Lactase Enzyme Market by Application, Type, and Geography - Forecast and Analysis 2023-2027

Published: Dec 2022 Pages: 164 SKU: IRTNTR46630

Lactase Enzyme Market Forecast 2023-2027

The lactase enzyme market is estimated to decrease by USD 154.25 million, at a CAGR of 4.56% between 2022 and 2027. The growth of the market depends on several factors, including rising consumer focus on enzyme-based foods, growing collaborations that increase the availability of lactose-free products, and increased technological advances in enzyme production.

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Lactase Enzyme Market During the Forecast Period?

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Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rising consumer focus on these foods is notably driving market growth, although factors such as the varying prices of these may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The rising consumer focus on enzyme-based foods is notably driving the market growth. Consumers' focus on eating these food has increased as a result of growing health and wellness consciousness because these foods boost the diet with beneficial nutrients and facilitate better digestion. Sales of these products are being driven by increased consumer awareness of food safety, rising demand for health products, and expanding supply of lactose-intolerant product alternatives in the food and beverage industry. This breaks down the lactose sugar into glucose and galactose. Food enzyme producers have potential because of the increased demand for lactose-free dairy products such as yogurt, cheese, milk, and milk powders on a global scale. 90% of consumers in China are lactose intolerant. Thus, during the projection period, more lactose-free dairy products being available is anticipated to have a favorable impact on consumer demand.

Significant Market Trend

Rising awareness about lactose-free products is the major trend in the market. The need to raise awareness of lactose intolerance, which is sometimes mistaken for other illnesses, has led to an increase in the number of educational programs about the condition. To raise awareness that people with lactose intolerance do not have to completely shun dairy products, February is observed each year as Lactose Intolerance Awareness Month. Programs that raise awareness about lactose intolerance encourage consumers to use lactose-free goods to get the vital nutrients that milk, cheese, and yogurt give. Additionally, these awareness campaigns instruct lactose-intolerant people on the proper ways to consume dairy products. The demand of consumers for naturally occurring foods and beverages with enzyme bases will increase as lactose intolerance becomes more widely recognized as a medical condition.

Therefore, dairy producers are encouraged to increase the use of lactase to boost the production of lactose-free products, which will fuel the growth of the market during the forecast period.

Major Market Challenge

Varying prices of enzymes are the major challenge impeding market growth. The enzyme market is characterized by the existence of a sizable number of small companies that struggle to afford and utilize the technological improvements necessary to maintain the quality of their products. By patenting their products, large companies like Kerry Group plc, Koninklijke DSM NV, and Novozymes AS can secure discoveries and fund their R&D. Smaller sellers, however, must pay for this procedure. As a result, the price of this is rising for the dairy sector, which raises the cost of goods that don't contain lactose. In regions with substantial discretionary income, this element has little impact on the market. However, it has an impact on the purchasing behavior of lactose-free goods in price-sensitive emerging countries with low disposable incomes, which are turning into the most important markets.

Therefore, primary consumers in developing regions often refrain from using enzymes or primarily use medium-to low-quality products. Thus, fluctuations in the prices of enzymes may hamper the growth of the market during the forecast period.

Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Lactase Enzyme Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Oenon Holdings Inc. - The company offers products to enhance taste, extend shelf life and improve the texture, appearance, and nutritional profile of products. The company is involved in producing rice wine, liquor, and seasoning and mainly produces sake and shochu.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Advanced Enzyme Technologies Ltd.
  • Amano Enzyme Inc.
  • Antozyme Biotech Pvt. Ltd.
  • Aumgene Biosciences
  • Berg Schmidt GmbH & Co. KG
  • Biolaxi Corp.
  • Calza Clemente s.r.l.
  • Chr Hansen Holding AS
  • Creative Enzymes
  • DuPont de Nemours Inc.
  • Enzyme Bioscience Pvt. Ltd.
  • Infinita Biotech Pvt. Ltd.
  • Koninklijke DSM NV
  • Merck KGaA
  • MITUSHI BIO PHARMA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Market?

The market share growth of the food and beverage segment will be significant during the forecast period due to the several benefits provided by lactase to dairy products. Lactase is commercially used to prepare lactose-free products, especially lactose-free milk. Lactose-free milk differs from regular milk in terms of taste, ease of digestion, and shelf life. These benefits of lactose-free milk encourage end-users to produce a variety of dairy products from lactose-free milk.

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The food and beverage segment was valued at USD 230.52 million in 2017 and continued to grow until 2021. Lactase increases the probiotic content in milk, adds natural sweetness, and improves the creaminess of products. Thus, lactase is used to manufacture yogurt, fresh cream, cheese, and ice creams. This trend will continue to drive the demand in the food and beverage industry as key companies are launching lactose-free dairy products to gain a competitive advantage and easily capture the attention of consumers.

Which are the Key Regions for the Market?

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APAC is estimated to contribute 32% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to companies is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market in North America constitutes the largest market share due to the increased consumption of dairy, the wide prevalence of lactose intolerance, and the well-developed food and beverage industry in North America. More than 60% of the North American population is lactose intolerant. These factors, changing lifestyles, and increasing disposable income support the demand in this region. The US has the highest share in the market.

The manufacturing companies in the region grappled with the impact of the COVID-19 pandemic as both their manufacturing and supply chain operations were disrupted. However, factors such as changing consumer behavior in purchasing healthy products, shifting lifestyles, and increased awareness of these products are expected to drive the growth of the regional market during the forecast period.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Food and beverage
    • Dietary supplements
    • Pharmaceuticals
  • Type Outlook (USD Million, 2017 - 2027)
    • Dry
    • Liquid
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The Market offers lactase supplements in pill form, catering to individuals with lactose intolerance. These supplements help alleviate symptoms such as bloating, gas buildup, and discomfort associated with consuming dairy products.

Lactase supplements are especially beneficial for individuals with conditions like osteoporosis and irritable bowel syndrome, who may experience worsened symptoms due to dairy consumption. In the healthcare industry, companies like Mitushi BioPharma play a crucial role in producing these supplements from plants, catering to the growing demand in the healthcare sector. For those with food allergies or who cannot tolerate dairy, products like Lactaid provide a viable alternative to traditional dairy products, improving overall digestive health and quality of life.

Lactase Enzyme Market Scope

Report Coverage

Details

Page number

164

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Decelerate at a CAGR of 4.56%

Market growth 2023-2027

USD 154.25 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.0

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 32%

Key countries

US, China, India, Germany, and UK

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., Antozyme Biotech Pvt. Ltd., Aumgene Biosciences, Berg Schmidt GmbH & Co. KG, Biolaxi Corp., Calza Clemente s.r.l., Chr Hansen Holding AS, Creative Enzymes, DuPont de Nemours Inc., Enzyme Bioscience Pvt. Ltd., Infinita Biotech Pvt. Ltd., Koninklijke DSM NV, Merck KGaA, MITUSHI BIO PHARMA, Novact Corp., Novozymes AS, Oenon Holdings Inc., RAJVI ENTERPRISE, and Kerry Group Plc

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global lactase enzyme market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global lactase enzyme market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Food and beverage - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Food and beverage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)
    • 6.4 Dietary supplements - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Dietary supplements - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Dietary supplements - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Dietary supplements - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Dietary supplements - Year-over-year growth 2022-2027 (%)
    • 6.5 Pharmaceuticals - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 47: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 49: Chart on Comparison by Type
      • Exhibit 50: Data Table on Comparison by Type
    • 7.3 Dry - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Dry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Dry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Dry - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Dry - Year-over-year growth 2022-2027 (%)
    • 7.4 Liquid - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Liquid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Liquid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Liquid - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Liquid - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 59: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Advanced Enzyme Technologies Ltd.
              • Exhibit 112: Advanced Enzyme Technologies Ltd. - Overview
              • Exhibit 113: Advanced Enzyme Technologies Ltd. - Product / Service
              • Exhibit 114: Advanced Enzyme Technologies Ltd. - Key offerings
            • 12.4 Amano Enzyme Inc.
              • Exhibit 115: Amano Enzyme Inc. - Overview
              • Exhibit 116: Amano Enzyme Inc. - Product / Service
              • Exhibit 117: Amano Enzyme Inc. - Key offerings
            • 12.5 Antozyme Biotech Pvt. Ltd.
              • Exhibit 118: Antozyme Biotech Pvt. Ltd. - Overview
              • Exhibit 119: Antozyme Biotech Pvt. Ltd. - Product / Service
              • Exhibit 120: Antozyme Biotech Pvt. Ltd. - Key offerings
            • 12.6 Aumgene Biosciences
              • Exhibit 121: Aumgene Biosciences - Overview
              • Exhibit 122: Aumgene Biosciences - Product / Service
              • Exhibit 123: Aumgene Biosciences - Key offerings
            • 12.7 Biolaxi Corp.
              • Exhibit 124: Biolaxi Corp. - Overview
              • Exhibit 125: Biolaxi Corp. - Product / Service
              • Exhibit 126: Biolaxi Corp. - Key offerings
            • 12.8 Calza Clemente s.r.l.
              • Exhibit 127: Calza Clemente s.r.l. - Overview
              • Exhibit 128: Calza Clemente s.r.l. - Product / Service
              • Exhibit 129: Calza Clemente s.r.l. - Key offerings
            • 12.9 Chr Hansen Holding AS
              • Exhibit 130: Chr Hansen Holding AS - Overview
              • Exhibit 131: Chr Hansen Holding AS - Business segments
              • Exhibit 132: Chr Hansen Holding AS - Key news
              • Exhibit 133: Chr Hansen Holding AS - Key offerings
              • Exhibit 134: Chr Hansen Holding AS - Segment focus
            • 12.10 Creative Enzymes
              • Exhibit 135: Creative Enzymes - Overview
              • Exhibit 136: Creative Enzymes - Product / Service
              • Exhibit 137: Creative Enzymes - Key offerings
            • 12.11 DuPont de Nemours Inc.
              • Exhibit 138: DuPont de Nemours Inc. - Overview
              • Exhibit 139: DuPont de Nemours Inc. - Business segments
              • Exhibit 140: DuPont de Nemours Inc. - Key news
              • Exhibit 141: DuPont de Nemours Inc. - Key offerings
              • Exhibit 142: DuPont de Nemours Inc. - Segment focus
            • 12.12 Infinita Biotech Pvt. Ltd.
              • Exhibit 143: Infinita Biotech Pvt. Ltd. - Overview
              • Exhibit 144: Infinita Biotech Pvt. Ltd. - Product / Service
              • Exhibit 145: Infinita Biotech Pvt. Ltd. - Key offerings
            • 12.13 Kerry Group Plc
              • Exhibit 146: Kerry Group Plc - Overview
              • Exhibit 147: Kerry Group Plc - Business segments
              • Exhibit 148: Kerry Group Plc - Key offerings
              • Exhibit 149: Kerry Group Plc - Segment focus
            • 12.14 Koninklijke DSM NV
              • Exhibit 150: Koninklijke DSM NV - Overview
              • Exhibit 151: Koninklijke DSM NV - Business segments
              • Exhibit 152: Koninklijke DSM NV - Key news
              • Exhibit 153: Koninklijke DSM NV - Key offerings
              • Exhibit 154: Koninklijke DSM NV - Segment focus
            • 12.15 Merck KGaA
              • Exhibit 155: Merck KGaA - Overview
              • Exhibit 156: Merck KGaA - Business segments
              • Exhibit 157: Merck KGaA - Key news
              • Exhibit 158: Merck KGaA - Key offerings
              • Exhibit 159: Merck KGaA - Segment focus
            • 12.16 Novozymes AS
              • Exhibit 160: Novozymes AS - Overview
              • Exhibit 161: Novozymes AS - Business segments
              • Exhibit 162: Novozymes AS - Key news
              • Exhibit 163: Novozymes AS - Key offerings
              • Exhibit 164: Novozymes AS - Segment focus
            • 12.17 Oenon Holdings Inc.
              • Exhibit 165: Oenon Holdings Inc. - Overview
              • Exhibit 166: Oenon Holdings Inc. - Product / Service
              • Exhibit 167: Oenon Holdings Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 168: Inclusions checklist
                • Exhibit 169: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 170: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 171: Research methodology
                • Exhibit 172: Validation techniques employed for market sizing
                • Exhibit 173: Information sources
              • 13.5 List of abbreviations
                • Exhibit 174: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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