Lactase has founded its application in various industries and prominently in pharmaceuticals, dietary supplements and food and beverages
Albany, NY -- (SBWIRE) -- 06/14/2018 -- A new business intelligence study added to the repository of Market Research Reports Search Engine (MRRSE) projects the lactase market to reach a valuation of over US$ 1.64 Bn by the end of 2027. The report titled "Global Market Study on Lactase: Growing Consumption of Lactase in Pharmaceuticals to Provide Market Players with Lucrative Prospects" projects the market to grow at a CAGR of 3.7% during the assessment period.
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According to the research study, lactase has founded its application in various industries and prominently in pharmaceuticals, dietary supplements and food and beverages. The numbers of individuals with lactase intolerant are increasing in various regions all over the world. This could direct towards the increasing geriatric population worldwide.
North America has the biggest per capita dairy intake worldwide, on the other hand, Europe is likely to dominate the global market for lactase in the approaching years on account of the devoid use of lactose dairy items moreover a considerable expansion in the functioning populace. The region is by now one of the biggest customer of processed food worldwide and is moreover likely to generate an additional need for food and beverages planned for the functioning populace in the recent years ahead.
In addition, the growing concerns for colic related to the lactose intolerance phases amid infants are likely to offer market players with remunerative prospects. Babies could be pre-handled with infant formulas or baby-feed which contain the lactase enzyme. Adding these infant formulas to normal milk or breast milk diminishes the capacity of lactose, therefore getting in lighter to digest. This is a safe and natural way for caring for infants those are related with colic.
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A lot of baby food and infant formulas makers are raising their product lines comprising lactase since the need for these baby foods is growing amid the urban populace. Intrinsically, this is ensuing in a high requirement for lactase enzymes, owing to which, considerable expansion could be anticipated in the worldwide market for lactase in the approaching years.
The research study offers in-depth analysis on the key players operating in the lactase market. According to the research study, some of the leading players in the market include Chr. Hansen A/S, Advanced Enzyme Technologies Limited, DuPont de Nemours and Company, DSM Chemicals, Novozymes, Merck KGaA (Sigma-Aldrich), and Sternenzyme, among others.
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