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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Lactose Market Share
Lactulose is the dominant derivative, driven by its widespread use in various applications
The lactulose segment dominates the market and is expected to continue its dominance due to its increasing use in various applications, particularly in the food and beverages industry where it is used as a sweetener and in the pharmaceutical industry where it is used as a laxative. Galactose is another significant derivative in the global lactose market, driven by its increasing use in various applications such as pharmaceuticals and cosmetics. In the cosmetics industry, it is used as a moisturiser.
Food and beverages segment holds a significant market share due to rising consumption of dairy products
The food segment is anticipated to grow at the fastest pace during the projected timeframe. This is due to the growing demand for dairy product standardisation by the food industry. The food industry has further accelerated lactose market development because demand for lactose has increased, driven by consumption of products like yoghurt, milk, cheese, butter, etc. The feed segment also has a substantial market share as lactose is used as an ingredient in pig feed and other animal feed products. The pharmaceutical industry also uses lactose as an excipient in the formulation of tablets and capsules.
Lactose Market Report Snapshots
Lactose Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The lactose market value is being supported by the expansion of dairy industry, which grew at a CAGR of 2.5% annually until 2020.
The major drivers of the market include the declining breast-feeding rates, increasing awareness regarding the importance of infant nutrition, growing pharmaceutical industry, and rising demand for baked goods.
Key trends aiding market expansion include the thriving dairy industry, the growing demand for infant formula, increasing research and development activities, and new product launches.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Based on derivative, the market is divided into lactulose, galactose, lactitol, and lactosucrose, among others.
The market is divided based on form into powder and granule.
The end-uses are food and beverages, confectionery, animal feed, pharmaceutical, and cosmetics, among others.
Key players in the market are Fonterra Co-Operative Group Limited, Lactalis Group, Royal FrieslandCampina, Kerry Group plc, Agropur Cooperative, and Arla Foods amba, among others.
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