Galactosidase Market Size to Boost USD 2.90 Billion By 2032 | CAGR 6.3% - Published by Emergen Research

The global galactosidase market size was USD 1.58 Billion in 2022 and is expected to register a rapid revenue CAGR of 6.3% during the forecast period. Rising demand for galactosidase from the Food & Beverage (F&B) industry and medical applications such as blood group conversion and rapid advancements in enzyme technology are key factors driving market revenue growth.

The galactosidase market refers to the global industry involved in the production, distribution, and application of galactosidase enzymes. Galactosidase is a type of enzyme that catalyzes the hydrolysis of galactosides into monosaccharides, such as glucose and galactose. There are different types of galactosidase, such as alpha-galactosidase and beta-galactosidase, which have specific roles in breaking down complex sugars. These enzymes are widely used in the food and beverage industry, pharmaceuticals, and dietary supplements. The rising demand for lactose-free dairy products, advancements in enzyme technology, and the increasing prevalence of lactose intolerance are key factors driving the growth of the galactosidase market.

 The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Drivers of the Galactosidase Market :

One of the primary drivers of the galactosidase market is the increasing prevalence of lactose intolerance across the globe. Lactose intolerance is the inability to digest lactose, a sugar found in milk and dairy products, due to the insufficient production of the enzyme lactase (a type of beta-galactosidase). As the awareness and diagnosis of lactose intolerance increase, so does the demand for lactose-free food products. Galactosidase enzymes, especially lactase, are added to dairy products to break down lactose, allowing people with lactose intolerance to consume these products without discomfort.

The growing health-conscious population is another significant factor contributing to the market's expansion. Consumers are increasingly opting for dietary supplements and functional foods that support digestive health. Alpha-galactosidase, which helps in breaking down complex carbohydrates in foods like beans and legumes, is often used in supplements to prevent digestive issues such as gas and bloating. The rising demand for such supplements has boosted the adoption of galactosidase enzymes in the nutraceutical sector.

Restraints of the Galactosidase Market :

Despite its growth, the galactosidase market faces some restraints. One major challenge is the high cost associated with enzyme production. The process of extracting and purifying galactosidase enzymes can be expensive, leading to higher costs for end-users, particularly in the food and pharmaceutical industries. This may limit the widespread adoption of galactosidase enzymes, especially in price-sensitive markets.

Another restraint is the limited awareness of the benefits of galactosidase enzymes in some regions. While lactose-free products and digestive health supplements are popular in North America and Europe, there is still a lack of awareness in emerging markets. This can affect market penetration in these areas, despite the growing prevalence of lactose intolerance and digestive health concerns globally.

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Growth Factors of the Galactosidase Market :

Several factors are contributing to the growth of the galactosidase market. The increasing demand for functional foods and dietary supplements that improve digestive health is one of the key growth drivers. As more consumers seek products that promote gut health and prevent digestive discomfort, the use of galactosidase enzymes, particularly alpha-galactosidase, in supplements is expected to rise.

The dairy industry also plays a crucial role in the market's growth. With the growing trend towards lactose-free dairy products, many manufacturers are incorporating galactosidase enzymes into their production processes. The shift towards plant-based dairy alternatives, which often require the addition of enzymes to enhance texture and taste, is another factor contributing to the demand for galactosidase enzymes.

The report also discusses the key players involved in the market such as:

Biocompare, Megazyme Ltd., JINAN BESTZYME BIOENGINEERING CO. LTD., Prospec-Tany Technogene Ltd., Pharming Group N.V., ISU ABXIS, Protalix Biotherapeutics, Chiesi Limited, Aumgene Biosciences, Amano Enzyme, Inc., Novozymes, Bestochem, DuPont, Konochem Co., Ltd., and Sangamo Therapeutics, Inc

The report provides a thorough estimation of the overall impact of the pandemic on the Galactosidase Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Galactosidase Market

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Galactosidase Market Segment Analysis :

For the purpose of this report, Emergen Research has segmented the global galactosidase market on the basis of product, form, application, and region:

Product Outlook (Revenue, USD Billion; 2019-2032)
Alpha Galactosidase
Beta Galactosidase

Form Outlook (Revenue, USD Billion; 2019-2032)
Capsule
Tablet
Others

Application Outlook (Revenue, USD Billion; 2019-2032)
Food & Beverages (F&B)
Pharmaceuticals
Pulp and Paper
Feed
Others

Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa

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