Lactase Market Report 2023, Product Scope, Business 2023 to 2030 | Forecast & Analysis | Chr. Hansen Holding A/S, Kerry Inc., Koninklijke DSM N.V., Novozymes

Published March 1, 2023

In a recent research named Lactase Market: Opportunity Analysis and Future Assessment 2023-2030,” Reports & Insights provides an extremely comprehensive and detailed overview of the market’s size, potential, and deep comprehension of the data targeted toward the market’s development. The market size is predicted from 2023 through 2030, with 2021 serving as the base year for the analysis. The report also includes in-depth market knowledge, a conceptual framework, and current market trends in addition to a precise textual and graphical representation of the market over the forecast period of 2023–2030. These features were added to make the report even more intriguing. It was created by recognized market experts using approved research methodologies and tried-and-true analytical techniques

In 2019, the global lactase market is accounted for more than US$ 200 Mn and expected to grow at a significant CAGR of 6.4% during the forecast period of 2022 to 2030.

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Lactase Introduction

Lactase, also known as lactase-phlorizin hydrolase, can be comprehended as an enzyme present in the bowels of mammalian that stimulates the dissection of lactose (milk sugar) in the form of galactose and plain sugars glucose. In humans, lactase is specifically found in copious amounts during the period of infancy.

The lactase enzymes excavated from bacteria sources have been utilized for the process of lactose hydrolysis owing to a number of benefits such as higher activity and balance of the fermentation and enzymes. Lactase is extensively utilized in the food and beverages industry, and also finds application in dairy products as it utilizes the lactose content and makes the products lactose-free.

Lactase Market Dynamics

In the modern day and age, there is a rapid rise in people all across the world who are suffering from lactose intolerance which is resultantly positively fueling the demand of lactose-free dairy products worldwide. This is considered as a leading factor expected to boost the growth of the global lactase market in the forthcoming years.

In addition to that, the brisk surge in awareness about healthy lifestyle and entire well-being among individuals all around the world is also encouraging the adoption of lactose-free products and lactase pills, which helps individual in easing symptoms of irritable bowel syndrome (IBS), if taken before consumption of dairy products.

Also, the liquid lactase is proven to improve functionality and high activity, which is further accelerating its demand across the global markets. On top of that, lactase finds comprehensive application in the pharmaceutical industry for developing tonics and syrups. Attributing to which, the global Lactase Market Size is projected to witness significant growth in the coming years.

Some of the key questions answered in this report: 

  • Which are the five top players of the Lactase Market?
  • How will the Lactase Market change in the upcoming years?
  • Which product and application will take a share of the Lactase Market?
  • What are the drivers and restraints of the Lactase Market?
  • Which regional market will show the highest growth?
  • What will be the CAGR and size of the Lactase Market throughout the forecast period?
  • What is the current market size, what will the market size be in 2030 and what will the growth rate be?
  • What are the challenges to grow in the market?
  • What are the market opportunities and challenges faced by the key vendors?
  • Who are the major competitors and what is their strategy?
  • What are the barriers to entry for new players in the market?

Lactase Market Segmentation

The global lactase market is segmented on the basis of source, form, application, and region

By Source

  • Fungi
  • Yeast
  • Bacteria

By Form

  • Dry
  • Liquid

By Application

  • Food & beverage
  • Milk
  • Cheese
  • Yogurt
  • Ice-cream
  • Others
  • Pharmaceutical products & dietary supplements

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Lactase Market Key Players

The key participating players of the global lactase market include Chr. Hansen Holding A/S, Kerry Inc., Koninklijke DSM N.V., Novozymes, Merck KGaA, DuPont, Senson, Amano Enzyme Inc., Advanced Enzyme Technologies, Enmex, among others.

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