Europe 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 Europe Lactase Market would witness market growth of 6.3% CAGR during the forecast period (2022-2028).
In the food and beverage sector, the lactase enzyme is employed to hydrolyze lactose, which is present in milk as well as dairy products. In addition, the lactase enzyme can support the process of fermentation during production since it is derived from various sources with excellent activity and enzyme stability.
Furthermore, the demand for lactose-free goods is rising as the number of persons with lactose sensitivity significantly rises. These are among the most significant elements affecting the demand for lactase enzymes to produce lactose-free goods. Additionally, it is anticipated that key firms will step up their R&D efforts to offer economical and long-lasting solutions to the value chain's stakeholders.
Commercially manufactured lactase can be isolated from molds like Aspergillus oryzae and Aspergillus niger, as well as yeasts like Kluyveromyces fragilis and lactis. Its main commercial purpose is to break down lactose in milk to make it appropriate for those with lactose sensitivity in supplements & products like Lactaid and Lacteeze.
Nowadays, regarding lactose-free dairy products’ production in Europe, Germany is the market leader. Numerous businesses in the nation are introducing new goods and working on manufacturing inexpensive lactose-free dairy products to meet the demands of the nation's health-conscious people. Furthermore, due to greater public awareness of the unethical & synthetic substances used in non-organic food items, the nation has also seen a noticeable shift in customer demand for organic food and beverages. As a result, organic milk production is strictly regulated in the country, and authorization from the relevant authorities is required before it can be distributed lawfully. Several regional governments have established guidelines for the marketing of these products. Before releasing their goods for sale, producers must test them. All of this would result in the growth of the regional market.
The Germany market dominated the Europe Lactase Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $24,477.4 Thousands by 2028. The UK market is anticipated to grow at a CAGR of 5.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Lactase Market will Hit $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
- Rest of Europe
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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