Lactase - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Lactase Market is accounted for $207.58 million in 2019 and is expected to reach $398.68 million by 2027 growing at a CAGR of 8.5% during the forecast period. Increasing cases of lactose intolerance and increasing demand from lactose-free dairy product manufacturers and evolving lifestyle and dietary habits are the major factors propelling market growth. However, shifting preferences toward dairy-free alternatives are hampering the market growth.
Lactase is an enzyme proficient in hydrolyzing lactose into glucose and galactose. Lactase is normally used to catalyze the hydrolysis of lactose in the food industry for making lactose reduced/free products e.g. yogurt, milk, cream and ice cream.
Based on the form, the liquid segment is likely to have a huge demand due to less stable than the solid form, although it may have superior activity and improved functionality than the powder form. It is directly used in the liquid form or sprayed and absorbed on a solid carrier. Among all applications, the liquid form of lactase enzyme is widely used in the food & beverage industry and pharmaceutical applications for products, such as syrups. Liquid lactase enzyme accelerates chemical, biological, and metabolic reactions by altering a reaction's efficiency and results in making the pharmaceutical product more efficient for human use.
By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the growing awareness about lactose intolerance among customers and expansion of companies providing lactose-free products in the region are some of the major factors driving the growth of lactase in the region.
Some of the key players profiled in the Lactase Market include Advanced Enzyme Technologies Limited, Amano Enzyme Inc. , Calza Clemente, Chr. Hansen Holding A/S, DSM Chemicals, DuPont de Nemours and Company, Kono Chem, Merck KGaA (Sigma-Aldrich), Natural Factors Inc., Nature’s Way Products, LLC., Novozymes, Senson, Specialty Enzymes & Biotechnologies, Sternenzyme, Zhongnuo BioTech, Koninklijke DSM N.V., and Infinita Biotech Private Limited.
• Acid Lactase
• Neutral Lactase
• Liquid (Drops)
Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
• Food & Beverage
• Animal Feed
• Cosmetics and Personal Care
• Dietary Supplements
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Lactase Market, By Product
5.2 Acid Lactase
5.3 Neutral Lactase
6 Global Lactase Market, By Source
7 Global Lactase Market, By Form
7.2 Liquid (Drops)
8 Global Lactase Market, By Sales Channel
8.3 Manufacturer/Distributor/Service Provider
9 Global Lactase Market, By Application
9.2 Food & Beverage
9.2.5 Other Foods & Beverages
22.214.171.124 Infant Milk Formula
126.96.36.199 Sour Cream
188.8.131.52 Milk Powder
184.108.40.206 Functional Food
9.4 Animal Feed
9.5 Cosmetics and Personal Care
9.7 Dietary Supplements
10 Global Lactase Market, By Geography
10.2 North America
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.5 Other Key Strategies
12 Company Profiling
12.1 Advanced Enzyme Technologies Limited
12.2 Amano Enzyme Inc.
12.3 Calza Clemente
12.4 Chr. Hansen Holding A/S
12.5 DSM Chemicals
12.6 DuPont de Nemours and Company
12.7 Kono Chem
12.8 Merck KGaA (Sigma-Aldrich)
12.9 Natural Factors Inc.
12.10 Nature’s Way Products, LLC.
12.13 Specialty Enzymes & Biotechnologies
12.15 Zhongnuo BioTech
12.16 Koninklijke DSM N.V.
12.17 Infinita Biotech Private Limited
List of Tables
1 Global Lactase Market Outlook, By Region (2018-2027) ($MN)
2 Global Lactase Market Outlook, By Product (2018-2027) ($MN)
3 Global Lactase Market Outlook, By Acid Lactase (2018-2027) ($MN)
4 Global Lactase Market Outlook, By Neutral Lactase (2018-2027) ($MN)
5 Global Lactase Market Outlook, By Source (2018-2027) ($MN)
6 Global Lactase Market Outlook, By Bacteria (2018-2027) ($MN)
7 Global Lactase Market Outlook, By Fungi (2018-2027) ($MN)
8 Global Lactase Market Outlook, By Yeast (2018-2027) ($MN)
9 Global Lactase Market Outlook, By Plants (2018-2027) ($MN)
10 Global Lactase Market Outlook, By Animal (2018-2027) ($MN)
11 Global Lactase Market Outlook, By Form (2018-2027) ($MN)
12 Global Lactase Market Outlook, By Liquid (Drops) (2018-2027) ($MN)
13 Global Lactase Market Outlook, By Dry (2018-2027) ($MN)
14 Global Lactase Market Outlook, By Pills (2018-2027) ($MN)
15 Global Lactase Market Outlook, By Capsules (2018-2027) ($MN)
16 Global Lactase Market Outlook, By Tablets (2018-2027) ($MN)
17 Global Lactase Market Outlook, By Sales Channel (2018-2027) ($MN)
18 Global Lactase Market Outlook, By Aftermarket (2018-2027) ($MN)
19 Global Lactase Market Outlook, By Manufacturer/Distributor/Service Provider (2018-2027) ($MN)
20 Global Lactase Market Outlook, By Application (2018-2027) ($MN)
21 Global Lactase Market Outlook, By Food & Beverage (2018-2027) ($MN)
22 Global Lactase Market Outlook, By Ice-Cream (2018-2027) ($MN)
23 Global Lactase Market Outlook, By Cheese (2018-2027) ($MN)
24 Global Lactase Market Outlook, By Milk (2018-2027) ($MN)
25 Global Lactase Market Outlook, By Yoghurt (2018-2027) ($MN)
26 Global Lactase Market Outlook, By Other Foods & Beverages (2018-2027) ($MN)
27 Global Lactase Market Outlook, By Hospital (2018-2027) ($MN)
28 Global Lactase Market Outlook, By Animal Feed (2018-2027) ($MN)
29 Global Lactase Market Outlook, By Cosmetics and Personal Care (2018-2027) ($MN)
30 Global Lactase Market Outlook, By Pharmaceutical (2018-2027) ($MN)
31 Global Lactase Market Outlook, By Dietary Supplements (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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