Asia Pacific Lactase Market Size, Share & Industry Trends Analysis Report By Application (Food & Beverages and Pharmaceutical Products & Dietary Supplements), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Lactase Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
Protein, choline, and important vitamins and minerals like calcium, riboflavin, phosphorus, vitamin B12, and vitamin A naturally occur in dairy products. Eating lactose-free dairy products means those with lactose sensitivity can enjoy all the nutritious advantages of dairy without the unpleasant digestive symptoms.
Most lactose free dairy products contain the lactase enzyme, which transforms lactose sugar into the easily digestible sugars like glucose and galactose. Lactose-free and normal dairy have the same amounts of calories, protein, carbs, and fat, as there is no difference in nutrition between the two. Additionally, it is well known that dairy provides the body essential minerals that are necessary for healthy bones.
The market is anticipated to rise due to factors including rising product innovation and development in different application sectors as well as rising demand for lactose-free dairy products. Because it renders dairy products lactose-free by lowering and/or eradicating the lactose content, lactase is primarily used in the food and beverage industry. In addition, one of the main causes driving up product demand is the rising incidence of lactose intolerance.
This region accounts for an estimated 414 million Asians aged 65 and over. It's anticipated that by 2060, there will be over 1.2 billion Asians who are 65 years of age or older, meaning that one in ten persons worldwide will be an older Asian. The elderly population's proportion is significantly high in Japan, New Zealand, and Australia. Due to their emphasis on health, easy-to-consumer foods are preferred by this group in Japan. In addition, they favor goods and services that are sustainable. Consequently, the nation's demand for lactose-free dairy products has increased significantly. In addition, the region's dairy product makers were forced to include lactase in their line of products due to the need for such easily digested dairy products, which increased the market for lactase. All these elements are propelling the growth of the lactase market.
The China market dominated the Asia Pacific Lactase Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $29,838.1 Thousands by 2028. The Japan market is experiencing a CAGR of 6.4% during (2022 - 2028). Additionally, The India market would display a CAGR of 7.7% during (2022 - 2028).
Based on Application, the market is segmented into Food & Beverages and Pharmaceutical Products & Dietary Supplements. Based on Food & Beverages Type, the market is segmented into Milk, Yogurt, Cheese, Ice cream and Others. Based on Source, the market is segmented into Yeast, Fungi and Bacteria. Based on Form, the market is segmented into Liquid and Dry. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Lactase Market is Projected to reach USD 355.2 Million by 2028, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kerry Group PLC, Koninklijke DSM N.V., DuPont de Nemours, Inc., Novozymes A/S (Novo Holdings A/S), Chr. Hansen Holding A/S, Advanced Enzyme Technologies Limited, Oenon Holdings, Inc., Mitushi Biopharma, Natural Factors, and Amano Enzyme, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Food & Beverages
- Ice cream
- Pharmaceutical Products & Dietary Supplements
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Kerry Group PLC
- Koninklijke DSM N.V.
- DuPont de Nemours, Inc.
- Novozymes A/S (Novo Holdings A/S)
- Chr. Hansen Holding A/S
- Advanced Enzyme Technologies Limited
- Oenon Holdings, Inc.
- Mitushi Biopharma
- Natural Factors
- Amano Enzyme, Inc.
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