Lactase Market to Reach USD 245.72 Million by 2032 with 4% CAGR Driven by Rising Demand for Lactose-free and Low-lactose Dairy Products

The global lactase market size was USD 172.64 Million in 2022 and is expected to register a revenue CAGR of 4% over the forecast period, according to the latest report by Reports and Data.

When the body lacks the enzyme lactase, which allows it to digest lactose, it develops the widespread disease known as lactose intolerance. According to National Institutes of Health (NIH) research, 65% of the world's population experiences a decline in lactose digestive efficiency beyond infancy. Due to this, there is a surge in demand for dairy products without lactose and lactase enzyme supplements, which is propelling market revenue development.

Rising health consciousness among consumers is also contributing to a move toward natural and healthier food alternative. The lactase enzyme is used to create low-lactose and lactose-free dairy products, which are seen as healthier alternatives to traditional dairy products. The dairy industry is employing lactase enzymes more frequently as a consequence, which is propelling market revenue development. In the pharmaceutical industry, where it is used to make lactose-free medicines and as a digestive aid for those who are lactose intolerant, there is also an increasing need for lactase enzyme. The market is expanding financially as a result of the development of innovative and complex lactase enzyme compositions.

The popularity of veganism and dairy-free diets is having a substantial impact on the lactase market's revenue growth. Lactose-free dairy products made from plants are becoming increasingly popular as an alternative. Dairy products made from plants but without the lactase enzyme are gaining popularity among consumers. The need for lactase enzymes in the food and beverage sector is also a factor in the lactase market's revenue expansion. The lactase enzyme is used to make the increasingly well-liked lactose-free bread products, chocolates, and drinks. The lactase market is expanding in terms of revenue thanks to an increasing usage of cutting-edge technologies in lactase production. The development of novel and advanced lactase enzyme compositions that are more efficient and more readily available is the outcome of the use of microbial fermentation methods with recombinant DNA technology.

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Key Players covered in this report are

DuPont de Nemours, Inc., Kerry Group, Chr. Hansen Holding A/S, Koninklijke DSM N.V., Amano Enzyme Inc., Novozymes A/S, Advanced Enzyme Technologies Ltd., SternEnzym GmbH & Co. KG, Enzyme Development Corporation, and Biomedal S.L.

Some Key Highlights from the Report

The powder segment is predicted to generate the most revenue throughout the projection period. This might be linked to increased lactase powder production as a result of increased demand for lactose-free items, notably in the food and beverage sector. Lactase powder is often used by food and beverage manufacturers due to its ease of handling and application. Lactase powder may simply be added to dairy products, baked goods, and drinks without affecting the flavor or texture of the finished product. Lactase powder can also be stored for an extended period of time without losing its quality or efficacy. These advantages have increased the usage of lactase powder in the food and beverage industry, which is driving revenue growth in this sector.
The food and beverage segment is predicted to generate the most revenue throughout the projected period. Lactose intolerance affects a large proportion of the population, and lactase is used in the production of lactose-free dairy products. Lactase is utilized to manufacture lactose-free dairy products such as milk, yoghurt, cheese, and ice cream, which is driving revenue growth in this market. Lactose, an important component of baby formula, is also created by lactase.

Since lactose intolerance is so common in North America, this market is anticipated to provide the biggest revenue share throughout the projected period. According to the National Institutes of Health, lactose intolerance affects about 65% of people globally, with a higher prevalence in African, Asian, and Native American civilizations (NIH). Lactose intolerance affects more than 30 million People. Due to consumers' increasing awareness of lactose-free goods, the regional lactase market revenue growth is increasing. The need for lactase is growing along with the acceptance of dairy substitutes such almond, soy, and oat milk. The increase in consumer flexitarianism and veganism is another factor influencing the need for lactase products in the region.

Product Type Outlook (Revenue, USD Million; 2022 - 2032)

Liquid
Powder
Others

Application Outlook (Revenue, USD Million; 2022 - 2032)

Food & Beverages
Pharmaceuticals
Others

Key Regional Markets Covered in the Report:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Major Points covered in this report are as below:

• The Lactase industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.

• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.

• The Lactase Market report provides key statistics on the market status of the Lactase manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

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