The global lactase enzyme market is expected to grow from USD 261.68 million 2017 to USD 416.68 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 6.87%.
"Increasing the consumption of dairy products
is one of the factors largely attributing to the growth of lactase enzyme market globally"
The factors attributing to the growth of the market are increasing the consumption of dairy products, increasing attractiveness of lactose-free dairy concepts, growing demand for low-lactose and lactose-free dairy products, and increasing use as dietary supplements typically to treat lactose intolerance.. However, some factors such as and restricted operational conditions may hinder the market growth. The global lactase enzyme market is expected to showcase the opportunities such as predominant applications in dairy by-products, abolition of milk quota in the eu, and market traction from infant nutrition segment. In the near future, the market may face the possible challenges in the growth due to and safety and regulatory aspects of enzyme use. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global lactase enzyme market market.
On the basis of form, the global lactase enzyme market is studied across Dry and Liquid.
On the basis of source, the global lactase enzyme market is studied across Fungal Lactase and Neutral Lactase.
On the basis of application, the global lactase enzyme market is studied across Cheese, Ice Cream & Desserts, Infant Formula, Milk, Whey, and Yogurt.
On the basis of end user, the global lactase enzyme market is studied across Dietary Supplements, Food & Beverage, and Pharmaceutical & Biotechnology Companies.
On the basis of geography, the global lactase enzyme market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia).
"AST Enzymes: The potential growing player for the global lactase enzyme market"
The key players profiled in the global lactase enzyme market are AST Enzymes, Advanced EnzyTech Solutions Ltd.,, Advanced Enzyme Technologies., Amano Enzyme, Inc., Avanscure Lifesciences Pvt. Ltd.,, Chr. Hansen Holding A/S, DSM, Dumoco Co. Ltd., Kerry Inc., Koninklijke DSM N.V., McNeil Nutritionals, LLC, Merck KGaA, Mitushi Biopharma, Nisarg Life Sciences India Pvt. Ltd., Novozymes, OENON Holdings, Inc., Parchem fine & specialty chemicals, Specialty Enzymes & Biotechnologies, and Walter Bushnell.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global lactase enzyme market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global lactase enzyme market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global lactase enzyme market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global lactase enzyme market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global lactase enzyme market.