Lactase Enzyme Market Business Opportunities, Future Industry Trends, Revenue, Key Players and Forecast 2028
Increase in the number of cases of lactose intolerance worldwide, coupled with growing concerns about digestive problems
— Emerging research
VANCOUVER, BC, CANADA, May 18, 2022 /EINPresswire.com/ — The Global lactase enzyme market the size is expected to reach USD 357.1 million in 2028 and register a stable CAGR during the forecast period, according to the latest analysis from Emergen Research.
The steady growth in market revenue can be attributed to the increasing number of cases of lactose intolerance globally, rising concerns about digestive issues due to dairy consumption, and shift in consumer preference towards dairy products lactose free. Rising demand for the enzyme lactase, which reduces the lactose content of dairy products, is currently driving the market revenue growth.
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Health conscious consumers are demanding more affordable and nutritious dairy solutions to support healthier lifestyles without compromising taste and texture, leading to the increasing use of lactase enzymes in dairy products. Rising consumption of high quality, pure tasting, reduced sugar and lactose free dairy products is another key factor driving the demand for lactase enzymes in the food and beverage industries.
The report also discusses key players involved in the market such as HANSEN HOLDINGS A/S, Kerry Group, Koninklijke DSM NV, Novozymes, Merck KGaA, DuPont, Amano Enzyme, Advanced Enzyme Technologies, Mitushi Biopharma, and Rajvi Enterprise along with new entrants on the market. It focuses on recent mergers and acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial condition and business base. consumers.
Main information presented in the report:
Market revenue share by major business players, by type, by application, and market scope of the global Lactase Enzyme Market
Turnover of the main players and new entrants
Competitive analysis of key players including aspects such as business overview, product or service specifications, suppliers and buyers
Recent mergers, acquisitions, product launches, recent investments and joint ventures
Regional analysis to provide insight into recent trends and opportunities
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Emergen Research has segmented the global lactase enzyme market based on form, source, application, and region:
Form Outlook (Revenue, USD Million; 2018-2028)
Source Outlook (Revenue, USD Million; 2018-2028)
Application Outlook (Revenue, USD Million; 2018-2028)
Food and drinks (cheese, milk, ice cream, yogurt)
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In February 2020, Royal DSM entered the growing human milk oligosaccharide (HMO) market, taking over as the producer of recombinant 2′-fucosyl lactose, Danish Glycom A/S. The acquisition is expected to support Glycom’s growth by adding its human milk oligosaccharide products to DSM’s extensive global customer base and integrating them into its comprehensive solutions offering for infant nutrition customers.
Liquid segment accounted for the largest revenue share in 2020. Higher activity and better functionality of liquid lactase enzyme make it more preferred, which is expected to drive the revenue growth of liquid lactase enzyme segment.
Yeast segment revenue is expected to grow at a rapid CAGR during the forecast period. Technological advancements in the process of lactase enzyme extraction by yeast are expected to drive the growth of the global lactase enzyme market over the forecast period.
North America (USA, Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
Key questions answered by the report:
What will be the estimated growth rate of the Lactase Enzyme market by 2028?
Who are the key market distributors, vendors and manufacturers?
What are the driving and restraining factors for the Enzyme Lactase market growth throughout the forecast period?
What are the current and future market trends of the Enzyme Lactase market?
What are sales and price analysis of the product by types, applications and regions?
What are the expected opportunities for companies and new entrants in the years to come?
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Lactase Enzyme Market Share, Trends 2028