According to the latest report by IMARC Group, titled “Lactase Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” offers a comprehensive analysis of the industry, which comprises insights on lactase market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global lactase market size reached US$ 258.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 442.9 Million by 2032, exhibiting a growth rate (CAGR) of 5.88% during 2024-2032.
Lactase is an enzyme crucial for the digestion of lactose, a sugar found in milk and dairy products. Produced by the small intestine, lactase breaks down lactose into its constituent parts, glucose, and galactose, which can then be absorbed into the bloodstream. Insufficient lactase production leads to lactose intolerance, causing symptoms such as bloating, gas, and diarrhea after consuming dairy products. Lactase supplements or lactose-free dairy products provide relief for individuals with lactose intolerance by aiding lactose digestion. Additionally, lactase plays a vital role in the food industry, where it is used to produce lactose-free dairy products for consumers with lactose intolerance, ensuring access to dairy-based nutrition without discomfort.
Get a Sample Copy of this Report: https://www.imarcgroup.com/lactase-market/requestsample
Market Trends:
The global market is majorly driven by the increasing prevalence of lactose intolerance worldwide. Moreover, rising health consciousness and awareness of dietary intolerances among consumers contribute to the expanding market for lactase, as individuals seek solutions to maintain a balanced diet without sacrificing enjoyment or nutritional value. Additionally, the growing demand for lactose-free alternatives in the food and beverage industry fuels the adoption of lactase enzymes in the production of dairy products, including milk, cheese, and yogurt, catering to a broader consumer base and enhancing market penetration. Furthermore, technological advancements in enzyme engineering and production processes enable the development of more efficient and cost-effective lactase formulations, driving innovation and expanding the application scope of lactase enzymes in various industries beyond food and nutrition, such as pharmaceuticals and animal feed.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/lactase-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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 (2019-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
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.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Comments
0 comment