Well-established manufacturers of lactase enzymes, with their occupancy largely concentrated in Europe, are eyeing consolidation in emerging markets to strengthen their global market foothold. These manufacturers are now targeting untapped opportunities in the developing nations. Leading players such as Koninklijke DSM N.V. are witnessing significant business expansion related to dietary supplements, which is a key application area of lactase enzyme, in China. Additionally, other key players, such as Chr. Hansen Holding A/S, are focusing on reducing their dependency on European market, shifting their focus to countries in Latin America and Middle East & Africa.
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Customer-centric Approach Drives Innovation – Developing Lactase-measuring Devices Emerges as a Popular Trend
The significant rise in global demand for lactose-free food products is widening the range of food & beverage applications of lactase enzymes, which is influencing business strategies of market players in the lactase enzyme market. An upsurge in demand for lactase enzymes in the F&B space is encouraging manufacturers, such as Chr. Hansen A/S, in putting efforts to achieve consumer-driven commercial success in the lactase enzyme market. Sensing evolving requirements of end-users to ensure low lactose levels in dairy products, prominent lactase enzyme manufacturers such as Chr. Hansen A/S, have introduced novel test kits that measure lactose levels. Such product launches by leading market players are aimed at attracting dairy manufacturers who continuously seek ideal solutions for process control. Key lactase enzyme manufacturers are also entering into strategic collaborations for marketing their cost-effective lactose-analyzing devices, which enable efficient and fast measurement of lactose levels in dairy products.
Ever-evolving Regulations Influencing Manufacturers to Comply with Necessary Standards
Taking into consideration the need for delivering safe food ingredients, manufacturers of lactase enzymes need to meet the food safety requirements developed by regulatory bodies across the world. Owing to the rise in number of label-conscious consumers across the world, manufacturers in the lactase enzyme market are putting extra efforts into pursuing necessary certifications from governing bodies. The inevitable need for gaining certifications, such as Kosher and Halal, from internationally recognized certification bodies may require lactase enzyme manufacturers to modify their manufacturing and/or marketing strategies. This may lead to making it more challenging for market players in the lactase enzyme market to mitigate manufacturing costs to maintain a competitive product price.
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Market Players Capitalize on the Health & Wellness Trend to Amplify Sales
With a majority of consumers becoming health conscious and preferring low-calorie diets, demand for food products containing lower sugar content has increased rapidly in the past few years. The recent trends in the lactase enzyme market are mainly driven by a rising percentage of health-conscious consumers preferring food products low on sugar and lactose. As the health and wellness trend is encouraging consumers to eat healthier, food products manufactured by using lactase enzymes have gained a stand-out health appeal, which is ultimately boosting the growth of the lactase enzyme market. Lactase enzyme manufacturers are focusing on spreading awareness about the added benefits of adding lactase enzymes to various food products in improve taste, flavor, texture, and reducing sugar content in the products to attract a large consumer base.
The FactMR report provides detailed information about growth parameters of the lactase enzyme market with the help of a detailed assessment of the competitive environment in the lactase enzyme market. The market study provides a comprehensive data on each stakeholder in the lactase enzyme market, including Chr. Hansen Holding A/S, Advanced Enzyme Technologies Limited, DuPont de Nemours and Company, DSM Chemicals, Novozymes A/S, Merck KGaA (Sigma-Aldrich), Sternenzym, Amano Enzyme Inc., Calza Clemente, Senson, and Specialty Enzymes & Biotechnologies. The report provides readers with all-encompassing data on each manufacturer’s revenue shares, winning strategies, and latest information on mergers and acquisitions in the lactase enzyme market.
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