Global Lactase Market to 2027: Growing Lactose Intolerance in Infants and Adults Fuels the Sector

DUBLIN, April 20, 2023 /PRNewswire/ -- The "Lactase Market by Source (Yeast, Fungi, and Bacteria), Form (Liquid and Dry), Application (Food & Beverages and Pharmaceutical products & Dietary Supplements), Region (North America, Europe, Asia Pacific, South America and RoW) - Global Forecast to 2027" report has been added to  ResearchAndMarkets.com's offering.

The global lactase market is estimated to be valued at USD 247 million in 2022. It is projected to reach USD 336 million by 2027, at a CAGR of 6.3%, in terms of value, between 2022 and 2027. 

By source, the yeast segment occupies the largest market share during the forecast period in terms of values.

Based on the source, the yeast segment is estimated to occupy the largest market share during the forecast period. Lactase enzyme is extracted from different sources like bacteria, fungi, and yeast. Yeast is one of the major sources for the extraction of lactase enzymes. Kluyveromyces lactis and Kluyveromyces fragilis (Sacchoramyces fragilis) are recognized as safe" (GRAS) by the Food & Drug Administration (FDA). Therefore, lactase enzyme sourced from yeast finds major applications in the food & beverage industry, especially in the dairy industry.

By form, the liquid segment is forecasted to account for the largest market share in terms of value.

Based on form, the liquid segment accounts for the largest market share, and it will dominate the market in terms of value during the forecast period. The liquid form of lactase enzyme is lucid and allows a proper blending of ingredients and improved biological reaction. It is directly used in liquid form or sprayed and absorbed on a solid carrier.

By application, pharmaceutical products & dietary supplements are the fastest-growing segments during the forecast period.

Based on application, the pharmaceutical products & dietary supplements segment accounts for the largest market share in 2022. Medicines containing lactase are available in the market for lactose-intolerant consumers. These medicines are taken before consuming milk or milk products. Lactase enzyme has different applications in the pharmaceutical industry from being used as an excipient in tablets to chewable lactase tablets for people suffering from lactose intolerance. These lactase supplements not only help in overcoming symptoms of lactose intolerance but also help in meeting other dietary calcium needs by increasing dairy intake.

Asia Pacific is growing at the highest rate for the lactase market during the forecast period.

Asia Pacific is estimated to grow with the highest CAGR during the forecast period in the lactase market, growing between 2022 and 2027.

The region is dominated by large-scale operations, primarily focused on exports, with an organized distribution chain. The innovative product development in the region is backed by appropriate research and development facilities available. China is projected to be the largest lactase market in the Asia Pacific during the forecast period.

The increasing level of awareness regarding the benefits of lactose-free products and the lactose-intolerant population in the country is inclined toward consuming lactase enzymes through tablets and liquid drops which boosts the lactase market. Additionally, the region also offers a lucrative opportunity for companies to set up manufacturing plants due to the availability of raw materials, low-cost labor, etc.

Market Dynamics

Drivers

• Growing Lactose Intolerance in Infants and Adults
• Growth in Technological Advancements in End-User Applications
• Increasing Awareness Among People About Food Allergies

Restraints

• Rising Preference for Dairy-Free Alternatives and Vegan Diets
• Differences in Regulatory Framework Across Regions

Opportunities

• Increasing Demand for Lactase for Producing Lactose-Free Products
• Enhanced Research and Development to Find New Sources of Lactase Extraction and Enzyme Application

Challenges

• High Processing Cost and Lack of Technical Expertise
• Concerns Over Adulteration and Quality of Enzymes Used

Case Studies

• Need for Lactose-Free and High-Fiber Solutions in Dairy Industry
• Need for Lactose-Free and Reduced-Sugar Yogurt

Companies Mentioned

• Advanced Enzyme Technologies
• Amano Enzyme Inc.
• Antozyme Biotech Pvt. Ltd.
• Aumgene Biosciences
• Biolaxi Enzymes Pvt. Ltd.
• CHR. Hansen Holdings A/S
• Creative Enzymes
• Enzyme Bioscience Pvt. Ltd.
• Infinita Biotech Pvt. Ltd.
• International Flavors & Fragrances Inc. (Iff)
• Kerry Group plc
• Koninklijke Dsm N.V.
• Merck KGaA
• Mitushi Biopharma
• Nature Bioscience Pvt. Ltd.
• Novact Corporation
• Novozymes A/S
• Oenon Holdings Inc.
• Senson
• Ultreze Enzymes

For more information about this report visit https://www.researchandmarkets.com/r/kocl92

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