Lactase Market Report, Key Segmentation, Development Factors and Forecast 2022-2027

Home » Lactase Market Report, Key Segmentation, Development Factors and Forecast 2022-2027

According to the latest report by IMARC Group, titled “Lactase Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” 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 CAGR of 6.36% during 2022-2027.

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.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Global Lactase 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.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • 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 (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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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