openPR Logo
Press release

Lactase Market to Worth US$ 442.9 Million by 2032 | With a 5.88% CAGR - IMARC Group

12-26-2023 06:52 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: IMARC Group

Lactase Market

Lactase Market

According to the latest report by IMARC Group, titled "Lactase Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," offers a comprehensive analysis of the industry, which comprises insights on lactase market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global lactase market size reached US$ 258.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 442.9 Million by 2032, exhibiting a growth rate (CAGR) of 5.88% during 2024-2032.

Get a Sample Copy of this Report: https://www.imarcgroup.com/lactase-market/requestsample

Factors Affecting the Growth of the Lactase Industry:

• Rising Prevalence of Lactose Intolerance:
A significant factor fueling the global lactase market is the increasing incidence of lactose intolerance across various populations. Lactose intolerance, characterized by the body's inability to digest lactose due to a deficiency in the enzyme lactase, is leading to a growing demand for lactase supplements and lactase-fortified dairy products. This trend is particularly evident in regions where lactose intolerance is more prevalent, including Asia and Africa. As awareness of this condition grows, alongside improved diagnostic methods, more individuals are seeking lactase products to alleviate symptoms, thereby providing a boost to the market.

• Growing Demand for Dairy Alternatives:

The market is also driven by the escalating consumer interest in dairy-free and lactose-free products. This demand stems from those with lactose intolerance from health-conscious consumers and those following vegan or plant-based diets. Along with this, the incorporation of lactase in the production of lactose-free dairy products, such as milk, cheese, and yogurt, caters to this audience, offering them products that retain the taste and nutritional benefits of dairy without the lactose content. This trend is reinforced by the growing innovation in food technology, which is enabling more efficient and cost-effective lactase production, making these products more accessible and popular.

• Increasing Health and Nutritional Awareness:

The global market is also propelled by heightened awareness of health and nutrition. Consumers are increasingly scrutinizing food labels and seeking products that align with their health goals and dietary restrictions. In addition, lactase-containing products are perceived as healthier alternatives to regular dairy, often associated with improved digestive health and overall well-being. This health-driven demand is particularly strong in developed countries, where there is a greater emphasis on preventative healthcare and nutritionally beneficial food choices. The market is responding with a wider range of lactase-enhanced products, thereby appealing to a broader consumer base that prioritizes health and wellness in their dietary choices.

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/lactase-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Advanced Enzyme Technologies
• Antozyme Biotech Pvt Ltd
• Biolaxi Corporation
• Chr. Hansen Holding A/S
• Creative Enzymes
• DuPont de Nemours Inc.
• Kerry Inc.
• Koninklijke DSM N.V.
• Merck KGaA
• Novozymes A/S
• Polttimo Oy

Lactase Market Report Segmentation:

Breakup by Source:

• Fungi
• Yeast
• Bacteria

Fungal lactase is dominant in the market due to its cost-effectiveness and high efficiency in lactose hydrolysis compared to other sources, making it widely preferred in dairy product applications.

Breakup by Form:

• Powder
• Liquid

The prevalence of lactase in powder form is attributed to its ease of storage and handling, longer shelf life, and greater stability compared to liquid forms, making it a practical choice for food and beverage manufacturers.

Breakup by Application:

• Food and Beverages
o Milk
o Cheese
o Yogurt
o Others
• Dietary Supplements
• Pharmaceuticals

The food and beverages sector leads in lactase application due to the widespread demand for lactose-free dairy products, driven by the rising prevalence of lactose intolerance and consumer preference for healthier, digestive-friendly food options.

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Europe's dominance in the lactase market is largely due to its high lactose intolerance rates, stringent food quality regulations encouraging lactose-free product development, and a well-established dairy industry that continuously innovates lactose-reduced offerings.

Global Lactase Market Trends:

The global market is witnessing several emerging trends shaping its trajectory. One notable trend is the increasing innovation in enzyme engineering, leading to the development of more efficient and temperature-tolerant lactase variants. This advancement is crucial for enhancing the enzyme's application in various dairy processing temperatures, thereby broadening its use across different dairy products. Along with this, the strategic expansion of lactase products into emerging markets, particularly in countries experiencing a rise in dairy consumption and health awareness is favoring the market.

Additionally, there's a growing inclination towards natural and organic food additives, prompting lactase producers to focus on natural sources and cleaner labeling to cater to this consumer preference. These trends collectively contribute to the dynamic growth and evolution of the lactase market.

Key highlights of the report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lactase Market to Worth US$ 442.9 Million by 2032 | With a 5.88% CAGR - IMARC Group here

News-ID: 3337365 • Views:

More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insights
India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India seafood
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025-2033
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 2.50 Billion Market Size in 2033: USD 5.90 Billion Market Growth Rate (CAGR) 2025-2033: 10.03% How Big is the India Mutual Funds Industry? The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. Request
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Expanding at a CAGR of 8.09%
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview: The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, Project Economics
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay. IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a

All 5 Releases


More Releases for Lactase

Lactase Market Leaders, Region, Product & Application
Persistence Market Research (PMR) has published a research report titled "Lactase Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025." The report states that the global market for lactase is expected to be impacted by the growing application of lactase enzyme and its various benefits. The increasing awareness among people is further expected to bode well for the growth of the market in the coming years. According to PMR, the global
Lactase Market Overview by Advance Technology, Future Outlook 2028
Lactase Market size was valued at USD 240.6 Million in 2020 and is projected to reach USD 482.1 Million by 2028, growing at a CAGR of 6.60% from 2021 to 2028. Lactase, also known as lactase-phlorizin hydrolase, is an enzyme naturally found in yeast, fungi and the small intestines of mammals, which hydrolyzes beta(β)-galactosides into simple sugar glucose and galactose. Its deficiency in the gut can lead to the development of
Lactase Market | Smart Technologies Are Changing in Industry
Fairfield Market Research has conducted an exhaustive and fact-driven study on the Lactase market taking demand and supply, profitability, growth potential, and all other critical aspects into careful consideration. Our report can be considered the definitive source of relevant data points that enable you to make important decisions with far-reaching implications. Our research analysts come with years of experience in diverse industries and deploy our proprietary, in-house methodology to verify primary
Lactase Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the Lactase market analysis, which studies the Lactase's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “Lactase Market 2020-2025” Research Report categorizes the global Lactase market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth rate, opportunities and trends,
Lactase Enzyme Market Forecast by 2025: QY Research
In the recently published report, QY Research has provided a unique insight into the global Lactase Enzyme market for the forecasted period of 7-years (2018-2025). The report has covered the significant aspects that are contributing the growth of the global Lactase Enzyme market. The primary objective of this report is to highlight the various key market dynamics such as drivers, trends, and restraints that are impacting the global Lactase Enzyme
Lactase Enzyme Market - Lactase Enzyme Remains on the Crest of Demand Graph as …
Established Lactase Enzyme Manufacturers Eye Latent Opportunities in Emerging Markets Well-established manufacturers of lactase enzymes, with their occupancy largely concentrated in Europe, are eyeing consolidation in emerging markets to strengthen their global market foothold. These manufacturers are now targeting untapped opportunities in the developing nations. Leading players such as Koninklijke DSM N.V. are witnessing significant business expansion related to dietary supplements, which is a key application area of lactase enzyme, in