Global Lactase Enzyme Market 2019-2023

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:

• Americas
• APAC
• EMEA

Technavio's report, Global Lactase Enzyme Market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendor

s
• Chr. Hansen
• Kerry
• Koninklijke DSM
• Merck KGaA
• Novozymes

Market driver

• Growing collaborations increase the availability of lactose- free products
• For a full, detailed list, view our report

Market challenge

• Stringent regulations
• For a full, detailed list, view our report

Market trend

• Extensive product development
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2023 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

PRESS RELEASE

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.

Companies Mentioned

Chr. Hansen

Kerry

Koninklijke DSM

Merck KGaA

Novozymes