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Lactase Market Size Worth USD 357.1 Million in 2028, Market Trends – Increasing demand for lactose-free dairy products

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Lactase Market Size Worth USD 357.1 Million in 2028, Market Trends – Increasing demand for lactose-free dairy products

April 22
17:28 2021
The global lactase market size reached USD 220.7 Million in 2020, and is expected to register a CAGR of 6.3% during the forecast period

The global lactase market size is expected to reach USD 357.1 Million in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing number of lactose-intolerant cases around the world, growing concerns regarding digestive issues due to the consumption of dairy products, and shifting consumer preference towards lactose-free dairy products. Increasing demand for lactase, which reduces lactose content in dairy products, is driving market revenue growth currently.

Key players in the market include HANSEN HOLDINGS A/S, Kerry Group, Koninklijke DSM N.V., Novozymes, Merck KGaA, DuPont, Amano Enzyme, Advanced Enzyme Technologies, Mitushi Biopharma, and Rajvi Enterprise.

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The report projects the market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage with regard to company profiles, product portfolio, revenue generation, financial standing, and market position. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration.

Emergen Research has segmented the global lactase market on the basis of form, source, application, and region:

  • Form Outlook (Revenue, USD Million; 2018–2028)
    • Liquid
    • Dry
  • Source Outlook (Revenue, USD Million; 2018–2028)
    • Yeast
    • Fungi
    • Bacteria  
  • Application Outlook (Revenue, USD Million; 2018–2028)
    • Food & beverage (Cheese, milk, ice-cream, yoghurt)
    • Dietary supplements
    • Pharmaceutical products

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/lactase-market

Lactase Market Segmentation by Regions:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Objectives of the Report:

  • Study of the global Lactase market size by key regions, types, and applications with reference to historical data (2018-2019) and forecast (2021-2028)
  • Industrial structure analysis of the Lactase market by identification of various sub-segments
  • Extensive analysis of key market players along with their SWOT analysis
  • Competitive landscape benchmarking
  • Analysis of Lactase market based on growth trends, futuristic outlook, and contribution to the total growth of the market
  • Analysis of drivers, constraints, opportunities, challenges, and risks in the global Lactase market
  • Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

           1.4.1. Primary

           1.4.2. Secondary

           1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Lactase Market Segmentation & Impact Analysis

    4.1. Lactase Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Rising demand for lactose-free dairy products

                    4.2.2.2. Increasing number of lactose-intolerance among the growing population

                    4.2.2.3. Increasing R&D activities for new product development

          4.2.3. Market restraints analysis

                    4.2.3.1. High processing cost

                    4.2.3.2. Rising demand for dairy-free alternatives

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Lactase Market By Form Insights & Trends, Revenue (USD Million)

    5.1. Form Dynamics & Market Share, 2021-2028

          5.1.1. Liquid

          5.1.2. Dry

Chapter 6. Lactase Market By Source Insights & Trends Revenue (USD Million)

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Thank you for reading our report. For further queries regarding the report or customization options, please connect with us. Our team will ensure you get a report well-suited to your needs. 

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Website: https://www.emergenresearch.com/industry-report/lactase-market

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