(MENAFN- Ameliorate Digital Consultancy)
The global lactase enzyme market is expected to grow at a 4% CAGR from 2023 to 2033. Lactase enzyme sales are expected to grow from a market valuation of US$ 742 million in 2023 to US$ 1.1 billion by the end of 2033.
Lactose intolerance has expanded significantly in recent years, and it is expected that this will be the key cause expanding lactase enzyme consumption in the next years. Because of the aforementioned factor, there is a strong need for lactose enzyme supplements such as lactase capsules, lactase tablets, and lactose intolerance pills.
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Other variables that are expected to enhance lactase enzyme demand over the decade include changing consumer food tastes, greater consumer nutrition knowledge, an aging population, a high demand for easy-digestible foods, and an increase in demand for lactose-free products. Over the next 10 years, the growing number of individuals opting for vegan, plant-based, and cruelty-free products is predicted to provide very lucrative new opportunities for existing as well as emerging enterprises in the worldwide marketplace.
Competitive Landscape:
Lactase enzyme companies are investing in the expansion of their research and development scope to increase the scope of application as many manufacturers are incorporating lactase enzymes in their product portfolio.
In June 2022, Provilac, a milk delivery firm in India announced the launch of its lactose-free cow milk offering. The company aims to expand its offerings and increase its market share in India by 10 to 20 percent over the coming years.
In August 2021, Good Culture, a cultured foods brand based in the United States announced the launch of its new line of lactose-free products. The product range includes lactose-free cottage cheese and lactose-free sour cream containing lactase enzymes.
In March 2020, Novozymes, a leading name in the global lactase enzyme industry landscape announced the launch of Saphera Fiber. The newly launched product was a lactase enzyme capable of reducing sugar content in dairy products while increasing fiber.
Key Players:
Symrise AG DSM Chemicals Hansen Holding A/S Biolaxi Corp. Novact Corp. Advanced Enzyme Technologies Limited DuPont de Nemours and Company Merck KGaA (Sigma-Aldrich) Natural Factors Nutritional Products Ltd. Mitushi Biopharma Novozymes A/S Sternenzyme Infinita Biotech Pvt. Ltd. Calza Clemente Senson Nature BioScience Pvt. Ltd. Aumgene Biosciences
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Regional Analysis:
The incidence of lactose intolerance in the United States has been steadily increasing, and this is expected to be a major factor driving lactase enzyme demand in the country. Other factors that are expected to impact lactase enzyme use in the country in the future include changing dietary preferences, a growing vegan population, increasing demand for plant-based goods, and increased obesity among people.
The elderly population in Japan is likely to continue expanding at a significant rate in the coming years, and this is a crucial element that will define the country's demand prognosis for lactase enzymes through 2033. Around 30% of the Japanese population is predicted to be over the age of 65, and they like to eat nutritious, easy-to-digest foods, which is expected to increase demand for lactase enzyme supplements.
Other reasons such as the adoption of sustainable lifestyles, the increasing consumption of organic foods, and the increased availability of lactose-free goods are expected to drive lactase enzyme sales in the country during the next 10 years.
Key Segments of Industry:
By Product Type: Fungal Lactase Enzymes Neutral Lactase Enzymes
By Form: By End Use: Food & Beverages Dietary Supplements Pharmaceuticals
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