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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.
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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
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:
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.
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.
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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.
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.
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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