Lactase Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Lactase Market covers analysis By Form (Dry, Liquid); Source (Yeast, Fungi, Bacteria); Application (Food and Beverage, Pharmaceuticals and Nutraceuticals, Dietary Supplements, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00019667
  • Category : Food and Beverages
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Lactase is an enzyme found in the gut of human beings and other mammals utilized in the breakdown of lactose into glucose & galactose. Lactose is present in dairy products, and lactase also helps in the digestion of said products. Lactase is predominantly utilized in the food & beverage application, majorly consumed as dairy enzymes, as it makes the dairy products lactose-free via reducing and/or eliminating the lactose content. The growing cases of lactose-intolerance across the globe is one of the major factors augmenting the product demand.

MARKET DYNAMICS

The lactase market has witnessed significant growth owing to factors such as wider application in food & beverage, pharmaceuticals & nutraceuticals, dietary supplements, and others. The significant rise in global demand for lactose-free food products is extending the range of food & beverage applications of lactase enzymes, which is further influencing the business strategies of market players in the lactase enzyme market. However, the availability of substitute products may impact the growth of the lactase market. Nevertheless, with the steady growth in the food processing industry and pharmaceutical industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Lactase Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lactase market with detailed market segmentation by form, application, source, and geography. The global lactase market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lactase market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global lactase market is segmented on the basis of form, application, and source. On the basis of form, the lactase market is segmented into dry and liquid. The lactase market on the basis of the application is classified into food & beverage, pharmaceuticals & nutraceuticals, dietary supplements, and others. On the basis of source, global lactase market is bifurcated into yeast, fungi, and bacteria.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global lactase market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The lactase market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the lactase market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the lactase market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global lactase market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The lactase market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the lactase market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the lactase market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global lactase market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from lactase market are anticipated to lucrative growth opportunities in the future with the rising demand for lactase in the global market. Below mentioned is the list of few companies engaged in the lactase market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lactase market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Advanced Enzyme Technologies
  •   Amano Enzyme
  •   Antozyme Biotech Pvt. Ltd.
  •   Aumgene Biosciences
  •   Chr. Hansen Holdings A/S
  •   DuPont
  •   Kerry Group
  •   Merck KGAA
  •   Nature Bioscience Pvt. Ltd
  •   Novozymes

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Lactase Market - By Form
1.3.2 Lactase Market - By Source
1.3.3 Lactase Market - By Application
1.3.4 Lactase Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. LACTASE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. LACTASE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. LACTASE MARKET - GLOBAL MARKET ANALYSIS
6.1. LACTASE - GLOBAL MARKET OVERVIEW
6.2. LACTASE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. LACTASE MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. DRY
7.3.1. Overview
7.3.2. Dry Market Forecast and Analysis
7.4. LIQUID
7.4.1. Overview
7.4.2. Liquid Market Forecast and Analysis
8. LACTASE MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
8.1. OVERVIEW
8.2. SOURCE MARKET FORECASTS AND ANALYSIS
8.3. YEAST
8.3.1. Overview
8.3.2. Yeast Market Forecast and Analysis
8.4. FUNGI
8.4.1. Overview
8.4.2. Fungi Market Forecast and Analysis
8.5. BACTERIA
8.5.1. Overview
8.5.2. Bacteria Market Forecast and Analysis
9. LACTASE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. FOOD AND BEVERAGE
9.3.1. Overview
9.3.2. Food and Beverage Market Forecast and Analysis
9.4. PHARMACEUTICALS AND NUTRACEUTICALS
9.4.1. Overview
9.4.2. Pharmaceuticals and Nutraceuticals Market Forecast and Analysis
9.5. DIETARY SUPPLEMENTS
9.5.1. Overview
9.5.2. Dietary Supplements Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

10. LACTASE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Lactase Market Overview
10.1.2 North America Lactase Market Forecasts and Analysis
10.1.3 North America Lactase Market Forecasts and Analysis - By Form
10.1.4 North America Lactase Market Forecasts and Analysis - By Source
10.1.5 North America Lactase Market Forecasts and Analysis - By Application
10.1.6 North America Lactase Market Forecasts and Analysis - By Countries
10.1.6.1 United States Lactase Market
10.1.6.1.1 United States Lactase Market by Form
10.1.6.1.2 United States Lactase Market by Source
10.1.6.1.3 United States Lactase Market by Application
10.1.6.2 Canada Lactase Market
10.1.6.2.1 Canada Lactase Market by Form
10.1.6.2.2 Canada Lactase Market by Source
10.1.6.2.3 Canada Lactase Market by Application
10.1.6.3 Mexico Lactase Market
10.1.6.3.1 Mexico Lactase Market by Form
10.1.6.3.2 Mexico Lactase Market by Source
10.1.6.3.3 Mexico Lactase Market by Application
10.2. EUROPE
10.2.1 Europe Lactase Market Overview
10.2.2 Europe Lactase Market Forecasts and Analysis
10.2.3 Europe Lactase Market Forecasts and Analysis - By Form
10.2.4 Europe Lactase Market Forecasts and Analysis - By Source
10.2.5 Europe Lactase Market Forecasts and Analysis - By Application
10.2.6 Europe Lactase Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Lactase Market
10.2.6.1.1 Germany Lactase Market by Form
10.2.6.1.2 Germany Lactase Market by Source
10.2.6.1.3 Germany Lactase Market by Application
10.2.6.2 France Lactase Market
10.2.6.2.1 France Lactase Market by Form
10.2.6.2.2 France Lactase Market by Source
10.2.6.2.3 France Lactase Market by Application
10.2.6.3 Italy Lactase Market
10.2.6.3.1 Italy Lactase Market by Form
10.2.6.3.2 Italy Lactase Market by Source
10.2.6.3.3 Italy Lactase Market by Application
10.2.6.4 United Kingdom Lactase Market
10.2.6.4.1 United Kingdom Lactase Market by Form
10.2.6.4.2 United Kingdom Lactase Market by Source
10.2.6.4.3 United Kingdom Lactase Market by Application
10.2.6.5 Russia Lactase Market
10.2.6.5.1 Russia Lactase Market by Form
10.2.6.5.2 Russia Lactase Market by Source
10.2.6.5.3 Russia Lactase Market by Application
10.2.6.6 Rest of Europe Lactase Market
10.2.6.6.1 Rest of Europe Lactase Market by Form
10.2.6.6.2 Rest of Europe Lactase Market by Source
10.2.6.6.3 Rest of Europe Lactase Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Lactase Market Overview
10.3.2 Asia-Pacific Lactase Market Forecasts and Analysis
10.3.3 Asia-Pacific Lactase Market Forecasts and Analysis - By Form
10.3.4 Asia-Pacific Lactase Market Forecasts and Analysis - By Source
10.3.5 Asia-Pacific Lactase Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Lactase Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Lactase Market
10.3.6.1.1 Australia Lactase Market by Form
10.3.6.1.2 Australia Lactase Market by Source
10.3.6.1.3 Australia Lactase Market by Application
10.3.6.2 China Lactase Market
10.3.6.2.1 China Lactase Market by Form
10.3.6.2.2 China Lactase Market by Source
10.3.6.2.3 China Lactase Market by Application
10.3.6.3 India Lactase Market
10.3.6.3.1 India Lactase Market by Form
10.3.6.3.2 India Lactase Market by Source
10.3.6.3.3 India Lactase Market by Application
10.3.6.4 Japan Lactase Market
10.3.6.4.1 Japan Lactase Market by Form
10.3.6.4.2 Japan Lactase Market by Source
10.3.6.4.3 Japan Lactase Market by Application
10.3.6.5 South Korea Lactase Market
10.3.6.5.1 South Korea Lactase Market by Form
10.3.6.5.2 South Korea Lactase Market by Source
10.3.6.5.3 South Korea Lactase Market by Application
10.3.6.6 Rest of Asia-Pacific Lactase Market
10.3.6.6.1 Rest of Asia-Pacific Lactase Market by Form
10.3.6.6.2 Rest of Asia-Pacific Lactase Market by Source
10.3.6.6.3 Rest of Asia-Pacific Lactase Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Lactase Market Overview
10.4.2 Middle East and Africa Lactase Market Forecasts and Analysis
10.4.3 Middle East and Africa Lactase Market Forecasts and Analysis - By Form
10.4.4 Middle East and Africa Lactase Market Forecasts and Analysis - By Source
10.4.5 Middle East and Africa Lactase Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Lactase Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Lactase Market
10.4.6.1.1 South Africa Lactase Market by Form
10.4.6.1.2 South Africa Lactase Market by Source
10.4.6.1.3 South Africa Lactase Market by Application
10.4.6.2 Saudi Arabia Lactase Market
10.4.6.2.1 Saudi Arabia Lactase Market by Form
10.4.6.2.2 Saudi Arabia Lactase Market by Source
10.4.6.2.3 Saudi Arabia Lactase Market by Application
10.4.6.3 U.A.E Lactase Market
10.4.6.3.1 U.A.E Lactase Market by Form
10.4.6.3.2 U.A.E Lactase Market by Source
10.4.6.3.3 U.A.E Lactase Market by Application
10.4.6.4 Rest of Middle East and Africa Lactase Market
10.4.6.4.1 Rest of Middle East and Africa Lactase Market by Form
10.4.6.4.2 Rest of Middle East and Africa Lactase Market by Source
10.4.6.4.3 Rest of Middle East and Africa Lactase Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Lactase Market Overview
10.5.2 South and Central America Lactase Market Forecasts and Analysis
10.5.3 South and Central America Lactase Market Forecasts and Analysis - By Form
10.5.4 South and Central America Lactase Market Forecasts and Analysis - By Source
10.5.5 South and Central America Lactase Market Forecasts and Analysis - By Application
10.5.6 South and Central America Lactase Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Lactase Market
10.5.6.1.1 Brazil Lactase Market by Form
10.5.6.1.2 Brazil Lactase Market by Source
10.5.6.1.3 Brazil Lactase Market by Application
10.5.6.2 Argentina Lactase Market
10.5.6.2.1 Argentina Lactase Market by Form
10.5.6.2.2 Argentina Lactase Market by Source
10.5.6.2.3 Argentina Lactase Market by Application
10.5.6.3 Rest of South and Central America Lactase Market
10.5.6.3.1 Rest of South and Central America Lactase Market by Form
10.5.6.3.2 Rest of South and Central America Lactase Market by Source
10.5.6.3.3 Rest of South and Central America Lactase Market by Application

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. LACTASE MARKET, KEY COMPANY PROFILES
12.1. ADVANCED ENZYME TECHNOLOGIES
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. AMANO ENZYME
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ANTOZYME BIOTECH PVT. LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. AUMGENE BIOSCIENCES
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. CHR. HANSEN HOLDINGS A/S
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. DUPONT
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. KERRY GROUP
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. MERCK KGAA
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. NATURE BIOSCIENCE PVT. LTD
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. NOVOZYMES 
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. ADVANCED ENZYME TECHNOLOGIES
2. AMANO ENZYME
3. ANTOZYME BIOTECH PVT. LTD.
4. AUMGENE BIOSCIENCES
5. CHR. HANSEN HOLDINGS A/S
6. DuPont
7. KERRY GROUP
8. MERCK KGAA
9. NATURE BIOSCIENCE PVT. LTD
10. Novozymes

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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