According to Stratistics MRC, the Global Lactase Market is accounted for $207.58 million in 2019 and is expected to reach $398.68 million by 2027 growing at a CAGR of 8.5% during the forecast period. Increasing cases of lactose intolerance and increasing demand from lactose-free dairy product manufacturers and evolving lifestyle and dietary habits are the major factors propelling market growth. However, shifting preferences toward dairy-free alternatives are hampering the market growth.
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By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the growing awareness about lactose intolerance among customers and expansion of companies providing lactose-free products in the region are some of the major factors driving the growth of lactase in the region.
Some of the key players profiled in the Lactase Market include Advanced Enzyme Technologies Limited, Amano Enzyme Inc. , Calza Clemente, Chr. Hansen Holding A/S, DSM Chemicals, DuPont de Nemours and Company, Kono Chem, Merck KGaA (Sigma-Aldrich), Natural Factors Inc., Nature’s Way Products, LLC., Novozymes, Senson, Specialty Enzymes & Biotechnologies, Sternenzyme, Zhongnuo BioTech, Koninklijke DSM N.V., and Infinita Biotech Private Limited.
Products Covered:
• Acid Lactase
• Neutral Lactase
Sources Covered:
• Bacteria
• Fungi
• Yeast
• Plants
• Animal
Forms Covered:
• Liquid (Drops)
• Dry
Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider
Applications Covered:
• Food & Beverage
• Hospital
• Animal Feed
• Cosmetics and Personal Care
• Pharmaceutical
• Dietary Supplements
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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