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Lactose Global Market Report 2024 - By Share, Demand, Drivers, Analysis, Forecast To 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Lactose industry. This report on Lactose market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The lactose market size has grown steadily in recent years. It will grow from $1.31 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to increased consumption of dairy products worldwide, growth in the global food and beverage industry, demand for infant formula and nutritional supplements, expansion of the pharmaceutical and pharmaceutical excipients industry, rise in health awareness and nutritional awareness. The lactose market size is expected to see steady growth in the next few years. It will grow to $1.61 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%.
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Key Market Players:
Kerry Group, Saputo Inc., Lactalis Ingredients, Leprino Foods Company, Glanbia PLC., Lactose India Ltd.
Market Drivers:
According to the Lactose Market Report 2024 by The Business Research Company, the rise in pharmaceutical industry is expected to propel the growth of lactose market going forward. Lactose's role in creating tablet and capsule formulations supports drug integrity. The global presence of the pharmaceutical industry, production of generic drugs, and the development of diverse drug forms all contribute to higher lactose demand. Additionally, lactose is used in oral disintegrating tablets and inhalable medications, aligning with the industry's quest for innovative formulations.
More information about the Global Lactose Market Report -
https://www.thebusinessresearchcompany.com/report/lactose-global-market-report
Market segments for Lactose include:
• By Form: Powder, Granule
• By Purity: Crude Lactose, Edible Lactose, Refined-Edible Grade Lactose
• By Color: Yellow, Pale-Yellow To White, White
• By End-Use: Food And Beverages, Confectionery, Animal Feed, Pharmaceutical, Cosmetics, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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Browse More Reports:
Food Intolerance Products Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/food-intolerance-products-global-market-report
Dairy Ingredients Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/dairy-ingredients-global-market-report
Lactose-Free Infant Formula Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/lactose-free-infant-formula-global-market-report
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