Lactase Market By Type, By Application, By Segmentation, By Region, and By Country 2021

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The global Lactase market size is expected to be worth around US$ 276.3 million by 2027, according to a new report by Vision Research Reports.

The global Lactase market size was valued at US$ 185.1 million in 2019 and is anticipated to grow at a CAGR of 5.0% during forecast period 2020 to 2027.

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Lactase Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 – 2027 – Breakdown Data by Regions, Type, Manufacturers and Applications

Growth Factors

rising product development & innovations in other application areas, are expected to drive the market growth. Lactase is predominantly used in the food & beverage application, majorly consumed as dairy enzymes, as it makes the dairy products lactose-free by reducing and/or eliminating the lactose content. The growing cases of lactose-intolerance across the globe is one of the key factors augmenting the product demand.

Increasing awareness among individuals regarding health and wellness has led to a rise in consumption of enzyme-based foods, such as milk powder, butter, infant milk formula, and sour cream; which not only adds useful nutrients to the diet but also improves digestion. The ability of the lactase enzymes to maintain freshness and increase the shelf-life of  projected to further augment the market growth.

Report Highlights

  • In terms of revenue, the yeast segment accounted for the largest market share of over 443% in 2019 and will expand further at a steady CAGR from 2020 to 2027 due to the high demand for yeast-based lactase in dairy processing and dietary supplements industries
  • Food & beverages was the largest application segment in 2019 owing to extensive product usage in milk, condensed milk, ice-cream, cheese, milk powder, and yogurt
  • North America is anticipated to exhibit steady growth over the coming years on account of rising cases of lactose-intolerance in the region
  • In addition, factors, such as nutritional benefits and easy digestibility, have resulted in the growing adoption of lactose-free products in North America
  • Key companies are adopting various strategies, such as clinical trials, new product launches, M&A, and R&D investments to increase their market share
  • However, the lack of technical expertise and high processing cost of lactase extraction is projected to inhibit the industry growth
  • In May 2019, Chr. Hansen Holding A/S launched LACTOSENS R, a lactose biosensor test kit to document lactose concentrations across all dairy applications

Key Players

  • Mitushi Biopharma
  • Rajvi Enterprise
  • Infinita Biotech Pvt. Ltd.
  • Aumgene Biosciences
  • DuPont
  • Antozyme Biotech Pvt. Ltd.
  • Novact Corp.
  • Biolaxi Corp.
  • Creative Enzymes
  • Nature BioScience Pvt. Ltd.
  • ENMEX
  • Advanced Enzyme Technologies
  • Amano Enzyme Inc.
  • Senson
  • Merck KGaA
  • Novozymes
  • DSM
  • Kerry Inc.
  • Chr. Hansen Holding A/S

Market Segmentation

Lactase Source Outlook 

  • Fungi
  • Yeast
  • Bacteria

Lactase Form Outlook

  • Powder
  • Liquid

Lactase Application Outlook 

  • Food & Beverages
    • Milk
    • Cheese
    • Yogurt
    • Others
  • Dietary Supplements
  • Pharmaceuticals

Lactase Regional Outlook 

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • The U.K.
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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