The Asia Pacific Lactase Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
Protein, choline, and important vitamins and minerals like calcium, riboflavin, phosphorus, vitamin B12, and vitamin A naturally occur in dairy products. Eating lactose-free dairy products means those with lactose sensitivity can enjoy all the nutritious advantages of dairy without the unpleasant digestive symptoms.
Most lactose free dairy products contain the lactase enzyme, which transforms lactose sugar into the easily digestible sugars like glucose and galactose. Lactose-free and normal dairy have the same amounts of calories, protein, carbs, and fat, as there is no difference in nutrition between the two. Additionally, it is well known that dairy provides the body essential minerals that are necessary for healthy bones.
The market is anticipated to rise due to factors including rising product innovation and development in different application sectors as well as rising demand for lactose-free dairy products. Because it renders dairy products lactose-free by lowering and/or eradicating the lactose content, lactase is primarily used in the food and beverage industry. In addition, one of the main causes driving up product demand is the rising incidence of lactose intolerance.
This region accounts for an estimated 414 million Asians aged 65 and over. It's anticipated that by 2060, there will be over 1.2 billion Asians who are 65 years of age or older, meaning that one in ten persons worldwide will be an older Asian. The elderly population's proportion is significantly high in Japan, New Zealand, and Australia. Due to their emphasis on health, easy-to-consumer foods are preferred by this group in Japan. In addition, they favor goods and services that are sustainable. Consequently, the nation's demand for lactose-free dairy products has increased significantly. In addition, the region's dairy product makers were forced to include lactase in their line of products due to the need for such easily digested dairy products, which increased the market for lactase. All these elements are propelling the growth of the lactase market.
The China market dominated the Asia Pacific Lactase Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $29,838.1 Thousands by 2028. The Japan market is experiencing a CAGR of 6.4% during (2022 - 2028). Additionally, The India market would display a CAGR of 7.7% during (2022 - 2028).
Based on Application, the market is segmented into Food & Beverages and Pharmaceutical Products & Dietary Supplements. Based on Food & Beverages Type, the market is segmented into Milk, Yogurt, Cheese, Ice cream and Others. Based on Source, the market is segmented into Yeast, Fungi and Bacteria. Based on Form, the market is segmented into Liquid and Dry. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kerry Group PLC, Koninklijke DSM N.V., DuPont de Nemours, Inc., Novozymes A/S (Novo Holdings A/S), Chr. Hansen Holding A/S, Advanced Enzyme Technologies Limited, Oenon Holdings, Inc., Mitushi Biopharma, Natural Factors, and Amano Enzyme, Inc.
Protein, choline, and important vitamins and minerals like calcium, riboflavin, phosphorus, vitamin B12, and vitamin A naturally occur in dairy products. Eating lactose-free dairy products means those with lactose sensitivity can enjoy all the nutritious advantages of dairy without the unpleasant digestive symptoms.
Most lactose free dairy products contain the lactase enzyme, which transforms lactose sugar into the easily digestible sugars like glucose and galactose. Lactose-free and normal dairy have the same amounts of calories, protein, carbs, and fat, as there is no difference in nutrition between the two. Additionally, it is well known that dairy provides the body essential minerals that are necessary for healthy bones.
The market is anticipated to rise due to factors including rising product innovation and development in different application sectors as well as rising demand for lactose-free dairy products. Because it renders dairy products lactose-free by lowering and/or eradicating the lactose content, lactase is primarily used in the food and beverage industry. In addition, one of the main causes driving up product demand is the rising incidence of lactose intolerance.
This region accounts for an estimated 414 million Asians aged 65 and over. It's anticipated that by 2060, there will be over 1.2 billion Asians who are 65 years of age or older, meaning that one in ten persons worldwide will be an older Asian. The elderly population's proportion is significantly high in Japan, New Zealand, and Australia. Due to their emphasis on health, easy-to-consumer foods are preferred by this group in Japan. In addition, they favor goods and services that are sustainable. Consequently, the nation's demand for lactose-free dairy products has increased significantly. In addition, the region's dairy product makers were forced to include lactase in their line of products due to the need for such easily digested dairy products, which increased the market for lactase. All these elements are propelling the growth of the lactase market.
The China market dominated the Asia Pacific Lactase Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $29,838.1 Thousands by 2028. The Japan market is experiencing a CAGR of 6.4% during (2022 - 2028). Additionally, The India market would display a CAGR of 7.7% during (2022 - 2028).
Based on Application, the market is segmented into Food & Beverages and Pharmaceutical Products & Dietary Supplements. Based on Food & Beverages Type, the market is segmented into Milk, Yogurt, Cheese, Ice cream and Others. Based on Source, the market is segmented into Yeast, Fungi and Bacteria. Based on Form, the market is segmented into Liquid and Dry. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kerry Group PLC, Koninklijke DSM N.V., DuPont de Nemours, Inc., Novozymes A/S (Novo Holdings A/S), Chr. Hansen Holding A/S, Advanced Enzyme Technologies Limited, Oenon Holdings, Inc., Mitushi Biopharma, Natural Factors, and Amano Enzyme, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Food & Beverages
- Milk
- Yogurt
- Cheese
- Ice cream
- Others
- Pharmaceutical Products & Dietary Supplements
By Source
- Yeast
- Fungi
- Bacteria
By Form
- Liquid
- Dry
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Kerry Group PLC
- Koninklijke DSM N.V
- DuPont de Nemours, Inc
- Novozymes A/S (Novo Holdings A/S)
- Chr. Hansen Holding A/S
- Advanced Enzyme Technologies Limited
- Oenon Holdings, Inc
- Mitushi Biopharma
- Natural Factors
- Amano Enzyme, Inc
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Lactase Market, by Application
1.4.2 Asia Pacific Lactase Market, by Source
1.4.3 Asia Pacific Lactase Market, by Form
1.4.4 Asia Pacific Lactase Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Approvals and Trials
3.2.5 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. Asia Pacific Lactase Market by Application
4.1 Asia Pacific Food & Beverages Market by Country
4.2 Asia Pacific Lactase Market by Food & Beverages Type
4.2.1 Asia Pacific Milk Market by Country
4.2.2 Asia Pacific Yogurt Market by Country
4.2.3 Asia Pacific Cheese Market by Country
4.2.4 Asia Pacific Ice cream Market by Country
4.2.5 Asia Pacific Others Market by Country
4.3 Asia Pacific Pharmaceutical Products & Dietary Supplements Market by Country
Chapter 5. Asia Pacific Lactase Market by Source
5.1 Asia Pacific Yeast Market by Country
5.2 Asia Pacific Fungi Market by Country
5.3 Asia Pacific Bacteria Market by Country
Chapter 6. Asia Pacific Lactase Market by Form
6.1 Asia Pacific Liquid Market by Country
6.2 Asia Pacific Dry Market by Country
Chapter 7. Asia Pacific Lactase Market by Country
7.1 China Lactase Market
7.1.1 China Lactase Market by Application
7.1.1.1 China Lactase Market by Food & Beverages Type
7.1.2 China Lactase Market by Source
7.1.3 China Lactase Market by Form
7.2 Japan Lactase Market
7.2.1 Japan Lactase Market by Application
7.2.1.1 Japan Lactase Market by Food & Beverages Type
7.2.2 Japan Lactase Market by Source
7.2.3 Japan Lactase Market by Form
7.3 India Lactase Market
7.3.1 India Lactase Market by Application
7.3.1.1 India Lactase Market by Food & Beverages Type
7.3.2 India Lactase Market by Source
7.3.3 India Lactase Market by Form
7.4 South Korea Lactase Market
7.4.1 South Korea Lactase Market by Application
7.4.1.1 South Korea Lactase Market by Food & Beverages Type
7.4.2 South Korea Lactase Market by Source
7.4.3 South Korea Lactase Market by Form
7.5 Singapore Lactase Market
7.5.1 Singapore Lactase Market by Application
7.5.1.1 Singapore Lactase Market by Food & Beverages Type
7.5.2 Singapore Lactase Market by Source
7.5.3 Singapore Lactase Market by Form
7.6 Malaysia Lactase Market
7.6.1 Malaysia Lactase Market by Application
7.6.1.1 Malaysia Lactase Market by Food & Beverages Type
7.6.2 Malaysia Lactase Market by Source
7.6.3 Malaysia Lactase Market by Form
7.7 Rest of Asia Pacific Lactase Market
7.7.1 Rest of Asia Pacific Lactase Market by Application
7.7.1.1 Rest of Asia Pacific Lactase Market by Food & Beverages Type
7.7.2 Rest of Asia Pacific Lactase Market by Source
7.7.3 Rest of Asia Pacific Lactase Market by Form
Chapter 8. Company Profiles
8.1 Kerry Group PLC
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.5.3 Geographical Expansions:
8.2 Koninklijke DSM N.V.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Acquisition and Mergers:
8.3 DuPont de Nemours, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Approvals and Trials:
8.4 Novozymes A/S (Novo Holdings A/S)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisitions and Mergers:
8.4.5.2 Product Launches and Product Expansions:
8.5 Chr. Hansen Holding A/S
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segment & Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.6 Advanced Enzyme Technologies Limited
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Research & Development Expenses
8.7 Oenon Holdings, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental Analysis
8.8 Mitushi Biopharma
8.8.1 Company Overview
8.9 Natural Factors
8.9.1 Company Overview
8.10. Amano Enzyme, Inc.
8.10.1 Company Overview
Companies Mentioned
- Kerry Group PLC
- Koninklijke DSM N.V.
- DuPont de Nemours, Inc.
- Novozymes A/S (Novo Holdings A/S)
- Chr. Hansen Holding A/S
- Advanced Enzyme Technologies Limited
- Oenon Holdings, Inc.
- Mitushi Biopharma
- Natural Factors
- Amano Enzyme, Inc.
Methodology
LOADING...
