Global Lactase in Food and Beverage Application Market By Source (Fungi, Yeast, Bacteria), Form (Powder, Liquid), Application (Milk, Cheese, Yogurt, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Lactase in Food and Beverage Application Market
Lactase in food and beverage application market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.00% in the forecast period of 2021 to 2028. The increase in the rate of lactose intolerant cases among population across the globe is escalating the growth of lactase in food and beverage application market.
Lactase enzyme refers to an enzyme that breaks down the natural disaccharide in milk and other dairy products. Some people are unable to produce these enzymes in their small intestine which causes diarrhea, gas and bloating in their bodies if they consume any dairy products. Lactase is added to the product, thereby hydrolyzing the lactose naturally found in it and making it digestible for lactose intolerant people.
The rise in demand for lactose free dairy products due to the growing number of lactose intolerant population globally is one of the major factors driving the lactase in food and beverage application market. The growing consumption of high-quality foods providing natural taste or flavor and introduction of new products which are low-sugar, low-fat and rich in vitamins, proteins and fibers by dairy manufacturers also propels the market growth. The higher inclination towards lactase based products over plant-based alternatives due to varying taste preferences of consumers and the restriction in using them in culinary food preparations accelerate the market growth. The increase in demand for various lactase based delicacies such as ice-cream, cream spreads and others increase the product’s demand. Additionally, the growth in awareness regarding wellness and fitness across the globe positively affects the lactase in food and beverage application market. Furthermore, increase in research and development activities, high demand for the product from direct consumers and new sources of lactase extraction extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost for processing, lack of technical expertise for lactase extraction and inclination towards dairy free alternatives are factors expected to obstruct the market growth. The impact of COVID-19 on the supply chain of the product and concerns associated with the quality of enzymes used in the food and beverage industry are projected to challenge the lactase in food and beverage application market.
This lactase in food and beverage application market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on lactase in food and beverage application market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Lactase in Food and Beverage Application Market Scope and Market Size
Lactase in food and beverage application market is segmented on the basis of source, form and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the lactase in food and beverage application market is segmented into fungi, yeast and bacteria.
- On the basis of form, the lactase in food and beverage application market is segmented into powder and liquid.
- On the basis of application, the lactase in food and beverage application market is segmented into milk, cheese, yogurt and others.
Global Lactase in Food and Beverage Application Market Country Level Analysis
Lactase in food and beverage application market is analyzed and market size, volume information is provided by country, product, packaging type and distribution channel as referenced above.
The countries covered in the lactase in food and beverage application market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the lactase in food and beverage application market because of the presence of prominent manufacturers, rise in technological advancement and well-developed food and beverage processing industry. Asia Pacific is expected to witness highest CAGR in the forecast period of 2021-2028 because of the enhancement of food and beverage sector, rise in the significance of lactase enzyme and rapid urbanization in the region.
The country section of the lactase in food and beverage application market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lactase in Food and Beverage Application Market Share Analysis
Lactase in food and beverage application market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lactase in food and beverage application market.
The major players covered in the lactase in food and beverage application market report are Chr. Hansen Holding A/S, Kerry Inc., DSM, Novozymes, Merck KGaA, DuPont., Senson, Amano Enzyme Inc., Advanced Enzyme Technologies., ENMEX, Antozyme Biotech Pvt Ltd, Nature BioScience Pvt. L.T.D., Aumgene Biosciences., Creative Enzymes., Biolaxi Corporation., Novact Corporation, Enzyme Bioscience Private Limited., Infinita Biotech Private Limited., Rajvi Enterprise, Mitushi Biopharma, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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