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Lactase market is growing at a CAGR of 4.5% between 2018 and 2025 - QY Research
The global Lactase market was 830 million US$ in 2017 and is expected to 1180 million US$ by the end of 2025, growing at a CAGR of 4.5% between 2018 and 2025.

BriefingWire.com, 7/13/2018 - Lactase (ß-Galactosidase) is an enzyme capable of hydrolyzing lactose into glucose and galactose. Lactase is commonly used to catalyze the hydrolysis of lactose in the food industry for making lactose reduced/free products e.g. milk, yogurt, cream and ice cream.

With 70% of the world’s population unable to tolerate lactose, it's hardly surprising that the trend towards healthier food has brought a growing demand for lactose-free dairy products.

The technical barriers of lactase are relatively not high, resulting in numerous manufacturing enterprises. In the market, there are some relatively large enterprises, such as DSM, Novozymes, DuPont, Chr. Hansen Holding, Amano Enzyme, Enzyme Development, SternEnzym, and Specialty Enzymes & Biotechnologies. These companies mainly concentrate in Europe. Europe is the largest producer, more than 60% of total production in 2016. However, China enterprises have rather small production because of technology and equipment, especially in neutral lactase market. Every year, China import amount of neutral lactase to meet the needs of local dairy products companies.

In the past few years, the price of lactase has decreased and we expect the price will slightly lower. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of lactase.

As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in lactase industry will become more intense.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Lactase in these regions, from 2013 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

By the product type, the market is primarily split into

Neutral Lactase

Acid Lactase

By the end users/application, this report covers the following segments

Food Industry

Pharmaceutical Industry

Other

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