Global Lactase Enzyme Market Growth 2023-2029

Global Lactase Enzyme Market Growth 2023-2029

Lactase enzymes are produced by microorganisms and are an essential catalyst, which helps to break down lactose among consumers with lactose tolerance. Lactase enzymes can be added to food products, beverages, dietary supplements, and pharmaceutical products in dry or liquid form.

LPI (LP Information)' newest research report, the “Lactase Enzyme Industry Forecast” looks at past sales and reviews total world Lactase Enzyme sales in 2022, providing a comprehensive analysis by region and market sector of projected Lactase Enzyme sales for 2023 through 2029. With Lactase Enzyme sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lactase Enzyme industry.

This Insight Report provides a comprehensive analysis of the global Lactase Enzyme landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lactase Enzyme portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lactase Enzyme market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lactase Enzyme and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lactase Enzyme.

The global Lactase Enzyme market size is projected to grow from US$ 974.9 million in 2022 to US$ 1333.4 million in 2029; it is expected to grow at a CAGR of 1333.4 from 2023 to 2029.

Lactose intolerance continues to persist as a major concern among the world’s adult population, with nearly 75% unable to consume milk and its derivatives. The advent of lactase enzyme, such as β- galactosidase, has emerged as a boon for dairy producers, as it hydrolyzes lactose to readily digestible sugars such as galactose and glucose. The recent surge in number of consumers shifting towards lactose-free dairy products is making a huge impact on the dynamics of the lactase enzyme market.

This report presents a comprehensive overview, market shares, and growth opportunities of Lactase Enzyme market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Fungal Lactase
Neutral Lactase

Segmentation by application
Food & Beverages
Dietary Supplements
Pharmaceuticals

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Chr. Hansen
Advanced Enzyme Technologies
DowDuPont
Koninklijke DSM
Novozymes
Sigma-Aldrich
Sternenzyme
Amano Enzyme
Calza Clemente

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lactase Enzyme market?

What factors are driving Lactase Enzyme market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lactase Enzyme market opportunities vary by end market size?

How does Lactase Enzyme break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.