The global lactase enzyme market enjoyed year-on-year (YoY) growth of 3.7% in 2021. The U.S. lactase enzyme market grew 3.4%, settling initial skepticism about how the market would perform during a global pandemic.
This detailed report released by Fact.MR estimates that the lactase enzyme market is set to progress a CAGR of 3.7% and top a valuation of US$ 1 Bn by 2031. Lactase enzymes hold around 10% market share in the global enzymes market.
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The major players in the global Lactase Enzyme market are:
- Natural Factors Nutritional Products Ltd.
- Symrise AG
- Mitushi Biopharma
- Chr. Hansen Holding A/S
- Advanced Enzyme Technologies Limited
- DuPont de Nemours and Company
- DSM Chemicals
- Novozymes A/S
- Merck KGaA (Sigma-Aldrich)
- Calza Clemente
- Nature BioScience Pvt. Ltd.
- Biolaxi Corp.
- Novact Corp,
- Aumgene Biosciences
- Infinita Biotech Pvt. Ltd.,
Consumption of lactase enzymes has been increasing due to rising consumer awareness about their nutritious and efficient qualities. Key lactase enzyme suppliers have sustained to signify their products in the global market, which has augmented demand for lactase enzymes across the world.
|Lactase Enzyme Market Size in 2020||US$ 679.5 Mn|
|Market Forecasted Value for 2031||US$ 1 Bn|
|Global Market Growth Rate (2021 – 2031)||3.7% CAGR|
|Europe Market Share||34.6%|
Key Segments Covered in Lactase Enzyme Industry Analysis
- By Product Type
- Fungal Lactase Enzymes
- Neutral Lactase Enzymes
- By Form
- Liquid Lactase Enzymes
- Dry Lactase Enzymes
- By End-use Application
- Lactase Enzymes for Dietary Supplements
- Lactase Enzymes for Food & Beverages
- Dairy Products
- Infant Formula
- Lactase Enzymes for Pharmaceuticals
This report also divides the market by region: Breakdown data in Chapters 4, 5, 6, 7, and 8.
Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, United Kingdom, Italy, Russia, Middle East and Africa, Egypt, South Africa, Israel, Turkey, GCC countries
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This study especially analyzes the impact of the Covid-19 epidemic on the Lactase Enzyme, covering supply chain analysis, assessing the impact on the growth rate of the Lactase Enzyme market size in several scenarios and the actions to be taken by Lactase Enzyme’s businesses in response to the COVID-19 outbreak.
The objective of the studies:
– To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the global Lactase Enzyme Market.
-Provide information on factors affecting the growth of the market. To analyze the Lactase Enzyme Market based on various factors- price analysis, supply chain analysis, Gate Five force analysis, etc.
-Provide historical and forecast revenue of market segments and sub-segments for four major geographies and their countries – North America, Europe, Asia, Latin America and Rest of the World.
-Provide country level market analysis relative to current market size and future prospects.
– To provide country level market analysis for the segment by application, product type and sub-segments.
-Provide a strategic profile of the major market players, by deeply analyzing their core competencies and drawing a competitive landscape for the market.
– Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Lactase Enzyme Market.
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