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Lactase Market Trends

Report ID: GMI7934
Published Date: Jan 2024
Report Format: PDF

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Lactase Market Trends

In the lactase industry, several noteworthy trends are shaping the industry landscape. A prominent trend involves the continuous surge in demand for lactose-free and dairy-free products, driven by evolving consumer preferences towards healthier and more inclusive dietary choices. This trend aligns with the growing awareness of lactose intolerance and the desire for easily digestible alternatives.

Additionally, there is a discernible shift towards enhanced product innovation and formulation, with manufacturers increasingly incorporating lactase enzymes into a diverse range of food and beverage applications beyond traditional dairy, including plant-based alternatives. The lactase market is also witnessing a rise in strategic collaborations and partnerships among key industry players to leverage expertise, broaden market reach, and capitalize on emerging opportunities. As technological advancements persist, the integration of advanced enzyme technologies further propels the efficacy and applicability of lactase in various product formulations, fostering continued growth and adaptation to evolving consumer demands.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of lactase reached USD 1.23 billion in revenue in 2023 and is set to be worth USD 2.13 billion by 2032, attributed to the growing prevalence of lactose intolerance worldwide coupled with rising consumer awareness of digestive health.

Animal-derived lactase segment generated USD 86.5 million in 2023, owing to the growing consumer demand for alternatives to traditional dairy due to lactose intolerance, digestive concerns, or dietary preferences.

U.S. market was valued at USD 64.6 million in revenue in 2023, driven by the robust dairy sector, heightened consumer awareness about lactose intolerance, and the booming demand for lactose-free products.

Some of the top lactase firms are BASF SE, Amano Enzyme Inc., Armor Pharma, Alpavit Käserei Champignon Hofmeister GmbH & Co. KG, Merck & Co., KgAa, Chr. Hansen Holding A/S, DSM Nutritional Products, Kerry Group Plc, Lactose India Limited, Meggle Excipients & Technology, Novozymes A/S, and Valio Ltd.