The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global lactase enzyme market. In addition, complete analysis of changes on the global lactase enzyme market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. During COVID-19 pandemic, global lactase enzyme market was more or less affected due to supply chain distribution, declining demand for lactase enzyme from various application like food & beverages, animal nutrition, pharmaceutical which has certainly affected the market growth to major extend. However, post COVID-19 the market has witnessed the rising new growth opportunities and is expected to have emerging demand in upcoming years.
Lactase enzyme find its key applications in the food & beverage industry, majorly for dairy products, as it reduces the lactose content and makes the products lactose-free. The rise in lactose intolerant population globally is one of the major factors driving the growth of lactase market, which is used in the production of lactose-free dairy products.
The demand for lactose-free dairy food products is driven by the increase in incidences of food allergies and intolerances. According to the National Center for Biotechnology Information (NCBI), nearly 65% of the global population is prone to lactase deficiency. Thus, this has led to an increase in the production of lactose-free dairy products, which helps the lactose-intolerant population to avoid gastrointestinal problems. People with lactose intolerance are unable to digest lactose present in the milk due to the lack of an enzyme called lactase, which naturally occurs in the intestinal tract of children and adults. It causes bloating and diarrhoea after consuming any dairy product, especially milk. Lactase converts the milk sugar found in dairy products, such as milk, ice cream, and cheese, to readily digestible sugars, such as glucose and galactose. Without adequate lactase, the lactose in food ferments in the intestine produces undesirable side effects. In addition, the increase in health awareness and wellness concerns among consumers is a key factor that is projected to drive the growth and demand for lactose-free dairy products.
Lactase is usually extracted from yeast. However, an extensive research & development is going on regarding the other sources of lactase enzymes, such as bacteria and fungi. Lactase enzymes extracted from bacterial sources have been used for lactose hydrolysis because of numerous benefits, such as their ease of fermentation, high activity, and the stability of the enzyme. Lactase enzymes sourced from a probiotic organism are used for food and food systems. Fungal sources of lactase enzymes possess optimal acidic pH range of 2.2 to 5.4. Owing to this, lactase sourced from fungi are more effective for the hydrolysis of lactose found in acidic substances, such as whey. These fungi-based enzymes are highly stable enzymes. The increasing research & developments about various sources of lactase enzymes gives opportunity to the lactase enzyme market to grow in the period forecasted.
One of the major functional requirements by consumers, in recent times, have been the need for dairy alternatives for removing the problems of cow milk allergy, calorie concerns, lactose intolerance, and prevalence of hypercholesterolemia. The consumption of plant-based dairy products has been increased owing to the absence of lactose and cholesterol in the dairy products, which makes the products suitable for a group of population suffering from heart disease and lactose intolerance and in general for all. Moreover, in recent years, plant sources such as legumes and cereals have been highly accepted as functional food and nutraceuticals because of the health promoting components present in them such as minerals, dietary fibers, antioxidants and vitamins. Owing to these benefits over dairy products, the demand for plant-based dairy is increasing. The rising opportunity in the dairy free sector is restraining the growth of lactose-free dairy products, which can be a one of the restraints for the lactase enzyme, as it is the prime raw material used for processing regular dairy products into lactose-free dairy products.
Small & medium-sized enterprises have efficient cost management due to limited capital and resources. Many quality and productivity improvement techniques are generally not finding a place in SMEs (small-and medium-sized enterprises) due to the lack of knowledge and resources to implement the same. However, the high costs involved in adapting to new technologies, production, and extraction procedures have restricted SMEs from improving their operations. Moreover, the process of lactase extraction requires technical expertise and abundant knowledge, which is majorly not present with the SMEs. Thus, extraction of lactase enzymes with fully equipped knowledge and expertise is among the major challenges for the lactase enzyme market.
Lactase enzyme modification technologies such as encapsulation of enzymes can be used to increase the shelf-life of enzymes. However, encapsulation of lactase has been considered an alternate strategy to overcome lactose intolerance and negative sensory properties of lactose-free milk. In addition, this technique is easily transferrable to other manufacturing sites and does not need sophisticated equipment. Enzyme encapsulation processes help in preserving native enzyme structures and activities. Furthermore, it can provide efficient protection against enzymatic degradation. Perhaps, the technical skills required for the encapsulation process is possessed by very less number of people. Therefore, the lack of skills among workforce is the major challenge for the lactase extraction process.
The report provides in-depth analysis of global lactase enzyme market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various lactase enzyme in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028.
The global lactase enzyme market comprises of different market segment like source, form, application, and geography.
The source studied in the global lactase enzyme market are fungi, bacteria, and yeast. Yeast is a largely-used source for the extraction of lactase enzyme. Kluyveromyces lactis and Kluyveromyces fragilis (Sacchoramyces fragilis) are recognized as safe” (GRAS) by the Food & Drug Administration (FDA). Therefore, lactase enzyme sourced from yeast finds major applications in the food & beverage industry, especially in the dairy industry.
The global lactase enzyme market finds its major application in food & beverages, and pharmaceutical & dietary supplements. Food & beverage furtherly segmented into milk, cheese, yoghurt, and ice cream. Food and beverage hold the majority share in the market, in 2021. Owing to the accomplishment of initial lactose-free dairy products, currently, the demand has shifted towards other delicacies and products made from lactose-free milk. This trend is expected to be exploited by key players for launching attractive lactose-free dairy products, so as to gain a competitive advantage and easily capture consumer attention.
The lactase enzyme is available in liquid and dry form in the market. By form liquid segment is a fastest growing segment in the market. The liquid form of enzymes is generally less stable than the solid form, although it may have higher activity and better functionality than the powder form. It is directly used in the liquid form or sprayed and absorbed on a solid carrier. Among all applications, the liquid form of lactase enzyme is widely used in the food & beverage industry and pharmaceutical applications for products, such as syrups. Liquid lactase enzyme accelerates chemical, biological, and metabolic reactions by altering a reaction's efficiency and results in making the pharmaceutical product more efficient for human use.
The global lactase enzyme market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Europe is likely to witness rising demand for lactase enzyme market. The demand for dairy enzymes is high in Europe owing to the presence of a developed food & beverage processing industry. Furthermore, technological advancements and the presence of key manufacturers, such as DSM and Chr. Hansen Holding A/S, in Europe, is among the significant factors driving the regional market. Favorable outlook towards health & nutrition has led to an increase in per capita expenditure on lactase-based dietary supplements in the region.
The competitive landscape analysis of lactase enzyme market is certainly based range of market players operating in the food & beverage market with increasing demand for production of lactase enzyme. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in market are Natural Factors Nutritional Products Ltd., Symrise AG, Mitushi Biopharma, Chr. Hansen Holding A/S, Advanced Enzyme Technologies Limited, DuPont de Nemours and Company, DSM Chemicals, Novozymes A/S, Merck KGaA (Sigma-Aldrich), Sternenzyme, Calza Clemente, Senson, Nature BioScience Pvt. Ltd., Biolaxi Corp., Novact Corp, Aumgene Biosciences, Infinita Biotech Pvt. Ltd., among others.
March 2020: Novozymes launched Saphera Fiber, a new lactase enzyme. It can be used to increase the content of fibers while reducing sugar in fermented and non-fermented dairy products. Its usage will cater to the rising demand for clean-label products, as it can be used to manufacture dairy product sustainably with less use of artificial or chemically produced ingredients
June 2019: Novozymes (Denmark) expanded its presence in East Africa, which allowed the company to meet the consumer demand for enzyme products.
May 2019: Novozymes (Denmark) became the first multinational company to partner with Alibaba’s 1688 platform in industrial biotechnology in China. Novozymes’ enzymes are now available online through Alibaba’s platform.
October 2019: DuPont Danisco launched Nurica, a dairy enzyme to help the lactose-free product manufacturers to meet the consumer demand for clean-label products. Danisco provides improved nutrition, better taste, texture, and greater cost-efficiency. This new product launch will help the company to strengthen the product portfolio and will also help the company to become a global leader in high-value enzymes for catering to the dairy industry.
March 2018: DSM launched a new product range of dairy enzyme, called Maxilact Smart, which has a higher enzyme activity. This product is a major development in the enzyme industry, as it would help dairy producers to meet the growing demand for lactose-free dairy products in the market.
Lactase enzymes refer to an essential catalyst which is produced by microorganisms that assist in breaking down lactose among consumers with lactose tolerance. These enzymes are often added to food products, beverages, dietary supplements and pharmaceutical products in dry or liquid form. The global lactase enzyme market comprises of different market segment like source, form, application, and geography. The source studied in the global lactase enzyme market are fungi, bacteria, and yeast. Yeast is a largely-used source for the extraction of lactase enzyme. The global lactase enzyme market finds its major application in food & beverages, and pharmaceutical & dietary supplements. Food & beverage furtherly segmented into milk, cheese, yoghurt, and ice cream. Food and beverage hold the majority share in the market, in 2021. The lactase enzyme is available in liquid and dry form in the market. By form liquid segment is a fastest growing segment in the market. The global lactase enzyme market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Europe is likely to witness rising demand for lactase enzyme market.
1) What are the drivers for lactase enzyme market?
The key driving factors of the market are rising cases of lactose-intolerance and growing demand from lactose-free dairy product manufacturers
2) Which is the leading application segment for lactase enzyme market?
Food & beverages has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
3) Which region is gaining majority of market share during the forecast period (2022-2028)?
Europe is expected to gain major market share during the forecast period (2022-2028).