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I AgreeAnalysis of Lactase Enzyme Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global lactase enzyme market is estimated to exhibit expansion at 4% CAGR from 2023 to 2033. Worldwide sales of lactase enzymes are projected to increase from a market valuation of US$ 742 million in 2023 and reach US$ 1.1 billion by the end of 2033.
The incidence of lactose intolerance has increased exponentially in recent years and this is anticipated to be the primary factor augmenting lactase enzyme consumption over the coming years. The aforementioned factor has also resulted in the high demand for lactose enzyme supplements in the form of lactase capsules, lactase tablets, and lactose intolerance pills.
Changing consumer food preferences, increasing consumer awareness for nutrition, rising geriatric population, high demand for easy-digestible foods, and increasing demand for lactose-free products are other factors that are forecasted to augment lactase enzyme demand over the decade. Rising number of people opting for vegan, plant-based, and cruelty-free products is expected to create highly lucrative new opportunities for established as well as new companies in the global marketplace over the next ten years.
Consumption of lactase enzymes in the Asia Pacific region is anticipated to witness a bright outlook throughout the forecast period and this can be ascribed to the growing availability of lactose-free products, increasing awareness of lactose intolerance, rising focus on health, and growing aging population. China, India, and Japan are forecasted to be the prime markets in this region through 2033.
Nearly 85% of the population in China is estimated to be lactose intolerant and this makes it a highly opportune market for lactase enzyme suppliers and vendors. High demand for lactose-free products is projected to boost lactase enzyme sales at 4.4% CAGR from 2023 to 2033 in China. Europe and North America are also expected to provide highly attractive growth opportunities in the future owing to the rising demand for vegan and plant-based food products,
Demand for lactase enzymes in the food and beverages industry accounted for 46% of the global market share in 2022 and is estimated to maintain a dominant stance across the forecast period till 2033. Increasing focus on food and beverage manufacturers to provide plant-based and vegan food alternatives is expected to be a significant trend influencing the market development in the future.
Fungal lactase enzymes are projected to witness massive demand over the next ten years owing to their proven efficacy in reducing bloating, flatulence, and other digestive issues. Sales of fungal lactase enzymes accounted for a major 78% share of the global market in 2022.
A detailed segmental and regional analysis has been discussed in this revised lactase enzyme industry survey by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Report Attributes |
Details |
Lactase Enzyme Market Size (2023) |
US$ 742 Million |
Projected Market Value (2033F) |
US$ 1.1 Billion |
Global Market Growth Rate (2023-2033) |
4% CAGR |
Food and Beverages Segment Market Share (2022) |
~45% |
Canada Market Growth Rate (2023-2033) |
4.8% CAGR |
Fungal Lactase Enzymes Segment Market Share (2022) |
78% |
Liquid Lactase Enzymes Segment Market Growth Rate (2023-2033) |
3.8% CAGR |
Key Companies Profiled |
|
“Lactase Enzyme Manufacturing Start-ups Should Focus on Product Innovation”
New entrants in the market are expected to explore the application scope of lactase enzymes by using them in different products and creating products that are uncommon in the global landscape.
Incoming market players are expected to target the increasing demand for lactose-free products from the vegan population to create a space for themselves in the marketplace. New companies could also benefit from rising awareness of lactose intolerance and supportive government initiatives to promote better eating.
“Rising Awareness about Lactose Intolerance to Open Up New Avenues”
The United States has been witnessing a notable increase in the incidence of lactose intolerance and this is predicted to be a prominent factor influencing lactase enzyme demand in the country. Changing dietary preferences, a growing vegan population, high demand for plant-based products, and rising obesity among people are other aspects that are anticipated to shape lactase enzyme consumption in the country going forward.
Lactase pills and lactase enzyme supplements are prominent products that are slated to witness a hike in sales potential over the coming years. In 2022, sales of lactase enzymes in the U.S. accounted for a whopping 89% share of the North American market and are projected to rise at a 3.5% CAGR over the next ten years.
“Growing Senescent Population to Promulgate Lactase Enzyme Demand”
The aging population in Japan is anticipated to continue growing at a notable pace over the coming years as well and this is a key factor that is expected to shape the demand outlook for lactase enzymes in the country through 2033. Around 30% of the Japanese population is estimated to be above the age of 65 and they tend to veer toward the consumption of healthy and easy-to-digest foods, which in turn is slated to drive demand for lactase enzyme supplements.
Other factors such as the adoption of sustainable lifestyles, growing consumption of organic foods, and increasing availability of lactose-free products are anticipated to guide lactase enzyme sales in the country over the next ten years. The market in Japan is estimated to progress at around 6% CAGR through 2033 and currently accounts for nearly 5.5% share in the Asia Pacific region.
“Leaps in Innovation of Lactase Enzyme Production”
Increasing investments in research and development to expand the application scope of lactase enzymes is a prime factor that is creating lucrative business scope for lactase enzyme suppliers in Germany. Lactase enzyme manufacturers in the country are developing new products that have minimal side effects on the health of an individual and have a better nutritional profile than the currently available lactase enzyme supplements.
Rising lactose intolerance among the population, increasing senescent population, the growing availability of lactose-free products, changing dietary preferences, and rising adoption of vegan and plant-based diets are other factors that are expected to influence demand for lactase enzymes in Germany throughout the forecast period.
In 2022, Germany accounted for nearly 16% of all lactase enzyme sales in the European region, and the market is slated to exhibit evolution at 2.3% CAGR from 2023 to 2033.
“Liquid Lactase Enzymes to Witness Higher Demand”
Based on form, the market for lactase enzyme is segmented into dry and liquid. Rising awareness about the benefits of liquid lactase enzyme consumption is anticipated to be a prime factor driving demand outlook over the coming years. Sales of liquid lactase enzymes are forecasted to increase at 3.8% CAGR throughout the forecast period.
Liquid lactase enzymes can be used for adults as well as kids and this makes it a favorite choice among lactose-free product manufacturers. Growing demand for different types of plant-based and vegan products is also anticipated to favor lactase enzyme shipments through 2033.
Lactase enzyme companies are investing in the expansion of their research and development scope to increase the scope of application as many manufacturers are incorporating lactase enzymes in their product portfolio.
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The global lactase enzyme market accounts for a valuation of US$ 742 million.
Worldwide consumption of lactase enzymes increased at 2.7% CAGR from 2018 to 2022.
Lactase enzyme demand is projected to evolve at 4% CAGR and account for US$ 1.1 billion by 2033-end.
Asia Pacific, North America, and Europe are slated to be prominent markets in the global landscape.
DSM Chemicals, Chr. Hansen Holding A/S, Biolaxi Corp., and Novact Corp. are major lactase enzyme manufacturing companies.