The lactase market is projected to increase from $210.2 million in 2021 to $351.4 million in 2032 at a 4.8% CAGR. The lactose included in dairy products is broken down with the help of lactase enzymes; lactose intolerance is addressed by supplements and additions.
Future Market Insights estimated that the lactase market will expand at a compound annual growth rate (CAGR) of 4.8% over the estimated period. It is anticipated that the industry will grow from US$ 219.9 million in 2022 to US$ 351.4 million in 2032. By the end of 2021, the market for lactase was valued US$ 210.2 million.
In the stomachs of humans and other mammals, lactose is broken down into glucose and galactose by the enzyme lactase. Dairy products contain lactose, which can be more easily digested thanks to lactase. Lactase-containing supplements or the addition of lactase to dairy products to help break down lactose before intake are used to treat this disease.
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Lactase Market- Market Dynamics:
According to few studies, there are 10-20% people are lactose intolerant in US alone. Some ethnicities harbor this problem in higher percentages. Lactose supplements are prescribed for said individuals, or lactose is added to the dairy product to break down lactose before consumption. Due to these disorders, there is avoidance of the intake of dairy products. In the long term, the avoidance of said products can lead to problems like osteoporosis.
Lactase supplements are also prescribed for other problems of indigestion as well like Irritable bowel syndrome, bloating, gasses etc. With the exponential rise I h e healthcare market, we can expect to see a significant rise in CAGR for lactase market throughout the forecasted period of 2016-2026. Lactase is widely used in the dairy production. The properties of lactase help reduce the lactose content in the products while sweetening the product and reduced viscosity.
Lactase Market- Regional Outlook:
In terms of geography, the lactase Industry has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The lactase Industry is expected to exhibit an above average CAGR during the forecast period. Asia Pacific region is expected to witness a high demand for lactase over the forecasted period. Highest growth is expected to be seen specifically from India and China. Significant growth will also be witness in Middle East and Africa, Eastern Europe and Latin America.
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Lactase Market- Major Players:
Some of the key players in the lactase Industry are Parchem fine & specialty chemicals, McNeil Nutritionals, LLC, Nutriteck, Shandong Tianjiu Bio-Tech Co., Ltd., Mitushi Biopharma, Amano Enzyme, Inc., OENON Holdings, Inc., Dumoco, Nisarg Life Sciences India Pvt. Ltd., Avanscure Lifesciences Pvt. Ltd.,
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Regional analysis includes
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Lactase Market- Market Segmentation:
Based on the Source, the Lactasemarket is segmented into:
- Animal
- Fungus
- plants
Based on end use, the Lactasemarket is segmented into:
- Food and Beverages
- healthcare
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- Recent industry trends and developments
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- Potential and niche segments, geographical regions exhibiting promising growth
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