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.
The latest report titled ‘Global Lactase Market,’ published by Emergen Research, provides the reader with a comprehensive view of the global Lactase industry, acquainting them with the latest market trends, industry insights, and market share. The report provides an in-depth investigation of the global market, largely focusing on each segment and sub-segment of the Lactase market.
Health-conscious consumers are demanding more affordable and nutritious dairy solutions to support healthier lifestyles without compromising on taste and texture, which is resulting in increasing utilization of lactase enzymes in dairy products. Increasing consumption of high-quality, clean-tasting, sugar-reduced and lactose-free dairy products is another key factor driving demand for lactase enzymes in food & beverage industries. Increasing demand for lactase supplements among consumers diagnosed with lactose intolerance is contributing to growing demand for lactase enzymes.
The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Lactase space
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Global Lactase market revenue growth is primarily driven by a variety of factors and trends, some of which include rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the Lactase market.
Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Lactase market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Lactase market revenue growth to a significant extent over the forecast period.
Leading companies profiled in the report are:
HANSEN HOLDINGS A/S, Kerry Group, Koninklijke DSM N.V., Novozymes, Merck KGaA, DuPont, Amano Enzyme, Advanced Enzyme Technologies, Mitushi Biopharma, and Rajvi Enterprise.
Emergen Research has segmented the global lactase market on the basis of 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 & beverage (Cheese, milk, ice-cream, yoghurt)
Major Regions Covered in the Lactase Market Report:
Middle East & Africa
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The research provides answers to the following key questions:
What will be the growth rate and the market size of the Lactase industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Lactase market across different regions?
Who are the major driving forces expected to decide the fate of the Lactase industry worldwide?
Who are the prominent market players making a mark in the Lactase market with their winning strategies?
Which Lactase industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Lactase market?
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A SWOT analysis is performed on the leading companies engaged in the Lactase market to offer a better understanding of the strengths, opportunities, weaknesses, and threats of the leading companies. It also covers production and consumption rate, the volatility of prices and demands, market share, market size, global position, and market position of each player. The report also analyses key elements such as growth trends, concentration area, business expansion strategies, market reach, and other key features that offer companies insightful data to fortify their position in the Lactase industry.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Lactase Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Lactase 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. Lactase Market indicators analysis
4.2.2. Lactase Market drivers analysis
184.108.40.206. Rapid urbanization and industrialization
220.127.116.11. Stringent government regulations regarding carbon emissions
18.104.22.168. Increasing prevalence of respiratory diseases
22.214.171.124. Rising need to enhance indoor air quality
4.2.3. Lactase Market restraints analysis
126.96.36.199. High cost associated with the maintenance of Lactase products
188.8.131.52. Availability of renewable sources of energy
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 10. Competitive Landscape
10.1. Lactase Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
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