Lactase Market Size by 2027 |Industry Segmentation by Type, Application, Drivers, Key News

The global lactase market size is expected to reach USD 357.1 Million in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing number of lactose-intolerant cases around the world, growing concerns regarding digestive issues due to the consumption of dairy products, and shifting consumer preference towards lactose-free dairy products. Increasing demand for lactase, which reduces lactose content in dairy products, is driving market revenue growth currently.

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Competitive Landscape:

The research report offers key insights into the leading market players’ strengths and weaknesses, assessed using Porter’s Five Forces and SWOT analyses. The report includes Lactase market segmentation based on product type, application spectrum, and key regions. The investigative study estimates the market size, market share, and revenue generation over the forecast timeframe. The key players profiled in the report include:

Key players in the market include HANSEN HOLDINGS A/S, Kerry Group, Koninklijke DSM N.V., Novozymes, Merck KGaA, DuPont, Amano Enzyme, Advanced Enzyme Technologies, Mitushi Biopharma, and Rajvi Enterprise.

Some Key Highlights From the Report

· In February 2020, Royal DSM entered into the growing market of human milk oligosaccharides (HMO), taking over as the producer of recombinant 2’-fucosyl lactose, Danish Glycom A/S. The acquisition is expected to support growth of Glycom by adding its human milk oligosaccharides products to the broad global customer base of DSM and integrate it in its full solutions offering for infant nutrition customers.

· Food & beverage segment accounted for a significantly high revenue share in the lactase market in 2020. Increasing consumption of high-quality, clean-tasting, sugar-reduced, and lactose-free dairy products is driving demand for lactase enzymes in the food and beverage industries.

· North America accounted for largest revenue share contribution to the global lactase market in 2020. Food and beverage industries in the region are increasingly utilizing lactase enzyme for the production of various lactose-free products such as ice-cream, drinkable yogurt, and flavored milk.

The report categorizes the market into different key segments based on types and applications, along with key regional segmentation. The report offers insights into the segment expected to garner traction during the forecast period, and the region expected to dominate the market in the coming years.

· Form Outlook (Revenue, USD Million; 2018–2028)

o Liquid

o Dry

· Source Outlook (Revenue, USD Million; 2018–2028)

o Yeast

o Fungi

o Bacteria

· Application Outlook (Revenue, USD Million; 2018–2028)

o Food & beverage (Cheese, milk, ice-cream, yoghurt)

o Dietary supplements

o Pharmaceutical products

Regional Analysis:

The global Lactase market report broadly considers the market mechanism of both the developing and developed regions of the market. This section provides crucial data and information about the different market regions, a country-wise analysis of the Lactase industry, and an assessment of the market reach and consumer base in the key geographical regions to enable readers to formulate effective business expansion strategies.

Major Geographies Encompassed in the Report:

· North America (U.S., Canada)

· Europe (U.K., Italy, Germany, France, Rest of EU)

· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

· Latin America (Chile, Brazil, Argentina, Rest of Latin America)

· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Objectives of the Global Lactase Market Study:

· An in-depth study of the evolving market sectors and the growth & penetration status of the global Lactase market

· COVID-19 Impact Analysis to highlight the major opportunities and challenges

· Strategic recommendations to help readers formulate lucrative business strategies

· Identification of the emerging players and their tactical approaches to expand market presence

· An extensive study of the product portfolios of the major market players and their regional presence

· A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures

Table of Content:

Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2021-2028 Chapter 3. Key Insights Chapter 4. Lactase Market Segmentation & Impact Analysis 4.1. Lactase Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Rising demand for lactose-free dairy products 4.2.2.2. Increasing number of lactose-intolerance among the growing population 4.2.2.3. Increasing R&D activities for new product development 4.2.3. Market restraints analysis 4.2.3.1. High processing cost 4.2.3.2. Rising demand for dairy-free alternatives 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter’s Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis

Chapter 5. Lactase Market By Form Insights & Trends, Revenue (USD Million) 5.1. Form Dynamics & Market Share, 2021-2028 5.1.1. Liquid 5.1.2. Dry

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