Lactase Market to See Major Growth by 2025 | Key Players are Kerry Group, Koninklijke DSM N.V, Novozymes, Merck KGaA, DuPont, Creative Enzymes, Novact Corporation

Northbrook, USA, 2020-Jul-20 — /EPR Network/ —According to MarketsandMarkets “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″, the global lactase market size 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. The growing awareness among lactose intolerant population regarding self-diagnosis all across the globe offers potential growth for lactase enzyme, that helps in the production of lactose-free products.

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.

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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.

The North America region dominated the lactase market with the largest share in 2019, whereas Asia-Pacific is expected to witness the highest growth rate.

The lactase market in North America is dominant due to the growing demand for different types of lactose-free products such as drinkable yogurt, ice-cream, and flavored milk. Increasing awareness about lactose intolerance among consumers and growing inclination towards health promoting dietary supplements are the key factors that are projected to drive the growth of the market in the North American region.

The fastest growing market is Asia-Pacific for lactase. The increase in awareness and self-diagnosis among lactose intolerant population, also growing consumption of lactose-free products offers potential growth for the lactase manufactures in the region. The increase in health concerns and the growing trend of opting for reduced added sugar/no added sugar claims have created growth opportunities for lactase in the region. Major players such as Valio Ltd. (Finland), expanded its production facility in China to cater lactose-free products for lactose intolerant population.

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This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Chr. Hansen Holdings A/S (Denmark), Kerry Group (Ireland), Koninklijke DSM N.V (the Netherlands), Novozymes (Denmark), Merck KGaA (Germany), DuPont (US), Senson (Finland), Amano Enzyme (Japan), Advanced Enzyme Technologies (India), Enmex (Mexico), Antozyme Biotech Pvt. Ltd. (US), Nature Bioscience Pvt. Ltd. (India), Aumgene Biosciences (India), Creative Enzymes (US), Biolaxi Corporation (India), Novact Corporation (US), Enzyme Bioscience (India), Infinita Biotech Private Limited (India), Rajvi Enterprise (India), and Mitushi Biopharma (India).

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.