Lactase Market

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

Report Code: FB 7695 Nov, 2022, by marketsandmarkets.com

[242 Pages Report] According to MarketsandMarkets, 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. 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.

Lactase Market

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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.

Lactase Market Size, and Share

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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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Scope of the Report

Report Metrics

Details

Market size estimation 2019–2027
Base year considered 2021
Forecast period considered 2022–2027
2022–2027 Value (USD Million) / Volume (tons)
Segments Covered Source, form, application and region
Regions covered North America, Europe, Asia Pacific, South America, and Rest of the World
Companies studied
  • 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 Inc. (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)
  • Senson (Finland)

Target Audience:

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

Report Scope:

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):

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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 LACTASE MARKET, BY FORM, 2019–2021 (USD MILLION)
           TABLE 36 LACTASE MARKET, BY FORM, 2022–2027 (USD MILLION)
           TABLE 37 LACTASE MARKET, BY FORM, 2019–2021 (TON)
           TABLE 38 LACTASE 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 LACTASE MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 41 LIQUID LACTASE MARKET, BY REGION, 2019–2021 (TON)
                    TABLE 42 LIQUID LACTASE 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 LACTASE MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 45 DRY LACTASE MARKET, BY REGION, 2019–2021 (TON)
                    TABLE 46 DRY LACTASE 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 LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
           TABLE 48 LACTASE MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 49 LACTASE MARKET, BY APPLICATION, 2019–2021 (TON)
           TABLE 50 LACTASE 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 LACTASE MARKET, BY REGION, 2022–2027 (USD MILLION)
               TABLE 85 LACTASE MARKET, BY REGION, 2019–2021 (TON)
               TABLE 86 LACTASE 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: LACTASE MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 89 NORTH AMERICA: LACTASE MARKET, BY COUNTRY, 2019–2021 (TON)
               TABLE 90 NORTH AMERICA: LACTASE MARKET, BY COUNTRY, 2022–2027 (TON)
               TABLE 91 NORTH AMERICA: LACTASE MARKET, BY FORM, 2019–2021 (USD MILLION)
               TABLE 92 NORTH AMERICA: LACTASE MARKET, BY FORM, 2022–2027 (USD MILLION)
               TABLE 93 NORTH AMERICA: LACTASE MARKET, BY FORM, 2019–2021 (TON)
               TABLE 94 NORTH AMERICA: LACTASE MARKET, BY FORM, 2022–2027 (TON)
               TABLE 95 NORTH AMERICA: LACTASE MARKET, BY SOURCE, 2019–2021 (USD MILLION)
               TABLE 96 NORTH AMERICA: LACTASE MARKET, BY SOURCE, 2022–2027 (USD MILLION)
               TABLE 97 NORTH AMERICA: LACTASE MARKET, BY SOURCE, 2019–2021 (TON)
               TABLE 98 NORTH AMERICA: LACTASE MARKET, BY SOURCE, 2022–2027 (TON)
               TABLE 99 NORTH AMERICA: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
               TABLE 100 NORTH AMERICA: LACTASE MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 101 NORTH AMERICA: LACTASE MARKET, BY APPLICATION, 2019–2021 (TON)
               TABLE 102 NORTH AMERICA: LACTASE 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: LACTASE 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: LACTASE 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: LACTASE 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: LACTASE MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 115 EUROPE: LACTASE MARKET, BY COUNTRY, 2019–2021 (TON)
               TABLE 116 EUROPE: LACTASE MARKET, BY COUNTRY, 2022–2027 (TON)
               TABLE 117 EUROPE: LACTASE MARKET, BY FORM, 2019–2021 (USD MILLION)
               TABLE 118 EUROPE: LACTASE MARKET, BY FORM, 2022–2027 (USD MILLION)
               TABLE 119 EUROPE: LACTASE MARKET, BY FORM, 2019–2021 (TON)
               TABLE 120 EUROPE: LACTASE MARKET, BY FORM, 2022–2027 (TON)
               TABLE 121 EUROPE: LACTASE MARKET, BY SOURCE, 2019–2021 (USD MILLION)
               TABLE 122 EUROPE: LACTASE MARKET, BY SOURCE, 2022–2027 (USD MILLION)
               TABLE 123 EUROPE: LACTASE MARKET, BY SOURCE, 2019–2021 (TON)
               TABLE 124 EUROPE: LACTASE MARKET, BY SOURCE, 2022–2027 (TON)
               TABLE 125 EUROPE: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
               TABLE 126 EUROPE: LACTASE MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 127 EUROPE: LACTASE MARKET, BY APPLICATION, 2019–2021 (TON)
               TABLE 128 EUROPE: LACTASE 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: LACTASE 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: LACTASE 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: LACTASE 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: LACTASE 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: LACTASE 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: LACTASE MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     10.4 ASIA PACIFIC
               FIGURE 32 ASIA PACIFIC: LACTASE MARKET SNAPSHOT
               TABLE 145 ASIA PACIFIC: LACTASE MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
               TABLE 146 ASIA PACIFIC: LACTASE MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 147 ASIA PACIFIC: LACTASE MARKET, BY COUNTRY, 2019–2021 (TON)
               TABLE 148 ASIA PACIFIC: LACTASE MARKET, BY COUNTRY, 2022–2027 (TON)
               TABLE 149 ASIA PACIFIC: LACTASE MARKET, BY FORM, 2019–2021 (USD MILLION)
               TABLE 150 ASIA PACIFIC: LACTASE MARKET, BY FORM, 2022–2027 (USD MILLION)
               TABLE 151 ASIA PACIFIC: LACTASE MARKET, BY FORM, 2019–2021 (TON)
               TABLE 152 ASIA PACIFIC: LACTASE MARKET, BY FORM, 2022–2027 (TON)
               TABLE 153 ASIA PACIFIC: LACTASE MARKET, BY SOURCE, 2019–2021 (USD MILLION)
               TABLE 154 ASIA PACIFIC: LACTASE MARKET, BY SOURCE, 2022–2027 (USD MILLION)
               TABLE 155 ASIA PACIFIC: LACTASE MARKET, BY SOURCE, 2019–2021 (TON)
               TABLE 156 ASIA PACIFIC: LACTASE MARKET, BY SOURCE, 2022–2027 (TON)
               TABLE 157 ASIA PACIFIC: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
               TABLE 158 ASIA PACIFIC: LACTASE MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 159 ASIA PACIFIC: LACTASE MARKET, BY APPLICATION, 2019–2021 (TON)
               TABLE 160 ASIA PACIFIC: LACTASE 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: LACTASE 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: LACTASE 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: LACTASE 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: LACTASE 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: LACTASE 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: LACTASE MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 177 SOUTH AMERICA: LACTASE MARKET, BY COUNTRY, 2019–2021 (TON)
               TABLE 178 SOUTH AMERICA: LACTASE MARKET, BY COUNTRY, 2022–2027 (TON)
               TABLE 179 SOUTH AMERICA: LACTASE MARKET, BY FORM, 2019–2021 (USD MILLION)
               TABLE 180 SOUTH AMERICA: LACTASE MARKET, BY FORM, 2022–2027 (USD MILLION)
               TABLE 181 SOUTH AMERICA: LACTASE MARKET, BY FORM, 2019–2021 (TON)
               TABLE 182 SOUTH AMERICA: LACTASE MARKET, BY FORM, 2022–2027 (TON)
               TABLE 183 SOUTH AMERICA: LACTASE MARKET, BY SOURCE, 2019–2021 (USD MILLION)
               TABLE 184 SOUTH AMERICA: LACTASE MARKET, BY SOURCE, 2022–2027 (USD MILLION)
               TABLE 185 SOUTH AMERICA: LACTASE MARKET, BY SOURCE, 2019–2021 (TON)
               TABLE 186 SOUTH AMERICA: LACTASE MARKET, BY SOURCE, 2022–2027 (TON)
               TABLE 187 SOUTH AMERICA: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
               TABLE 188 SOUTH AMERICA: LACTASE MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 189 SOUTH AMERICA: LACTASE MARKET, BY APPLICATION, 2019–2021 (TON)
               TABLE 190 SOUTH AMERICA: LACTASE 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: LACTASE 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: LACTASE 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: LACTASE MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     10.6 ROW
               TABLE 201 ROW: LACTASE MARKET, BY REGION, 2019–2021 (USD MILLION)
               TABLE 202 ROW: LACTASE MARKET, BY REGION, 2022–2027 (USD MILLION)
               TABLE 203 ROW: LACTASE MARKET, BY REGION, 2019–2021 (TON)
               TABLE 204 ROW: LACTASE MARKET, BY REGION, 2022–2027 (TON)
               TABLE 205 ROW: LACTASE MARKET, BY FORM, 2019–2021 (USD MILLION)
               TABLE 206 ROW: LACTASE MARKET, BY FORM, 2022–2027 (USD MILLION)
               TABLE 207 ROW: LACTASE MARKET, BY FORM, 2019–2021 (TON)
               TABLE 208 ROW: LACTASE MARKET, BY FORM, 2022–2027 (TON)
               TABLE 209 ROW: LACTASE MARKET, BY SOURCE, 2019–2021 (USD MILLION)
               TABLE 210 ROW: LACTASE MARKET, BY SOURCE, 2022–2027 (USD MILLION)
               TABLE 211 ROW: LACTASE MARKET, BY SOURCE, 2019–2021 (TON)
               TABLE 212 ROW: LACTASE MARKET, BY SOURCE, 2022–2027 (TON)
               TABLE 213 ROW: LACTASE MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
               TABLE 214 ROW: LACTASE MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
               TABLE 215 ROW: LACTASE MARKET, BY APPLICATION, 2019–2021 (TON)
               TABLE 216 ROW: LACTASE 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: LACTASE 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: LACTASE 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.

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 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)
Report Code
FB 7695
Published ON
Nov, 2022
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