Lactase Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The global Lactase market size was estimated at USD 271.8 billion in 2023 and is projected to reach USD 406.06 billion in 2030 at a CAGR of 5.90% during the forecast period 2023-2030.
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The prominent players in the Lactase market are
· 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
· IFF
· Oenon Holdings Inc
· Ultreze Enzymes and More
Recent Developments
In July 2022, DuPont Nutrition & Biosciences (N&B) introduced Danisco Bonlacta, a new lactase enzyme solution developed for creating a nutritional profile regarding fiber and sugar content for lactose-free dairy products. The product was introduced for the North American market and is a thermophilic type of lactase with a unique capacity to withstand high-temperature processing methods.
In February 2022, Kerry Group PLC. Acquired the German biotechnology innovation company c-LEcta, which manufactures enzymes. C-LEcta specializes in precision fermentation and bioprocessing of enzymes. This acquisition will help Kerry to break through in the lactase enzymes market.
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Key Findings
· Based on the source, the bacteria segment is expected to grow in value with the highest CAR in the lactase market during the forecast period. The lactase from bacterial sources is obtained from three main bacteria, Lactobacillus acidophilus, Bifidobacterium longum and Enterococcus faecalis. They are non-pathogenic nature and has a higher enzymatic activity in the preparation of lactose-free products. Since it is not a pathogen, the lactase enzyme of bacterial origin finds application in human nutrition and medicinal purposes.
· Based on its form, the dry segment holds a significant share of the lactase market during the forecast period. The dry form is more concentrated and easier to use. Enzymes are very sensitive to changes in pH and temperature; therefore, it is important to ensure optimal storage conditions. Pharmaceutical manufacturers mainly use the dry form because they are easy to use in the required dosage forms. Most companies provide dry lactose for import and export.
· By application, the food and beverage segment have the largest market share by value. Lactase is an enzyme that some people cannot produce in their small intestine. Without it, people with lactase deficiency cannot break down the natural disaccharide in milk. Adding lactase to milk hydrolyzes the naturally occurring lactose in milk, leaving it slightly sweet but digestible. This property of the enzyme increases its wider use in the food § beverage industry.
· The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period. In North America, American Academy of Pediatrics recommends that will people with lactose intolerance must not be encouraged to avoid milk as it provides necessary nutrients to the body.
Reasons to Acquire
· Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
· Gain authentic and granular data access for the Lactase Market to understand the trends and the factors involved in changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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