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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Lactose Market Size
The global lactose market is being supported by the thriving dairy industry, which witnessed an increase of 2.5% annually until 2020.
Lactose Market Outlook
- As per industry reports, an estimated 70-75% of the world's population is lactose deficient, indicating a potential for market growth.
- Surging demand for infant-grade and food-grade lactose, especially from developing countries like China is driving lactose market.
- The USDA Dairy Data shows that per capita milk availability has been increasing in many states in India, indicating growing domestic consumption of dairy products and their byproducts like lactose.
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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