Lactase Market Size Estimated to Reach $289.1 Million By 2028 | Prominent Players: Mitushi Biopharma, Ltd., Dupont, Antozyme Biotech, Advanced Enzyme Technologies, Novact Corp, Aumgene Biosciences

September 23 08:54 2021
Lactase Market Size Estimated to Reach $289.1 Million By 2028 | Prominent Players: Mitushi Biopharma, Ltd., Dupont, Antozyme Biotech, Advanced Enzyme Technologies, Novact Corp, Aumgene Biosciences
“Polaris Market Research”
The new published report by Polaris Market Research The global lactase market was valued at USD 193.7 million in 2020 and size is expected to reach USD 289.1 million by 2028 to grow at a CAGR of 5.2% during the forecast period

The global lactase market size is expected to reach USD 289.1 million by 2028 according to a new study by Polaris Market Research. The report “Lactase Market Share, Size, Trends, Industry Analysis Report, By Source (Fungi, Yeast, Bacteria); By Form (Powder, Liquid); By Application (Food & Beverages, {Milk, Cheese, Yogurt, Others}, Dietary Supplements, Pharmaceuticals); By Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth. 

Lactose intolerance (LI) in new-borns is caused due to mutation in the LCT gene, which results in a life-long condition. LI is the rare condition, inherited, most prevalent in Finland. In adults, LI is due to a decrease in the activity of the LCT gene, causing inability in digesting lactose, as they age. It is being assumed that more than 65%of the adult human population has some form of LI, which results in abdominal pain, gastro-intestinal difficulties, after having dairy products. 

As per the estimates of the National Institute of Health (NIH), Asian heritage adults are the most common sufferers of lactose intolerance affecting around 70% of the adults and only 5% of the Central and Northern Europeans have lactose intolerance. 

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Market Insight : 

Lactase is the enzyme present in the human body, which converts lactose found in dairy products to digestible forms. Rising consumer awareness about eating healthy stuff and the availability of a wide range of lactase-based milk and milk products also positively influencing the market for lactase. 

According to the published article by Intermountain Healthcare in 2017, more than 65 percent of adults have lactase deficiency, a rare condition that worsens as individual ages. People with this deficiency, are not able to lactose present in the dairy products and often have symptoms of diarrhea, flatulence, and stomach bloating. 

In 2020, the European market for lactase accounted for over 40% of the global market. Growth in the region is attributed to the presence of well-developed food and dairy industry, presence of key players such as Chr. Hansen Holding and favorable outlook towards nutrition and rising incidence of people suffering from lactose intolerance, coupled with rising in disposable income towards lactase-based dietary supplements are responsible for the region’s market growth for lactase. 

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The prominent players operating in the market are :

Mitushi Biopharma, Ltd., DuPont, Antozyme Biotech, Advanced Enzyme Technologies, Novact Corp., Aumgene Biosciences, Biolaxi Corp., Infinita Biotech Pvt., Nature BioScience Pvt. Ltd., Creative Enzymes, Amano Enzyme Inc., Merck KgaA, and Novozymes. 

Polaris Market Research has segmented the lactase market report on the basis of source, form, application, and region: 

Lactase, Source Outlook (Revenue – USD Million, 2016 – 2028)

 

  • Fungi
  • Yeast
  • Bacteria

Lactase, Form Outlook (Revenue – USD Million, 2016 – 2028)

 

  • Powder
  • Liquid

 

Lactase, Application Outlook (Revenue – USD Million, 2016 – 2028)

 

  • Food & Beverage
  • Dietary Supplements
  • Pharmaceuticals

 

Lactase, by Regional Outlook (Revenue – USD Million, 2016 – 2028)

 

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • MEA (Saudi Arabia, UAE, Israel, South Africa)

 

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