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Lactase Market

Lactase - Global Market Outlook (2019 -2027)

4.2 (33 reviews)
Published: November 2020 ID: SMRC20126
4.2 (33 reviews)
Published: November 2020 ID: SMRC20126

This report covers the impact of COVID-19 on this global market

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

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.  

Products Covered:
• Acid Lactase
• Neutral Lactase

Sources Covered:
• Bacteria
• Fungi
• Yeast
• Plants
• Animal  

Forms Covered:
• Liquid (Drops)
• Dry

Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider

Applications Covered:
• Food & Beverage
• Hospital
• Animal Feed
• Cosmetics and Personal Care
• Pharmaceutical
• Dietary Supplements 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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

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