Global Lactase Enzyme Market 2019-2023
About Lactase Enzyme
Lactase is an enzyme that digests sugar in milk to glucose and galactose, which are simple sugars.
Technavio’s analysts forecast the global lactase enzyme market to grow at a CAGR of 3.91% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global lactase enzyme market for 2019-2023. To calculate the market size, the report considers the revenue generated from the use of lactase enzyme in different applications
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Lactase Enzyme Market 2019-2023
Technavio recognizes the following companies as the key players in the global lactase enzyme market: Chr. Hansen, Kerry, Koninklijke DSM, Merck KGaA, Novozymes.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rising awareness about lactose- free products. The diary producers are encouraged to increase the use of lactase to boost the production of lactose- free products, will fuel the growth of the market.
According to the report, one of the major drivers for this market is the rising consumer focus on enzyme- based foods. Rising awareness about health and wellness among individuals has increased their focus on the consumption of enzyme- based foods as they add useful nutrients to the diet, therefore, improving digestion.
Further, the report states that one of the major factors hindering the growth of this market is the shifting preference toward diary- free alternative. Many diary alternatives have various advantages over dairy products such as having fewer calories, more nutrients, and rich flavors. Therefore, the diary alterative will act as a major challenge for the market growth.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook