Pune, India, January 22, 2019 -- /360iResearch/ -- The report "Global Lactase Enzyme Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 261.68 million in 2017 and is projected to reach USD 416.68 million by 2024, growing at a CAGR of 6.87% from 2017 to 2024.
The major forces driving the growth of the lactase enzyme market include the increasing the consumption of dairy products and increasing attractiveness of lactose-free dairy concepts. Moreover, growing demand for low-lactose and lactose-free dairy products and increasing use as dietary supplements typically to treat lactose intolerance. are also some of the factors that are driving the market growth. However certain factors such as the restricted operational conditions may hinder the market growth. In the middle of difficulty lies opportunity such as the predominant applications in dairy by-products, abolition of milk quota in the eu, and market traction from infant nutrition segment. The possible challenges for the market growth is safety and regulatory aspects of enzyme use. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on form, the global lactase enzyme market is studied across Dry, and Liquid. Based on source, the global lactase enzyme market is studied across Fungal Lactase, and Neutral Lactase. Based on application, the global lactase enzyme market is studied across Cheese, Ice Cream & Desserts, Infant Formula, Milk, Whey, and Yogurt. Based on end user, the global lactase enzyme market is studied across Dietary Supplements, Food & Beverage, and Pharmaceutical & Biotechnology Companies. Based on geography, the global lactase enzyme market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the lactase enzyme market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are AST Enzymes, Advanced EnzyTech Solutions Ltd.,, Advanced Enzyme Technologies., Amano Enzyme, Inc., Avanscure Lifesciences Pvt. Ltd.,, Chr. Hansen Holding A/S, DSM, Dumoco Co. Ltd., Kerry Inc., Koninklijke DSM N.V., McNeil Nutritionals, LLC, Merck KGaA, Mitushi Biopharma, Nisarg Life Sciences India Pvt. Ltd., Novozymes, OENON Holdings, Inc., Parchem fine & specialty chemicals, Specialty Enzymes & Biotechnologies, and Walter Bushnell.