Market Overview:
The global lactase market size is expected to reach USD 369.96 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.6% during the forecast period (2024 – 2032).
The lactase market is witnessing significant growth, primarily due to the increasing prevalence of lactose intolerance and a rising consumer preference for lactose-free dairy products. Lactase, an enzyme that hydrolyzes lactose into glucose and galactose, is essential for individuals with lactose intolerance to digest dairy products effectively.
Lactase Market Drivers:
- Rising Prevalence of Lactose Intolerance: A significant portion of the global population experiences lactose intolerance, leading to increased demand for lactase supplements and lactose-free dairy products.
- Growing Demand for Lactose-Free Products: Health-conscious consumers are increasingly seeking lactose-free and dairy-free alternatives, propelling the use of lactase in food and beverage applications.
- Technological Advancements in Enzyme Production: Innovations in enzyme extraction and production have enhanced the efficiency and application range of lactase, supporting market expansion.
Lactase Market Trends:
- Product Innovation: Manufacturers are developing new lactase formulations to cater to diverse consumer needs, including dietary supplements and fortified dairy products.
- Expansion into Emerging Markets: Companies are targeting regions with high lactose intolerance rates, such as Asia-Pacific, to introduce lactase-infused products.
- Sustainable Production Practices: There is a growing emphasis on environmentally friendly and sustainable methods in lactase enzyme production.
Lactase Market Challenges:
- High Production Costs: The extraction and purification processes for lactase can be expensive, impacting product pricing.
- Competition from Dairy Alternatives: The growing popularity of plant-based milk alternatives poses a challenge to lactase-infused dairy products.
- Regulatory Hurdles: Navigating varying global standards for enzyme use in food products can be complex for manufacturers.
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Key Companies in Lactase Market:
- Advanced Enzyme Technologies
- Amano Enzyme Inc.
- Antozyme Biotech Pvt. Ltd.
- Aumgene Biosciences
- Biolaxi Enzymes Pvt. Ltd.
- IFF
- Kerry Group plc
- Nature Biosciences Pvt. Ltd.
- Novact Corporation
Market Segmentation:
The Lactase Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Lactase, Source Outlook (Revenue – USD Million, Volume – Tons, 2019 – 2032)
- Yeast
- Fungi
- Bacteria
Lactase, Form Outlook (Revenue – USD Million, Volume – Tons, 2019 – 2032)
- Dry
- Liquid
Lactase, Application Outlook (Revenue – USD Million, Volume – Tons, 2019 – 2032)
- Food & Beverages
- Cheese
- Yogurt
- Milk
- Ice cream
- Others
- Pharmaceutical Products
- Dietary Supplements
Lactase Market Recent Developments:
June 2022:
Koninklijke DSM N.V. merged with Firmenich, a key player in the fragrance and flavors industry, to enhance the company’s presence in the nutrition, wellness, and beauty sectors.
February 2022: Kerry Group plc. completed the acquisition of the German biotechnology company c-LEcta, known for its expertise in enzyme manufacturing, precision fermentation, and bioprocessing of enzymes, to expand the company into the lactase enzymes market.
December 2023: Kerry Group announced a €150 million acquisition of the lactase enzymes business from Chr. Hansen and Novozymes. This includes NOLA Products and aimed to expand Kerry’s enzyme technology for lactose-free dairy, pending European Commission approval.
The lactase market is evolving rapidly, influenced by changing consumer preferences, technological advancements, and a growing emphasis on health and sustainability. Addressing current challenges and leveraging emerging opportunities will be crucial for stakeholders aiming to capitalize on this dynamic market landscape.