The incidence of lactose intolerance has increased exponentially in recent years and this is anticipated to be the primary factor augmenting lactase enzyme consumption over the coming years. The aforementioned factor has also resulted in the high demand for lactose enzyme supplements in the form of lactase capsules, lactase tablets, and lactose intolerance pills.
According To Fact.MR, The global lactase enzyme market is estimated to exhibit expansion at 4% CAGR from 2023 to 2033. Worldwide sales of lactase enzymes are projected to increase from a market valuation of US$ 742 million in 2023 and reach US$ 1.1 billion by the end of 2033.
Changing consumer food preferences, increasing consumer awareness for nutrition, rising geriatric population, high demand for easy-digestible foods, and increasing demand for lactose-free products are other factors that are forecasted to augment lactase enzyme demand over the decade. Rising number of people opting for vegan, plant-based, and cruelty-free products is expected to create highly lucrative new opportunities for established as well as new companies in the global marketplace over the next ten years.
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How Can New Lactase Enzyme Companies Make a Mark in This Space?
New lactase enzyme companies can make a mark in the lactase enzyme market by focusing on developing more efficient and cost-effective lactase enzymes. One of the main challenges in the lactase enzyme market is the high cost of production, which limits the adoption of lactase enzymes by food manufacturers. By developing enzymes that are more efficient and cost-effective, new companies can gain a competitive edge in the market and attract more customers.
Another way for new lactase enzyme companies to make a mark in this space is by offering value-added services such as technical support, customized solutions, and regulatory compliance. Many food manufacturers require assistance in formulating lactose-free products and ensuring compliance with regulatory standards. By offering these value-added services, new lactase enzyme companies can differentiate themselves from the competition and build long-term relationships with customers. Additionally, new companies can focus on developing lactase enzymes that can cater to the specific needs of niche markets, such as the organic and non-GMO markets, to gain a competitive advantage. Overall, new lactase enzyme companies can make a mark in this space by focusing on innovation, efficiency, and customer service.
Which Form of Lactase Enzyme is Largely Preferred?
Lactase enzyme is available in various forms, including liquid, powder, and tablet. Among these, liquid lactase enzyme is the most widely preferred form due to its ease of use, effectiveness, and versatility. Liquid lactase enzyme is easy to mix into foods and beverages, making it suitable for use in a wide range of products, including milk, cheese, ice cream, and yogurt. Additionally, liquid lactase enzymes are available in various strengths, allowing manufacturers to customize the lactose content of their products to meet consumer demand.
Powdered lactase enzymes are also commonly used in the food industry. Powdered lactase enzymes are easy to store, transport, and use, making them a convenient option for manufacturers. They can also be customized to meet specific application requirements, such as pH and temperature. However, compared to liquid lactase enzymes, powdered lactase enzymes may be less effective in breaking down lactose in certain types of products.
Tablet lactase enzymes are the least commonly used form of lactase enzymes due to their limited applications and effectiveness. Tablet lactase enzymes are mainly used as a dietary supplement to aid in lactose digestion in individuals with lactose intolerance. Overall, while liquid lactase enzymes are the most widely preferred form due to their versatility and effectiveness, powdered lactase enzymes are also commonly used in the food industry.