Global Lactose Market Overview And Prospects
Learn about the global lactose market through The Business Research Company, which provides information on lactose market size, lactose market drivers and restraints, lactose market players, the COVID-19 impact on the lactose market, and more.
The global lactose market is expected to grow from $1.14 billion in 2020 to $1.20 billion in 2021 at a compound annual growth rate (CAGR) of 5.6%. The change in the growth trend of the lactose market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The lactose market is expected to reach $1.37 billion in 2025 at a CAGR of 3.3%.
The rising demand for sports nutrition products is expected to drive lactose manufacturing, thus driving the market during the forecast period.
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The lactose market consists of sales of lactose products by entities (organization, sole-traders, and partnership) that consists of disaccharide of glucose and galactose units. Lactose is a sugar present in milk and is found in all kinds of dairy products made from milk such as ice cream and yogurt. It is found in milk in amounts ranging from 2-8%. Lactose is used in a large number of foodstuffs and in the pharmaceutical industry.
Global lactose market segments include:
By Form: Powder, Granule
By Purity: Crude Lactose, Edible Lactose, Refined-Edible Grade Lactose
By Color: Yellow, Pale-Yellow To White, White
By End-Use: Food And Beverages, Confectionery, Animal Feed, Pharmaceutical, Cosmetics, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the lactose market in 2020.
Strategic collaborations are a key trend gaining popularity in the lactose market. Major companies operating in the lactose sector are focused on strategic collaborations to expand their product portfolio.
TBRC’s lactose market report covers:
Major Market Players: Kerry Group, Saputo Inc., Lactalis Ingredients, Leprino Foods Company, Glanbia Plc, Lactose India Limited, Davisco Foods International Inc., DMK Deutsches Milchkontor GmbH, Molkerei MEGGLE Wasserburg GmbH & Co. KG, Royal FrieslandCampina, FrieslandCampina, Armor Proteines, Bayerische Milchindustrie eG, Milei GmbH, Fonterra Co-operative Group, and Agropur Cooperative.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Lactose Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides lactose market overviews, analyzes and forecasts market size, share, lactose market players, lactose market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s lactose market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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