Competitive Analysis of Executive Summary Lactase Market Size and Share
CAGR Value
Data Bridge Market Research analyses that the lactase market was valued at USD 206.13 million is expected to reach the value of USD 316.34 million by 2029, at a CAGR of 5.50% during the forecast period.
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Lactase Market Landscape Overview
Segments
The global lactase market is segmented based on type, source, form, and application. Lactase is available in various forms such as lactase powder and liquid lactase. The source of lactase includes yeast, fungi, and bacteria. In terms of form, lactase is categorized into food grade, pharmaceutical grade, and others. The application of lactase is widespread across various industries including food & beverages, pharmaceuticals, dietary supplements, and others. Each segment plays a crucial role in shaping the overall dynamics of the global lactase market, with increasing demand from the food and pharmaceutical industries propelling the market growth.
Market Players