Lactase Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Lactase Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global lactase market grew at a CAGR of around 6% during 2015-2020. Lactase, also known as lactase-phlorizin hydrolase, is an enzyme naturally found in yeast, fungi and the small intestines of mammals, which hydrolyzes beta(β)-galactosides into simple sugar glucose and galactose. Its deficiency in the gut can lead to the development of lactose intolerance, which results in abdominal cramping and diarrhea after ingesting milk products. Consequently, lactase is added to regular milk for preventing the symptoms of lactose intolerance and enables individuals to consume adequate amounts of milk. Lactase is also available in different dosage forms, including drops, capsules and tablets.

A significant rise in the number of individuals suffering from lactose intolerance is positively influencing the demand for lactose-free dairy products. This represents one of the key factors positively influencing the lactase demand to produce lactose-free milk products. Moreover, the growing awareness about health and wellness among individuals is promoting the adoption of lactase pills, which are taken before consuming dairy products to help ease irritable bowel syndrome (IBS) symptoms. Apart from this, as liquid lactase has better functionality and high activity, it is finding extensive application in the pharmaceutical industry for manufacturing syrups and tonics. The leading market players are also introducing new delivery forms, such as strength caplets and fast-acting chewable tablets, to prevent lactose digestion problems like gas, nausea and stomachache. Furthermore, the growing awareness among individuals about healthy digestion and proper functioning of the immune system is anticipated to drive the market. Looking forward, IMARC Group expects the global lactase market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global lactase market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, source, form and application.

Breakup by Source:

Fungi
Yeast
Bacteria

Breakup by Form:

Powder
Liquid

Breakup by Application:

Food and Beverages
- Milk
- Cheese
- Yogurt
- Others
Dietary Supplements
Pharmaceuticals

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Enzyme Technologies, Antozyme Biotech Pvt Ltd, Biolaxi Corporation, Chr. Hansen Holding A/S, Creative Enzymes, DuPont de Nemours Inc., Kerry Inc., Koninklijke DSM N.V., Merck KGaA, Novozymes A/S and Polttimo Oy.

Key Questions Answered in This Report:

How has the global lactase market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global lactase market?
What are the key regional markets?
What is the breakup of the market based on the source?
What is the breakup of the market based on the form?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global lactase market and who are the key players?
What is the degree of competition in the industry?