Lactase Market

Lactase Market by Source (Yeast, Fungi, Bacteria), Form (Liquid, Dry), Application (Food & Beverage, Pharmaceutical Products & Dietary Supplements), Region (North America, Europe, APAC, South America, RoW) - Global Forecast to 2025

Report Code: FB 7695 Jul, 2020, by marketsandmarkets.com

[173 Pages Report] According to MarketsandMarkets, the lactase market is estimated to be valued at USD 217 million in 2020 and is projected to reach USD 298 million by 2025, recording a CAGR of 6.5 %, in terms of value. Factors such as rising cases of lactose-intolerant and growing demand from lactose-free dairy product manufacturers and increasing innovation and new product development in the application areas are projected to drive the growth of the lactase industry during the forecast period. However, the growth of the market is inhibited by factors, such as shifting preferences toward dairy-free alternatives and high processing cost and lack of technical expertise for lactase extraction.

Lactase Market

Market Dynamics

Drivers: Rising cases of lactose-intolerance and growing demand from lactose-free dairy product manufacturers

Lactase enzyme find its major applications in the food & beverage industry, majorly for dairy products, as it reduces the lactose content and makes the products lactose-free. The rise in lactose intolerant population globally is one of the major factors driving the growth of lactase market, which is used in the production of lactose-free dairy products.

The demand for lactose-free dairy food products is driven by the increase in incidences of food allergies and intolerances. 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. People with lactose intolerance are unable to digest lactose present in the milk due to the lack of an enzyme called lactase, which naturally occurs in the intestinal tract of children and adults. It causes bloating and diarrhoea after consuming any dairy product, especially milk. Lactase converts the milk sugar found in dairy products, such as milk, ice cream, and cheese, to readily digestible sugars, such as glucose and galactose. Without adequate lactase, the lactose in food ferments in the intestine produces undesirable side effects. In addition, the increase in health awareness and wellness concerns among consumers is a key factor that is projected to drive the growth and demand for lactose-free dairy products.

Restraints: Shifting preferences toward dairy-free alternatives

One of the major functional requirements by consumers, in recent times, have been the need for dairy alternatives for removing the problems of cow milk allergy, calorie concerns, lactose intolerance, and prevalence of hypercholesterolemia. The consumption of plant-based dairy products has been increased owing to the absence of lactose and cholesterol in the dairy products, which makes the products suitable for a group of population suffering from heart disease and lactose intolerance and in general for all. Moreover, in recent years, plant sources such as legumes and cereals have been highly accepted as functional food and nutraceuticals because of the health promoting components present in them such as minerals, dietary fibers, antioxidants and vitamins. Owing to these benefits over dairy products, the demand for plant-based dairy is increasing. The rising opportunity in the dairy free sector is restraining the growth of lactose-free dairy products, which can be a one of the restraints for the lactase enzyme, as it is the prime raw material used for processing regular dairy products into lactose-free dairy products.

Opportunities: Research & development and new sources of lactase extraction

Lactase is usually extracted from yeast. However, an extensive research & development is going on regarding the other sources of lactase enzymes, such as bacteria and fungi. Lactase enzymes extracted from bacterial sources have been used for lactose hydrolysis because of numerous benefits, such as their ease of fermentation, high activity, and the stability of the enzyme. Lactase enzymes sourced from a probiotic organism are used for food and food systems. Fungal sources of lactase enzymes possess optimal acidic pH range of 2.2 to 5.4. Owing to this, lactase sourced from fungi are more effective for the hydrolysis of lactose found in acidic substances, such as whey. These fungi-based enzymes are highly stable enzymes. The increasing research & developments about various sources of lactase enzymes gives opportunity to the lactase enzyme market to grow in the period forecasted.

Challenges: High processing cost and lack of technical expertise for lactase extraction

Small & medium-sized enterprises have efficient cost management due to limited capital and resources. Many quality and productivity improvement techniques are generally not finding a place in SMEs (small-and medium-sized enterprises) due to the lack of knowledge and resources to implement the same. However, the high costs involved in adapting to new technologies, production, and extraction procedures have restricted SMEs from improving their operations. Moreover, the process of lactase extraction requires technical expertise and abundant knowledge, which is majorly not present with the SMEs. Thus, extraction of lactase enzymes with fully equipped knowledge and expertise is among the major challenges for the lactase enzyme market.

Lactase enzyme modification technologies such as encapsulation of enzymes can be used to increase the shelf-life of enzymes. However, encapsulation of lactase has been considered an alternate strategy to overcome lactose intolerance and negative sensory properties of lactose-free milk. In addition, this technique is easily transferrable to other manufacturing sites and does not need sophisticated equipment. Enzyme encapsulation processes help in preserving native enzyme structures and activities. Furthermore, it can provide efficient protection against enzymatic degradation. Perhaps, the technical skills required for the encapsulation process is possessed by very less number of people. Therefore, the lack of skills among workforce is the major challenge for the lactase extraction process.

By source, the yeast segment is projected to account for the largest share in the lactase market during the forecast period

Yeast is a largely-used source for the extraction of lactase enzyme. Kluyveromyces lactis and Kluyveromyces fragilis (Sacchoramyces fragilis) are recognized as safe” (GRAS) by the Food & Drug Administration (FDA). Therefore, lactase enzyme sourced from yeast finds major applications in the food & beverage industry, especially in the dairy industry.

By form, liquid segment is projected to be the fastest growing segment in the lactase market during the forecast period

The liquid form of enzymes is generally less stable than the solid form, although it may have higher activity and better functionality than the powder form. It is directly used in the liquid form or sprayed and absorbed on a solid carrier. Among all applications, the liquid form of lactase enzyme is widely used in the food & beverage industry and pharmaceutical applications for products, such as syrups. Liquid lactase enzyme accelerates chemical, biological, and metabolic reactions by altering a reaction's efficiency and results in making the pharmaceutical product more efficient for human use.

Lactase Market by Region

Asia Pacific is projected to be the fastest growing region during the forecast period

The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The increasing awareness about lactose intolerance among consumers and expansion of companies providing lactose-free products in the region are some of the major factors driving the growth of lactase in the region.

Key Market Players:


Chr. Hansen Holding A/S (Denmark), Kerry Inc. (Ireland), Koninklijke DSM N.V. (Netherlands), Novozymes (Denmark), Merck KGaA (Sigma-Aldrich) (Germany), DuPont (US), Senson (Finland), Amano Enzyme Inc. (Japan), Advanced Enzyme Technologies (India), Enmex (Mexico).

Scope of the report

Report Metric

Details

Market size estimation

2018–2025

Base year considered

2019

Forecast period considered

2020–2025

Units considered

Value (USD), Volume (Ton)

Segments covered

Source, form, application, and region

Regions covered

North America, Europe, Asia Pacific, South America and RoW

Companies studied

  • Chr. Hansen Holding A/S (Denmark)
  • Kerry Inc. (Ireland)
  • Koninklijke DSM N.V. (Netherlands)
  • Novozymes (Denmark)
  • Merck KGaA (Sigma-Aldrich) (Germany)
  • DuPont (US)
  • Senson (Finland)
  • Amano Enzyme Inc. (Japan)
  • Advanced Enzyme Technologies (India)
  • Enmex (Mexico)
  • Antozyme Biotech Pvt. Ltd. (India)
  • Nature BioScience Pvt. L.T.D. (India)
  • Aumgene Biosciences (India)
  • Creative Enzymes (US)
  • Biolaxi Corporation (India)
  • Novact Corporation (US)
  • Enzyme Bioscience (India)
  • Infinita Biotech Private Limited (India)
  • Rajvi Enterprise (India)
  • Mitushi BioPharma (India)

Target Audience:

  • Raw material suppliers
    • Culture Media Suppliers
    • Cell line suppliers
  • End users, which include the following:
    • Milk manufacturers/suppliers
    • Yogurt manufacturers/suppliers
    • Cheese manufacturers/suppliers
    • Ice-cream manufacturers/suppliers
    • Pharmaceutical products manufacturers/suppliers
    • Dietary supplements manufacturers/supplier
  • Commercial research & development (R&D) institutions and financial institutions
  • Traders, distributors, and retail suppliers of lactase enzyme
  • Government and research organizations
  • Associations, regulatory bodies, food safety agencies, and other industry-related bodies:
    • Food and Drug Administration (FDA)
    • European Food Safety Authority (EFSA)
    • United States Department of Agriculture (USDA)
    • Food Standards Australia New Zealand (FSANZ)

This research report categorizes the lactase market based on source, form, application and region.

By Source

  • Fungi
  • Yeast
  • Bacteria

By Form

  • Dry
  • Liquid

By Application

  • Food & beverage
    • Milk
    • Cheese
    • Yogurt
    • Ice-cream
    • Others*
  • Pharmaceutical products & dietary supplements

*Others include confectionery, milk powder, infant milk formula, butter, spreads, and sour cream

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)
  • Middle East
  • Africa

Recent Developments

  • In March 2020, Novozymes launched Saphera Fiber, a new lactase enzyme. It can be used to increase the content of fibers while reducing sugar in fermented and non-fermented dairy products. Its usage will cater to the rising demand for clean-label products, as it can be used to manufacture dairy product sustainably with less use of artificial or chemically produced ingredients
  • In June 2019, Novozymes (Denmark) expanded its presence in East Africa, which allowed the company to meet the consumer demand for enzyme products.
  • In May 2019, Novozymes (Denmark) became the first multinational company to partner with Alibaba’s 1688 platform in industrial biotechnology in China. Novozymes’ enzymes are now available online through Alibaba’s platform.
  • In October 2019, DuPont Danisco launched Nurica, a dairy enzyme to help the lactose-free product manufacturers to meet the consumer demand for clean-label products. Danisco provides improved nutrition, better taste, texture, and greater cost-efficiency. This new product launch will help the company to strengthen the product portfolio and will also help the company to become a global leader in high-value enzymes for catering to the dairy industry.
  • In March 2018, DSM launched a new product range of dairy enzyme, called Maxilact Smart, which has a higher enzyme activity. This product is a major development in the enzyme industry, as it would help dairy producers to meet the growing demand for lactose-free dairy products in the market.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 24)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           FIGURE 1 LACTASE MARKET SEGMENTATION
    1.3 REGIONS COVERED
    1.4 PERIODIZATION CONSIDERED
    1.5 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2017–2019
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 28)
    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 Key Data from Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 APPROACH ONE: BOTTOM-UP APPROACH
           2.2.2 APPROACH TWO: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 3 DATA TRIANGULATION METHODOLOGY
    2.4 ASSUMPTIONS FOR THE STUDY
    2.5 LIMITATIONS OF THE STUDY
    2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19
           2.6.1 SCENARIO-BASED MODELLING
    2.7 COVID-19: HEALTH ASSESSMENT
           FIGURE 4 COVID-19: THE GLOBAL PROPAGATION
           FIGURE 5 COVID-19 PROPAGATION: SELECT COUNTRIES
    2.8 COVID-19: ECONOMIC ASSESSMENT
           FIGURE 6 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           2.8.1 COVID-19 IMPACT ON THE ECONOMY—SCENARIO ASSESSMENT
                    TABLE 2 CRITERIA IMPACTING THE GLOBAL ECONOMY
                    TABLE 3 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY

3 EXECUTIVE SUMMARY (Page No. - 44)
    TABLE 4 LACTASE MARKET SNAPSHOT, 2020 VS. 2025
    FIGURE 7 MARKET SIZE for LACTASE , BY SOURCE, 2020 VS. 2025
    FIGURE 8 MARKET SIZE for LACTASE, BY FORM, 2020 VS. 2025
    FIGURE 9 MARKET SIZE for LACTASE, BY APPLICATION, 2020 VS. 2025
    FIGURE 10 LACTASE MARKET SHARE & GROWTH (VALUE), BY REGION
    FIGURE 11 IMPACT OF COVID-19 ON THE LACTASE MARKET, BY SCENARIOS, 2020-2021

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE MARKET
           FIGURE 12 LACTASE: AN EMERGING MARKET WITH STEADY GROWTH POTENTIAL
    4.2 ASIA PACIFIC LACTASE MARKET, BY SOURCE
           FIGURE 13 BACTERIAL SOURCE OF LACTASE TO GROW AT THE HIGHEST RATE IN THE ASIA PACIFIC LACTASE MARKET FROM 2020 TO 2025
    4.3 NORTH AMERICAN LACTASE MARKET, BY APPLICATION
           FIGURE 14 THE FOOD & BEVERAGES SEGMENT DOMINATED THE NORTH AMERICAN LACTASE MARKET FROM 2020 TO 2025
    4.4 EUROPEAN MARKET for LACTASE, BY FORM
           FIGURE 15 LIQUID FORM ESTIMATED TO DOMINATE THE EUROPEAN LACTASE MARKET IN 2020
    4.5 SOUTH AMERICAN MARKET for LACTASE, BY SOURCE
           FIGURE 16 MARKET FOR YEAST-DERIVED LACTASE PROJECTED TO DOMINATE THE MARKET FROM 2020 TO 2025
    4.6 NORTH AMERICA: MARKET for LACTASE, BY SOURCE AND COUNTRY
           FIGURE 17 YEAST, ON THE BASIS OF SOURCE, ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE IN THE NORTH AMERICAN LACTASE MARKET IN 2020
    4.7 MARKET for LACTASE, BY COUNTRY
           FIGURE 18 NORTH AMERICAN COUNTRIES ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE GLOBALLY IN THE LACTASE MARKET,2020

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 19 MARKET DYNAMICS: LACTOSE-FREE PRODUCTS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rising cases of lactose intolerance and growing demand from lactose-free dairy product manufacturers
           FIGURE 20 GLOBAL PREVALENCE OF LACTOSE INTOLERANCE, BY COUNTRY, 2017 (% OF POPULATION WITH LACTASE DEFICIENCY)
                    5.2.1.2 Rising innovations and new product developments in the application market to drive the demand for lactase enzyme
           5.2.2 RESTRAINTS
                    5.2.2.1 Shifting preferences toward dairy-free alternatives
                               FIGURE 21 US PLANT-BASED MILK MARKET, 2017–2019 (USD BILLION)
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increase demand for lactase from direct consumers for preparing lactose-free products
                    5.2.3.2 Research & development and new sources of lactase extraction
           5.2.4 CHALLENGES
                    5.2.4.1 High processing cost and lack of technical expertise for lactase extraction
                    5.2.4.2 Concerns over the quality of enzyme used in the food & beverage industry
                    5.2.4.3 Impact of COVID-19 on the supply chain of lactase
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 22 VALUE CHAIN ANALYSIS
    5.4 FOOD ADDITIVES ECOSYSTEM/MARKET MAP
           FIGURE 23 FOOD ADDITIVES ECOSYSTEM/LANDSCAPE
           FIGURE 24 ECOSYSTEM VIEW
    5.5 LIST OF PATENTS
           5.5.1 INTRODUCTION
                    TABLE 5 PATENTS PERTAINING TO LACTASE ENZYME
    5.6 YC-YCC SHIFT
           FIGURE 25 YC-YCC SHIFT

6 LACTASE MARKET, BY SOURCE (Page No. - 66)
    6.1 INTRODUCTION
           FIGURE 26 LACTASE MARKET SIZE, BY SOURCE, 2020 VS. 2025 (USD MILLION)
           TABLE 6 MARKET SIZE for LACTASE, BY SOURCE, 2018–2025 (USD MILLION)
           TABLE 7 MARKET SIZE for LACTASE, BY SOURCE, 2018–2025 (TON)
    6.2 IMPACT OF COVID-19 ON THE LACTASE MARKET, BY SOURCE
           TABLE 8 OPTIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY SOURCE, 2018–2021 (USD MILLION)
           TABLE 9 OPTIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY SOURCE, 2018–2021 (TON)
           TABLE 10 REALISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY SOURCE, 2018–2021 (USD MILLION)
           TABLE 11 REALISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY SOURCE, 2018–2021 (TON)
           TABLE 12 PESSIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY SOURCE, 2018–2021 (USD MILLION)
           TABLE 13 PESSIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY SOURCE, 2018–2021 (TON)
    6.3 YEAST
           6.3.1 TECHNOLOGICAL ADVANCEMENT FOR THE EXTRACTION OF LACTASE FROM YEAST DRIVES THE MARKET GROWTH OF YEAST-BASED LACTASE
                    TABLE 14 YEAST MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 15 YEAST MARKET SIZE, BY REGION, 2018–2025 (TON)
    6.4 FUNGI
           6.4.1 INCREASED USE OF FUNGAL LACTASE IN THE DAIRY AND PHARMACEUTICAL INDUSTRIES BOOSTING MARKET GROWTH
                    TABLE 16 FUNGI MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 17 FUNGI MARKET SIZE, BY REGION, 2018–2025 (TON)
    6.5 BACTERIA
           6.5.1 OFFERS LONGER SHELF-LIFE, CLEAN, AND CONSISTENT FLAVOR TO LACTOSE-FREE DAIRY PRODUCTS
                    TABLE 18 BACTERIA MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 19 BACTERIA MARKET SIZE, BY REGION, 2018–2025 (TON)

7 LACTASE MARKET, BY FORM (Page No. - 74)
    7.1 INTRODUCTION
           FIGURE 27 LACTASE MARKET SIZE, BY FORM, 2020 VS. 2025 (USD MILLION)
           TABLE 20 MARKET SIZE for LACTASE, BY FORM, 2018–2025 (USD MILLION)
           TABLE 21 MARKET SIZE for LACTASE, BY FORM, 2018–2025 (TON)
    7.2 IMPACT OF COVID-19 ON THE MARKET SIZE for LACTASE, BY FORM
           TABLE 22 OPTIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY FORM, 2018–2021 (USD MILLION)
           TABLE 23 OPTIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY FORM, 2018–2021 (TON)
           TABLE 24 REALISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY FORM, 2018–2021 (USD MILLION)
           TABLE 25 REALISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY FORM, 2018–2021 (TON)
           TABLE 26 PESSIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY FORM, 2018–2021 (USD MILLION)
           TABLE 27 PESSIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY FORM, 2018–2021 (TON)
    7.3 LIQUID
           7.3.1 EASE OF USE IN THE DAIRY INDUSTRY BOOSTS THE USAGE OF THE LIQUID FORM OF LACTASE
                    TABLE 28 LIQUID LACTASE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 29 LIQUID LACTASE MARKET SIZE, BY REGION, 2018–2025 (TON)
    7.4 DRY
           7.4.1 DRY FORM ENABLES BETTER ACCURACY OF DOSAGES IN END PRODUCTS
                    TABLE 30 DRY LACTASE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 31 DRY LACTASE MARKET SIZE, BY REGION, 2018–2025 (TON)

8 MARKET for LACTASE, BY APPLICATION (Page No. - 80)
    8.1 INTRODUCTION
           FIGURE 28 MARKET SIZE for LACTASE, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
           TABLE 32 MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 33 MARKET SIZE for LACTASE BY APPLICATION, 2018–2025 (TON)
           TABLE 34 OPTIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 35 OPTIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY APPLICATION, 2018–2021 (TON)
           TABLE 36 REALISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 37 REALISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY APPLICATION, 2018–2021 (TON)
           TABLE 38 PESSIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 39 PESSIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY APPLICATION, 2018–2021 (TON)
    8.2 FOOD & BEVERAGES
           TABLE 40 FOOD & BEVERAGES: MARKET SIZE for LACTASE, BY REGION, 2018–2025 (USD MILLION)
           TABLE 41 FOOD & BEVERAGES: LACTASE MARKET SIZE, BY REGION, 2018–2025 (TON)
           TABLE 42 FOOD & BEVERAGES: MARKET SIZE for LACTASE, BY SUB-APPLICATION, 2018–2025 (USD MILLION)
           TABLE 43 FOOD & BEVERAGES: LACTASE MARKET SIZE, BY SUB-APPLICATION, 2018–2025 (TON)
           8.2.1 MILK
                    TABLE 44 LACTASE MARKET SIZE FOR MILK APPLICATION, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 45 LACTASE MARKET SIZE FOR MILK APPLICATION, BY REGION, 2018–2025 (TON)
           8.2.2 CHEESE
                    TABLE 46 LACTASE MARKET SIZE FOR CHEESE APPLICATION, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 47 LACTASE MARKET SIZE FOR CHEESE APPLICATION, BY REGION, 2018–2025 (TON)
    8.3 YOGURT
                    TABLE 48 LACTASE MARKET SIZE FOR YOGURT APPLICATION, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 49 LACTASE MARKET SIZE FOR YOGURT APPLICATION, BY REGION, 2018–2025 (TON)
           8.3.1 ICE-CREAM
                    TABLE 50 LACTASE MARKET SIZE FOR ICE-CREAM APPLICATION, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 51 LACTASE MARKET SIZE FOR ICE-CREAM APPLICATION, BY REGION, 2018–2025 (TON)
           8.3.2 OTHERS
                    TABLE 52 LACTASE MARKET SIZE FOR OTHER APPLICATIONS, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 53 LACTASE MARKET SIZE FOR OTHER APPLICATIONS, BY REGION, 2018–2025 (TON)
    8.4 PHARMACEUTICAL PRODUCTS & DIETARY SUPPLEMENTS
                    TABLE 54 PHARMACEUTICAL PRODUCTS & DIETARY SUPPLEMENT APPLICATION: MARKET SIZE for LACTASE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 55 PHARMACEUTICAL PRODUCTS & DIETARY SUPPLEMENTS APPLICATION: MARKET SIZE for LACTASE, BY REGION, 2018–2025 (TON)

9 LACTASE MARKET, BY REGION (Page No. - 93)
    9.1 INTRODUCTION
    9.2 REGULATORY FRAMEWORK
           9.2.1 LACTOSE-FREE/LOW-LACTOSE MILK REGULATIONS IN INDIA
           9.2.2 LACTASE ENZYME REGULATIONS IN THE US
                    9.2.2.1 Lactase enzyme preparation from Candida pseudotropicalis, under Sec. 184.13887
                    9.2.2.2 Lactase enzyme preparation from Kluyveromyces lactis, under Sec. 184.1388
                               FIGURE 29 ASIA PACIFIC TO BE THE FASTEST-GROWING MARKET FROM 2020 TO 2025
                               TABLE 56 LACTASE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                               TABLE 57 LACTASE MARKET SIZE, BY REGION, 2018–2025 (TON)
                               TABLE 58 OPTIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 59 OPTIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY REGION, 2018–2021 (TON)
                               TABLE 60 REALISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 61 REALISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY REGION, 2018–2021 (TON)
                               TABLE 62 PESSIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 63 PESSIMISTIC SCENARIO: IMPACT OF COVID-19 ON THE LACTASE MARKET, BY REGION, 2018–2021 (TON)
    9.3 NORTH AMERICA
           FIGURE 30 HEALTH SPENDING IN NORTH AMERICA: 2015–2018 (USD/CAPITA)
           FIGURE 31 NORTH AMERICA: LACTASE MARKET SNAPSHOT
           TABLE 64 NORTH AMERICA: MARKET SIZE for LACTASE, BY SOURCE, 2018–2025 (USD MILLION)
           TABLE 65 NORTH AMERICA: MARKET SIZE for LACTASE, BY SOURCE, 2018–2025 (TON)
           TABLE 66 NORTH AMERICA: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 67 NORTH AMERICA: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (TON)
           TABLE 68 NORTH AMERICA: LACTASE MARKET SIZE, BY FOOD & BEVERAGES SUB-APPLICATION, 2018–2025 (USD MILLION)
           TABLE 69 NORTH AMERICA: MARKET SIZE for LACTASE, BY FOOD & BEVERAGES SUB-APPLICATION, 2018–2025 (TON)
           TABLE 70 NORTH AMERICA: MARKET SIZE for LACTASE, BY FORM, 2018–2025 (USD MILLION)
           TABLE 71 NORTH AMERICA: MARKET SIZE for LACTASE, BY FORM, 2018–2025 (TON)
           TABLE 72 NORTH AMERICA: MARKET SIZE for LACTASE, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 73 NORTH AMERICA: LACTASE MARKET SIZE, BY COUNTRY, 2018–2025 (TON)
           9.3.1 US
                    9.3.1.1 Increasing spending on health products by consumers creates growth opportunities in the country
                               TABLE 74 US: LACTASE MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.3.2 CANADA
                    9.3.2.1 Rising awareness among consumers about health concerns to drive the market growth
                               TABLE 75 CANADA: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.3.3 MEXICO
                    9.3.3.1 Rising consumer inclination toward dairy products to drive the market growth for lactase in Mexico
                               TABLE 76 MEXICO: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
    9.4 EUROPE
           FIGURE 32 COUNTRY-WISE FREQUENCY OF LACTASE DEFICIENCY IN EUROPE
           TABLE 77 EUROPE: LACTASE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 78 EUROPE: MARKET SIZE for LACTASE, BY COUNTRY, 2018–2025 (TON)
           TABLE 79 EUROPE: MARKET SIZE for LACTASE, BY FORM, 2018–2025 (USD MILLION)
           TABLE 80 EUROPE: MARKET SIZE for LACTASE, BY FORM, 2018–2025 (TON)
           TABLE 81 EUROPE: MARKET SIZE for LACTASE, BY SOURCE, 2018–2025 (USD MILLION)
           TABLE 82 EUROPE: MARKET SIZE for LACTASE, BY SOURCE, 2018–2025 (TON)
           TABLE 83 EUROPE: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 84 EUROPE: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (TON)
           TABLE 85 EUROPE: MARKET SIZE for LACTASE, BY FOOD & BEVERAGES SUB-APPLICATION, 2018–2025 (USD MILLION)
           TABLE 86 EUROPE: MARKET SIZE for LACTASE, BY FOOD & BEVERAGES SUB-APPLICATION, 2018–2025 (TON)
           9.4.1 UK
                    9.4.1.1 Increasing trend of buying lactase as a supplement to drive the growth of the lactase market
                               FIGURE 33 MILK USAGE IN DIFFERENT PRODUCTS IN THE UK:2018
                               TABLE 87 UK: LACTASE MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.4.2 GERMANY
                    9.4.2.1 Increase in awareness and easy availability of lactase in the form of liquid drops through online platforms encouraging the demand for lactase
                               TABLE 88 GERMANY: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.4.3 SPAIN
                    9.4.3.1 Increase in application of lactase for preparation of various lactose-free bakery & confectionery products
                               TABLE 89 SPAIN: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.4.4 ITALY
                    9.4.4.1 Lactase, as a naturally-sourced enzyme, has high acceptance in the foodservice sector
                               TABLE 90 ITALY: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.4.5 FRANCE
                    9.4.5.1 Presence of major players offering lactose-free products driving the growth of the lactase market
                               TABLE 91 FRANCE: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.4.6 REST OF EUROPE
                    TABLE 92 REST OF EUROPE: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
    9.5 ASIA PACIFIC
           FIGURE 34 ASIA PACIFIC: MARKET SNAPSHOT
           TABLE 93 ASIA PACIFIC: MARKET SIZE for LACTASE, BY SOURCE, 2018–2025 (USD MILLION)
           TABLE 94 ASIA PACIFIC: MARKET SIZE for LACTASE, BY SOURCE, 2018–2025 (TON)
           TABLE 95 ASIA PACIFIC: LACTASE MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 96 ASIA PACIFIC: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (TON)
           TABLE 97 ASIA PACIFIC: MARKET SIZE for LACTASE, BY FOOD & BEVERAGES SUB-APPLICATION, 2018–2025 (USD MILLION)
           TABLE 98 ASIA PACIFIC: MARKET SIZE for LACTASE, BY FOOD & BEVERAGES SUB-APPLICATION, 2018–2025 (TON)
           TABLE 99 ASIA PACIFIC: MARKET SIZE for LACTASE, BY FORM, 2018–2025 (USD MILLION)
           TABLE 100 ASIA PACIFIC: MARKET SIZE for LACTASE, BY FORM, 2018–2025 (TON)
           TABLE 101 ASIA PACIFIC: LACTASE MARKET SIZE, BY COUNTRY/REGION, 2018–2025 (USD MILLION)
           TABLE 102 ASIA PACIFIC: MARKET SIZE for LACTASE, BY COUNTRY/REGION, 2018–2025 (TON)
           9.5.1 CHINA
                    9.5.1.1 Increasing the consumption of dairy products to drive the growth of the lactase market in china
                               TABLE 103 CHINA: LACTASE MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.5.2 INDIA
                    9.5.2.1 Increasing expenditure on health to create opportunities for the lactase market in India
                               FIGURE 35 INDIA: PUBLIC EXPENDITURE ON HEALTH AS A PERCENTAGE OF GDP, 2013–2016
                               TABLE 104 INDIA: LACTASE MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.5.3 JAPAN
                    9.5.3.1 Rising demand for dairy products for digestive health benefits to drive the demand among Japanese consumers
                               TABLE 105 JAPAN: LACTASE MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.5.4 AUSTRALIA & NEW ZEALAND
                    9.5.4.1 Increasing use of reduced sugar products to drive market growth
                               TABLE 106 AUSTRALIA & NEW ZEALAND: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.5.5 REST OF ASIA PACIFIC
                               TABLE 107 REST OF ASIA PACIFIC: MARKET SIZE for LACTASE SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
    9.6 SOUTH AMERICA
           TABLE 108 SOUTH AMERICA: MARKET SIZE for LACTASE, BY COUNTRY/REGION, 2018–2025 (USD MILLION)
           TABLE 109 SOUTH AMERICA: LACTASE MARKET SIZE, BY COUNTRY/REGION, 2018–2025 (TON)
           TABLE 110 SOUTH AMERICA: MARKET SIZE for LACTASE, BY FORM, 2018–2025 (USD MILLION)
           TABLE 111 SOUTH AMERICA: MARKET SIZE for LACTASE, BY FORM, 2018–2025 (TON)
           TABLE 112 SOUTH AMERICA: LACTASE MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION)
           TABLE 113 SOUTH AMERICA: MARKET SIZE for LACTASE, BY SOURCE, 2018–2025 (TON)
           TABLE 114 SOUTH AMERICA: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 115 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2018–2025 (TON)
           TABLE 116 SOUTH AMERICA: MARKET SIZE, BY FOOD & BEVERAGES SUB-APPLICATION, 2018–2025 (USD MILLION)
           TABLE 117 SOUTH AMERICA: MARKET SIZE, BY FOOD & BEVERAGES SUB-APPLICATION, 2018–2025 (TON)
           9.6.1 BRAZIL
                    9.6.1.1 Expansion of R&D activities in the country for the production of lactase
                               TABLE 118 BRAZIL: LACTASE MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.6.2 ARGENTINA
                    9.6.2.1 Increased use of lactase enzyme for the production of lactose-free dairy products for domestic consumption
                               TABLE 119 ARGENTINA: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.6.3 REST OF SOUTH AMERICA
                    TABLE 120 REST OF SOUTH AMERICA: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
    9.7 REST OF THE WORLD
           TABLE 121 ROW: MARKET SIZE for LACTASE, BY REGION, 2018–2025 (USD MILLION)
           TABLE 122 ROW: MARKET SIZE for LACTASE, BY REGION, 2018–2025 (TON)
           TABLE 123 ROW: MARKET SIZE for LACTASE, BY FORM, 2018–2025 (USD MILLION)
           TABLE 124 ROW: MARKET SIZE for LACTASE, BY FORM, 2018–2025 (TON)
           TABLE 125 ROW: MARKET SIZE for LACTASE, BY SOURCE, 2018–2025 (USD MILLION)
           TABLE 126 ROW: MARKET SIZE for LACTASE, BY SOURCE, 2018–2025 (TON)
           TABLE 127 ROW: MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 128 ROW: MARKET SIZE, BY APPLICATION, 2018–2025 (TON)
           TABLE 129 ROW: MARKET SIZE, BY FOOD & BEVERAGE, 2018–2025 (USD MILLION)
           TABLE 130 ROW: LACTASE MARKET SIZE, BY FOOD & BEVERAGE, 2018–2025 (TON)
           9.7.1 MIDDLE EAST
                    9.7.1.1 Easy availability of lactase enzyme pills and capsules through online platforms drives the market growth in the region
                               TABLE 131 MIDDLE EAST: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)
           9.7.2 AFRICA
                    9.7.2.1 Changing consumer preferences and added benefits provided by lactase inclusions in lactose-free products
                               FIGURE 36 AFRICAN DAIRY CONSUMPTION, 2017–2020
                               TABLE 132 AFRICA: MARKET SIZE for LACTASE, BY APPLICATION, 2018–2025 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 134)
     10.1 MARKET EVALUATION FRAMEWORK
             FIGURE 37 MARKET EVALUATION FRAMEWORK: 2017 TO 2020
     10.2 RANKING OF KEY PLAYERS, 2020
               FIGURE 38 CHR HANSEN HOLDINGS A/S COMPANY LED THE MARKET IN 2019
     10.3 KEY MARKET DEVELOPMENTS
             10.3.1 NEW PRODUCT LAUNCHES
                       TABLE 133 NEW PRODUCT LAUNCHES, 2017–2020
             10.3.2 ACQUISITIONS
                       TABLE 134 ACQUISITIONS, 2017-2020
             10.3.3 EXPANSIONS & INVESTMENTS
                       TABLE 135 EXPANSIONS & INVESTMENTS, 2017–2020
             10.3.4 AGREEMENTS, JOINT VENTURES, AND PARTNERSHIPS
                       TABLE 136 AGREEMENTS, JOINT VENTURES, AND PARTNERSHIPS:

11 COMPANY EVALUATION MATRIX (Page No. - 137)
     11.1 OVERVIEW
     11.2 COMPETITIVE EVALUATION MATRIX DEFINITIONS & METHODOLOGY
             11.2.1 STARS
             11.2.2 EMERGING LEADER
             11.2.3 PERVASIVE
             11.2.4 EMERGING COMPANIES
     11.3 COMPANY EVALUATION MATRIX, 2019 (OVERALL MARKET)
               FIGURE 39 GLOBAL LACTASE MARKET COMPANY EVALUATION MATRIX, 2019 (OVERALL MARKET)
     11.4 COMPANY PROFILES
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
             11.4.1 CHR. HANSEN HOLDINGS A/S
                       FIGURE 40 CHR. HANSEN HOLDING A/S: COMPANY SNAPSHOT
             11.4.2 KERRY GROUP
                       FIGURE 41 KERRY GROUP: COMPANY SNAPSHOT
             11.4.3 KONINKLIJKE DSM N.V
                       FIGURE 42 KONINKLIJKE DSM N.V: COMPANY SNAPSHOT
             11.4.4 NOVOZYMES
                       FIGURE 43 NOVOZYMES: COMPANY SNAPSHOT
             11.4.5 MERCK KGAA
                       FIGURE 44 MERCK KGAA: COMPANY SNAPSHOT
             11.4.6 DUPONT
                       FIGURE 45 DUPONT: COMPANY SNAPSHOT
             11.4.7 SENSON
             11.4.8 AMANO ENZYME
             11.4.9 ADVANCED ENZYME TECHNOLOGIES
                       FIGURE 46 ADVANCED ENZYMES: COMPANY SNAPSHOT
               11.4.10 ENMEX
     11.5 STARTUP/SME PROFILES
             11.5.1 ANTOZYME BIOTECH PVT. LTD.
             11.5.2 NATURE BIOSCIENCE PVT. LTD
             11.5.3 AUMGENE BIOSCIENCES
             11.5.4 CREATIVE ENZYMES
             11.5.5 BIOLAXI CORPORATION
             11.5.6 NOVACT CORPORATION
             11.5.7 ENZYME BIOSCIENCE
             11.5.8 INFINITA BIOTECH PRIVATE LIMITED
             11.5.9 RAJVI ENTERPRISE
             11.5.10 MITUSHI BIOPHARMA

*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 165)
     12.1 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.2 AVAILABLE CUSTOMIZATIONS
     12.3 RELATED REPORTS
     12.4 AUTHOR DETAILS

This research study involved the extensive use of secondary sources—directories and databases, such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. In-depth interviews were conducted with various primary respondents—such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants—to obtain and verify critical qualitative and quantitative information, as well as to assess 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 sources such as the Food and Agriculture Organization (FAO), United States Department of Agriculture (USDA), Organisation for Economic Co-operation and Development (OECD), and European Food Safety Authority (EFSA) were referred to, to identify and collect information for this study. The secondary sources also include clinical studies and journals, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and paid databases.

Secondary research was mainly conducted to obtain key information about the industry’s supply chain, the total pool of key players, market classification & segmentation according to the industry trends to the bottom-most level, and geographical markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The market comprises several stakeholders in the supply chain, which include raw material suppliers and lactase manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the supply-side include exogenous lactase enzyme manufacturers. Also, technology providers were interviewed during the process. The primary sources from the demand-side include lactose-free product manufacturers, pharmaceutical companies, distributors, wholesalers, importers, and exporters of lactase.

Given below is the breakdown of the primary respondents.

Lactase Market Size, and Share

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 market. These approaches were also used extensively to determine the size of various subsegments in the market for the base year (2019) in terms of value. The research methodology used to estimate the market size include 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, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible 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, 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. To estimate the overall lactase market size and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Report Objectives

  • Determining and projecting the size of the global market, with respect to source, form, application, and regional markets, over a six -year period, ranging from 2020 to 2025
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • Analyzing the micromarkets, with respect to individual growth trends, prospects, and their contribution to the total market
  • Analyzing and projecting pessimistic, realistic, and optimistic COVID-19 impact on the market, with respect to source, form, application, and regional markets for 2020 and 2021.
  • Identifying and profiling the key players in the global market
  • Providing a comparative analysis of market leaders on the basis of the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
  • Analyzing the value chain and products across the key regions and their impact on the prominent market players
  • Providing insights on key product innovations and investments in the global 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:

Geographic Analysis

  • Further breakdown of the Rest of Europe lactase market into Poland, the Netherlands, Denmark, Russia, and other EU and non-EU countries.
  • Further breakdown of the Rest of Asia Pacific includes South Korea, Indonesia, Vietnam, the Philippines, Malaysia, Singapore, and Thailand.
  • Further breakdown of the Rest of South America includes Colombia, Peru and Chile.

Segment Analysis

  • Further breakdown of the global market by application, into confectionery, milk powder, infant milk formula, butter, spreads, and sour cream
COVID-19

Get in-depth analysis of the COVID-19 impact on the Lactase Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Lactase Market

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