New York, NY -- (SBWIRE) -- 10/23/2020 -- The global Lactase market accounted for over US$ 200 million in 2019. It is anticipated to grow at a CAGR of ~5.0% from 2020 to 2030.

Lactase is an enzyme present in the brush borders of the small intestine and breaks down lactose, a form of sugar that is present in milk. It enables the digestion of milk by hydrolyzing lactose into glucose and galactose. People suffering from lactose intolerance are unable to digest the lactose that is present in milk & milk products due to the lack of lactase. The inability to produce adequate lactase, leads to the fermentation of lactose in the intestine, further leading to undesirable side effects such as bloating and diarrhea on the consumption of dairy products. In the food & beverage industry, lactase is commonly utilized to catalyze the hydrolysis of lactose for the production of lactose-reduced or lactose-free products such as milk, cream, yogurt, cheese, and others.

Download PDF for Deep Analysis on COVID-19's Impact on "Lactase Market" @ https://www.marketindustryreports.com/pdf/398

Top Players:

Some of the prominent players in the global lactase market include Advanced Enzyme Technologies, Amano Enzyme Inc., Chr. Hansen Holding A/S, DuPont, Enmex, Kerry Inc., Koninklijke DSM N.V., Merck KGaA, Novozymes, and Senson, among others.

Technological Growth:

The lifestyles of people in various parts of the world have changed drastically over the past few decades. This has adversely affected their food habits and in turn, their health. The number of lactase deficient populations in different regions has also increased considerably. This is one of the primary factors driving the growth of the lactase market. The growing geriatric population across the globe is also leading to an increased demand for lactose-reduced or lactose-free products. Moreover, a rise in health-conscious customers coupled with innovations focused on the development of new & innovative dairy products is playing a crucial role in driving the growth of the lactase market.

On the other hand, the lack of transportation & storage infrastructure, primarily in developing countries, will hamper the market growth to a certain extent. Developing countries lack port & shipping systems due to which they have to depend on their neighboring countries for imports. This increases the supply chain length, further increasing the tax that is levied on goods & services. This, in turn, inflates the costs of imported lactase-containing products. The obligation on manufacturers to comply with regulatory standards in different countries and the necessity to obtain various certifications, such as Kosher and Halal, will also hinder the market growth to a certain extent.

National Center for Biotechnology Information (NCBI) states that approximately 65 percent of the world's population is lactase deficient. Also, as per the latest census reports, the geriatric population rate in Japan is rising significantly with approximately 35 million people in the age group, 65 years & above, which accounts for roughly 28 percent of the total population. This population in Japan mostly prefers easy-to-consume meals, thus propelling the demand for lactose-free dairy products in the country.

By Source -
Bacteria,
Fungi,
and Yeast

By Form -
Dry
Liquid

By Application -
Food & Beverage
Pharmaceutical Products & Dietary Supplements

Get Free Customization @ https://www.marketindustryreports.com/free-customization/398

Regional Analysis:

North America will hold the largest share of the lactase market during the forecast period owing to the increasing consumption of dairy-based foods & beverages, rising awareness among consumers, and their willingness to spend on products containing lactase. However, the Asia Pacific region will grow at the fastest CAGR during the forecast period owing to key players focused on expanding their presence in the region and growing awareness among the masses.

Table of Contents

1.INTRODUCTION
1.Market Definition
2.Market Ecosystem
1.Market Classification
2.Geographic Scope
3.Years Considered for the Study
1.Historical Years – 2016 & 2017
2.Base Year – 2018
3.Forecasted Years – 2019 to 2030
3.Currency Used for the Study
4.Report Beneficiary List

2.RESEARCH METHODOLOGY
1.Research Framework
2.Data Collection Technique
3.Data Sources
1.Secondary Sources
2.Primary Sources
4.Market Estimation Methodology
1.Bottoms Up Approach
2.Top Down Approach
5.Data Validation and Triangulation
1.Market Forecasting Model
2.Limitations of the Study
3.Assumptions of the Study

3.ABSTRACT OF THE STUDY

4.MARKET DYNAMICS ASSESMENT
1.Overview
2.Drivers
3.Barriers/Challenges
4.Opportunities

Have Anay Query? Inquire Here @ https://www.marketindustryreports.com/inquiry/398

In the end, Lactase Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

About Market Industry Reports
Market Industry Reports is a global leader in market measurement & advisory services, Market Industry Reports is at the forefront of innovation to address the worldwide industry trends and opportunities. We identified the caliber of market dynamics & hence we excel in the areas of innovation and optimization, integrity, curiosity, customer and brand experience, and strategic business intelligence through our research.

Contact Us:

Phone: + 91 8956767535
Email: sales@marketindustryreports.com