Lactase (β-Galactosidase) is an enzyme capable of hydrolyzing lactose into glucose and galactose. Lactase is commonly used to catalyze the hydrolysis of lactose in the food industry for making lactose reduced/free products e.g. milk, yogurt, cream and ice cream.
With 70% of the world\'s population unable to tolerate lactose, it's hardly surprising that the trend towards healthier food has brought a growing demand for lactose-free dairy products.
The technical barriers of lactase are relatively not high, resulting in numerous manufacturing enterprises. In the market, there are some relatively large enterprises, such as DSM, Novozymes, DuPont, Chr. Hansen Holding, Amano Enzyme, Enzyme Development, SternEnzym, and Specialty Enzymes & Biotechnologies. These companies mainly concentrate in Europe. Europe is the largest producer, more than 60% of total production in 2016. However, China enterprises have rather small production because of technology and equipment, especially in neutral lactase market. Every year, China import amount of neutral lactase to meet the needs of local dairy products companies.
In the past few years, the price of lactase has decreased and we expect the price will slightly lower. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of lactase.
As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in lactase industry will become more intense.

The Global Lactase Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Lactase Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

DSM
Novozymes
DuPont
Chr. Hansen Holding
Amano Enzyme
Enzyme Development
SternEnzym
Specialty Enzymes & Biotechnologies
Enzyme Solutions
Advanced Enzymes
Zhongnuo BioTech
Enze Bio
Meihua BioTech
Kono Chem

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Neutral Lactase
Acid Lactase
In Market segmentation by applications :

Food Industry
Pharmaceutical Industry
Other

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Lactase Market for the forecast period 2023 - 2030?
• What are the driving forces in the Lactase Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Lactase industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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