Lactase Liquid Market Report Shows a Rapid Growth with Competitive...

Lactase Liquid Market Report Shows a Rapid Growth with Competitive Industry Scenario till 2032

Posted 2023-06-06 12:45:14

The global Lactase Liquid market has been on a steady rise, with a market size of USD 172.64 million in 2022, which is projected to reach USD 245.72 million by 2032. One of the major driving factors behind this growth is the rising demand for lactose-free and low-lactose dairy products due to lactose intolerance. According to research conducted by the National Institutes of Health (NIH), around 65% of the world’s population becomes less efficient at digesting lactose after childhood due to a lack of the enzyme Lactase Liquid. This has resulted in an increase in the need for Lactase Liquid enzyme supplements and dairy products that do not contain lactose, thus driving market revenue growth.

In addition to lactose intolerance, the shift towards healthier and more natural food options due to rising consumer health consciousness has also contributed to the growth of the Lactase Liquid market. Low-lactose and lactose-free dairy products, which are viewed as healthier alternatives to conventional dairy products, are produced using the Lactase Liquid enzyme. As a result, the dairy industry is using Lactase Liquid enzymes more frequently, leading to a rise in market revenue growth.

Furthermore, there is a growing demand for Lactase Liquid enzyme in the pharmaceutical sector, where it is used in the production of lactose-free medications and as a digestive aid for individuals who are lactose intolerant. With the development of novel and advanced Lactase Liquid enzyme formulations, the market is experiencing growth in terms of revenue.

Overall, the Lactase Liquid market is expected to register a revenue CAGR of 4% during the forecast period, owing to the rising demand for lactose-free and low-lactose dairy products, increasing consumer health consciousness, and growing use of Lactase Liquid enzymes in the pharmaceutical industry.

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Key Players covered in this report are

DuPont de Nemours, Inc., Kerry Group, Chr. Hansen Holding A/S, Koninklijke DSM N.V., Amano Enzyme Inc., Novozymes A/S, Advanced Enzyme Technologies Ltd., SternEnzym GmbH & Co. KG, Enzyme Development Corporation, and Biomedal S.L.

Some Key Highlights from the Report

The powder segment is predicted to generate the most revenue throughout the projection period. This might be linked to increased Lactase Liquid powder production as a result of increased demand for lactose-free items, notably in the food and beverage sector. Lactase Liquid powder is often used by food and beverage manufacturers due to its ease of handling and application. Lactase Liquid powder may simply be added to dairy products, baked goods, and drinks without affecting the flavor or texture of the finished product. Lactase Liquid powder can also be stored for an extended period of time without losing its quality or efficacy. These advantages have increased the usage of Lactase Liquid powder in the food and beverage industry, which is driving revenue growth in this sector.
The food and beverage segment is predicted to generate the most revenue throughout the projected period. Lactose intolerance affects a large proportion of the population, and Lactase Liquid is used in the production of lactose-free dairy products. Lactase Liquid is utilized to manufacture lactose-free dairy products such as milk, yoghurt, cheese, and ice cream, which is driving revenue growth in this market. Lactose, an important component of baby formula, is also created by Lactase Liquid.
Since lactose intolerance is so common in North America, this market is anticipated to provide the biggest revenue share throughout the projected period. According to the National Institutes of Health, lactose intolerance affects about 65% of people globally, with a higher prevalence in African, Asian, and Native American civilizations (NIH). Lactose intolerance affects more than 30 million People. Due to consumers’ increasing awareness of lactose-free goods, the regional Lactase Liquid market revenue growth is increasing. The need for Lactase Liquid is growing along with the acceptance of dairy substitutes such almond, soy, and oat milk. The increase in consumer flexitarianism and veganism is another factor influencing the need for Lactase Liquid products in the region.

Product Type Outlook (Revenue, USD Million; 2022 – 2032)

Liquid
Powder
Others

Application Outlook (Revenue, USD Million; 2022 – 2032)

Food & Beverages
Pharmaceuticals
Others

Key Regional Markets Covered in the Report:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Major Points covered in this report are as below:

The Lactase Liquid industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
The Lactase Liquid Market report provides key statistics on the market status of the Lactase Liquid manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

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