The Business Research Company’s report on the Lactose Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the lactose market’s growth in recent years?
The rising dairy production is expected to propel the growth of lactose market going forward. Dairy production refers to the farming and processing of milk and milk-related products, typically from animals such as cows, goats, or sheep. Increased dairy production leads to a higher availability of raw milk, resulting in a greater supply of lactose as a byproduct. Additionally, the boost in dairy production results in more lactose byproducts, making lactose more affordable, and stimulating its use in various industries, including food and non-food sectors. For instance, in August 2023, according to the European Commission (EC), the Belgium-based executive branch of the European Union (EU), raw milk production in the EU saw a 0.8% increase during the initial six months of 2023. Therefore, the rising dairy production is driving the growth of lactose market.
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How does the future projection of the lactose market size compare to its historical growth?
The lactose market size has grown steadily in recent years. It will grow from $1.36 billion in 2024 to $1.41 billion in 2025 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to increased consumption of dairy products worldwide, growth in the global food and beverage industry, demand for infant formula and nutritional supplements, expansion of the pharmaceutical and pharmaceutical excipients industry, rise in health awareness and nutritional awareness.
The lactose market size is expected to see steady growth in the next few years. It will grow to $1.68 billion in 2029 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to increasing use of lactose in pet food formulations, rising prevalence of lactose-free and dairy-free products, demand for low-fodmap and gut-friendly ingredients, emergence of niche applications in cosmetics and personal care, expansion of lactose market in emerging economies. Major trends in the forecast period include lactose in cosmetics and personal care products, high purity and pharmaceutical-grade lactose, lactose in animal feed formulations, instantized lactose for quick dissolution, customized lactose blends.
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Which key players are shaping the future of the lactose market?
Major companies operating in the lactose market include Kerry Group, Saputo Inc., Lactalis Ingredients, Leprino Foods Company, Glanbia PLC., Lactose India Ltd., Davisco Foods International Inc., DMK Deutsches Milchkontor GmbH, Molkerei MEGGLE Wasserburg GmbH & Co. KG, Royal FrieslandCampina NV, FrieslandCampina, Armor Proteines, Bayerische Milchindustrie eG, Milei GmbH, Fonterra Co-operative Group, Agropur Cooperative, Nestle SA, Danone SA, Dairy Farmers of America Inc., Arla Foods amba, Gujarat Co-operative Milk Marketing Federation Ltd., Inner Mongolia Yili Industrial Group Co Ltd., Ba’emek Advanced Technologies Ltd., Hilmar Cheese Company, Avantor Inc., Danone North America Inc., Kraft Heinz Company, Glanbia Plc, Foremost Farms USA, Erie Foods International Inc.
What trends will propel the growth and evolution of the lactose market?
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. For instance, in February 2022, Nestlé S.A. is a Switzerland-based multinational food and drink processing conglomerate corporation collaborated with Valio Ltd., a Finland-based manufacturer of dairy products to enhance its portfolio in premium dairy products.
Which regions are expected to become dominant players in the lactose market?
North America was the largest region in the lactose market in 2024. The regions covered in the lactose market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the emerging key segments in the lactose market, and how are they evolving?
The lactose market covered in this report is segmented –
1) By Form: Powder, Granule
2) By Purity: Crude Lactose, Edible Lactose, Refined-Edible Grade Lactose
3) By Color: Yellow, Pale-Yellow To White, White
4) By End-Use: Food And Beverages, Confectionery, Animal Feed, Pharmaceutical, Cosmetics, Other End-Users
Subsegments:
1) By Powder: Spray-Dried Lactose, Instant Lactose, Lactose Monohydrate
2) By Granule: Granulated Lactose, Lactose Pellets
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What defines the structure and scope of the lactose market?
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 consists of disaccharides of glucose and galactose units and is found in milk amounts ranging from 2–8%. It is used in a large number of foodstuffs and in the pharmaceutical industry.
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