Lactase Market Overview:
According to the latest report by IMARC Group, titled “Lactase Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on lactase market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global lactase market is expected to exhibit a growth rate (CAGR) of 6.1% during 2023-2028.
Lactase, also called lactase-phlorizin hydrolase, is a metalloenzyme that hydrolyzes lactose into easily digestible sugars, such as galactose and glucose. Lactase enzymes are produced naturally in the small intestine of humans and other mammals, although they can also be manufactured artificially. Therefore, it is primarily utilized in the food and beverages industry to make dairy products lactose-free by reducing or eliminating the lactose content.
Market Trends:
The market is primarily driven by the growing incidences of gastrointestinal disorders due to lactose intolerance among the masses. In addition to this, the rising health-consciousness among the masses resulting in an increased demand for lactose-free dairy products is also providing an impetus to the market. Moreover, continual product innovations, along with the growing portfolio of customized products for the lactose-intolerant individuals, are propelling the market creating a positive outlook for the market. Some of the other factors contributing to the market growth include rapid urbanization, the inflating disposable incomes of the masses and extensive research and development (R&D) activities conducted by key players.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Advanced Enzyme Technologies
- Antozyme Biotech Pvt Ltd
- Biolaxi Corporation
- Hansen Holding A/S
- Creative Enzymes
- DuPont de Nemours Inc.
- Kerry Inc.
- Koninklijke DSM N.V.
- Merck KGaA
- Novozymes A/S
- Polttimo Oy
Lactase Market Segmentation:
Our report has categorized the market based on region, source, form and application.
Source:
- Fungi
- Yeast
- Bacteria
Form:
- Powder
- Liquid
Application:
- Food and Beverages
- Milk
- Cheese
- Yogurt
- Others
- Dietary Supplements
- Pharmaceuticals
Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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