NEW
YORK, June 21, 2024 /PRNewswire/ -- The global
lactase enzyme market size is estimated to grow by USD 201.7 million from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
over 5.57% during the forecast period. Rising consumer
focus on enzyme-based foods is driving market
growth, with a trend towards rising awareness about
lactose-free products. However, varying prices of enzymes
poses a challenge. Key market players include Advanced Enzyme
Technologies Ltd., Amano Enzyme Inc., Antozyme Biotech Pvt. Ltd.,
Aumgene Biosciences, Berg Schmidt GmbH and Co. KG, Biolaxi Corp.,
Calza Clemente s.r.l., Chr Hansen Holding AS, Creative Enzymes,
DuPont de Nemours Inc., Enzyme Bioscience Pvt. Ltd., Infinita
Biotech Pvt. Ltd., Kerry Group Plc, Koninklijke DSM NV, Merck KGaA,
MITUSHI BIO PHARMA, Novact Corp., Novozymes AS, Oenon Holdings
Inc., and RAJVI ENTERPRISE.
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Lactase Enzyme
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.57%
|
Market growth
2024-2028
|
USD 201.7
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.17
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 33%
|
Key
countries
|
US, Germany, China, UK,
and India
|
Key companies
profiled
|
Advanced Enzyme
Technologies Ltd., Amano Enzyme Inc., Antozyme Biotech Pvt. Ltd.,
Aumgene Biosciences, Berg Schmidt GmbH and Co. KG, Biolaxi Corp.,
Calza Clemente s.r.l., Chr Hansen Holding AS, Creative Enzymes,
DuPont de Nemours Inc., Enzyme Bioscience Pvt. Ltd., Infinita
Biotech Pvt. Ltd., Kerry Group Plc, Koninklijke DSM NV, Merck KGaA,
MITUSHI BIO PHARMA, Novact Corp., Novozymes AS, Oenon Holdings
Inc., and RAJVI ENTERPRISE
|
Market Driver
The global lactase enzyme market is expected to grow due to the
rising awareness about lactose intolerance. Every February, Lactose
Intolerance Awareness Month is celebrated to educate individuals on
managing this condition without completely avoiding dairy products.
The NIH and Dietary Guidelines for Americans recommend consuming
dairy for essential nutrients like calcium, potassium, and vitamin
D. Awareness programs guide individuals on consuming lactose-free
dairy, leading to increased demand for these products. Dairy
producers are responding by increasing lactase usage, fueling
market growth.
The Lactose market is currently witnessing significant growth
due to the increasing demand for dairy products and the rising
awareness of lactose intolerance. Lactose is a sugar found in milk
and dairy products, and those who are lactose intolerant lack the
enzyme lactase to digest it. To cater to this market, there is a
growing trend towards the production and consumption of
lactose-free and lactose-reduced dairy products. Producuts like
lactose-free milk, cheese, and ice cream are gaining popularity.
Additionally, the use of lactase enzyme in the production process
helps to break down lactose, making these products more accessible
to a wider consumer base. The demand for lactase enzyme is expected
to continue growing as the dairy industry seeks to meet the needs
of lactose-intolerant consumers.
Research report provides comprehensive data on
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Report
Market Challenges
- The global lactase enzyme market faces challenges due to the
high cost of technological advancements for smaller vendors. Major
players like Kerry Group, DSM NV, and Novozymes can afford these
expenses through R&D and patenting. However, this increases the
cost of lactase, affecting the affordability of lactose-free
products in cost-sensitive regions. This trend may hinder market
growth in developing economies with low disposable incomes.
Consequently, consumers in these regions may opt for lower-quality
or avoid enzyme products altogether.
- The Lactase Enzyme Market faces several challenges in the
production and application sectors. Digestive enzymes like Lactase
are essential for breaking down lactose in milk and other dairy
products. However, the production process can be complex and
costly. The use of traditional methods for Lactase production can
lead to inconsistent product quality and low yields. Moreover, the
market demand for Lactose-free products is increasing due to
lactose intolerance and other health concerns. This trend
necessitates the development of more efficient and cost-effective
Lactase production methods. The use of modern biotechnology and
genetic engineering techniques can help address these challenges
and improve the overall productivity and profitability of the
Lactase Enzyme Market. Another challenge is the presence of several
competitors in the market, making it essential to differentiate
through product quality and innovation. Producers must focus on
developing new and improved Lactase enzymes with better stability,
specificity, and yield to gain a competitive edge. In summary, the
Lactase Enzyme Market faces challenges related to production
efficiency, cost-effectiveness, and competition. Addressing these
challenges through technological innovation and product
differentiation can help producers improve their market position
and profitability.
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challenges - Request a sample report!
Segment Overview
This lactase enzyme market report extensively covers market
segmentation by
- Application
- 1.1 Food and beverage
- 1.2 Dietary supplements
- 1.3 Pharmaceuticals
- Type
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Food and beverage- The Lactase Enzyme Market is
experiencing steady growth due to increasing consumer demand for
lactose-free dairy products. Companies are investing in this sector
to cater to lactose intolerant individuals and those who prefer
lactose-free alternatives. Dairy processors are integrating lactase
enzymes into their production processes to create a wider range of
offerings. Retailers are also stocking more lactose-free products
to meet consumer preferences. Overall, the Lactase Enzyme Market is
a significant business opportunity with continuous expansion.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Lactase Enzyme Market represents the growing demand for
solutions to aid in the digestion of dairy products among the
lactose-intolerant population. This market encompasses the
production and distribution of enzyme technology designed to break
down lactose, a sugar found in milk and other dairy products, into
simpler forms like glucose and galactose. These easy-digestible
forms can be absorbed by the body more effectively, allowing
individuals with lactose intolerance to consume dairy-based foods,
such as milk, yogurt, ice cream, and cream, without discomfort. The
market also includes the production of lactose-free products, milk
alternatives, and dietary supplements, catering to both adults and
infants with primary lactose intolerance. The vegan, plant-based,
cruelty-free, and health-focused consumer demographic further fuels
the market's growth. Pharmaceutical applications of lactase enzymes
are also significant, as they can be used in the form of lactase
capsules, tablets, and pills to help individuals manage their
lactose intolerance.
Market Research Overview
The Lactose Enzyme Market refers to the global industry
dedicated to the production, distribution, and consumption of
enzymes used to break down lactose in milk and dairy products for
individuals with lactose intolerance. These enzymes, primarily
lactase, convert lactose into simpler sugars, making these products
more digestible. The market is driven by the increasing prevalence
of lactose intolerance worldwide, growing consumer awareness, and
the expanding dairy alternatives sector. Technological advancements
and innovations in enzyme production methods also contribute to
market growth. The market caters to various end-users, including
food and beverage industries, pharmaceuticals, and
direct-to-consumer sales. The demand for lactose-free and
low-lactose products continues to fuel market expansion.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Food And Beverage
- Dietary Supplements
- Pharmaceuticals
- Type
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio