Lactase Market:
Growth opportunities in the lactase market look promising over the next six years. This is mainly due to the growing changing lifestyle, the escalating trend of nourished diets, and several benefits like protection against cancer, heart attack, etc.
Lactase Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The rising lactose intolerance among the population along with the altering lifestyle and the augmenting demand in the food and beverages sector, are some of the drivers contributing to the growth of the global lactase market. Lactose is used as an alternative for milk sources by people with the problem of digesting milk and other sources. Also, the increasing inclination towards dietary and nutritional supplements by individuals and athletes with surging health and fitness awareness throughout the world has strengthened the lactase market share. For example, in accordance with the Annual Reviews Organizations, the business of global dietary supplements contributes approximately USD 100 Billion sales per year.
Dietary supplements include lactose which has remarkable health benefits including better nutrient levels, prevention against disease or health problems including osteoporosis, heart attacks, cancer, tooth decay, neural tube defects in infants, etc. Furthermore, the augmenting preference for fitness and nutritional diets across the young and senior populations promotes market growth. However, insufficient cold storage and transportation facility, which enforced the high cost of the final sources, will hinder the market growth. The widespread outbreak of the coronavirus pandemic has disrupted the demand and supply chain of raw materials, is restricting the market growth.
Source Segment Drivers
Based on the source, yeast is projected to dominate the market over the forecast period. This is owing to the stimulating demand at the time of the COVID-19 pandemic, as it is a part of a healthy mix of bacteria that helps to boost the immune system. Also, they can absorb vitamins and minerals from food and assists in fighting against diseases.
Regional Drivers
Based on the regional coverage, North America is predicted to lead the market over the forecast period. This is primarily attributed to the intensifying demand in pharmaceutical manufacturing, growing acquisition of dietary supplements led by the rising occurrence of chronic and infectious diseases including cancer, diabetes Covid-19, and an acceleration in health consciousness among individuals. For instance, the report published by the Public Health Organization stated that the consumption of dietary supplements in the United States was valued at 12 Billion annually.
Lactase Market’s leading Manufacturers:
- Calza Clemente
- Sternenzyme
- Hansen A/S
- Specialty Enzymes & Biotechnologies
- Senson
- Dsm Chemicals
- Merck KGaA
- Amano Enzyme Inc.
- Advanced Enzyme Technologies Limited
- Nature’s Way Sources, Llc.
- Natural Factors Inc.
- Dupont De Nemours and Company
Lactase Market Segmentation:
Segmentation by Source
- Fungi
- Yeast
- Bacteria
Segmentation by Form
- Dry
- Liquid
Segmentation by Application
- Dietary Supplements
- Pharmaceuticals
- Food and Beverages
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
