Lactase revolutionizes the food industry by enabling lactose-intolerant consumers to savor dairy delights without discomfort. As demand soars, the Lactase market experiences exponential growth, offering diverse applications in dairy products, baked goods, and beverages. Food manufacturers embrace this enzyme’s prowess to craft lactose-free alternatives, catering to a broader, more inclusive audience.
Future Market Insights’ study indicates that the lactase market would grow at a CAGR of 4.8% over the predicted time frame. The sector is expected to increase in value from US$ 219.9 million in 2022 to US$ 351.4 million in 2032. The Lactase Market was worth US$ 210.2 Million by the end of 2021.
Lactase is an enzyme present in the gut of human beings and other mammals which is utilized in the breakdown of lactose into glucose and galactose. Lactose is present in dairy products, and lactase helps in the digestion of said products. To counter this problem, lactase supplements are utilized to treat this disorder, or lactase is added to dairy products to break down lactose before consumption.
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Lactase Market- Market Dynamics:
According to few studies, there are 10-20% people are lactose intolerant in US alone. Some ethnicities harbor this problem in higher percentages. Lactose supplements are prescribed for said individuals, or lactose is added to the dairy product to break down lactose before consumption. Due to these disorders, there is avoidance of the intake of dairy products. In the long term, the avoidance of said products can lead to problems like osteoporosis.
Lactase supplements are also prescribed for other problems of indigestion as well like Irritable bowel syndrome, bloating, gasses etc. With the exponential rise I h e healthcare market, we can expect to see a significant rise in CAGR for lactase market throughout the forecasted period of 2016-2026. Lactase is widely used in the dairy production. The properties of lactase help reduce the lactose content in the products while sweetening the product and reduced viscosity.
Lactase Market- Regional Outlook:
In terms of geography, the lactase market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The lactase market is expected to exhibit an above average CAGR during the forecast period. Asia Pacific region is expected to witness a high demand for lactase over the forecasted period. Highest growth is expected to be seen specifically from India and China. Significant growth will also be witness in Middle East and Africa, Eastern Europe and Latin America.
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Lactase Market- Major Players:
Some of the key players in the lactase market are Parchem fine & specialty chemicals, McNeil Nutritionals, LLC, Nutriteck, Shandong Tianjiu Bio-Tech Co., Ltd., Mitushi Biopharma, Amano Enzyme, Inc., OENON Holdings, Inc., Dumoco, Nisarg Life Sciences India Pvt. Ltd., Avanscure Lifesciences Pvt. Ltd.,
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Regional analysis includes
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- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Lactase Market- Market Segmentation:
Based on the Source, the Lactasemarket is segmented into:
- Animal
- Fungus
- plants
Based on end use, the Lactasemarket is segmented into:
- Food and Beverages
- healthcare
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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