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 size. 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.
A Lactase is an enzyme found in the small intestine of mammals that catalyzes the hydrolysis of lactose to glucose and galactose. It breaks down lactose and is vital to the complete digestion of whole milk. It can also be bought as a food supplement and is added to milk to manufacture “lactose-free” milk products. Lactose is found in milk, and many individuals have difficulty digesting it due to a lack of lactase enzyme in their digestive system. Lactase can be added to milk or dairy products to break down lactose into its component sugars, glucose and galactose, making it easier for lactose-intolerant individuals to digest. It also produces other products, such as baked goods, candy, and baby food. It also finds extensive applications in the pharmaceutical industry to produce lactose-free medications.
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Market Trends:
The global market is majorly driven by the increasing awareness of lactose intolerance. In line with this, the rising demand for lactose-free dairy products is significantly contributing to the market. Furthermore, the growing awareness about the health benefits of lactase supplements is positively influencing the market. Apart from this, the escalating demand for lactase in the food and beverage industry to produce lactose-free products is catalyzing the market. Moreover, the increasing popularity of plant-based and vegan diets and the rising consumer preference for natural and organic products are propelling the market. Besides, the widespread utilization of the product in the biotechnology industry to produce recombinant proteins is bolstering the market. Additionally, the rapid usage of lactase in the agriculture industry to improve the digestibility of lactose in animal feed is providing a boost to the market.
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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.
Breakup by Source:
- Fungi
- Yeast
- Bacteria
Breakup by Form:
- Powder
- Liquid
Breakup by Application:
- Food and Beverages
- Milk
- Cheese
- Yogurt
- Others
- Dietary Supplements
- Pharmaceuticals
Breakup by 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
About Us
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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