Lactase Market Growth Opportunities by 2025

The global lactase market size is estimated to be valued at USD 217 million in 2020 and is projected to reach USD 298 million by 2025, recording a CAGR of 6.5% during the forecast period. Lactase also plays a major role in increasing the shelf-life of dairy products, thus increasing their freshness. Due to its importance in the food industry and the rising level of lactose intolerance, lactase is gaining popularity in the dairy industry. These are the major factors encouraging the growth of the lactase market globally.

 

 

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=125332780

 

Key players in this market include Chr. Hansen Holdings A/S (Denmark), Kerry Group (Ireland), Koninklijke DSM N.V (the Netherlands), Novozymes (Denmark), Merck KGaA (Germany), DuPont (US), Senson (Finland), Amano Enzyme (Japan), Advanced Enzyme Technologies (India), Enmex (Mexico), Antozyme Biotech Pvt. Ltd. (US), Nature Bioscience Pvt. Ltd. (India), Aumgene Biosciences (India), Creative Enzymes (US), Biolaxi Corporation (India), Novact Corporation (US), Enzyme Bioscience (India), Infinita Biotech Private Limited (India), Rajvi Enterprise (India), and Mitushi Biopharma (India).

 

DuPont(US) is a global leader in the development lactase from different sources and for wide range of applications. DuPont has 16 production bases globally and provides products and business solutions to 95 countries in regions such as Europe, North America, Asia Pacific, South America, and the Middle East.

 

DuPont Danisco launched Nurica, a dairy enzyme to help the lactose-free product manufacturers to meet consumer demand for clean label products. Danisco provides improved nutrition, better taste, texture, and greater cost efficiency. This new product launch will help the company to strengthen the product portfolio and also will the help the company becoming global leader in high-value enzymes for catering dairy industry.

 

Novozymes (Denmark) is one of the major players in the lactase market. Novozymes is a major bio-innovation company providing biological solutions, which involve various applications of enzymes and microbes. The company offers Lactozyme Pure, saphera, and saphera fiber to cater dairy industry for manufacturing of lactose-free products. It records 33% of the sales through essential food & beverage products. The company is growing significantly in European region mainly in countries like France, Germany, and Italy. It also has a strong presence in the North American region.

 

The lactase market in North America is dominant due to the growing demand for different types of lactose-free products such as drinkable yogurt, ice-cream, and flavored milk. Increasing awareness about lactose intolerance among consumers and growing inclination towards health promoting dietary supplements are the key factors that are projected to drive the growth of the market in the North American region.

 

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=125332780

 

The fastest-growing market is Asia-Pacific for lactase. The increase in awareness and self-diagnosis among the lactose intolerant population, also growing consumption of lactose-free products offers potential growth for the lactase manufacturers in the region. The increase in health concerns and the growing trend of opting for reduced added sugar/no added sugar claims have created growth opportunities for lactase in the region. Major players such as Valio Ltd. (Finland), expanded its production facility in China to cater lactose-free products for lactose intolerant population.