Global Lactase Enzyme Market 2024-2028

Global Lactase Enzyme Market 2024-2028

Technavio has been monitoring the lactase enzyme market and is forecast to grow by USD 201.7 mn during 2023-2028, accelerating at a CAGR of 5.57% during the forecast period. Our report on the lactase enzyme market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising consumer focus on enzyme-based foods, growing collaborations in lactase enzyme industry, and increased technical advances in enzyme production.

Technavio's lactase enzyme market is segmented as below:

By Application

• Food and beverage
• Dietary supplements
• Pharmaceuticals

By Type

• Dry
• Liquid

By Geography

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the rising awareness about lactose-free products as one of the prime reasons driving the lactase enzyme market growth during the next few years. Also, extensive product development and expansion strategies of vendors and establishment of new plants will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the lactase enzyme market covers the following areas:

• Lactase enzyme market sizing
• Lactase enzyme market forecast
• Lactase enzyme market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lactase enzyme market vendors that 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. Also, the lactase enzyme market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.