Lactase Market Outlook and Opportunities in Grooming Regions with Forecast 2030

Lactase Market is predicted to reach USD 0.35 billion at a CAGR of 6.70 % during the forecast period:


Market Research Future (MRFR) has published a cooked research report on the “Lactase Market” that contains information from 2018 to 2030. The Lactase Market is estimated to register a CAGR of 6.70 % during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the global Lactase Market — Bayer AG (Germany), The Nature's Bounty Co. (US), Glanbia plc (Ireland), Herbalife Nutrition Ltd. (US), GlaxoSmithKline plc (UK), Abbott Laboratories (US), Amway Corp (US), Otsuka Holdings Co., Ltd (Japan), Nature's Way Products, LLC (US), and Living Essentials Marketing, LLC (US)


Market Highlights


The global Lactase Market is accounted to register a CAGR of 6.70 % during the forecast period and is estimated to reach USD 0.35 billion by 2030.


the lactase market refers to the industry related to the production and distribution of lactase enzymes. Lactase is an enzyme that breaks down lactose, a sugar found in milk and dairy products, into its component sugars, glucose and galactose. This enzyme is particularly important for individuals who are lactose intolerant, as they lack sufficient amounts of naturally occurring lactase in their digestive systems.


Segment Analysis


The global Lactase Market has been segmented based on source, and Distribution Channel.


The Lactase Market segmentation, based on source, includes. The Lactase source is divided into Yeast, Fungi, and Bacteria. The yeast segment held the majority share in 2022, contributing to the Lactase Market revenue. This is primarily owing to the rising prevalence of Lactase enzyme has a series of applications in the beverage and food industry, primarily in dairy products, since it brings down the lactose content and renders the products lactose-free.


Based on Application, the Lactase Market segmentation includes Milk, Yogurt, Ice Cream, Cheese, Dietary Supplements, and Others. The milk segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is because the increasing adoption of lactose-free milk over conventional milk mainly drives the demand for lactase.


Regional Analysis


The global Lactase Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The North America Lactase market accounted for USD 0.22 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the high prevalence of heart diseases, diabetes, obesity, etc. The increasing population and hectic lifestyle are also significant factors behind this region's market growth. Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Europe's Lactase market accounts for the second-largest market share due to the availability of due to the high prevalence of heart diseases, diabetes, obesity, and others. The increasing population and hectic lifestyle are also major factors behind this region's market growth. Further, the Germany Lactase market held the largest market share, and the UK Lactase market was the fastest-growing market in the European Region. 


The Asia-Pacific Lactase Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to increased rates due to the high prevalence of heart diseases, diabetes, obesity, etc. The increasing population and hectic lifestyle are also significant factors behind this region's market growth. Moreover, the China Lactase market held the largest market share, and the India Lactase market was the fastest-growing market in the Asia-Pacific region.


Key Findings of the Study



  • The global Lactase Market is expected to reach USD 0.35 billion by 2030, at a CAGR of 6.70 % during the forecast period.

  • The Asia-Pacific Lactase Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to increased rates due to the high prevalence of heart diseases, diabetes, obesity, etc. The increasing population and hectic lifestyle are also significant factors behind this region's market growth.

  • The Lactase Market segmentation, based on source, includes. The Lactase source is divided into Yeast, Fungi, and Bacteria. The yeast segment held the majority share in 2022, contributing to the Lactase Market revenue.

  • Bayer AG (Germany), The Nature's Bounty Co. (US), Glanbia plc (Ireland), Herbalife Nutrition Ltd. (US), GlaxoSmithKline plc (UK), Abbott Laboratories (US), Amway Corp (US), Otsuka Holdings Co., Ltd (Japan), Nature's Way Products, LLC (US), and Living Essentials Marketing, LLC (US).

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Pages 90
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