Lactose Market Forecast 2022 - 2027

The Lactose Market size is estimated to reach $1,650 million by 2027. Furthermore, it is poised to grow at a CAGR of 4.9% over the forecast period of 2022-2027. Lactose is the primary sugar (or carbohydrates) found in milk and dairy products. Lactose is made up of two simpler sugars, glucose and galactose, which our bodies use as energy. Lactase is a digestive enzyme that breaks down lactose into glucose and galactose. Lactose is a sugar found in milk that can be found in a variety of dairy products such as ice cream and yogurt. It can be found in milk in concentrations ranging from 2 to 8%. Lactose is found in a variety of foods as well as pharmaceutical products. Lactose is a rapidly fermentable carbohydrates, therefore using it as a carbon and energy source for fermentation to produce metabolites is a viable alternative. Lactose, which is digested more slowly than glucose or sucrose, could be a viable option for reducing catabolite suppression. Lactose is a disaccharide found in many mammals' milk, including humans and cows. Lactose is treated with a-galactosidase, which, in addition to being a hydrolase, also transfers d-galactopyranosyl units to the nonreducing ends of lactose and grows oligosaccharide chains produced by adding -d-galactopyranosyl units to the lactose, resulting in oligosaccharides with d-glucose at the reducing end. Rising consumption of dairy products among consumers and growing awareness regarding the importance of infant formula gives rise to the need for lactose are some of the factors driving the Lactose Industry forward in the projected period of 2022-2027. 

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Lactose Market Report Coverage

The report: “Lactose Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Lactose Market.

By Type- Lactose Monohydrate, Galactose, Lactulose, and Lactitol.

By Form- Powder, and Granule.

By Application- Food and Beverage, Cosmetics, Pharmaceutical, and Others. 

By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).

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Key Takeaways

• Geographically, North America held a dominant market share in the year 2021. It is owing to rising awareness among people regarding the importance of lactose-based products as it helps to provide various nutrients and energy. Nowadays, people are consuming healthy products and prefer various dairy products such as milk, cheese, and many others. According to the United States Department of Agriculture, in the U.S. about 223 billion pounds of milk are products in 2020 as the craziness of milk increases among consumers owing to its various health benefits.
• Rising consumption of dairy products among consumers and growing awareness regarding the importance of infant formula are some of the factors driving the Lactose Market. However, the rising lactose intolerance among consumers is one of the factors impeding market growth.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Lactose Market Report. 
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  Lactose Market Segmentation Analysis- By Form

  The Lactose market based on the form can be further segmented into Powder and Granule. Powder held a dominant market share in the year 2021. Lactose powder is used in the culinary and pharmaceutical industries as a sweetener or stabilizer. Lactose powder is white or pale yellow in color and has a slightly sweet flavor and fragrance of milk. Lactose powder is commonly used as a filler in bakery and confectionery items such as bread, cookies, cereals, and pancakes since it is readily available, inexpensive, and has a low amount of sweetness. It's also used to prevent discoloration in frozen and canned foods including soups, dehydrated potatoes, and meal-replacement supplements.

  However, Granule is estimated to be the fastest-growing, with a CAGR of 5.1% over the forecast period of 2022-2027. Lactose granules help to provide better characteristics for the tableting process as it helps to improve tablet compatibility. Lactose granule is mostly used to prepare pharmaceutical tablets and thus its demand growing.

  Lactose Market Challenges

  Growing Lactose Intolerance is one of the factors impeding the market growth.

  The rising number of lactose-intolerant people reduces the demand for lactose-based products as many people are not able to digest lactose-based products which cause various types of diseases such as diarrhea, bloating, and many more. According to the National Institute of Health, about 36% of people have lactose intolerance in 2020 which reduces the consumption of lactose-based products and thus hampering market growth.

  Lactose Market Industry Outlook

  Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Lactose Market. The top 10- Lactose Market companies are-

  1. Milei GmbH, 
  2. Lactalis Corporation, 
  3. Saputo Inc., 
  4. Kerry Plc., 
  5. Hilmar Ingredients,
  6. BASF SE, 
  7. Merck KgaA, 
  8. Armor Pharma, 
  9. Avantor Inc.,
  10. Davisco Foods International Inc.

  Recent Developments

  • In October 2020, Milei GmbH expanded its production capacity of about 170 tons to enlarge the production of lactose-based products. This expansion helps to increase the sales of lactose-based products and thus surges the market growth.
  • In March 2019, Lactalis collaborated with Prabhat Dairy, India-based integrated milk and dairy products company to enhance its portfolio of dairy products in India. 
  • In April 2019, Saputo Inc. acquired Dairy Crest Group Plc. The acquisition helps to expand the presence of Saputo in the international market and provides the company with a strong asset base to enter the UK market.

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