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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Lactose Market Analysis by Region
North America leads the market due to its robust food, dairy, and pharmaceutical sectors
Geographically, North America is a significant region in the global market for lactose. The growth can be attributed to the increasing penetration of leading players, thriving food and beverages industry, and stringent food and safety regulations in the region. Moreover, the growing pharmaceutical industry is significantly contributing to the demand for refined-edible grade lactose, thus, further increasing the lactose market share in North America.
Meanwhile, the Asia Pacific is expected to witness a robust growth in the forecast period owing to the rapidly increasing demand for infant formula in countries like China and India. This can be attributed to the presence of a large population, rising awareness, and improving standards of living. Additionally, the increasing feed production in the region is also aiding the industry growth as lactose has applications in feed industry, especially as an ingredient for pig feed.
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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