Lactase Enzymes Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2351 | Last Updated On: Oct 25 2022 | Available Formats

> Global Lactase Enzymes Market Expected to reach at a high CAGR of 5.1% by 2029: DataM Intelligence

Global Lactase Enzymes Market is segmented By Type (Fungal Lactase, Neutral Lactase), By Form (Powder, Liquid), By Application (Dairy, Food & Beverages, Pharmaceuticals, Animal Feed, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

The Global "Lactase Enzymes Market" is expected to grow at a high CAGR of 5.1% during the forecasting period (2022-2029).

Lactase Enzymes Market Scope

Metrics

Details

Market CAGR

5.1%

Segments Covered

By Type, By Form, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Lactase Enzymes are required for specific biochemical reactions in the human body. These biochemical reactions break down the lactose sugar in milk and milk products. These are commercially used in the production of ice creams, sweetened, flavored, and condensed milk. The potential benefits of consuming lactase enzyme-based products include supplements include reducing symptoms associated with lactose intolerance, minimizing gas and blotting, reducing cramps and abdominal pain, and helping to digest foods and diary.

Market Dynamics:

The increasing consumer population's presence with lactose intolerance across the globe is the primary factor driving the lactase enzymes market globally during the forecast period. According to the U.S National Library for Medicin study, more than 65% of the global population lost its ability to digest lactose past infancy. Increasing demand for healthier foods and lactose-free dairy products is expected to boost huge market demand for lactase enzymes globally during the forecast period. Additionally, the processed food manufacturers growing investments in developing lactose-free products to attract the wider lactose indolence population are expected to boost lactase enzymes' consumption. The lactose intolerance population is increasingly utilizing supplements to overcome the symptoms associated with lactose intolerance, which is predicted to boost the consumption of lactase enzymes globally.

However, the high-cost nature of the raw material and its inability to work under high temperatures are major factors hindering the growth of the lactase enzymes market globally during the forecast period.

Segment Analysis

The global lactase enzymes market is segmented on application into dairy, food & beverages, pharmaceuticals, animal feed, etc.

The dairy segment is expected to dominate the global lactase enzymes market owing to the rise in demand for lactose-free dairy products and the rise in the adoption of lactose-free dairy products by consumers across the globe. Dairy companies worldwide focus on improving their presence and market share through innovative product launches with the label lactose-free. In February 2020, Hersey Dairy launched “milk for everyone,” which is 100% real jersey milk with zero lactose content. The jersey milk is added with lactase enzyme to break down the lactose content in the milk.  

Geographical Presentation

By region, the global lactase enzymes market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa.

North America is expected to dominate the global lactase enzyme market owing to huge consumer populations inclined towards lactose intolerant and a rise in demand for lactose-free dairy products. Increasing demand for lactose-free food and beverage products is further expected to boost the market for lactase across North America during the forecast period. The majority of the lactase enzyme companies are based in the United States and providing it as a raw material in regular production activities. Additionally, a significant increase in the health-oriented consumer population and expected to boost huge market demand for supplements across the region during the forecast period.

Competitive AnalysisThe 3-4 companies dominate the global lactase enzyme markets, and the majority of these companies have a presence in the food and feed ingredients industry.

The companies in the lactase enzyme market focus on improving the market presence through innovative product developments to meet the pharmaceutical and dairy industries' demands.

  • In March 2020, Novozymes launched Saphira Fiber, a lactase enzyme, to increase fibers' content while reducing sugar is fermented and non-fermented dairy products.
  • In March 2018, DSM launched Maxilact Smart lactase enzyme in the market, which enables a significant increase in production efficiency and capacity, allowing dairy producers to meet the increasing demand for lactose-free products.

Some of the key players in the global lactase enzyme market include Novozymes A/S, DuPont Nutrition & Biosciences, DSM is among many others.

Why Purchase the Report

  • Visualize the composition of the global lactase enzymes market in terms of type, form, application highlighting the key commercial assets and players.
  • Identify commercial opportunities in the global lactase enzymes market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data f - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

**The global lactase enzymes report will provide approximately 58 market data tables, 52 figures, and 196 pages.

Target Audience

  • Investors/Investment Bankers
  • Food Ingredient Manufacturers
  • Distributors
  • Research Organizations

Frequently Asked Questions

What is the Projected CAGR value of the Functional Pet Food Market?

Functional Pet Food Market is expected to grow at a CAGR of 5.1% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Functional Pet Food Market during 2022-2029.

Which is the fastest growing region in the Functional Pet Food Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

Related Topic's

Digestive Enzymes Market

Food Enzymes Market

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