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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

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global enzymes market
      • Table Segments of global enzymes market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • F&B - Market size and forecast 2018-2023
      • Table F&B - Market size and forecast 2018-2023 ($ millions)
      • Table F&B - Year-over-year growth 2019-2023 (%)
    • Dietary supplements - Market size and forecast 2018-2023
      • Table Dietary supplements - Market size and forecast 2018-2023 ($ millions)
      • Table Dietary supplements - Year-over-year growth 2019-2023 (%)
    • Pharmaceuticals - Market size and forecast 2018-2023
      • Table Pharmaceuticals - Market size and forecast 2018-2023 ($ millions)
      • Table Pharmaceuticals - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by source
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Rising awareness about lactose-free products
    • Extensive product development
    • Expansion strategies of vendors and establishment of new plants
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Chr. Hansen
      • Table Chr. Hansen – Vendor overview
      • Table Chr. Hansen – Business segments
      • Table Chr. Hansen – Organizational developments
      • Table Chr. Hansen – Geographic focus
      • Table Chr. Hansen – Segment focus
      • Table Chr. Hansen – Key offerings
    • Kerry
      • Table Kerry – Vendor overview
      • Table Kerry – Business segments
      • Table Kerry – Organizational developments
      • Table Kerry– Geographic focus
      • Table Kerry– Segment focus
      • Table Kerry – Key offerings
    • Koninklijke DSM
      • Table Koninklijke DSM – Vendor overview
      • Table Koninklijke DSM– Business segments
      • Table Koninklijke DSM– Organizational developments
      • Table Koninklijke DSM– Geographic focus
      • Table Koninklijke DSM– Segment focus
      • Table Koninklijke DSM– Key offerings
    • Merck KGaA
      • Table Merck KGaA – Vendor overview
      • Table Merck KGaA – Business segments
      • Table Merck KGaA – Organizational developments
      • Table Merck KGaA – Geographic focus
      • Table Merck KGaA – Segment focus
      • Table Merck KGaA – Key offerings
    • Novozymes
      • Table Novozymes – Vendor overview
      • Table Novozymes – Business divisions
      • Table Novozymes – Organizational developments
      • Table Novozymes– Geographic focus
      • Table Novozymes– Segment focus
      • Table Novozymes – Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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