The report is titled ‘Lactase Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Lactase market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market.
In 2019, the global lactase market is accounted for more than US$ 200 Mn and expected to grow at a significant CAGR of 6.4% during the forecast period of 2022 to 2030.
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Lactase, also known as lactase-phlorizin hydrolase, can be comprehended as an enzyme present in the bowels of mammalian that stimulates the dissection of lactose (milk sugar) in the form of galactose and plain sugars glucose. In humans, lactase is specifically found in copious amounts during the period of infancy.
The lactase enzymes excavated from bacteria sources have been utilized for the process of lactose hydrolysis owing to a number of benefits such as higher activity and balance of the fermentation and enzymes. Lactase is extensively utilized in the food and beverages industry, and also finds application in dairy products as it utilizes the lactose content and makes the products lactose-free.
Lactase Market Dynamics
In the modern day and age, there is a rapid rise in people all across the world who are suffering from lactose intolerance which is resultantly positively fueling the demand of lactose-free dairy products worldwide. This is considered as a leading factor expected to boost the growth of the global lactase market in the forthcoming years.
In addition to that, the brisk surge in awareness about healthy lifestyle and entire well-being among individuals all around the world is also encouraging the adoption of lactose-free products and lactase pills, which helps individual in easing symptoms of irritable bowel syndrome (IBS), if taken before consumption of dairy products.
Also, the liquid lactase is proven to improve functionality and high activity, which is further accelerating its demand across the global markets. On top of that, lactase finds comprehensive application in the pharmaceutical industry for developing tonics and syrups. Attributing to which, the global lactase market is projected to witness significant growth in the coming years.
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Lactase Market Segmentation
The global lactase market is segmented on the basis of source, form, application, and region
- Food & beverage
- North America
- Latin America
- Asia Pacific
- Middle East
Lactase Market Key Players
The key participating players of the global lactase market include Chr. Hansen Holding A/S, Kerry Inc., Koninklijke DSM N.V., Novozymes, Merck KGaA, DuPont, Senson, Amano Enzyme Inc., Advanced Enzyme Technologies, Enmex, among others.
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