Thelactase marketsize is estimated to be valued at USD 247 million in 2022 and is projected to reach USD 336 million by 2027, recording a CAGR of 6.3% during the forecast period in terms of value. Heavy investments are being made in RD by global giants to manufacture lactase products for the pharmaceutical, dietary supplements and food and beverage industry. The global lactase market has realized opportunities in terms of growing cases of lactose intolerance, increasing health awareness and rising interest in functional foods.
Some of the Prominent Key Players are:
- CHR. Hansen Holdings A/S (Denmark)
- Kerry Group plc. (Ireland)
- Koninklijke DSM N.V. (the Netherlands)
- Novozymes A/S (Denmark)
- Merck KGaA (Denmark)
- IFF (US)
- Amano Enzyme Inc. (Japan)
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Lactase Market Growth Drivers:
- Increasing Lactose Intolerance Awareness:As awareness of lactose intolerance grows globally, more individuals are seeking lactase supplements to aid in the digestion of dairy products. This increased awareness has expanded the consumer base for lactase products.
- Rising Demand for Lactose-Free Products:The demand for lactose-free and dairy-free products is on the rise due to a growing number of individuals with lactose intolerance or those who choose to follow a dairy-free diet. Lactase is a crucial ingredient in the production of these products, driving the market growth.
- Changing Consumer Dietary Preferences:Shifts in dietary preferences, including the adoption of healthier lifestyles and specialized diets, have led consumers to explore alternatives to traditional dairy products. Lactase supplements enable individuals to enjoy dairy without experiencing discomfort, catering to evolving consumer preferences.
- Global Increase in Dairy Consumption:Despite the rise in lactose intolerance awareness, there is still a significant global increase in dairy consumption. Lactase is utilized to enhance the digestibility of dairy products, allowing individuals to enjoy the nutritional benefits of dairy without the discomfort associated with lactose intolerance.
- Growing Health and Wellness Trends:The focus on health and wellness has prompted consumers to seek products that support digestive health. Lactase supplements contribute to improved digestion of lactose, aligning with the broader trend of functional foods and ingredients that promote overall well-being.
By application, the food beverages segment is estimated to occupy the largest market share in terms of value
By application, the food beverages segment is estimated to occupy the largest market share in the lactase market. The lactase enzyme is an enzyme that some people are unable to produce in their small intestines. Without it, lactase-deficient people cannot break down the natural disaccharide in milk. Adding lactase to milk hydrolyzes the lactose naturally found in milk, leaving it slightly sweet but digestible. This property of the enzyme increases its wider application in the food beverages industry.
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Asia Pacific is projected to grow with the highest CAGR in the lactase market during the forecast period
The Asia Pacific region is projected to grow at the highest CAGR during the forecast period and occupies a significant share in the global lactase market. The increasing awareness regarding lactose intolerance in both adults and infants is gaining momentum in the region. Additionally, the demand for lactose-reduced infant formula and lactose-free products for adult nutrition is significantly catering to the growth of the lactase market in the region. Asia Pacific is also witnessing significant expansion in terms of production by key players operating in the market. The regional manufacturers are currently focusing on new product developments and strategic deals such as partnerships, collaborations, and expansions to create more awareness among consumers and cater to the growing demand.
