Global Lactase Market To Register High Revenue Growth At 3.7% CAGR During 2017-2025
Verfasser: yogesh on Tuesday, 11 December 2018Persistence Market Research (PMR) has published a research report titled “Lactase Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025.” The report states that the global market for lactase is expected to be impacted by the growing application of lactase enzyme and its various benefits. The increasing awareness among people is further expected to bode well for the growth of the market in the coming years. According to PMR, the global lactase market is expected to witness a CAGR of 3.7% from 2017 to 2025. The market was valued at around US$ 1,235 Mn in 2017 and is expected to rise to over US$ 1,647 Mn by the end of 2025.
Growing Consumption of Dairy Supplements to Augur Well for the Market
Lactaid that contains lactase is a very prominent dietary supplement that is used in the form of a pill by people who are lactose intolerant. Presently, the consumption of dairy food is extremely high and people worry about getting extra calcium in their diet from dairy products. The idea of this supplement is to take it before meals as it contains lactose. Producers state that these supplements or pills contain lactase enzymes and thus have an excellent safety profile. They are safe for intake as a part of the meal or snack at any time of the day. As a result, the penetration of dietary supplements containing lactase is growing, thereby leading to the increasing demand for lactase enzymes in the dietary supplements market.