Global Lactase Market Growth 2023-2029

Global Lactase Market Growth 2023-2029

Lactase (β-Galactosidase) is an enzyme capable of hydrolyzing lactose into glucose and galactose. Lactase is commonly used to catalyze the hydrolysis of lactose in the food industry for making lactose reduced/free products e.g. milk, yogurt, cream and ice cream.

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

This Insight Report provides a comprehensive analysis of the global Lactase 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 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lactase market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lactase 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.

The global Lactase market size is projected to grow from US$ 974.9 million in 2022 to US$ 1341.8 million in 2029; it is expected to grow at a CAGR of 1341.8 from 2023 to 2029.

Global Lactase main players are DSM, Novozymes, DuPont, Chr. Hansen Holding, etc. Global top four manufacturers hold a share over 75%. In terms of product, Neutral lactase the largest segment, with a share over 85%. China is the largest market, with a share nearly 30%.

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

Market Segmentation:

Segmentation by type
Neutral Lactase
Acid Lactase

Segmentation by application
Food
Pharmaceutical
Others

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.
DSM
Novozymes
DuPont
Chr. Hansen Holding
Amano Enzyme
Enzyme Development
SternEnzym
Specialty Enzymes & Biotechnologies
Enzyme Solutions
Advanced Enzymes
Zhongnuo BioTech
Enze Bio
Meihua BioTech
Kono Chem

Key Questions Addressed in this Report

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

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

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

How do Lactase market opportunities vary by end market size?

How does Lactase 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.