
- Organic is the most lucrative nature segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 19.6 million |
| Market revenue in 2030 | USD 27.4 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Organic |
| Fastest growing segment | Organic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Organic |
| Key market players worldwide | LAND O'LAKES, Lactalis, Arla Foods, Ornua, Organic Valley, Deoleo SA, Miyoko’s Kitchen, Daiya Foods, Upfield, Challenge Dairy Products |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.3% of the global lactose-free butter market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 100.4 million by 2030.
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Lactose-free Butter Market Scope
Lactose-free butter market segmentation & scope
Type
Salted
Unsalted
Source
Cream
Skimmed
Whole
Countries
Argentina
Brazil
Denmark
France
Germany
Italy
Norway
Sweden
Spain
UK
Canada
Mexico
U.S.
Kuwait
Saudi Arabia
South Africa
UAE
China
India
Japan
Australia
South Korea
Thailand
Lactose-free Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa lactose-free butter market
Related regional statistics
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