Lactase Market Size Worth $276.4 Million By 2027 | CAGR: 5.1%: Grand View Research, Inc.

Lactase Market Size Worth $276.4 Million By 2027 | CAGR: 5.1%: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Oct. 6, 2020

SAN FRANCISCO, Oct. 6, 2020 /PRNewswire/ -- The global lactase market size is projected to reach USD 276.4 million by 2027 registering a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Increasing awareness among individuals regarding health and wellness has led to a rise in consumption of enzyme-based foods, such as milk powder, butter, infant milk formula, and sour cream; which not only adds useful nutrients to the diet but also improves digestion. The ability of the lactase enzymes to maintain freshness and increase the shelf-life of dairy products is projected to further augment the market growth.

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Key suggestions from the report:

Read 145 page research report with ToC on "Lactase Market Size, Share & Trends Analysis Report By Source (Yeast, Bacteria), By Application (Food & Beverages, Pharmaceuticals), By Form (Powder, Liquid), By Region (APAC, Europe), And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/lactase-market

Lactose-free milk is obtained by adding lactase enzyme to regular milk. Similar to regular milk, lactose-free dairy products are a good source of calcium, protein, phosphorus, riboflavin, and vitamin B12 & D. The demand for lactase in dairy applications is likely to witness a steady growth over the forecast period on account of the convenience of lactose-free milk to be swapped in for regular milk in various food preparations.

Lactase is predominantly consumed in the powdered form. The product is majorly used to convert low-solubility and light sweetness lactose to more soluble and sweeter monosaccharides in the food & beverage industry, especially in the dairy industry. This factor, together with the ability of the product to reduce the crystallization of lactose in concentrated milk, ice cream, and condensed milk, is projected to further drive the product demand.

According to the research by the National Institutes of Health (NIH), over 65% of the global human population is prone to lactose intolerance and over 5% of the population in the U.K., Belgium, Sweden, and the Netherlands suffer from lactose maldigestion. Thus, the product demand in Europe is projected to witness high growth over the forecast period.

Grand View Research has segmented the global lactase market on the basis of source, form, application, and region:

List of Key Players of Lactase Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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