A qualitative and quantitative analysis of the Lactose Market

The global lactose market size is projected to reach USD 1.53 billion by 2026, thereby exhibiting a CAGR of 3.7% during the forecast period. The market was valued at USD 1.19 billion in 2018. This information is published in a report by Fortune Business Insights, titled, "Lactose Market Size, Share Trends & Industry Analysis, By Purity (Crude Lactose, Edible Lactose, and Refined-edible Grade Lactose), By Color (Yellow Lactose, Pale-yellow to White Lactose, and White Lactose), By Applications (Food, Feed, Infant Formula, and Pharmaceuticals), and Regional Forecast, 2019-2026." The report further mentions that the market is likely to gain momentum from the rising application of lactose in various industries, namely, food and beverages and feed. It is also used in the making confectioneries, bakery products, and creams.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/lactose-market-101774

Highlights of the Report

Elaborate information regarding the lactose market trends, growth drivers, hindrances, opportunities, and other related challenges.
In-depth analysis of the competitive landscape consisting of joint ventures, new product launches, innovations, mergers and acquisitions, and agreements.
Market size in terms of both value and volume.
Usage of Lactose in Making Sports Drinks Will Drive Market Growth

The sports and dietary supplements industry is growing at a sizeable rate all over the world. It is occurring because of the rising participation of the populaces in active and recreational sports. Also, increasing number of organized sports is contributing to the growth of this industry. The regional governments as well as non-profit organizations are also taking various initiatives to increase the awareness about health, fitness, and personal well-being amongst the masses. This is resulting in the rising demand for clinical and sports nutrition products. In the food industry, lactose is experiencing high demand owing to its clinically proven health benefits and other physical properties that are making it the perfect ingredient for making sports drinks. It is expected to boost the lactose market growth during the forecast period.

Refined-edible Grade Lactose Segment to Exhibit Immense Growth Backed by Demand from Infant Formula Industry

In terms of purity, the market is fragmented into refined-edible grade lactose, edible lactose, and crude lactose. Out of these, the edible grade lactose segment had acquired 27.1% lactose market share in 2018. However, the refined-edible grade lactose segment had generated the highest revenue in 2018 and had lead the market. It is widely used in the infant formula and pharmaceutical industries. Several prominent players are offering novel products, such as dry-blend infant-grade lactose. It is, in turn, increasing demand for refined-edible grade lactose. Additionally, these industries have set up a few strict specification requirements for this type of lactose that requires additional steps for purification. All these factors are likely to propel this segment in the coming years.

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North America to Showcase Astonishing Growth Stoked by High Demand for Confectionery

The market is geographically segregated into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Amongst these, North America had generated USD 183.7 million lactose market revenue in 2018. The American Dairy Association mentioned that in 2018, the U.S. consumed around 150,000 tons of infant formula out of the total consumption of 2.5 million tons. In the U.S., there is also a rising demand for refined-edible grade lactose from the pharmaceutical industry. Moreover, increasing demand for confectionery and other food products would also drive the lactose market value in this region.

Asia Pacific was in the dominant position in the consumption of lactose in 2018. As per numerous national and regional estimates, Japan, India, and China accounted for approximately 30% to 40% of the feed production globally in the same year. China and other countries situated in this region were the leading producers of infant formula.

Arla Foods Ingredients Expands its Whey Processing Facility in Denmark

September 2014: Arla Foods Ingredients A/S, a provider of food ingredients for a range of categories, announced that it has completed the expansion of its whey processing facility in Denmark. The expansion has aided in doubling the company's lactose and whey processing capacity in the country. The total investment was more than USD 76.1 million. At present, the plant is considered to be one of the biggest in Europe.

Fortune Business Insights lists out some of the most reputed companies operating in the global lactose market. They are as follows:

Kerry Inc.
MILEI GmbH
FrieslandCampina
LACTALIS Ingredients
Glanbia Plc.
Lactose (India) Limited
Fonterra Co-operative Group
Arla Foods Ingredients Group A/S
Armor Proteines
Molkerei MEGGLE Wasserburg GmbH & Co.KG
Hilmar Cheese Company, Inc.

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Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Overview of Application of Lactose: By Color
Production Share of Lactose, By Region, 2018
Price Comparison (US$, Per Ton): By Grade (Crude Lactose, Edible Lactose, Refined-edible Lactose), 2018
Overview of Application of Lactose: By Grade
Price Comparison (US$, Per Ton): By Color (White, Pale-Yellow to White, Yellow)
Price Comparison (US$, Per Ton): By Application (Feed, Food, Infant Formula, Pharmaceutical), 2018
USDA Average Prices, Lactose, 2019
Global Lactose Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast - By Purity
Crude Lactose
Edible Lactose
Refined-edible Lactose
Market Analysis, Insights and Forecast - By Color
Yellow Lactose
Pale-yellow Lactose
White Lactose
Market Analysis, Insights and Forecast - By Application
Food
Feed
Infant Formula
Pharmaceuticals
Market Analysis, Insights and Forecast - By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
TOC Continued....!

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