The global lactase market, with a valuation of USD 214.2 million in 2021, is set for robust growth with an anticipated Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period. Key drivers such as increasing demand for lactose-free dairy products and ongoing product development and innovations are expected to propel market expansion. Lactase, a key enzyme used predominantly in the food and beverage sector, contributes to making dairy products lactose-free by reducing or eliminating lactose content. Rising cases of lactose intolerance globally are fueling the demand for lactase, particularly in light of growing health concerns.
Market Dynamics: Factors Driving Growth
The lactase markets growth is primarily driven by the increasing demand for lactose-free dairy products, driven by a rise in lactose-intolerant cases globally. The prevalence of lactose intolerance, causing digestive issues among consumers, is shifting preferences towards lactose-free dairy options. As a result, lactase is extensively utilized to produce dairy products that are suitable for lactose-intolerant individuals. Additionally, research and development efforts are exploring alternative sources of lactase enzymes, including bacteria and fungi, to enhance production efficiency and stability.
COVID-19 Impact: Changing Consumer Behavior
The COVID-19 pandemic has prompted changes in consumer behavior, with a shift towards online retail platforms for lactase products. This change in distribution channels, coupled with increased consumer interest in immunity-boosting dairy products, is expected to make the post-COVID lactase market profitable. Dairy associations are formulating guidelines to promote the consumption of lactose-free milk for lactose-intolerant individuals to boost immunity.
Market Drivers: Rising Lactose-Intolerant Cases and Innovations
The surge in lactose-intolerant cases, coupled with a growing awareness of digestive issues, is a significant driver for the lactase market. Consumers diagnosed with lactose intolerance are seeking lactose-free dairy products to avoid gastrointestinal problems. The development of innovative solutions is also driving market growth. Manufacturers are introducing new enzymes and delivery forms to address lactose digestion problems and enhance the lactose-free dairy experience.
Market Restraints: Shift to Dairy-Free Alternatives
The rising demand for dairy-free alternatives, driven by health concerns and dietary preferences, is affecting the growth of lactose-free dairy products. Plant-based dairy products are gaining popularity due to their absence of lactose and cholesterol, catering to a wider consumer base seeking healthier alternatives.
Segment Overview: Food & Beverage Dominance and Dry Lactase Usage
The food and beverage segment is set to dominate the lactase market due to the increasing demand for lactose-free products. Dry lactase, sourced from non-toxic biological enzymes, is expected to hold a significant share in the market, driven by its application in various food and dietary supplement applications.
Regional Landscape: North America Leads with Health Awareness
North America is at the forefront of the global lactase market, driven by growing health awareness and the demand for lactose-free dairy solutions. Asia Pacific is also expected to witness rapid growth due to a rising lactose-intolerant population and advancements in the food and beverage industry.
Conclusion
The global lactase market is poised for substantial growth, driven by factors such as lactose intolerance, health consciousness, and ongoing product innovations. Despite challenges posed by dairy-free alternatives, the lactase market is expected to expand steadily, catering to the evolving preferences of health-conscious consumers.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/lactase-market
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COMTEX_438808597/2840/2023-08-21T09:31:53
