Global Lactase Market Overview
The key driver impacting the lactase market is the growing demand for lactose-free dairy products with rising lactose-intolerance cases globally. For instance, According to the NIH, in adults, lactose intolerance shows up most frequently in East Asian heritage people, affecting 70 to 100% of the population. Also, as per Encyclopaedia Britannica, the condition affects around 75 to 90% of native Americans, Asians, black people, Mediterranean, and Jewish people. About 5% of northern and central Europeans have lactose intolerance. Moreover, the increasing innovation and new product development in the application areas are estimated to be an important factor that positively impacts market growth. Whereas with regards to volume,the market was calculated XXX Metric Tons in 2020 and foreseen to grow with a CAGR of X.X% during 2021-2027.
According to Value Market Research, the global lactase market size was valued at around USD 170 million in 2020 and is anticipated to rise at a CAGR of about 7.5% during the forecast period of 2021 to 2027.
The growing application of lactase enzymes continues to witness widespread adoption across various application areas ranging from food & beverages to pharmaceuticals, thus estimated to augment lactase demand in the forecast period. however, the high processing cost and rising demand for plant-based dairy products, such as soy, almond, and coconut milk, may hamper the global lactase market in the long run. also, the shifting preferences toward dairy-free alternatives negatively impact market growth. the current industry trends, such as growing demand for lactase from direct consumers for preparing lactose-free products and increasing research & development and new sources of lactase extraction, are expected to provide market players with several market opportunities.
The lactase market is vast, with many local and global players. the key leaders follow various strategies to increase their market position, such as contracts, mergers, extended product portfolio, acquisitions, expansions, and product advancement to enhance their market share globally. The major company profiles included in the report are Mitushi Biopharma, Infinita Biotech Pvt. Ltd., DuPont, Novact Corp., Creative Enzymes, ENMEX, Amano Enzyme Inc., Merck KGaA, DSM, Novozymes, Rajvi Enterprise, Aumgene Biosciences, Antozyme Biotech Pvt. Ltd., Biolaxi Corp., Nature BioScience Pvt. Ltd., Advanced Enzyme Technologies, Senson, Novozymes, DSM, Kerry Inc., and Chr. Hansen Holding A/S.
In this research report, the lactase market is segmented by Source, form, application, and region.
Analysis by Source:
By Source, the report is categorized into fungi, yeast, and bacteria. Yeast type dominates the type segment with over 44% share in 2020. Yeast-based lactase is majorly used in manufacturing various food & beverage and dietary supplement products as yeast is recognized under Generally Recognized as Safe (GRAS) chemical or substance by the U.S. Food and Drug Administration (FDA). Moreover, the rising availability of lactose-free products, such as milk powder, ice-cream, and spreads & butter, contributes to the high demand for yeast as a source in the forecast period.
Analysis by Form:
By form, the report is categorized into liquid and powder. Powder lactase dominates the form segment with over 60% share in 2020. The lactase powder refers to a non-toxic biological enzyme, and it fulfills the Joint FAO/WHO Expert Committee on Food Additives (JECFA) and Food Chemical Codex (FCC) specifications for food-grade substances. Moreover, a considerable population consuming a typical western diet undergoes digestive problems, thus making indigestion of food one of the critical health concerns contributing to the high demand for powder from lactase enzyme in the forecast period.
Analysis by Application:
By application, the report is categorized into food & beverages, dietary supplements, and pharmaceuticals. The food & beverages segment dominates the application segment with over 60% share in 2020. It is due to the mounting awareness regarding health and increasing incidences of lactase non-persistence. Moreover, the rising consumption of high-quality foods delivering natural flavor and taste drives the market demand from the food and beverage industry in the forecast period.
Analysis by Region:
In the regional outlook of the global lactase market, the Europe region dominates with a 45% market share during the forecast period. The increasing demand for dairy enzymes is high in Europe due to the presence of a developed food & beverage processing industry, and technological advances in manufacturing are the critical factors driving regional growth. Moreover, favorable outlook towards health & nutrition, presence of key manufacturers, such as DSM and Chr. Hansen Holding A/S, athe and the rising health consciousness among the residents of the region contributes to the development of the lactase market in Europe.
Market Segmentation covered in the Report:
- Food & Beverages
- Dietary Supplements
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.