Lactase Market by Source (Yeast, Fungi, and Bacteria), Form (Liquid and Dry), Application (Food & Beverages and Pharmaceutical products & Dietary Supplements), Region (North America, Europe, Asia Pacific, South America and RoW) - Global Forecast to 2027
The global lactase market is projected to reach USD 336 million by 2027, at a CAGR of 6.3%, in terms of value, between 2022 and 2027. It is estimated to be valued at USD 247 million in 2022. Lactose is a type of sugar found in milk and other dairy products, lactase is an enzyme that helps in breaking down the milk sugar lactose into simple sugars, namely glucose and galactose. Factors, such as increasing demand for lactose-free and rising product development & innovations in other application areas like pharmaceutical, dietary supplements, and infant nutrition are expected to boost the demand for lactase on a global level. Key players in the market are introducing new food products like lactose-free cream, ice cream, and milk alternatives to address the growing lactase-deficient population.
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Lactase Market Dynamics
Drivers: Growing lactose intolerance in infants and adults
The development of primary lactose intolerance is temporary and found in premature infants before their small intestine is fully developed. Secondary intolerance is seen in adults when they have a digestive issue in the small intestine. Secondary lactose intolerance is triggered by conditions such as Crohn’s disease or gastroenteritis. According to the National Center for Biotechnology Information (NCBI), nearly 65% of the global population is prone to lactase deficiency. Thus, this has led to an increase in the production of lactose-free dairy products, which helps the lactose-intolerant population to avoid gastrointestinal problems.
Restraints: Rising preference for dairy-free alternatives and vegan diets
The major requirements by consumers recently have been the need for dairy alternatives for removing the problems of cow milk allergy, calorie concerns, lactose intolerance, and the prevalence of hypercholesterolemia. There are other factors such as price, taste exploration, and environmental concerns due to which the shift is seen. Plant-based products are cheaper as compared to meat and dairy products. The manufacturing of lactose-free products is on the higher side due to the usage of the enzyme. Dairy alternatives and vegan products offer different ingredients, tastes, and textures to consumers.
Opportunities: Enhanced research and development to find new sources of lactase extraction and enzyme application
There are different sources from which the lactase enzyme is extracted. However, recent research and development are mainly focused on finding newer alternatives like bacteria and fungi as a source to extract the enzyme. Enzymes are also used to improve the nutritional value of food and feed products. In addition, enzymes reduce water consumption and chemical waste and decrease by-product generation, posing negligible risks to humans and the ecosystem. Lactase enzymes obtained from fungal sources have acidic pH and are stable which may have wide application in the food and beverages industry, as it has to undergo different production processes.
Challenges: High processing cost and lack of technical expertise
Many consumers are unable to consume milk and milk products due to lactose intolerance. Lactose-free milk is available, but they are costlier as compared to the cost of regular milk. The reduction of lactose in milk and dairy products has been explored using many different methods. The high cost of lactose-free products is due to the added cost of the lactose hydrolysis process. Small & medium-sized enterprises have efficient cost management due to limited capital and resources and lack of knowledge and resources for implementation
By source, the bacteria segment is projected to grow at the highest CAGR in terms of value, in the lactase market during the forecast period
Based on the source, the bacteria segment is estimated to grow at the highest CAGR, in terms of value, during the forecast period in the lactase market. The lactase gene from bacterial sources is obtained from three major bacteria namely Lactobacillus acidophilus, Bifidobacterium longum, and Enterococcus faecalis. These are non-pathogenic in nature and possess higher enzymatic activity during the production of lactose-free products. Since these are not pathogens the lactase enzyme sourced from the bacterial source find its application in human nutrition and medicinal purpose.
By form, the dry segment occupies a significant market share during the forecast period
Based on form, the dry segment occupies a significant share in the lactase market during the forecast period. The dry form is more concentrated and easier to use. Enzymes are very sensitive to pH and temperature changes; hence it is important to provide optimum storage conditions. Pharmaceutical manufacturers majorly use the dry form due to ease of use in the required formulations. Most of the companies provide lactase in dry form for import and export purposes.
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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North America is the largest region with a significant CAGR in the lactase market. A huge lactose-intolerant consumer base in the region creates a growth opportunity for the lactase market in North America. American Academy of Pediatrics (AAP) recommends that people with lactose intolerance must not be encouraged to avoid milk or any dairy product as it provides necessary nutrients like calcium to the body. This creates a lucrative opportunity for marketing different lactose-free products to cater to the growing lactose-intolerant population in North America.
With the increasing health awareness among consumers, the willingness to pay for supplements and food & beverage products has witnessed tremendous growth in recent years. Additionally, growing vegan and flexitarian diet also contributes to the rising demand for lactose-free products in the region, impacting the need for lactase enzyme.
Key Market Players:
Key players in this market include 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 (Japan), Advanced Enzyme Technologies (India), Novact Corporation (US), Antozyme Biotech Pvt. Ltd (India), Nature Biosciences Pvt. Ltd (India), Aumgene Biosciences (India), Creative Enzymes (US), Biolaxi Enzymes Pvt. Ltd (India), Enzyme Biosciences Pvt. Ltd (India), Infinita Biotech (India), Mitushi Biopharma (India), Oenon Holdings Inc. (Japan), Ultreze Enzymes (India), and Senson (Finland)
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|
Report Metric |
Details |
|
Market size value in 2022 |
USD 247 million |
|
Revenue forecast in 2027 |
USD 336 million |
|
Growth Rate |
CAGR of 6.3% from 2022 to 2027 |
|
Base year for estimation |
2021 |
|
Historical data |
2019-2027 |
|
Forecast period |
2022-2027 |
|
Quantitative units |
Value (USD Million) / Volume (tons) |
|
Segments covered |
Source, form, application and region |
|
Regional scope |
North America, Europe, Asia Pacific, South America, RoW |
|
Dominant Geography |
North America |
|
Key companies profiled |
|
This research report categorizes the lactase market based on source, form, application, and region.
By Source
- Yeast
- Fungi
- Bacteria
By Form
- Liquid
- Dry
By Application
-
Food & Beverages
- Milk
- Cheese
- Yogurt
- Ice cream
- Others
- Pharmaceutical Products & Dietary Supplements
By Region
- North America
- Europe
- Asia Pacific
- South America
- Rest of the World
Recent Developments
- In June 2022, Koninklijke DSM N.V (Netherlands) announced its merger with Firmenich (Denmark). Firmenich is among the major leaders in fragrance and flavors. This merger will help the company to strengthen its market position in the nutrition, wellness, and beauty space. As per company sources, the merger will be completed by 2023.
- In February 2022, Kerry Group plc. (Ireland) acquired the German biotechnology innovation company c-LEcta (Germany), which manufactures enzymes. c-LEcta specializes in precision fermentation and bioprocessing of enzymes. This acquisition will help Kerry to break through in the lactase enzymes market.
- In November 2021, CHR. Hansen Holdings A/S (Denmark) launched its next-gen enzyme solution Sweety Y-3. Through this, added sugar content of yogurt can be reduced and natural sugar can be enhanced. It helps maintain the quality of dairy products without added sugar. This launch will help the company to increase its market share in the lactase market.
- In May 2022, Kerry Group plc. (Ireland) expanded its presence by opening an advanced taste manufacturing facility in Africa. This will help the group produce sustainable nutrition solutions and expand its food, beverage, and pharmaceutical operations in Africa. It will also help the company expand its lactase enzyme portfolio in newer geographies.
Frequently Asked Questions (FAQ):
Which are the major lactase market source considered in this study, and which segments are projected to have promising growth rates in the future?
All the major lactase market source, such as yeast, fungi, and bacteria, are considered in the scope of the study. Yeast currently accounts for a dominant share in the lactase market, and the segment is projected to experience a significant growth rate in the next five years due to its application as a major source in the lactase market.
I am interested in the Asia Pacific market for yeast and bacteria segments. Is customization available for the same? What all information would be included in the same?
Yes, customization for the Asia Pacific market for various segments can be provided on various aspects, including market size, forecast, market dynamics, company profiles, and competitive landscape. Exclusive insights on below Asia Pacific countries will be provided:
- China
- Japan
- India
- Australia & New Zealand
- Rest of Asia Pacific (South Korea, Indonesia, Vietnam, the Philippines, Malaysia, Singapore, and Thailand)
Also, you can let us know if there are any other countries of your interest
What are some drivers fueling the growth of the lactase market?
Global lactase market is characterized by the following drivers:
Drivers: Increasing awareness among people about food allergies
The need for lactose-free products is increasing among people with lactose intolerance or lactase deficiency. The population suffering from the condition is devoid of consuming dairy products and opts for other plant-based milk or dairy alternatives. This leads to allergic conditions or reactions in some people. Also, plant-based products do not provide micro-nutrients that are traditionally gained from dairy products. Hence, the need for nutrient-dense food which will not impact their health leads to the increase in demand for lactose-free products among consumers.
I am interested in understanding the research methodology on how you arrived at the market size and segmental splits before making a purchase decision. Can you provide me with an explanation on the same?
Yes, a detailed explanation of the research methodology can be provided over a scheduled call; it will also enable us to explain all your queries in detail. For a brief overview and knowledge: Multiple approaches have been adopted to understand the holistic view of this market, including:
- Bottom-up approach
- Top-down approach (Based on the global market)
- Primary interviews with industry experts
- Data triangulation
What kind of information is provided in the competitive landscape section?
For the list of the below-mentioned players, company profiles provide insights such as a business overview covering information on the company’s business segments, financials, geographic presence, revenue mix, and business revenue mix. The company profiles section also provides information on product offerings, key developments associated with the company, SWOT analysis, and MnM view to elaborate analyst view on the company. Some of the key players in the market 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 (Japan), Advanced Enzyme Technologies (India), Novact Corporation (US), Antozyme Biotech Pvt. Ltd (India), Nature Biosciences Pvt. Ltd (India), Aumgene Biosciences (India), Creative Enzymes (US), Biolaxi Enzymes Pvt. Ltd (India), Enzyme Biosciences Pvt. Ltd (India), Infinita Biotech (India), Mitushi Biopharma (India), Oenon Holdings Inc. (Japan), Ultreze Enzymes (India), and Senson (Finland) .
Can I download the PDF of market research report of Lactase Market?
The latest and updated Nov 2022 market research report for Lactase Market can be accessed on MarketsandMarkets.com. It contains Market forecast, estimated CAGR, key market dynamics and it is updated in Nov 2022. TnC apply.
How much will Lactase Market grow in 2023 and beyond?
The global lactase market is estimated to be valued at USD 247 million in 2022. It is projected to reach USD 336 million by 2027, at a CAGR of 6.3%, in terms of value, between 2022 and 2027.
Which are the upcoming trends, opportunities in the Lactase Market?
According to the National Center for Biotechnology Information (NCBI), nearly 65% of the global population is prone to lactase deficiency. Thus, this has led to an increase in the production of lactose-free dairy products, which helps the lactose-intolerant population to avoid gastrointestinal problems.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 33)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2021
1.6 UNIT CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 LIMITATIONS AND RISK ASSESSMENT
2 RESEARCH METHODOLOGY (Page No. - 40)
2.1 RESEARCH DATA
FIGURE 2 LACTASE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 List of key primary interview participants
2.1.2.3 Key data from primary sources
2.1.2.4 Breakdown of primary interviews
2.1.2.5 Key primary insights
2.2 MARKET SIZE ESTIMATION
FIGURE 3 APPROACH ONE: BOTTOM-UP
FIGURE 4 APPROACH TWO: TOP-DOWN
2.3 DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 48)
TABLE 2 LACTASE MARKET SNAPSHOT, 2022 VS. 2027
FIGURE 6 LACTASE MARKET, BY SOURCE, 2022 VS. 2027 (USD MILLION)
FIGURE 7 LACTASE MARKET, BY FORM, 2022 VS. 2027 (USD MILLION)
FIGURE 8 LACTASE MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
FIGURE 9 LACTASE MARKET SHARE (VALUE), BY REGION, 2021
4 PREMIUM INSIGHTS (Page No. - 52)
4.1 ATTRACTIVE OPPORTUNITIES IN LACTASE MARKET
FIGURE 10 HIGH ADOPTION OF LACTOSE-FREE PRODUCTS TO OFFER STEADY GROWTH POTENTIAL
4.2 ASIA PACIFIC: LACTASE MARKET, BY APPLICATION AND COUNTRY
FIGURE 11 CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN ASIA PACIFIC IN 2021
4.3 LACTASE MARKET, BY SOURCE
FIGURE 12 YEAST-BASED LACTASE TO DOMINATE DURING FORECAST PERIOD
4.4 LACTASE MARKET, BY FORM
FIGURE 13 LIQUID FORM TO DOMINATE DURING FORECAST PERIOD
4.5 LACTASE MARKET, BY APPLICATION
FIGURE 14 FOOD & BEVERAGE APPLICATIONS TO DOMINATE MARKET DURING FORECAST PERIOD
4.6 LACTASE MARKET, BY SOURCE AND REGION
FIGURE 15 NORTH AMERICA TO DOMINATE DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 56)
5.1 INTRODUCTION
5.1.1 MACROECONOMIC FACTOR
5.1.1.1 Increase in incidences of lactase deficiency
FIGURE 16 COUNTRY-WISE PREVALENCE OF LACTOSE INTOLERANCE, 2020
5.2 MARKET DYNAMICS
FIGURE 17 LACTASE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Growing lactose intolerance in infants and adults
5.2.1.2 Growth in technological advancements in end-user applications
5.2.1.3 Increasing awareness among people about food allergies
5.2.2 RESTRAINTS
5.2.2.1 Rising preference for dairy-free alternatives and vegan diets
5.2.2.2 Differences in regulatory framework across regions
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand for lactase for producing lactose-free products
5.2.3.2 Enhanced research and development to find new sources of lactase extraction and enzyme application
5.2.4 CHALLENGES
5.2.4.1 High processing cost and lack of technical expertise
5.2.4.2 Concerns over adulteration and quality of enzymes used
6 INDUSTRY TRENDS (Page No. - 63)
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT
6.2.2 RAW MATERIAL SOURCING
6.2.3 PRODUCTION AND PROCESSING
6.2.4 DISTRIBUTION
6.2.5 MARKETING AND SALES
FIGURE 18 LACTASE MARKET: VALUE CHAIN ANALYSIS
6.3 TECHNOLOGY ANALYSIS
6.4 LACTASE MARKET MAPPING AND ECOSYSTEM ANALYSIS
6.4.1 DEMAND SIDE
6.4.2 SUPPLY SIDE
FIGURE 19 LACTASE MARKET MAP
FIGURE 20 LACTASE MARKET: ECOSYSTEM MAPPING
TABLE 3 LACTASE MARKET: SUPPLY CHAIN ANALYSIS (ROLE IN ECOSYSTEM)
6.5 TRENDS/DISRUPTIONS IMPACTING BUYERS
FIGURE 21 REVENUE SHIFT FOR LACTASE MARKET
6.6 PATENT ANALYSIS
FIGURE 22 NUMBER OF PATENTS GRANTED BETWEEN 2012 AND 2022
TABLE 4 PATENTS PERTAINING TO LACTASE, 2020–2022
6.7 TRADE DATA
TABLE 5 IMPORT DATA OF ENZYMES, BY COUNTRY, 2019–2020 (USD MILLION)
TABLE 6 EXPORT DATA OF ENZYMES, BY COUNTRY, 2019–2020 (USD MILLION)
6.8 KEY CONFERENCES AND EVENTS
TABLE 7 KEY CONFERENCES AND EVENTS, 2022–2023
6.9 PORTER’S FIVE FORCES ANALYSIS
TABLE 8 LACTASE MARKET: PORTER’S FIVE FORCES ANALYSIS
6.9.1 DEGREE OF COMPETITION
6.9.2 BARGAINING POWER OF SUPPLIERS
6.9.3 BARGAINING POWER OF BUYERS
6.9.4 THREAT FROM SUBSTITUTES
6.9.5 THREAT FROM NEW ENTRANTS
6.10 PRICING ANALYSIS
6.10.1 AVERAGE SELLING PRICE TRENDS
TABLE 9 LACTASE MARKET: AVERAGE SELLING PRICE, BY SOURCE TYPE, 2019–2022 (USD/KG)
TABLE 10 LACTASE MARKET: AVERAGE SELLING PRICE, BY FORM, 2019–2022 (USD/KG)
TABLE 11 LACTASE MARKET: AVERAGE SELLING PRICE, BY APPLICATION, 2019–2022 (USD/KG)
6.11 CASE STUDIES
6.11.1 NEED FOR LACTOSE-FREE AND HIGH-FIBER SOLUTIONS IN DAIRY INDUSTRY
6.11.2 NEED FOR LACTOSE-FREE AND REDUCED-SUGAR YOGURT
6.12 REGULATORY FRAMEWORK
TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.12.1 US
TABLE 16 ENZYME PREPARATION AFFIRMED AS GRAS LISTED IN 21 CFR 184
6.12.2 EUROPE
6.12.3 CHINA
6.12.4 INDIA
6.12.5 AUSTRALIA & NEW ZEALAND
6.12.6 SOUTH AMERICA
6.12.7 BRAZIL
6.13 KEY STAKEHOLDERS AND BUYING CRITERIA
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR LACTASE APPLICATIONS
TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR LACTASE APPLICATIONS
FIGURE 24 KEY BUYING CRITERIA FOR LACTASE APPLICATIONS
TABLE 18 KEY BUYING CRITERIA FOR LACTASE APPLICATIONS
7 LACTASE MARKET, BY SOURCE (Page No. - 86)
7.1 INTRODUCTION
FIGURE 25 LACTASE MARKET, BY SOURCE, 2022 VS. 2027 (USD MILLION)
TABLE 19 LACTASE MARKET, BY SOURCE, 2019–2021 (USD MILLION)
TABLE 20 LACTASE MARKET, BY SOURCE, 2022–2027 (USD MILLION)
TABLE 21 LACTASE MARKET, BY SOURCE, 2019–2021 (TON)
TABLE 22 LACTASE MARKET, BY SOURCE, 2022–2027 (TON)
7.2 YEAST
7.2.1 EASE OF EXTRACTION AND ENZYME STABILITY TO DRIVE MARKET FOR YEAST-BASED LACTASE
TABLE 23 YEAST MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 24 YEAST MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 25 YEAST MARKET, BY REGION, 2019–2021 (TON)
TABLE 26 YEAST MARKET, BY REGION, 2022–2027 (TON)
7.3 FUNGI
7.3.1 INCREASING USE OF FUNGAL LACTASE IN DAIRY AND PHARMACEUTICAL INDUSTRIES
TABLE 27 FUNGI MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 28 FUNGI MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 29 FUNGI MARKET, BY REGION, 2019–2021 (TON)
TABLE 30 FUNGI MARKET, BY REGION, 2022–2027 (TON)
7.4 BACTERIA
7.4.1 HIGH ENZYME ACTIVITY OF BACTERIAL LACTASE TO DRIVE DEMAND
TABLE 31 BACTERIA MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 32 BACTERIA MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 33 BACTERIA MARKET, BY REGION, 2019–2021 (TON)
TABLE 34 BACTERIA MARKET, BY REGION, 2022–2027 (TON)
8 LACTASE MARKET, BY FORM (Page No. - 94)
8.1 INTRODUCTION
FIGURE 26 LACTASE MARKET, BY FORM, 2022 VS. 2027 (USD MILLION)
TABLE 35 MARKET, BY FORM, 2019–2021 (USD MILLION)
TABLE 36 MARKET, BY FORM, 2022–2027 (USD MILLION)
TABLE 37 MARKET, BY FORM, 2019–2021 (TON)
TABLE 38 MARKET, BY FORM, 2022–2027 (TON)
8.2 LIQUID
8.2.1 HIGH ACTIVITY AND BETTER FUNCTIONALITY TO MAKE LIQUID LACTASE MORE PREFERRED
TABLE 39 LIQUID LACTASE MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 40 LIQUID MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 41 LIQUID MARKET, BY REGION, 2019–2021 (TON)
TABLE 42 LIQUID MARKET, BY REGION, 2022–2027 (TON)
8.3 DRY
8.3.1 EASE OF STORAGE AND BULK HANDLING TO DRIVE USE OF DRY LACTASE IN FOOD AND PHARMACEUTICALS
TABLE 43 DRY LACTASE MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 44 DRY MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 45 DRY MARKET, BY REGION, 2019–2021 (TON)
TABLE 46 DRY MARKET, BY REGION, 2022–2027 (TON)
9 LACTASE MARKET, BY APPLICATION (Page No. - 100)
9.1 INTRODUCTION
FIGURE 27 LACTASE MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
TABLE 47 MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 48 MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 49 MARKET, BY APPLICATION, 2019–2021 (TON)
TABLE 50 MARKET, BY APPLICATION, 2022–2027 (TON)
9.2 FOOD & BEVERAGES
9.2.1 DEMAND FOR LACTOSE-FREE FOOD & BEVERAGES TO DRIVE LACTASE APPLICATION
TABLE 51 FOOD & BEVERAGE APPLICATIONS MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 52 FOOD & BEVERAGE APPLICATIONS MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 53 FOOD & BEVERAGE APPLICATIONS MARKET, BY REGION, 2019–2021 (TON)
TABLE 54 FOOD & BEVERAGE APPLICATIONS MARKET, BY REGION, 2022–2027 (TON)
TABLE 55 FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2019–2021 (USD MILLION)
TABLE 56 FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2022–2027 (USD MILLION)
TABLE 57 FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2019–2021 (TON)
TABLE 58 FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2022–2027 (TON)
9.2.1.1 Milk
TABLE 59 MILK APPLICATIONS MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 60 MILK APPLICATIONS MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 61 MILK APPLICATIONS MARKET, BY REGION, 2019–2021 (TON)
TABLE 62 MILK APPLICATIONS MARKET, BY REGION, 2022–2027 (TON)
9.2.1.2 Yogurt
TABLE 63 YOGURT APPLICATIONS MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 64 YOGURT APPLICATIONS MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 65 YOGURT APPLICATIONS MARKET, BY REGION, 2019–2021 (TON)
TABLE 66 YOGURT APPLICATIONS MARKET, BY REGION, 2022–2027 (TON)
9.2.1.3 Cheese
TABLE 67 CHEESE APPLICATIONS MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 68 CHEESE APPLICATIONS MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 69 CHEESE APPLICATIONS MARKET, BY REGION, 2019–2021 (TON)
TABLE 70 CHEESE APPLICATIONS MARKET, BY REGION, 2022–2027 (TON)
9.2.1.4 Ice cream
TABLE 71 ICE CREAM APPLICATIONS MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 72 ICE CREAM APPLICATIONS MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 73 ICE CREAM APPLICATIONS MARKET, BY REGION, 2019–2021 (TON)
TABLE 74 ICE CREAM APPLICATIONS MARKET, BY REGION, 2022–2027 (TON)
9.2.1.5 Other food & beverages
TABLE 75 OTHER FOOD & BEVERAGE APPLICATIONS MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 76 OTHER FOOD & BEVERAGE APPLICATIONS MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 77 OTHER FOOD & BEVERAGE APPLICATIONS MARKET, BY REGION, 2019–2021 (TON)
TABLE 78 OTHER FOOD & BEVERAGE APPLICATIONS MARKET, BY REGION, 2022–2027 (TON)
9.3 PHARMACEUTICAL PRODUCTS & DIETARY SUPPLEMENTS
9.3.1 HIGHER USE OF LACTASE IN PHARMA AND DIETARY SUPPLEMENTS TO TREAT LACTOSE-INTOLERANCE
TABLE 79 PHARMACEUTICAL PRODUCT & DIETARY SUPPLEMENT APPLICATIONS MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 80 PHARMACEUTICAL PRODUCT & DIETARY SUPPLEMENT APPLICATIONS MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 81 PHARMACEUTICAL PRODUCT & DIETARY SUPPLEMENT APPLICATIONS MARKET, BY REGION, 2019–2021 (TON)
TABLE 82 PHARMACEUTICAL PRODUCT & DIETARY SUPPLEMENT APPLICATIONS MARKET, BY REGION, 2022–2027 (TON)
10 LACTASE MARKET, BY REGION (Page No. - 117)
10.1 INTRODUCTION
FIGURE 28 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FROM 2022 TO 2027
TABLE 83 LACTASE MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 84 MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 85 MARKET, BY REGION, 2019–2021 (TON)
TABLE 86 MARKET, BY REGION, 2022–2027 (TON)
10.2 NORTH AMERICA
FIGURE 29 NORTH AMERICA: HEALTH SPENDING, BY KEY COUNTRY, 2017–2021 (USD/CAPITA)
FIGURE 30 NORTH AMERICA: LACTASE MARKET SNAPSHOT
TABLE 87 NORTH AMERICA: LACTASE MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
TABLE 88 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 89 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2021 (TON)
TABLE 90 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (TON)
TABLE 91 NORTH AMERICA: MARKET, BY FORM, 2019–2021 (USD MILLION)
TABLE 92 NORTH AMERICA: MARKET, BY FORM, 2022–2027 (USD MILLION)
TABLE 93 NORTH AMERICA: MARKET, BY FORM, 2019–2021 (TON)
TABLE 94 NORTH AMERICA: MARKET, BY FORM, 2022–2027 (TON)
TABLE 95 NORTH AMERICA: MARKET, BY SOURCE, 2019–2021 (USD MILLION)
TABLE 96 NORTH AMERICA: MARKET, BY SOURCE, 2022–2027 (USD MILLION)
TABLE 97 NORTH AMERICA: MARKET, BY SOURCE, 2019–2021 (TON)
TABLE 98 NORTH AMERICA: MARKET, BY SOURCE, 2022–2027 (TON)
TABLE 99 NORTH AMERICA: MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 100 NORTH AMERICA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 101 NORTH AMERICA: MARKET, BY APPLICATION, 2019–2021 (TON)
TABLE 102 NORTH AMERICA: MARKET, BY APPLICATION, 2022–2027 (TON)
TABLE 103 NORTH AMERICA: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2019–2021 (USD MILLION)
TABLE 104 NORTH AMERICA: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2022–2027 (USD MILLION)
TABLE 105 NORTH AMERICA: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2019–2021 (TON)
TABLE 106 NORTH AMERICA: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2022–2027 (TON)
10.2.1 US
10.2.1.1 High spending on health products to create growth opportunities
TABLE 107 US: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 108 US: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.2.2 CANADA
10.2.2.1 Rise in awareness among consumers about health concerns
TABLE 109 CANADA: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 110 CANADA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.2.3 MEXICO
10.2.3.1 Rising preference for healthy alternatives to dairy products
TABLE 111 MEXICO: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 112 MEXICO: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.3 EUROPE
FIGURE 31 EUROPE: COUNTRY-WISE FREQUENCY OF LACTASE DEFICIENCY, 2017
TABLE 113 EUROPE: LACTASE MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
TABLE 114 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 115 EUROPE: MARKET, BY COUNTRY, 2019–2021 (TON)
TABLE 116 EUROPE: MARKET, BY COUNTRY, 2022–2027 (TON)
TABLE 117 EUROPE: MARKET, BY FORM, 2019–2021 (USD MILLION)
TABLE 118 EUROPE: MARKET, BY FORM, 2022–2027 (USD MILLION)
TABLE 119 EUROPE: MARKET, BY FORM, 2019–2021 (TON)
TABLE 120 EUROPE: MARKET, BY FORM, 2022–2027 (TON)
TABLE 121 EUROPE: MARKET, BY SOURCE, 2019–2021 (USD MILLION)
TABLE 122 EUROPE: MARKET, BY SOURCE, 2022–2027 (USD MILLION)
TABLE 123 EUROPE: MARKET, BY SOURCE, 2019–2021 (TON)
TABLE 124 EUROPE: MARKET, BY SOURCE, 2022–2027 (TON)
TABLE 125 EUROPE: MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 126 EUROPE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 127 EUROPE: MARKET, BY APPLICATION, 2019–2021 (TON)
TABLE 128 EUROPE: MARKET, BY APPLICATION, 2022–2027 (TON)
TABLE 129 EUROPE: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2019–2021 (USD MILLION)
TABLE 130 EUROPE: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2022–2027 (USD MILLION)
TABLE 131 EUROPE: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2019–2021 (TON)
TABLE 132 EUROPE: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2022–2027 (TON)
10.3.1 GERMANY
10.3.1.1 Rising popularity of bakery and confectionery products using lactase
TABLE 133 GERMANY: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 134 GERMANY: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.3.2 FRANCE
10.3.2.1 Growing lactase-deficient population
TABLE 135 FRANCE: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 136 FRANCE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.3.3 UK
10.3.3.1 Country’s diverse dairy sector to drive market for lactose-free dairy products
TABLE 137 UK: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 138 UK: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.3.4 SPAIN
10.3.4.1 Increasing customer awareness about lactose intolerance
TABLE 139 SPAIN: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 140 SPAIN: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.3.5 ITALY
10.3.5.1 Growing popularity of ready-to-eat low-sugar dairy products
TABLE 141 ITALY: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 142 ITALY: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.3.6 REST OF EUROPE
TABLE 143 REST OF EUROPE: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 144 REST OF EUROPE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.4 ASIA PACIFIC
FIGURE 32 ASIA PACIFIC: LACTASE MARKET SNAPSHOT
TABLE 145 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
TABLE 146 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 147 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2021 (TON)
TABLE 148 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (TON)
TABLE 149 ASIA PACIFIC: MARKET, BY FORM, 2019–2021 (USD MILLION)
TABLE 150 ASIA PACIFIC: MARKET, BY FORM, 2022–2027 (USD MILLION)
TABLE 151 ASIA PACIFIC: MARKET, BY FORM, 2019–2021 (TON)
TABLE 152 ASIA PACIFIC: MARKET, BY FORM, 2022–2027 (TON)
TABLE 153 ASIA PACIFIC: MARKET, BY SOURCE, 2019–2021 (USD MILLION)
TABLE 154 ASIA PACIFIC: MARKET, BY SOURCE, 2022–2027 (USD MILLION)
TABLE 155 ASIA PACIFIC: MARKET, BY SOURCE, 2019–2021 (TON)
TABLE 156 ASIA PACIFIC: MARKET, BY SOURCE, 2022–2027 (TON)
TABLE 157 ASIA PACIFIC: MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 158 ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 159 ASIA PACIFIC: MARKET, BY APPLICATION, 2019–2021 (TON)
TABLE 160 ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2027 (TON)
TABLE 161 ASIA PACIFIC: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2019–2021 (USD MILLION)
TABLE 162 ASIA PACIFIC: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2022–2027 (USD MILLION)
TABLE 163 ASIA PACIFIC: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2019–2021 (TON)
TABLE 164 ASIA PACIFIC: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2022–2027 (TON)
10.4.1 CHINA
10.4.1.1 Rising consumption of dairy products
TABLE 165 CHINA: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 166 CHINA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.4.2 INDIA
10.4.2.1 Growing demand for functional, low-lactose beverages
TABLE 167 INDIA: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 168 INDIA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.4.3 JAPAN
10.4.3.1 Concerns related to diabetes and obesity to drive use of lactase in food and beverages
TABLE 169 JAPAN: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 170 JAPAN: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.4.4 AUSTRALIA & NEW ZEALAND
10.4.4.1 Growing consumption of low-sugar products
TABLE 171 AUSTRALIA & NEW ZEALAND: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 172 AUSTRALIA & NEW ZEALAND: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.4.5 REST OF ASIA PACIFIC
TABLE 173 REST OF ASIA PACIFIC: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 174 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.5 SOUTH AMERICA
TABLE 175 SOUTH AMERICA: LACTASE MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
TABLE 176 SOUTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 177 SOUTH AMERICA: MARKET, BY COUNTRY, 2019–2021 (TON)
TABLE 178 SOUTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (TON)
TABLE 179 SOUTH AMERICA: MARKET, BY FORM, 2019–2021 (USD MILLION)
TABLE 180 SOUTH AMERICA: MARKET, BY FORM, 2022–2027 (USD MILLION)
TABLE 181 SOUTH AMERICA: MARKET, BY FORM, 2019–2021 (TON)
TABLE 182 SOUTH AMERICA: MARKET, BY FORM, 2022–2027 (TON)
TABLE 183 SOUTH AMERICA: MARKET, BY SOURCE, 2019–2021 (USD MILLION)
TABLE 184 SOUTH AMERICA: MARKET, BY SOURCE, 2022–2027 (USD MILLION)
TABLE 185 SOUTH AMERICA: MARKET, BY SOURCE, 2019–2021 (TON)
TABLE 186 SOUTH AMERICA: MARKET, BY SOURCE, 2022–2027 (TON)
TABLE 187 SOUTH AMERICA: MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 188 SOUTH AMERICA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 189 SOUTH AMERICA: MARKET, BY APPLICATION, 2019–2021 (TON)
TABLE 190 SOUTH AMERICA: MARKET, BY APPLICATION, 2022–2027 (TON)
TABLE 191 SOUTH AMERICA: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2019–2021 (USD MILLION)
TABLE 192 SOUTH AMERICA: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2022–2027 (USD MILLION)
TABLE 193 SOUTH AMERICA: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2019–2021 (TON)
TABLE 194 SOUTH AMERICA: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2022–2027 (TON)
10.5.1 BRAZIL
10.5.1.1 Expansion of R&D activities to produce lactase
TABLE 195 BRAZIL: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 196 BRAZIL: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.5.2 ARGENTINA
10.5.2.1 Inability of people to consume regular dairy products to drive use of lactase in dairy
TABLE 197 ARGENTINA: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 198 ARGENTINA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.5.3 REST OF SOUTH AMERICA
TABLE 199 REST OF SOUTH AMERICA: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 200 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.6 ROW
TABLE 201 ROW: LACTASE MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 202 ROW: MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 203 ROW: MARKET, BY REGION, 2019–2021 (TON)
TABLE 204 ROW: MARKET, BY REGION, 2022–2027 (TON)
TABLE 205 ROW: MARKET, BY FORM, 2019–2021 (USD MILLION)
TABLE 206 ROW: MARKET, BY FORM, 2022–2027 (USD MILLION)
TABLE 207 ROW: MARKET, BY FORM, 2019–2021 (TON)
TABLE 208 ROW: MARKET, BY FORM, 2022–2027 (TON)
TABLE 209 ROW: MARKET, BY SOURCE, 2019–2021 (USD MILLION)
TABLE 210 ROW: MARKET, BY SOURCE, 2022–2027 (USD MILLION)
TABLE 211 ROW: MARKET, BY SOURCE, 2019–2021 (TON)
TABLE 212 ROW: MARKET, BY SOURCE, 2022–2027 (TON)
TABLE 213 ROW: MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 214 ROW: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 215 ROW: MARKET, BY APPLICATION, 2019–2021 (TON)
TABLE 216 ROW: MARKET, BY APPLICATION, 2022–2027 (TON)
TABLE 217 ROW: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2019–2021 (USD MILLION)
TABLE 218 ROW: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2022–2027 (USD MILLION)
TABLE 219 ROW: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2019–2021 (TON)
TABLE 220 ROW: FOOD & BEVERAGE APPLICATIONS MARKET, BY SUBAPPLICATION, 2022–2027 (TON)
10.6.1 MIDDLE EAST
10.6.1.1 Increasing health concerns and availability of healthy alternatives
TABLE 221 MIDDLE EAST: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 222 MIDDLE EAST: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10.6.2 AFRICA
10.6.2.1 High consumption of milk and dairy products to offer growth opportunities
FIGURE 33 AFRICA: DAIRY CONSUMPTION, 2019–2021 (THOUSAND TONNES)
TABLE 223 AFRICA: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 224 AFRICA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
11 COMPETITIVE LANDSCAPE (Page No. - 172)
11.1 OVERVIEW
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 225 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
11.3 MARKET SHARE ANALYSIS
TABLE 226 MARKET SHARE ANALYSIS OF LACTASE, 2021
11.4 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS
FIGURE 34 REVENUE ANALYSIS OF KEY PLAYERS, 2019–2021 (USD BILLION)
11.5 LACTASE MARKET: COMPANY EVALUATION QUADRANT (KEY PLAYERS)
11.5.1 STARS
11.5.2 PERVASIVE PLAYERS
11.5.3 EMERGING LEADERS
11.5.4 PARTICIPANTS
FIGURE 35 LACTASE MARKET: COMPANY EVALUATION QUADRANT, 2021 (KEY PLAYERS)
11.5.5 LACTASE PRODUCT FOOTPRINT (KEY PLAYERS)
TABLE 227 COMPANY FOOTPRINT, BY SOURCE (KEY PLAYERS)
TABLE 228 COMPANY FOOTPRINT, BY FORM (KEY PLAYERS)
TABLE 229 COMPANY FOOTPRINT, BY APPLICATION (KEY PLAYERS)
TABLE 230 COMPANY FOOTPRINT, BY REGION (KEY PLAYERS)
TABLE 231 OVERALL COMPANY FOOTPRINT (KEY PLAYERS)
11.6 LACTASE MARKET: EVALUATION QUADRANT (STARTUPS/SMES)
11.6.1 PROGRESSIVE COMPANIES
11.6.2 STARTING BLOCKS
11.6.3 RESPONSIVE COMPANIES
11.6.4 DYNAMIC COMPANIES
FIGURE 36 LACTASE MARKET: COMPANY EVALUATION QUADRANT, 2021 (STARTUPS/SMES)
TABLE 232 COMPETITIVE BENCHMARKING (STARTUPS/SMES)
11.7 COMPETITIVE SCENARIO
11.7.1 PRODUCT LAUNCHES
TABLE 233 LACTASE MARKET: PRODUCT LAUNCHES, 2019–2022
11.7.2 DEALS
TABLE 234 LACTASE MARKET: DEALS, 2019–2022
11.7.3 OTHER DEVELOPMENTS
TABLE 235 LACTASE MARKET: OTHERS, 2019–2022
12 COMPANY PROFILES (Page No. - 187)
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS
12.1.1 CHR. HANSEN HOLDINGS A/S
TABLE 236 CHR. HANSEN HOLDINGS A/S: BUSINESS OVERVIEW
FIGURE 37 CHR. HANSEN HOLDINGS A/S: COMPANY SNAPSHOT
TABLE 237 CHR. HANSEN HOLDINGS A/S: PRODUCTS OFFERED
TABLE 238 CHR. HANSEN HOLDINGS A/S: PRODUCT LAUNCHES
12.1.2 KERRY GROUP PLC
TABLE 239 KERRY GROUP PLC: BUSINESS OVERVIEW
FIGURE 38 KERRY GROUP PLC: COMPANY SNAPSHOT
TABLE 240 KERRY GROUP PLC: PRODUCTS OFFERED
TABLE 241 KERRY GROUP PLC: DEALS
TABLE 242 KERRY GROUP PLC: OTHERS
12.1.3 KONINKLIJKE DSM N.V.
TABLE 243 KONINKLIJKE DSM N.V.: BUSINESS OVERVIEW
FIGURE 39 KONINKLIJKE DSM N.V.: COMPANY SNAPSHOT
TABLE 244 KONINKLIJKE DSM N.V.: PRODUCTS OFFERED
TABLE 245 KONINKLIJKE DSM N.V.: DEALS
12.1.4 NOVOZYMES A/S
TABLE 246 NOVOZYMES A/S : BUSINESS OVERVIEW
FIGURE 40 NOVOZYMES A/S: COMPANY SNAPSHOT
TABLE 247 NOVOZYMES A/S: PRODUCTS OFFERED
TABLE 248 NOVOZYMES A/S: PRODUCT LAUNCHES
TABLE 249 NOVOZYMES A/S : DEALS
12.1.5 MERCK KGAA
TABLE 250 MERCK KGAA: BUSINESS OVERVIEW
FIGURE 41 MERCK KGAA: COMPANY SNAPSHOT
TABLE 251 MERCK KGAA: PRODUCTS OFFERED
12.1.6 INTERNATIONAL FLAVORS & FRAGRANCES INC. (IFF)
TABLE 252 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW
FIGURE 42 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT
TABLE 253 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS OFFERED
TABLE 254 INTERNATIONAL FLAVORS AND FRAGRANCES INC.: DEALS
12.1.7 AMANO ENZYME INC.
TABLE 255 AMANO ENZYME INC.: BUSINESS OVERVIEW
TABLE 256 AMANO ENZYME INC.: PRODUCTS OFFERED
TABLE 257 AMANO ENZYME INC.: OTHERS
12.1.8 ADVANCED ENZYME TECHNOLOGIES
TABLE 258 ADVANCED ENZYME TECHNOLOGIES: BUSINESS OVERVIEW
FIGURE 43 ADVANCED ENZYME TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 259 ADVANCED ENZYME TECHNOLOGIES: PRODUCTS OFFERED
TABLE 260 ADVANCED ENZYME TECHNOLOGIES: DEALS
12.1.9 NOVACT CORPORATION
TABLE 261 NOVACT CORPORATION: BUSINESS OVERVIEW
TABLE 262 NOVACT CORPORATION: PRODUCTS OFFERED
12.1.10 ANTOZYME BIOTECH PVT. LTD.
TABLE 263 ANTOZYME BIOTECH PVT. LTD.: BUSINESS OVERVIEW
TABLE 264 ANTOZYME BIOTECH PVT. LTD.: PRODUCTS OFFERED
12.2 OTHER PLAYERS
12.2.1 NATURE BIOSCIENCE PVT. LTD.
TABLE 265 NATURE BIOSCIENCE PVT. LTD.: BUSINESS OVERVIEW
TABLE 266 NATURE BIOSCIENCE PVT. LTD.: PRODUCTS OFFERED
12.2.2 AUMGENE BIOSCIENCES
TABLE 267 AUMGENE BIOSCIENCES: BUSINESS OVERVIEW
TABLE 268 AUMGENE BIOSCIENCES: PRODUCTS OFFERED
12.2.3 CREATIVE ENZYMES
TABLE 269 CREATIVE ENZYMES: BUSINESS OVERVIEW
TABLE 270 CREATIVE ENZYMES: PRODUCTS OFFERED
TABLE 271 CREATIVE ENZYMES: PRODUCT LAUNCHES
12.2.4 BIOLAXI ENZYMES PVT. LTD.
TABLE 272 BIOLAXI ENZYMES: BUSINESS OVERVIEW
TABLE 273 BIOLAXI ENZYMES PVT. LTD.: PRODUCTS OFFERED
12.2.5 ENZYME BIOSCIENCE PVT. LTD.
TABLE 274 ENZYME BIOSCIENCE: BUSINESS OVERVIEW
TABLE 275 ENZYME BIOSCIENCE: PRODUCTS OFFERED
12.2.6 INFINITA BIOTECH PVT. LTD.
TABLE 276 INFINITA BIOTECH: BUSINESS OVERVIEW
TABLE 277 INFINITA BIOTECH: PRODUCTS OFFERED
12.2.7 MITUSHI BIOPHARMA
TABLE 278 MITUSHI BIOPHARMA: BUSINESS OVERVIEW
TABLE 279 MITUSHI BIOPHARMA: PRODUCTS OFFERED
12.2.8 OENON HOLDINGS INC.
TABLE 280 OENON HOLDINGS INC.: BUSINESS OVERVIEW
FIGURE 44 OENON HOLDINGS INC.: COMPANY SNAPSHOT
TABLE 281 OENON HOLDINGS INC.: PRODUCTS OFFERED
12.2.9 ULTREZE ENZYMES
TABLE 282 ULTREZE ENZYMES: BUSINESS OVERVIEW
TABLE 283 ULTREZE ENZYMES: PRODUCTS OFFERED
12.2.10 SENSON
TABLE 284 SENSON: BUSINESS OVERVIEW
TABLE 285 SENSON: PRODUCTS OFFERED
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 ADJACENT AND RELATED MARKETS (Page No. - 227)
13.1 INTRODUCTION
TABLE 286 MARKETS ADJACENT TO LACTASE MARKET
13.2 LIMITATIONS
13.3 DAIRY INGREDIENTS MARKET
13.3.1 MARKET DEFINITION
13.3.2 MARKET OVERVIEW
TABLE 287 DAIRY INGREDIENTS MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 288 DAIRY INGREDIENTS MARKET, BY TYPE, 2021–2026 (USD MILLION)
13.4 FOOD ENZYMES MARKET
13.4.1 MARKET DEFINITION
13.4.2 MARKET OVERVIEW
TABLE 289 FOOD ENZYMES MARKET, BY TYPE, 2016–2020 (USD MILLION)
TABLE 290 FOOD ENZYMES MARKET, BY TYPE, 2021–2026 (USD MILLION)
14 APPENDIX (Page No. - 231)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
This research study involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Forbes, and Bloomberg Businessweek—to identify and collect information useful for the study of the lactase market. The primary sources mainly included industry experts from core and related industries and suppliers, dealers, manufacturers, alliances, and organizations related to all the segments of this industry’s value chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts, C-level executives of the major market players, and industry consultants—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the research design applied in drafting this report on the lactase market.
Secondary Research
In the secondary research process, various secondary sources were referred to, for identifying and collecting information relevant to this study. Secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. The secondary research was done to obtain key information about the industry’s supply chain, the market’s value chain, the total pool of key players, market classification and segmentation according to industry trends, geographic markets, and key developments from both market- and technology-oriented perspectives.
Secondary sources for this research study include government sources, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated through primary research.
Primary Research
Extensive primary research was conducted to gather information and verify and validate the critical market numbers. Various sources from both supply and demand sides were interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, application developers, application users, and related executives from various key companies and organizations operating in the smart agriculture market. The primary research was also conducted to identify segmentation types, industry trends, and key players, as well as to analyze the competitive landscape; key player strategies; key market dynamics such as drivers, restraints, opportunities, challenges, and industry trends.
Given below is the breakdown of the primary respondents.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the lactase market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players were identified through extensive primary and secondary research.
- The value chain and market size of the lactase market, in terms of value and volume, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall lactase market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using the top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted—the top-down approach, the bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points, match the data is assumed to be correct.
Report Objectives
- To describe and forecast the lactase market, in terms of source, form, application and region.
- To describe and forecast the lactase market, in terms of value, by region–North America, Europe, Asia Pacific, South America, and the Rest of the World—along with their respective countries.
- To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market.
- To study the complete value chain of the lactase market.
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the lactase market.
- To strategically profile the key players and comprehensively analyze their market positions, in terms of ranking and core competencies, along with details on the competitive landscape of market leaders.
- To analyze strategic approaches, such as expansions, product launches, acquisitions, and partnerships in the lactase market.
Available Customizations:
Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:
Product Analysis
- Product Matrix, which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
- Further breakdown of the Rest of the European lactase market by key countries Poland, the Netherlands, Denmark, Russia, and other EU and non-EU countries
- Further breakdown of the Rest of the Asia Pacific lactase market by key countries South Korea, Indonesia, Vietnam, the Philippines, Malaysia, Singapore, and Thailand
- Further breakdown of the Rest of South America’s lactase market by key countries Colombia, Peru, and Chile
Company Information
- Detailed analyses and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Lactase Market